Leading regional lender Chongqing Rural Commercial Bank saw a double-digit surge in its net profits in 2021, as the Chinese economy continued to recover from the impacts of the COVID-19 pandemic.
In 2021 Chongqing Rural Commercial posted 30.842 billion yuan in operating revenues, for year-on-year (YoY) growth of 9.42%, according to its annual report released on 30 March.
Net profits were 9.718 billion yuan, for YoY growth of 13.47%, while the weighted average return on assets was 9.87%, for a YoY rise of 0.59 percentage points.
Net interest revenues in 2021 were 26.235 billion yuan, while non-interest revenues were 4.607 billion yuan, for YoY growth of 8.19% and 17.01% respectively.
Non-interest revenues accounted for 14.94% of operating revenues, for a YoY increase of 0.97 percentage points.