ICBC reports Q3 2017 financial results

  • Net profit amounted to RMB229,086 million, representing an increase of 2.51% over the same period of last year.
  • Annualised return on average total assets and annualised return on weighted average equity were 1.22% and 15.53%, respectively.
 
  • Operating income amounted to RMB506,265 million, representing an increase of 4.6% compared with the same period of last year.
  • Net interest income was RMB384,151 million, representing an increase of 9.33% compared with the same period of last year.
  • Annualised net interest margin was 2.17%, rising by 1 basis point over the first half of the year and over the year 2016.
  • Net fee and commission income was RMB107,643 million, representing a decrease of 5.37% compared with the same period of last year.
  • Operating expenses (exclusive of taxes and surcharges) were RMB120,301 million, representing an increase of 2.30% compared with the same period of last year.
  • Cost-to-income ratio was 23.76%.
 
  • As at the end of the reporting period, total assets amounted to RMB25,764,798 million, representing an increase of RMB1,627,533 million or 6.74% over the end of the previous year.
  • Total loans and advances to customers amounted to RMB14,095,664 million, representing an increase of RMB1,038,818 million or 7.96% over the end of last year, of which RMB loans of domestic branches grew by RMB868,458 million or 7.59%.
  • In terms of the structure of loans and advances to customers, corporate loans were RMB8,985,140 million, personal loans were RMB4,779,851 million and discounted bills were RMB330,673 million. Investment was RMB5,640,733 million, representing an increase of RMB159,559 million or 2.91% over the end of last year.
 
  • Total liabilities amounted to RMB23,663,656 million, representing an increase of RMB1,507,554 million or 6.80% over the end of the previous year.
  • Due to customers amounted to RMB19,329,643 million, representing an increase of RMB1,504,341 million or 8.44% over the end of the previous year. In terms of the structure of deposits, time deposits were RMB9,396,636 million, demand deposits were RMB9,744,743 million and others were RMB188,264 million.
 
Shareholders’ equity amounted to RMB2,101,142 million, representing an increase of RMB119,979 million or 6.06% over the end of last year.
9 1 Calculated based on the Regulation Governing Capital of Commercial Banks (Provisional) promulgated by China Banking
Regulatory Commission.
 
According to the five-category classification of loans, the balance of non-performing loans (“NPLs”) amounted to RMB220,043 million, representing an increase of RMB8,242 million
over the end of the previous year. The NPL ratio was 1.56%, representing a decrease of 0.06 percentage point over the end of the previous year. The allowance to NPL stood at 148.42%,
representing an increase of 11.73 percentage points over the end of the previous year. The core tier 1 capital adequacy ratio was 12.88%, the tier 1 capital adequacy ratio was
13.40% and the capital adequacy ratio was 14.67%1, all meeting regulatory requirements.
 
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