Qingdao Bank: 2018 forecast surplus of 2.023 billion yuan, an increase of 6.48%

Qingdao Bank (002948) disclosed the morning of February 18th in 2018PerformanceExpress, expected to be realized in 2018Operating income7.372 billion yuan, an increase of 32.04% over the same period of last year. It is expected to be attributed to the Bank.shareholderofNet profit2.23 billion yuan, an increase of 6.48%.

Qingdao Bank said that in 2018, the company promoted structural adjustment, strengthened risk management and control, and achieved steady growth in efficiency. The overall operation was stable and progressed, asset and liability optimization was adjusted, and profitability continued to improve. At the end of 2018, the company's total assets were 317.643 billion yuan, an increase of 11.367 billion yuan or 3.71% over the end of the previous year; the total liabilities were 290.146 billion yuan, an increase of 9.993 billion yuan or 3.57% over the end of the previous year. Loans and advances of 123.367 billion yuan, according to the same caliber (not considering the accounting [2018] No. 36, on the revision of the 2018 financial enterpriseFinancial StatementsThe notice of the format, the same as the previous year, increased by 27.331 billion yuan, an increase of 28.61%, and the absorption of deposits was 177.91 billion yuan, an increase of 15.592 billion yuan or 9.74%.

In 2018, the quality of Qingdao Bank's assets remained stable and the risk resilience increased. The loans overdue for more than 90 days were all included in non-performing loans. The non-performing loan ratio at the end of 2018 was 1.68%, down 0.01 percentage points from the end of the previous year; the provision coverage ratio was 168.04%. At the end of last year, it increased by 14.52 percentage points.

(Article source: China Securities Journal)

                (Editor: DF010)