Industrial Bank sees net profit up 24.1 percent

Industrial Bank Co., Ltd., one of China’s first joint-stock commercial banks, saw its net profit up 24.1 percent year on year in 2021.

The net profit stood at 82.68 billion yuan (13 billion U.S. dollars) in the period. The operating revenue reached 221.24 billion yuan last year, up 8.91 percent year on year, the bank said.

The non-performing loan ratio was 1.1 percent at the end of 2021, down 0.15 percentage points from the beginning of the year.

Industrial Bank was established in east China’s Fujian Province in 1988. ■

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