Jiangsu Changshu Rural Commercial Bank Co.,Ltd.’s Net Profit Rose 21.2% in First Quarter of 2022

Jiangsu Changshu Rural Commercial Bank Co.,Ltd. (江苏常熟农村商业银行股份有限公司) (601128.SH) reported a net profit of 711.3 million yuan in the first quarter of 2022, up 21.2% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, up 19.3% year-on-year.

At the end of the reporting period, it had 268.7 billion yuan in total assets and 246.7 billion yuan in total liabilities, with a liability-to-asset ratio of 91.8%.