Wuxi Rural Commercial Bank Co.,Ltd.’s Net Profit Rose 21.6% in First Quarter of 2022

Wuxi Rural Commercial Bank Co.,Ltd. (无锡农村商业银行股份有限公司) (600908.SH) reported a net profit of 447 million yuan in the first quarter of 2022, up 21.6% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 9.1% year-on-year.

At the end of the reporting period, it had 208.1 billion yuan in total assets and 191.7 billion yuan in total liabilities, with a liability-to-asset ratio of 92.1%.