Shanghai Rural Commercial Bank Co.,Ltd.’s Net Profit Rose 28.7% in First Quarter of 2022

Shanghai Rural Commercial Bank Co.,Ltd. (上海农村商业银行股份有限公司) (601825.SH) reported a net profit of 3.2 billion yuan in the first quarter of 2022, up 28.7% year-on-year.

Meanwhile, the company posted 6.4 billion yuan in revenue, up 9% year-on-year.

At the end of the reporting period, it had 1.2 trillion yuan in total assets and 1.1 trillion yuan in total liabilities, with a liability-to-asset ratio of 91.5%.