Wuxi Rural Commercial Bank Co.,Ltd.’s Net Profit Rose 23.3% in First Quarter of 2023

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 550.9 million yuan in the first quarter of 2023, up 23.3% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 3.6% year-on-year.

At the end of the reporting period, it had 226.5 billion yuan in total assets and 206.4 billion yuan in total liabilities, with a liability-to-asset ratio of 91.1%.