Jiangsu Zhangjiagang Rural Commercial Bank Co.,Ltd.’s Net Profit Rose 16.5% in First Quarter of 2023

Jiangsu Zhangjiagang Rural Commercial Bank Co.,Ltd. (江苏张家港农村商业银行股份有限公司) (002839.SZ) reported a net profit of 512.5 million yuan in the first quarter of 2023, up 16.5% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 0.6% year-on-year.

At the end of the reporting period, it had 193.9 billion yuan in total assets and 177.5 billion yuan in total liabilities, with a liability-to-asset ratio of 91.6%.