Qingdao Rural Commercial Bank Corporation’s Net Profit Dropped 24.1% in 2022

Qingdao Rural Commercial Bank Corporation (青岛农村商业银行股份有限公司(简称:青岛农商银行)) (002958.SZ) reported a net profit of 2.3 billion yuan in 2022, down 24.1% year-on-year.

Meanwhile, the company posted 9.9 billion yuan in revenue, down 3.4% year-on-year.

At the end of the reporting period, it had 434.8 billion yuan in total assets and 398.3 billion yuan in total liabilities, with a liability-to-asset ratio of 91.6%.