Qingdao Rural Commercial Bank Corporation’s Net Profit Rose 6.1% in First Quarter of 2023

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 1 billion yuan in the first quarter of 2023, up 6.1% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, up 7.2% year-on-year.

At the end of the reporting period, it had 463.2 billion yuan in total assets and 425.9 billion yuan in total liabilities, with a liability-to-asset ratio of 91.9%.