Zhejiang Shaoxing Ruifeng Rural Commercial Bank Co.,Ltd.’s Net Profit Rose 16.6% in First Three Quarters of 2023

Zhejiang Shaoxing Ruifeng Rural Commercial Bank Co.,Ltd. (浙江绍兴瑞丰农村商业银行股份有限公司) (601528.SH) reported a net profit of 1.3 billion yuan in the first three quarters of 2023, up 16.6% year-on-year.

Meanwhile, the company posted 2.9 billion yuan in revenue, up 7.1% year-on-year.

At the end of the reporting period, it had 192.3 billion yuan in total assets and 176 billion yuan in total liabilities, with a liability-to-asset ratio of 91.5%.