As the first rural commercial bank established in Northeast China Region, Jiutai Rural Commercial Bank implements inclusive finance actively, innovates rural financial service. At the same time, strengthens endogenous power constantly, keeps solid growth.

Jiutai Rural Commercial Bank comes into the market at the Mainboard of the Stock Exchange of Hong Kong Ltd. on January 12, 2017, becomes the first rural commercial bank of coming into the market in Northeast China Region. The first annual report of coming into the market shows, scale and performance of Jiutai Rural Commercial Bank all realized steady-state growth. The retained profits of the company last year was 2.3 billion Yuan, in “Medical Examination Report of Hundred Banks” of Investors Newspaper, net assets income rate occupies the fourth.

Innovates the Pattern of Inclusive Finance

As the first rural commercial bank established in Northeast China Region, Jiutai Rural Commercial Bank actively implements the demand of development inclusive finance of China Banking Regulatory Commission, takes financial innovation to apply into “Three Agricultures” and financial service of middle and small-sized enterprises, the self performance is also gained further promotion.

Interest-bearing Assets Strengthens Greatly Performance Growth

Notice of Jiutai Rural Commercial Bank shows, in 2016, combined form assets was about 191.5 billion Yuan, year-on-year growth 35%; operation revenue reached 5.9 billion Yuan, year-on-year growth 39% than 4.3 billion Yuan of 2015.

Reporter of Investors Newspaper observed, steady-state growth of retained profits and the steady-state growth of total amount of interest-bearing Assets are interwovenness, in 2016, interest income of the bank increased 1.16 billion Yuan, year-on-year growth 34%.

It is worth nothing that the performance growth of Jiutai Rural Commercial Bank is also not relied heavily scale effect excessively, the endogenous ability of the assets is also gained larger promotion, it is showed by the data of annual report, its return on assets, return on equity were promoted from 1.25%, 14.24% of 2015 to 1.39%, 18.11% respectively.

Quality of Assets Is Well and Steady

In recent years, effected by the micro economy, except for the profitability of banking industry glides, rising of non-performing assets also becomes “the Incantation of the Golden Hoop” of perplexing the development of the industry, still not catches sight of the sign of taking a turn for the better up to now. While Jiutai Rural Commercial Bank carries out careful risk management strategy and strict inner control mechanism, sustainably keeps excellent quality of assets.

The data of the annual report of the company shows, in 2016, non-performing loan ratio of Jiutai Rural Commercial Bank was 1.27%, year-on-year decrease 0.01 percentage point, quality of assets was gained steady promotion.

In addition, coming to see from the loan details according to the five-class classification partition, the loan of normal grade of Jiutai Rural Commercial Bank is about 59.2 billion Yuan; occupies 95% of total loan amounts; provision coverage is 206.57%, is superior to the regulatory standard.