Weihai City Commercial Bank Co., Ltd. (Weihai City Commercial Bank) reported a total asset growth of 6.8% in 2023, reaching 13.51 billion yuan, with a total liability growth of 6.0%. The net profit reached 422.86 million yuan in 2023, a year-on-year increase of 77.91%. The non-performing loan ratio was 1.45%, and the asset quality remained stable. The bank's operating income in 2023 was 1,456.08 million yuan, and the operating cost was 1,279.89 million yuan, with an operating cost ratio of 11.88%. The bank's net interest margin was 3.35%, and the net interest income was 336.09 million yuan. The bank's total deposits and total loans in 2023 were 11.88 billion yuan and 9.68 billion yuan, respectively. The bank's capital adequacy ratio was 15.42%, and the core capital adequacy ratio was 11.77%. The bank's business performance in 2024 is expected to continue to improve, with non-performing loans under control and profitability growth.
