Industrial Bank records 23.08% rise in net profits for H1

BEIJING -- Industrial Bank Co Ltd, one of the first batch of joint-stock commercial banks on the Chinese mainland, saw its net profits up 23.08 percent year-on-year in the first half of 2021.

Its net profits attributable to shareholders stood at 40.11 billion yuan (about $6.18 billion) in the reporting period, said the bank in a statement.

Total operating revenue reached nearly 109 billion yuan in the first six months, an increase of 8.94 percent year-on-year, the bank said .

By the end of June, the bank's total assets topped 8 trillion yuan, up 2.73 percent from the beginning of this year, while the non-performing loan ratio was 1.15 percent, down by 0.1 percentage points from six months ago.