Ping An Bank Performance Express: Net profit in 2022 will increase by 25.3% year-on-year

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Reporter | Zeng Lingjun

Another joint-stock bank disclosed its 2022 performance report.

On January 16 , Ping An Bank (000001.SZ) disclosed its performance report. In 2022, it will achieve operating income of 179.895 billion yuan, a year-on-year increase of 6.2%; net profit of 45.516 billion yuan, a year-on-year increase of 25.3%.

According to the Jiemian News reporter, Ping An Bank’s net profit growth rate is the fastest growth rate among joint-stock banks that have disclosed their performance reports. According to the disclosed performance report, the growth rate of China Merchants Bank’s net profit attributable to listed companies last year was 15.08%, and the growth rate of China CITIC Bank’s net profit attributable to listed companies was 11.61%.

As of the end of 2022, Ping An Bank’s total assets were 5.32 trillion yuan, an increase of 8.1% over the end of the previous year, of which the total principal of loans and advances was 3,329.161 billion yuan, an increase of 8.7% over the end of the previous year; Year-end growth of 8.0%.

In terms of asset quality , at the end of 2022, the bank’s non-performing loan ratio was 1.05%, an increase of 0.03 percentage points from the end of the previous year; the deviation of loans overdue for more than 60 days was 0.83, a decrease of 0.02 from the end of the previous year; the provision coverage ratio was 290.28%, an increase of 1.86 from the end of the previous year percent.

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Since 2023 , the stock price of Ping An Bank has rebounded rapidly. Data show that since the beginning of the year, the share price of Ping An Bank has risen by 14.59%. As of the close on January 16, the bank closed at 15.08 yuan, up 0.87%.

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