Bank of Zhengzhou Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 30, 2023 at 10:07 am EDT
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Bank of Zhengzhou Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was CNY 3,091.8 million compared to CNY 3,209.75 million a year ago. Net income was CNY 704.01 million compared to CNY 872.38 million a year ago. Basic earnings per share from continuing operations was CNY 0.08 compared to CNY 0.0909 a year ago. Diluted earnings per share from continuing operations was CNY 0.08.
For the nine months, net interest income was CNY 9,017.59 million compared to CNY 9,455.46 million a year ago. Net income was CNY 2,750.65 million compared to CNY 3,403.45 million a year ago. Basic earnings per share from continuing operations was CNY 0.3 compared to CNY 0.37 a year ago. Diluted earnings per share from continuing operations was CNY 0.3.
BANK OF ZHENGZHOU CO., LTD. is a Henan Province-based city commercial bank principally providing banking related financial services. The Company mainly operates its businesses through three segments. The Corporate Banking segment is engaged in the provision of a range of financial products and services to corporations, government agencies and financial institutions, including corporate loans, international business and services, corporate deposits and fees, and commission business products and services. The Retail Banking segment is engaged in the provision of a range of financial products and services to retail customers, including loans, deposits, bank cards and commissions, and commission business products and services. The Treasury Business segment is engaged in treasury business, including money market transactions, security and other financial asset investment, bond underwriting, bill-to-discount and rediscount and valet fund business.