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Maintaining generally stable business operation

  By the end of June, ABC’s total assets reached RMB26.47 trillion, up 6.4% over the end of the previous year. The deposit balance reached RMB20.36 trillion, representing an increase of 8.0%. The total amount of loans and advances granted stood at RMB14.55 trillion, an increase of 8.9%. The balance of NPLs was RMB207.75 billion, an increase of RMB20.54 billion from the end of previous year, and the NPL ratio was 1.43%, a slight increase of 0.03 percentage points from the end of the previous year. Asset quality was generally stable. The provision coverage ratio was 284.97%, maintaining at a relatively high level. In the first half of the year, ABC recorded a net profit of RMB109.19 billion, with basic EPS stood at RMB0.30. The return on average assets (ROAA) was 0.85%, and the weighted return on average equity (ROAE) was 11.94%. ABC successfully issued perpetual bonds of RMB85 billion and tier-2 capital bonds of RMB40 billion, raising its capital adequacy ratio to 16.42%, an increase of 0.29 percentage points from the end of the previous year. The cost-to-income ratio stood at 24.64%, a decrease of 1.11 percentage points year on year.