Ping An Insurance (02318.HK) subsidiary Ping An Bank earned 13.85 billion RMB in the third quarter, a decrease of 2.8%.
Ping An Insurance (02318.HK) announced the performance of its subsidiary Ping An Bank (000001.SZ) for the first nine months ending in September, achieving revenue of 111.582 billion RMB (same below), a 12.6% year-on-year decrease. Net profit attributable to shareholders was 39.729 billion yuan, a slight increase of 0.2%, with an EPS of 1.94 yuan. For the third quarter alone, revenue reached 34.45 billion yuan, down 11.7%. Net profit attributable to shareholders was 13.85 billion yuan, a decrease of 2.8%, with an EPS of 0.71 yuan. During the quarter, the net interest margin narrowed from 1.91% in the second quarter to 1.87%. Ending in September.
Express News | Leveraged funds' heavy positions in stocks this week exposed, with gtja taking the lead.
gtja's September listing premium data review: Solid performance in life insurance, investment side boost drives profit beyond expectations.
Life insurance premiums continued to grow from January to September, expected to benefit from strong customer demand and a new single sales boom period for pricing rate switching window; Property insurance premium performance differentiated, expected COR to be stable; Investment income significantly boosted profits beyond expectations.
Ping An Insurance (02318): Ping An Bank's net income in the first three quarters was 39.729 billion yuan, a year-on-year increase of 0.2%.
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