The China Banking Association released the “Urban Commercial Bank Development Report”. According to the “Report”, as of the end of 2023, the total assets of urban commercial banks were 55.20 trillion yuan, accounting for 13.23% of financial institutions in the banking sector. In terms of operating performance, urban commercial banks achieved operating income of 975.192 billion yuan in 2023 and net profit of 293,079 billion yuan for the whole year. Furthermore, the report data shows that as of the end of 2023, the non-performing loan ratio of urban commercial banks was 1.75%, down 0.1 percentage points from the end of 2022, and the provision coverage rate for urban commercial banks was 194.94%. The liquidity ratio of urban commercial banks is 81.58%, which is 13.7 percentage points higher than the average of all commercial banks.

The China Banking Association released the “Urban Commercial Bank Development Report”. According to the “Report”, as of the end of 2023, the total assets of urban commercial banks were 55.20 trillion yuan, accounting for 13.23% of financial institutions in the banking sector. In terms of operating performance, urban commercial banks achieved operating income of 975.192 billion yuan in 2023 and net profit of 293,079 billion yuan for the whole year. Furthermore, the report data shows that as of the end of 2023, the non-performing loan ratio of urban commercial banks was 1.75%, down 0.1 percentage points from the end of 2022, and the provision coverage rate for urban commercial banks was 194.94%. The liquidity ratio of urban commercial banks is 81.58%, which is 13.7 percentage points higher than the average of all commercial banks.