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Industrial Bank's net profits up 10.52% in 2022

Xinhua | Updated: 2023-04-01 13:55

An Industrial Bank employee introduces green financing products at a branch in Fuzhou, Fujian province. [Photo/Xinhua]

BEIJING -- The Industrial Bank Co Ltd saw its net profits reach about 91.38 billion yuan ($13.3 billion) last year, up 10.52 percent year-on-year.

The bank's operating revenue came in at 222.37 billion yuan in 2022, it said in a report filed to the Shanghai Stock Exchange.

Last year, the bank accelerated its loan issuance for sectors including green development, manufacturing, science and technology, and people's livelihood and consumption.

By the end of 2022, the bank's outstanding green loans hit 637.07 billion yuan, an increase of 40.34 percent from the end of the previous year.

Outstanding loans for the manufacturing sector surpassed 580 billion yuan by the end of 2022, jumping 33.71 percent year on year.

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