The 2023 performance express released by SPDB on March 20 shows that in the face of complex internal and external environment, SPDB has thoroughly implemented the decisions and arrangements of the CPC Central Committee, the State Council, the Shanghai Municipal Committee and the Shanghai Municipal Government, earnestly implemented regulatory requirements, actively served the real economy, continued to deepen business restructuring, and accelerated the pace of transformation and development.

Since the fourth quarter of 2023, under the guidance of digital intelligence strategy, Shanghai Pudong Development Bank has focused on the "five tracks" of science and technology finance, supply chain finance, inclusive finance, cross-border finance, and financial finance, made every effort to push forward the "100 day solution", increased the investment of assets, and consolidated the foundation for high-quality development.

By the end of the reporting period, the total assets (group) of SPDB had exceeded 9 trillion yuan, reaching 9007.247 billion yuan, an increase of 302.596 billion yuan or 3.48% over the end of the previous year; Total loans increased by 117.092 billion yuan or 2.39% over the end of last year. Total liabilities reached 8.27 trillion yuan, an increase of 276.487 billion yuan or 3.46% over the end of the previous year; Total deposits increased by 158.152 billion yuan or 3.28% over the end of last year. In terms of operating benefits, Pudong Development Bank will achieve an operating revenue of 173.434 billion yuan in 2023, and a net profit attributable to shareholders of the parent company of 36.702 billion yuan.

In terms of asset quality, Shanghai Pudong Development Bank insisted on "controlling the new while reducing the old", continued to increase the disposal of non-performing assets in stock, and achieved a "double drop" in non-performing loan balance and non-performing loan ratio for four consecutive years. As of the end of the reporting period, the non-performing loan ratio of Shanghai Pudong Development Bank was 1.48%, down 0.04 percentage points from the end of the previous year; The provision coverage rate was 173.51%, up 14.47 percentage points from the end of last year.

Source: Shanghai Pudong Development Bank

Edited by Xu Fanfang

Second instance Li Jie

Third instance Min Jie