浦发银行前三季度净利388.19亿元增10.21%，不良贷款率1.29%

Core Insights - Shanghai Pudong Development Bank (SPDB) reported a revenue of 132.28 billion yuan for the first three quarters, a year-on-year increase of 1.88%, and a net profit attributable to shareholders of 38.82 billion yuan, up 10.21% year-on-year [2] Financial Performance - The increase in operating efficiency is attributed to enhanced service capabilities for the real economy, with a total loan amount (including bill discounting) increasing by 280.6 billion yuan, a growth of 5.20% [2] - The bank improved its asset-liability management, with the proportion of interest-earning assets in the average daily assets rising by approximately 2.58 percentage points year-on-year, and a significant reduction of nearly 100 billion yuan in low-yield assets [2] - Total deposits increased by 472.76 billion yuan, a growth of 9.19%, while the interest-bearing deposit rate decreased by 38 basis points year-on-year, stabilizing net interest income [2] Asset Quality - As of the end of September, the non-performing loan balance was 72.89 billion yuan, a decrease of 0.265 billion yuan from the end of the previous year, with a non-performing loan ratio of 1.29%, down 0.07 percentage points [3] - The provision coverage ratio improved to 198.04%, an increase of 11.08 percentage points from the end of the previous year [3] Loan Composition - Corporate loans (including bill discounting and personal business loans) amounted to 4,041.41 billion yuan, an increase of 242.35 billion yuan, or 6.38% [3] - Retail loans (excluding personal business loans) reached 1,504.72 billion yuan, up 41.59 billion yuan, or 2.84% [3] - The personal housing loan balance was 884.00 billion yuan, growing by 2.88%, with 87.70% of new personal housing loans issued in key economic regions, an increase of 3.38 percentage points year-on-year [3] Capital Strength - SPDB's convertible bonds have a conversion rate of 99.67%, with a total of 49.84 billion yuan converted into ordinary shares, enhancing the bank's core tier one capital and supporting sustainable high-quality development [3]