PAB(SZ:000001)2023-11-01 09:34Group 1: Financial Performance - As of September 2023, the overdue loan coverage ratio is 282.62% [1] - The non-performing loan ratio is 1.04%, a decrease of 0.01 percentage points from the end of the previous year [1] - The total number of corporate clients reached 717,600, an increase of 16.5% [1] - Retail customer assets under management (AUM) reached CNY 3,998.85 billion, an increase of 11.5% from the end of the previous year [2] Group 2: Business Development - The bank's retail business has seen steady growth, with a focus on digital transformation [1] - The bank has increased support for advanced manufacturing, private enterprises, and rural revitalization, aligning with national development strategies [1] - The number of private banking clients reached 89,300, an increase of 10.9% from the end of the previous year [2] Group 3: Risk Management - The bank's exposure to local government financing platforms is CNY 179.09 billion, with a 10.3% increase from the end of the previous year [2] - The bank maintains a good quality of loans to local government financing platforms, with no non-performing loans [2] - The bank is committed to monitoring and managing risks in the real estate sector, ensuring orderly credit allocation [2] Group 4: Strategic Initiatives - The bank has a new wealth management team of over 2,500 personnel, enhancing its service capabilities [2] - The bank's agency income from personal insurance reached CNY 2.855 billion, a year-on-year increase of 98.3% [2] - The net interest margin for the first nine months of 2023 is 2.47%, a decrease of 30 basis points from the same period last year [2]