On March 29th, Bank of Communications (4.67, -0.0 1, -0.2 1%) released the annual report of 20 17, achieving a net profit of 70.223 billion yuan, up 4.5% year-on-year. Since 20 17, profits have increased quarter by quarter, with a single quarterly growth rate in the fourth quarter.

In 20 17 years, Bank of Communications realized operating income of19601billion yuan, up by 1.5% year-on-year, of which net interest income decreased by 5.6% year-on-year. The net fee and commission income increased by 10.2%, and increased by 25.9% in the fourth quarter. Mainly due to the high growth of bank card and asset management business, the total proportion of the two increased by 5.8 percentage points to 70.8%, which is the "double engine" for the income growth of intermediary business of Bank of Communications.

The data shows that Bank of Communications achieved a profit before provision of 1 147 billion yuan in 20 17, a year-on-year decrease of 1.4%. However, the profits of the profit centers of the six major business divisions (custody, credit card, market, asset management, bills and precious metals) still maintained rapid growth, with a year-on-year increase of 65,438+04.88.