China’s CZBank posts net profit growth in 2022


CZBank, one of China’s 12 nationwide joint-stock commercial banks, reported net profit growth of 7.67 percent in 2022.

The Hangzhou-headquartered lender raked in about 13.62 billion yuan (about 1.98 billion U.S. dollars) in net profit attributable to shareholders in the period, according to its annual financial statement.

Its business revenue stood at 61.085 billion yuan, expanding 12.14 percent year on year.— Xinhua