Q3 2023 Industrial and Commercial Bank of China Ltd Earnings Call Transcript
Dear investors and analysts, welcome to ICBC Q3 Earnings Call. I'm (inaudible) GM of Corporate Strategy and IR department. Today, Board Secretary Guan Xueqing and other management personnel from departments and subsidiaries are here to communicate with you. Our directors are also online. They are Feng Weidong, (inaudible) and Yang Shun Siu. Our Q3 results have been released online. We can see that the Q3 results continue the robust performance, core indicators are stable and robust. The net profit totaled CNY 269.9 billion, up by 0.8%. ROA was 0.86%. ROE was 10.56%, leading the peers. Net interest margin was 1.67%. The decrease was the same as Q3 -- Q2 and the trajectory is the same with the main peers. NPL ratio was 1.36%, slightly lower compared with the beginning and the figures difference continue to be negative for 14 consecutive quarters as the quality improved further. Capital adequacy ratio was 18% more and provision coverage ratio was over 200%.
The deposit and loan increased robustly. The loans increased more than CNY 2.5 trillion, investments improved by
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