Chongqing Rural Commercial Bank Co Ltd
SSE:601077
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Chongqing Rural Commercial Bank Co Ltd
Interest Expense
Chongqing Rural Commercial Bank Co Ltd
Interest Expense Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
Company | Interest Expense | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
---|---|---|---|---|---|---|
Chongqing Rural Commercial Bank Co Ltd
SSE:601077
|
Interest Expense
ÂĄ26.4B
|
CAGR 3-Years
7%
|
CAGR 5-Years
6%
|
CAGR 10-Years
N/A
|
||
Bank of Nanjing Co Ltd
SSE:601009
|
Interest Expense
ÂĄ52.3B
|
CAGR 3-Years
13%
|
CAGR 5-Years
9%
|
CAGR 10-Years
13%
|
||
B
|
Bank of Hangzhou Co Ltd
SSE:600926
|
Interest Expense
ÂĄ38.1B
|
CAGR 3-Years
15%
|
CAGR 5-Years
11%
|
CAGR 10-Years
N/A
|
|
Bank of Jiangsu Co Ltd
SSE:600919
|
Interest Expense
ÂĄ75.8B
|
CAGR 3-Years
9%
|
CAGR 5-Years
6%
|
CAGR 10-Years
N/A
|
||
Bank of Chengdu Co Ltd
SSE:601838
|
Interest Expense
ÂĄ24.1B
|
CAGR 3-Years
20%
|
CAGR 5-Years
20%
|
CAGR 10-Years
N/A
|
||
Bank of Ningbo Co Ltd
SZSE:002142
|
Interest Expense
ÂĄ54.4B
|
CAGR 3-Years
19%
|
CAGR 5-Years
17%
|
CAGR 10-Years
14%
|
Chongqing Rural Commercial Bank Co Ltd
Glance View
Chongqing Rural Commercial Bank Co Ltd (CRC Bank) emerged as a significant player in the financial landscape of China, particularly focusing on the rural and small-to-medium enterprise (SME) sectors. Founded in 2001 and headquartered in the vibrant municipality of Chongqing, the bank has positioned itself as a vital financial conduit for local businesses and farming communities, responding to their unique banking needs. With a strong emphasis on agricultural financing and rural development, CRC Bank has established a network that not only supports economic growth in the region but also aligns with the Chinese government's push towards rural revitalization. This strategy has allowed the bank to develop a diverse portfolio of services, catering to individual customers, farmers, and enterprises looking for reliable, accessible banking options. As an investor, understanding CRC Bank's strong foundation and growth potential is key. The bank has benefitted from significant state backing, solidifying its place within a robust regulatory framework that emphasizes stability and long-term growth. Its focus on rural and urban integration positions it well to tap into the growing demand for financial services in underbanked areas. Additionally, CRC Bank has shown resilience in navigating challenges in the financial sector, with a prudent risk management approach and a consistent track record of profitability. As the Chinese economy continues to evolve, particularly in the wake of urbanization trends, CRC Bank is well-poised to offer investors an intriguing opportunity for long-term returns driven by improving regional economies and a growing customer base.
See Also
What is Chongqing Rural Commercial Bank Co Ltd's Interest Expense?
Interest Expense
26.4B
CNY
Based on the financial report for Dec 31, 2023, Chongqing Rural Commercial Bank Co Ltd's Interest Expense amounts to 26.4B CNY.
What is Chongqing Rural Commercial Bank Co Ltd's Interest Expense growth rate?
Interest Expense CAGR 5Y
6%
Over the last year, the Interest Expense growth was 2%. The average annual Interest Expense growth rates for Chongqing Rural Commercial Bank Co Ltd have been 7% over the past three years , 6% over the past five years .