WeBank disclosed the 2022 annual report: 60% of the loans invested in small and micro and self-employed net profit increased by nearly 30%.

[WeBank Disclosure of 2022 Annual report: 60% of loans invested in small and micro and self-employed net profits increased by nearly 30%] Financial Associated Press, April 15, WeBank today disclosed the 2022 annual report. Data show that last year, the bank achieved operating income of 35.36 billion yuan, an increase of 34.7% over the same period last year, of which net interest income accounted for 70.61%; net profit was 8.94 billion yuan, an increase of 29.8% over the same period last year. By the end of last year, WeBank's assets had reached 473.86 billion yuan, an increase of 8 per cent over the beginning of the year. Structurally, net loans accounted for 68.23% of total assets, an increase of 10.36 percentage points over the end of last year. At the end of 2022, the bank absorbed 356.911 billion yuan in customer deposits, an increase of 54.037 billion yuan or 17.84 percent over the end of the previous year. The annual report data also show that about 60% of the bank's on-balance sheet loans were invested in small and micro enterprises and individual industrial and commercial households in the current year, and the loan balance of inclusive small and micro enterprises increased by 38% compared with the beginning of the year. The number of inclusive small and micro loans has increased for five consecutive years, and the interest rate on inclusive small and micro loans has declined for five consecutive years. (Peng Kefeng, reporter of the Financial Associated Press)