Furthermore, YZJFH’s non-interest income was down for 3QYF2022 too, as the company booked lower fair value in its assets amid weak equity markets.
Yangzijiang Financial Holding says its total income for 3QFY2022 ended Sept was lower year-on-year because of lower interest income.
The drop, says CEO Vincent Toe in a business update on Dec 5, is partly because it held a bigger proportion of cash and amid the short term uncertain economic outlook, while bidding the time to reinvest the money into other asset classes including those outside China.
