BEIJING, May 3 (Xinhua) -- Bank of Jiangsu Co., Ltd., a Chinese joint-stock commercial bank, reported a 12.85-percent rise in net profit in the first quarter of the year.

The lender's net profit reached 4.26 billion yuan (about 603 million U.S. dollars), it said in its quarterly report filed to the Shanghai Stock Exchange.

The bank, headquartered in Nanjing, capital of east China's Jiangsu Province, generated a revenue of 13.1 billion yuan, a year-on-year increase of 17.79 percent.

Its total assets reached 2.2 trillion yuan by the end of March, up 6.41 percent from the end of last year, the bank said.

Its non-performing loan ratio stood at 1.38 percent at the end of March, while the provision coverage ratio, a measure of funds set aside to cover bad loans, came in at 238.77 percent.

(Photo: Agencies)