Rankings and Awards - Gansu Bank ranked 55th in the "Top 100 Chinese Banks" list by the China Banking Association for the 8th consecutive year[3] - Gansu Bank ranked 315th globally and 63rd domestically in the "Top 1000 World Banks 2023" by The Banker magazine[3] - Gansu Bank achieved the Provincial Governor's Financial Award for the 10th time in 2023[3] - The bank ranked 315th in the 2023 Top 1000 World Banks and 63rd among Chinese banks, according to The Banker magazine[12] Shareholder Structure - Gansu Bank's major shareholder, Gansu Provincial Highway Aviation Tourism Investment Group, holds approximately 18.30% of the bank's shares as of December 31, 2023[6] - Gansu Provincial State-owned Assets Investment Group directly holds approximately 12.67% of Gansu Bank's shares and indirectly holds about 10.74% through its subsidiaries as of December 31, 2023[6] - Gansu Bank's largest shareholder, Jinchuan Group, holds approximately 6.53% of the bank's shares as of December 31, 2023[7] Financial Performance - Net interest income for 2023 was RMB 5,434.5 million, an increase of 7.2% compared to RMB 5,067.9 million in 2022[13] - Fee and commission income for 2023 was RMB 424.0 million, a decrease of 8.6% compared to RMB 464.0 million in 2022[13] - Trading net income for 2023 was RMB 629.0 million, a decrease of 17.5% compared to RMB 762.1 million in 2022[13] - Investment securities net income for 2023 was RMB 116.6 million, an increase of 124.7% compared to RMB 51.9 million in 2022[13] - Exchange net income for 2023 was RMB 47.5 million, a decrease of 77.3% compared to RMB 209.6 million in 2022[13] - Operating income for 2023 was RMB 6,665.1 million, an increase of 2.1% compared to RMB 6,526.8 million in 2022[13] - Operating expenses for 2023 were RMB 2,388.8 million, an increase of 2.2% compared to RMB 2,337.9 million in 2022[13] - Asset impairment losses for 2023 were RMB 3,707.0 million, an increase of 2.5% compared to RMB 3,618.4 million in 2022[13] - Annual profit for 2023 was RMB 646.6 million, an increase of 7.0% compared to RMB 604.3 million in 2022[13] - Total assets increased to RMB 388.5887 billion in 2023, up from RMB 377.2025 billion in 2022[14] - Customer loans and advances grew to RMB 222.8716 billion in 2023, compared to RMB 214.2724 billion in 2022[14] - Customer deposits rose to RMB 295.5562 billion in 2023, up from RMB 279.0392 billion in 2022[14] - Net interest margin (NIM) improved to 1.48% in 2023 from 1.45% in 2022[14] - Non-performing loan (NPL) ratio remained stable at 2.00% in 2023, unchanged from 2022[14] - Provision coverage ratio stood at 133.39% in 2023, slightly down from 134.73% in 2022[14] - Core tier 1 capital adequacy ratio decreased to 11.38% in 2023 from 11.76% in 2022[14] - Total operating income for 2023 was RMB 6,665.1 million, a 2.1% increase from RMB 6,526.8 million in 2022[21] - Net profit for 2023 increased by 7.0% to RMB 646.6 million, up from RMB 604.3 million in 2022[21] - Total assets as of December 31, 2023, were RMB 388,588.7 million, a 3.0% year-on-year increase[21] - Customer loans and advances (including accrued interest) totaled RMB 222,871.6 million, a 4.0% increase compared to 2022[21] - Customer deposits (including accrued interest) reached RMB 295,556.2 million, a 5.9% year-on-year increase[21] - Net interest income for 2023 was RMB 5,434.5 million, a 7.2% increase from RMB 5,067.9 million in 2022[22] - Interest income for 2023 was RMB 13,900.6 million, a 0.8% increase from RMB 13,788.6 million in 2022[22] - Interest expenses decreased by 2.9% to RMB 8,466.1 million in 2023, down from RMB 8,720.7 million in 2022[22] - The non-performing loan ratio remained stable at 2.0% as of December 31, 2023, unchanged from 2022[21] - Investment securities net income for 2023 was RMB 116.6 million, a 124.7% increase from RMB 51.9 million in 2022[22] - Customer deposits increased by 2.47% to RMB 279,754.9 million in 2023, compared to RMB 265,404.8 million in 2022[27] - Net interest income rose to RMB 5,557.0 million in 2023, up from RMB 5,264.6 million in 2022[27] - The net interest margin improved to 1.48% in 2023 from 1.45% in 2022[27] - Interest income from customer loans and advances grew to RMB 10,606.2 million in 2023, accounting for 75.6% of total interest income, up from 74.3% in 2022[31] - The average yield on customer loans and advances decreased to 4.85% in 2023 from 5.05% in 2022[34] - Interest income from investment securities and other financial assets declined by 6.4% to RMB 2,834.7 million in 2023, primarily due to a decrease in average yield from 2.50% to 2.34%[35] - Interest income from interbank placements dropped by 64.3% to RMB 15.6 million in 2023, driven by a 50.7% reduction in average balance and a decrease in average yield from 1.14% to 0.83%[36] - The total interest-bearing liabilities increased to RMB 341,543.9 million in 2023, up from RMB 330,408.7 million in 2022[27] - The average balance of interest-earning assets grew by 3.4% to RMB 375,349.1 million in 2023, contributing to a 0.3% increase in total interest income[32] - The average yield on interest-earning assets decreased to 3.74% in 2023 from 3.85% in 2022, influenced by declining market interest rates[32] - Buyback and lending interest income increased by 22.3% from RMB 264.7 million in 2022 to RMB 323.6 million in 2023, driven by an increase in the average yield from 1.80% to 1.94% and a 13.3% rise in the average balance from RMB 14,744.4 million to RMB 16,704.5 million[37] - Interest income from deposits with the central bank decreased by 5.8% from RMB 257.9 million in 2022 to RMB 243.0 million in 2023, due to a 5.9% reduction in the average balance from RMB 18,042.4 million to RMB 16,981.2 million[38] - Total interest expenses decreased by 2.9% from RMB 8,720.7 million in 2022 to RMB 8,466.1 million in 2023, primarily due to a decline in the average cost rate of interest-bearing liabilities from 2.64% to 2.48%[40] - Interest expenses on customer deposits remained nearly flat at RMB 6,910.2 million in 2023, with the average cost rate decreasing from 2.60% to 2.47% and the average balance increasing by 5.4% to RMB 279,754.9 million[41] - Interest expenses on repurchase agreements and borrowed funds increased by 38.8% from RMB 122.3 million in 2022 to RMB 169.7 million in 2023, driven by a 109.9% rise in the average balance to RMB 6,668.4 million[42] - Interest expenses on issued debt securities decreased by 27.2% from RMB 811.6 million in 2022 to RMB 590.7 million in 2023, with the average balance declining by 21.6% to RMB 23,556.7 million[43] - Net interest margin increased from 1.45% in 2022 to 1.48% in 2023, supported by the company's efforts to optimize asset structure and reduce liability costs[46] - Net fee and commission income decreased by 5.0% from RMB 400.0 million in 2022 to RMB 379.9 million in 2023, mainly due to reduced fees in agency and settlement services[48] - Trading net income decreased from RMB 762.1 million in 2022 to RMB 629.0 million in 2023, as the company reduced investment asset transactions to increase credit support for the real economy[49] - Investment securities and other financial assets generated a net income of RMB 116.6 million in 2023, up from RMB 51.9 million in 2022[50] - Net exchange gains decreased to RMB 47.5 million in 2023 from RMB 209.6 million in 2022, primarily due to foreign exchange rate fluctuations[51] - Other operating income increased to RMB 57.6 million in 2023 from RMB 35.3 million in 2022, mainly due to rental and other business income[52] - Operating expenses increased by 2.2% to RMB 2,388.8 million in 2023 from RMB 2,337.9 million in 2022, driven by higher employee costs and general administrative expenses[53] - Employee costs rose by 1.4% to RMB 1,261.8 million in 2023 from RMB 1,244.6 million in 2022, with a notable 59.2% increase in union and employee education expenses[56] - General administrative expenses increased by 9.6% to RMB 590.8 million in 2023 from RMB 539.0 million in 2022, reflecting the company's business transformation efforts[57] - Credit/asset impairment losses increased by 2.4% to RMB 3,707.0 million in 2023 from RMB 3,618.4 million in 2022, with a 56.7% rise in investment asset impairment losses[59] - Total assets grew to RMB 388,588.7 million in 2023 from RMB 377,202.5 million in 2022, with customer loans and advances accounting for 57.4% of total assets[62] - Customer loans and advances net of impairment losses increased to RMB 217,089.8 million in 2023 from RMB 208,623.2 million in 2022, representing 55.9% of total assets[63] - Investment securities and other financial assets decreased to RMB 127,021.7 million in 2023 from RMB 131,295.5 million in 2022, accounting for 32.7% of total assets[63] - Total customer loans and advances increased by 4.0% to RMB 222,871.6 million as of December 31, 2023, accounting for 57.4% of total assets, up 0.6 percentage points from 2022[64] - Corporate loans grew by 4.2% to RMB 142,825.3 million, driven by increased support for the real economy in line with national policies[66] - Retail loans increased by 4.0% to RMB 51,972.0 million, primarily due to the development of credit card overdraft business and increased consumer loan offerings[66] - Credit loans rose by 15.6% to RMB 33,870.8 million, driven by the expansion of credit card overdraft and online credit products[68] - Impairment losses on customer loans and advances increased by 2.3% to RMB 5,781.8 million, reflecting higher provisions and increased recovery efforts[69] - Investment securities and other financial assets decreased by 2.4% to RMB 130,134.3 million, as the company shifted focus to credit asset allocation[70] - Total liabilities increased to RMB 355,408.6 million, with customer deposits accounting for 83.2% of total liabilities, up from 81.0% in 2022[71][72] - Customer deposits grew to RMB 295,556.2 million, reflecting the company's strong deposit base and focus on retail and corporate clients[72] - Total customer deposits (including accrued interest) increased by 5.9% from RMB 279,039.2 million as of December 31, 2022, to RMB 295,556.2 million as of December 31, 2023, driven by steady growth in retail deposits due to enhanced marketing efforts[74] - The bank issued zero-coupon interbank certificates of deposit totaling RMB 45,000.0 million from January 1, 2023, to December 31, 2023, with effective annual interest rates ranging from 2.06% to 2.89%[75] - Total equity increased from RMB 32,599.3 million as of December 31, 2022, to RMB 33,180.1 million as of December 31, 2023, with retained earnings rising from RMB 4,247.0 million to RMB 4,796.8 million[76] - Non-performing loans (NPLs) amounted to RMB 4,334.4 million as of December 31, 2023, with an NPL ratio of 2.00%, unchanged from the previous year[78][79] - Retail loans accounted for 23.9% of total loans, with NPLs in retail loans amounting to RMB 1,985.8 million, representing an NPL ratio of 3.82%[82] - The manufacturing sector accounted for 14.6% of total loans, with NPLs of RMB 227.1 million and an NPL ratio of 0.72%[82] - The real estate sector accounted for 5.0% of total loans, with NPLs of RMB 488.4 million and an NPL ratio of 4.46%[82] - The wholesale and retail trade sector accounted for 5.8% of total loans, with NPLs of RMB 883.0 million and an NPL ratio of 7.06%[82] - The agriculture, forestry, animal husbandry, and fishery sector accounted for 3.5% of total loans, with NPLs of RMB 268.6 million and an NPL ratio of 3.51%[82] - The construction sector accounted for 6.7% of total loans, with NPLs of RMB 153.6 million and an NPL ratio of 1.05%[82] - Loans to manufacturing, leasing and business services, construction, wholesale and retail, and real estate sectors accounted for 65.7% and 66.1% of the company's total corporate loans as of December 31, 2022, and December 31, 2023, respectively[83] - The top ten single borrowers accounted for 12.3% of the total loans, with the largest borrower in the manufacturing sector having a loan balance of RMB 8,000 million, representing 3.7% of total loans[85] - The corporate loan non-performing loan (NPL) ratio decreased from 1.69% as of December 31, 2022, to 1.64% as of December 31, 2023, a decrease of 0.05 percentage points[88] - The retail loan NPL ratio increased from 3.76% as of December 31, 2022, to 3.82% as of December 31, 2023, an increase of 0.06 percentage points[88] - The total loan balance increased from RMB 210,063.4 million as of December 31, 2022, to RMB 217,117.4 million as of December 31, 2023[86] - The company's operating income from corporate banking, retail banking, and financial markets business accounted for 40.2%, 41.9%, and 15.8% of total operating income, respectively, as of December 31, 2023[90] - The total off-balance sheet commitments decreased from RMB 27,558.0 million as of December 31, 2022, to RMB 24,393.4 million as of December 31, 2023, primarily due to proactive adjustments in off-balance sheet asset structure[93] - The bank's inclusive finance small and micro loan balance reached RMB 12.443 billion, with a cumulative annual issuance of RMB 10.058 billion, serving 15,546 small and micro customers, including 1,957 small and micro enterprises and 13,589 individual businesses and small business owners[94] - The average interest rate for inclusive finance small and micro loans was 5.66%, with RMB 6.002 billion issued to 1,320 small and micro enterprises[94] - The bank launched the "Xiao Wei E Loan" product, issuing RMB 3.093 billion to 10,938 small and micro business owners and individual businesses, with an interest rate not exceeding 5.5%[94] - The bank's agricultural loans reached RMB 17.479 billion, with a net increase of RMB 911 million, and issued RMB 1.557 billion in loans for six major industries including livestock and crops[94] - The bank had 3,
甘肃银行(02139) - 2023 - 年度财报