Zhong Guo Jing Ji Wang·2024-11-21 23:24Core Insights - The report by the China Banking Association highlights the development status of rural small and medium-sized banks in China, focusing on their operational environment, business development, financial support, reform transformation, and corporate governance [1] Group 1: Overall Performance - As of the end of 2023, total assets and total liabilities of rural small and medium-sized banks reached 54.61 trillion yuan and 50.66 trillion yuan, respectively, both showing a year-on-year growth of 9.2% [1] - These banks account for 13.1% of the total assets and 13.2% of the total liabilities in the banking sector [1] Group 2: Financial Health Indicators - The non-performing loan ratio for rural cooperative financial institutions stood at 3.49%, with a capital adequacy ratio of 12.27% and a provision coverage ratio of 133.1% [1] - The loan provision ratio was recorded at 4.65%, while the non-performing asset ratio for non-loan assets was 1.42% [1] - The liquidity ratio was reported at 77.85%, indicating that major risk regulatory indicators are within a reasonable range [1] Group 3: Agricultural Loan Support - The balance of agricultural loans from rural small and medium-sized banks reached 16 trillion yuan, effectively meeting the financial service needs of major grain-producing areas, the entire industry chain, and poverty alleviation regions [1] - This financial support has significantly contributed to the development of rural characteristic industries, local brands, and new industries and business formats [1]