Core Viewpoint - Jiujiang Bank reported a stabilization in its performance for 2024, with a focus on transforming its operations and enhancing strategic execution while serving local economies and small to medium enterprises [1] Financial Performance - The bank achieved an operating income of 10.388 billion yuan and a net profit of 762 million yuan, representing year-on-year increases of 0.29% and 2.16% respectively, indicating a recovery from negative growth in 2023 [2][1] - The total assets of the bank reached 516.459 billion yuan, a year-on-year increase of 2.50% [1] - The non-performing loan (NPL) ratio stood at 2.19%, with a provision coverage ratio of 154.25% and a capital adequacy ratio of 13.17% [1] Revenue Breakdown - Interest income increased to 9.171 billion yuan, up 10.6% year-on-year, primarily due to a reduction in interest expenses [2] - Non-interest income decreased to 847 million yuan, down 12.9% year-on-year, affected by a decline in wealth management fees [2] - Financial investment income dropped significantly by 62.3% to 341 million yuan due to a reduction in non-standard investments [2] Asset Quality - The bank's total non-performing loans reached 7.012 billion yuan, with the NPL ratio at its highest level in five years [6] - Retail loan non-performing loans increased significantly to 2.664 billion yuan, while corporate loan non-performing loans decreased to 4.348 billion yuan [6] - The bank's provision coverage ratio has shown a downward trend from 173.01% in 2022 to 154.25% in 2024 [6] Strategic Outlook - Jiujiang Bank plans to continue focusing on its market positioning of "three services" and aims to enhance its operational structure while controlling non-performing loans and stabilizing growth [6]
九江银行2024年业绩小幅“止血” 不良率攀至近五年最高