Sou Hu Cai Jing·2025-04-12 13:23Core Viewpoint - Chongqing Rural Commercial Bank (CRCB) has demonstrated significant growth in both scale and profitability while reducing risks and costs, maintaining its leading position in the western banking sector [1] Group 1: Financial Performance - As of the end of 2024, CRCB's total assets reached 1.51 trillion yuan, an increase of 738.60 billion yuan from the previous year [2] - The bank's deposit balance was 941.95 billion yuan, up by 457.44 billion yuan year-on-year, while loan balances increased to 714.27 billion yuan, a rise of 375.62 billion yuan [2] - For 2024, CRCB reported operating income of 28.26 billion yuan and net profit of 11.79 billion yuan, reflecting year-on-year growth of 1.09% and 5.97% respectively [2] - By the end of Q1 2025, CRCB's total assets exceeded 1.61 trillion yuan, marking a growth of 953.88 billion yuan, or 6.30% [3] - The bank achieved a net profit of 3.82 billion yuan in Q1 2025, an increase of 4.24% year-on-year [3] Group 2: Asset Quality and Risk Management - CRCB's non-performing loan (NPL) ratio was 1.18% at the end of 2024, with a capital adequacy ratio of 16.12% and a provision coverage ratio of 363.44% [2] - By the end of Q1 2025, the NPL ratio slightly improved to 1.17%, with the provision coverage ratio remaining stable at 363.30% [3] Group 3: Strategic Initiatives - CRCB actively participates in national and local strategic initiatives, contributing to the Chengdu-Chongqing economic circle and the Western Land-Sea New Corridor, providing loans for 176 key projects totaling 26.5 billion yuan [4] - The bank has established a specialized financial service mechanism for the "33618" modern manufacturing cluster, with related loan balances exceeding 66 billion yuan [4] Group 4: Financial Innovations and Services - CRCB has made significant strides in various financial sectors, including technology finance, green finance, inclusive finance, pension finance, and digital finance, with technology loans reaching 76.88 billion yuan [5] - The bank's green loan balance increased by 11.2 billion yuan year-on-year, while inclusive finance initiatives expanded its coverage to all townships in Chongqing [5] Group 5: Market Position and Future Outlook - CRCB ranked 14th nationally and first in the central and western regions in the banking competitiveness list by Tsinghua Financial Review [7] - The bank's A-share stock price saw a daily increase of 3.65% in Q1 2025, leading the western region's listed banks [7] - Looking ahead, CRCB aims to enhance financial services, strengthen risk management, and promote digital transformation to establish itself as a benchmark bank in the western region [7]