贵州花溪农商银行评级遭下调：一季度末不良率6.80%，2024年净利润同比下降超80%

Core Viewpoint - The credit rating of Guizhou Huaxi Rural Commercial Bank Co., Ltd. has been downgraded from A+ to A, with a stable outlook, primarily due to declining asset quality, deteriorating profitability, and pressure on capital adequacy [1] Asset Quality - The bank's non-performing loan (NPL) ratio has risen to 6.80% as of March 2025, with overdue loans accounting for 24.29% of total loans, indicating significant downward pressure on asset quality [3] - The bank's loan concentration is high, with the top five industries (wholesale and retail, agriculture, leasing and commercial services, real estate, and accommodation and catering) accounting for 86.09% of total loans as of March 2025 [3] - Customer concentration is also elevated, with single customer loan concentration at 9.68% and top ten customer concentration at 94.92%, both increasing significantly compared to the end of 2023 [3] Profitability - The bank's net profit for 2024 plummeted by 82.50% to 0.13 billion, with a return on equity (ROE) dropping to 0.47% [3] - Despite a 16.77% increase in operating income to 0.687 billion in 2024, the surge in credit impairment losses (up 109.47% year-on-year) severely impacted profitability [3] Capital Adequacy - As of March 2025, the capital adequacy ratio stands at 10.52%, down 1.08 percentage points from the end of 2024, indicating reduced capital buffer [4] - The core tier one capital adequacy ratio is at 9.53%, also showing a decline, suggesting pressure for capital replenishment [4]