QILU BANK(SH:601665) Xin Lang Cai Jing·2025-09-03 11:32Core Viewpoint - Qilu Bank's management expressed concerns about the downward pressure on net interest margins while outlining plans for credit growth and increased dividend frequency [1][2][4]. Group 1: Net Interest Margin - As of mid-2023, Qilu Bank's net interest margin was 1.53%, an increase of 2 basis points year-on-year [2]. - The management attributed the improvement to optimized asset-liability management and cost control, but acknowledged ongoing downward pressure from factors like loan repricing and intensified competition [2][3]. - The bank plans to enhance market interest rate assessments and manage deposit costs to stabilize net interest margins [2]. Group 2: Credit Growth Strategy - Qilu Bank's total loans reached 371.41 billion yuan, a year-on-year increase of 10.16%, with corporate loans growing by 15.72% [3]. - The bank aims for balanced credit growth in 2023, focusing on corporate lending, particularly in advanced manufacturing, infrastructure, and green finance [3]. - Additionally, the bank will support consumer loans, aligning with national strategies to boost consumption [3]. Group 3: Dividend Policy - Qilu Bank plans to increase the frequency of dividends, moving from annual to semi-annual distributions [4]. - The bank's 2024 interim dividend proposal included a cash dividend of 1.27 yuan per share, totaling 614 million yuan, representing 27.57% of net profit [4]. - The management indicated that the board will determine the 2025 interim dividend based on regulatory requirements and overall financial health [4][5].