绍兴银行获AAA主体信用评级

Core Insights - Dongfang Jincheng International Credit Rating Co., Ltd. has issued a credit rating report for Shaoxing Bank Co., Ltd., assigning a AAA rating to the bank and a AAAsti rating to the upcoming 2025 technology innovation bonds, indicating strong debt repayment capability and very low default risk [1][2] Group 1: Credit Rating and Financial Overview - Shaoxing Bank's total assets are projected to grow from 215.76 billion to 274.39 billion RMB from 2022 to 2024, with deposits increasing from 140.06 billion to 176.02 billion RMB and loans rising from 125.09 billion to 162.65 billion RMB, demonstrating stable growth in deposit and loan scales [2] - As of June 2025, the bank's operating income is expected to reach 3.98 billion RMB with a net profit of 1.63 billion RMB, while the first half of 2025 is projected to yield an operating income of 1.85 billion RMB and a net profit of 784 million RMB [2] Group 2: Business Focus and Market Position - The bank focuses on supporting local manufacturing, high-tech industries, green industries, and rural revitalization, with significant support for local enterprises [2] - By the end of 2024, the bank's manufacturing loan balance is expected to be 45.60 billion RMB, an increase of 8.06% from the beginning of the year, accounting for 27.38% of total loans, while small and micro enterprise loans are projected to reach 116.88 billion RMB, up 10.65%, making up 70.17% of total loans [2] Group 3: Market Risks and Challenges - The bank's asset structure has a high proportion of interest-sensitive assets, which increases market risk management pressure as interest rate marketization progresses [2] - The bank faces challenges in profitability growth due to declining loan yields amid LPR reductions and fee reduction policies, along with the impact of provisioning [2]