Core Viewpoint - Huishang Bank has shown steady growth in total assets while experiencing a slowdown in revenue growth and moderate profit growth, positioning itself favorably among urban commercial banks in China [2][3][7]. Group 1: Company Overview - Huishang Bank was established in 1997 and has undergone several name changes and mergers, currently operating 21 branches and 464 outlets, primarily in Anhui province [1]. - As of the end of 2024, Huishang Bank's loans in Anhui accounted for 88.87% of its total loans, indicating a strong regional focus [1]. Group 2: Financial Performance - By the end of 2024, Huishang Bank's total assets exceeded 2 trillion yuan, reaching 2.01 trillion yuan, with a year-on-year growth of 11.49% [2]. - The bank achieved operating income of 37.175 billion yuan, a year-on-year increase of 1.62%, and a net profit attributable to shareholders of 15.414 billion yuan, up 6.80% year-on-year [2]. Group 3: Comparative Analysis - Huishang Bank ranks approximately seventh among urban commercial banks in terms of total assets, surpassing Hengfeng Bank and Bohai Bank in total assets, operating income, and net profit [7]. - In 2024, Huishang Bank's net interest margin was 1.71%, a decrease of 17 basis points from 2023, which is considered moderate among major commercial banks [12]. Group 4: Asset Quality - As of the end of 2024, Huishang Bank's non-performing loan (NPL) ratio was 0.99%, down 27 basis points from the previous year, with a provision coverage ratio of 286.47%, an increase of 14.53 percentage points [14]. - The bank's corporate loan NPL ratio improved to 0.86%, while the personal loan NPL ratio rose to 1.51%, indicating a divergence in asset quality between corporate and personal loans [16].
规模突破2万亿，资产质量持续优化——徽商银行2024年财报分析