Core Viewpoint - Jilin Yilian Bank, the first private bank in Northeast China, has reported significant financial struggles, becoming the only private bank in China to post a loss in 2024, with a net profit of -590 million yuan, a 520% decrease year-on-year [1][3]. Financial Performance - In 2024, Jilin Yilian Bank achieved an operating income of 1.091 billion yuan, a 2% increase from the previous year [1][3]. - The bank's net profit turned negative at -590 million yuan, marking a 520% decline compared to the previous year [3][5]. - The bank's net interest income for 2024 was reported at 953 million yuan, reflecting a 9% year-on-year growth [11]. Asset and Loan Quality - As of the end of 2024, the total assets of Jilin Yilian Bank amounted to 40.822 billion yuan, representing a reduction of 19.074 billion yuan, or approximately 32%, over three consecutive years [1][3]. - The bank's non-performing loan (NPL) ratio reached 2.77%, an increase of 1.16 percentage points from the previous year, the highest among 19 private banks in China [1][5]. - The total loan balance was 24.345 billion yuan, with a decrease of 9.257 billion yuan, or 27.55%, from the previous year [3][4]. Loan Concentration and Risk Indicators - The bank's loan concentration has increased, with the single largest customer loan concentration rising from 4.57% to 6.67%, approaching regulatory thresholds [8]. - The provision coverage ratio decreased from 170.52% to 153.02%, nearing the regulatory red line of 150% [7]. - The bank reported a significant increase in asset impairment losses, totaling 1.471 billion yuan, a 193% increase year-on-year, which contributed to the overall loss [7]. Deposit Trends - Despite a general trend of interest rate cuts among commercial banks, Jilin Yilian Bank raised its one-year deposit rate from 1.85% to 2.00% [9][10]. - The bank's total deposit balance was 27.771 billion yuan, a decrease of 4.796 billion yuan, or 14.73%, from the previous year [1][3].