Changshu Bank(601128)2024-06-26 07:41Group 1: Financial Performance - The bank's revenue and net profit attributable to shareholders showed significant growth in Q1 2024, driven by a deposit growth rate of 14.35% and a loan growth rate of 5.76% [3] - The growth logic is attributed to five main factors: increased volume, stable pricing, diversification of non-interest income, cost control through technology, and effective risk management [3] Group 2: Interest Margin Outlook - The bank's net interest margin is expected to remain relatively stable with a slight narrowing due to competitive pressures and economic conditions affecting credit demand [4] - The bank plans to optimize its loan structure by focusing on smaller, credit-based loans while enhancing the proportion of high-interest loans [4] Group 3: Asset Quality and Risk Management - As of March 2024, the bank reported a non-performing loan (NPL) ratio of 0.76% and a provision coverage ratio of 539.18%, indicating strong asset quality [4] - The bank will continue to enhance its risk management framework to maintain stable levels of NPL and provision coverage in 2024 [4]