Changshu Bank(601128)2024-09-09 08:41Group 1: Financial Performance - The bank's revenue and net profit for the first half of 2024 showed significant growth, driven by a 14.04% increase in deposits and a 7.42% increase in loans as of June 2024 [3][4] - The bank's non-interest income has diversified, contributing to overall revenue growth through the expansion of light capital business [3] - Cost control measures, including leveraging technology to enhance productivity, have led to a steady decline in the cost-to-income ratio [3] Group 2: Risk Management - As of June 2024, the bank reported a non-performing loan (NPL) ratio of 0.76% and a provision coverage ratio of 538.81%, indicating strong asset quality [4][5] - The bank employs a comprehensive risk management model that includes pre-, during-, and post-risk management strategies to maintain asset quality [5] Group 3: Interest Margin Outlook - The decline in net interest margin this year is attributed to competitive pressures and insufficient credit demand, leading to a decrease in the yield on interest-earning assets [4] - The bank plans to optimize its deposit structure and enhance the stability of corporate settlement deposits to control funding costs, with expectations for a relatively stable net interest margin in the second half of the year [4]