Changshu Bank(601128)2024-11-22 07:35Group 1: Financial Performance - The bank's revenue and net profit attributable to shareholders showed significant growth in Q3 2024, driven by a 14.79% increase in deposits and a 7.42% increase in loans as of September 2024 [4] - The bank maintained stable interest margins through effective asset-liability management and cost control, leading to a steady decline in the cost-to-income ratio [4] Group 2: Risk Management - As of September 2024, the bank reported a non-performing loan (NPL) ratio of 0.77% and a provision coverage ratio of 528.40%, indicating strong asset quality [4] - The bank employs a comprehensive risk management model that includes pre-, during-, and post-risk management strategies to maintain low NPL ratios and high provision coverage [4] Group 3: Strategic Initiatives - The bank is actively responding to national financial regulatory requirements by absorbing rural banks and converting them into branches, enhancing service quality and market competitiveness [4] - This strategy aims to optimize resource allocation and strengthen risk management while expanding the bank's inclusive financial services [4] Group 4: Interest Margin Outlook - The decline in net interest margin this year is attributed to weak credit demand, but the bank expects stability in the second half of the year due to a slight decrease in deposit costs [4] - The bank plans to continue focusing on small and scattered credit loans to improve the proportion of high-interest loans while optimizing the deposit structure [4]