Bank of Guizhou (06199) announced interim results, net profit of 2.123 billion yuan, a year-on-year decrease of 3.8%

According to the Zhitong Finance App, Bank of Guizhou (06199) announced interim results for the six months ended June 30, 2024, with net interest income of RMB 4.343 billion, a decrease of 13.77%; net profit of RMB 2,123 billion, a decrease of 3.8%; and basic profit per share of RMB 0.14.

As of the end of the reporting period, the Bank's total assets were 588.441 billion yuan, an increase of 11.655 billion yuan, or 2.02%; total loans of 348.654 billion yuan, an increase of 16.705 billion yuan over the beginning of the year, an increase of 5.03%. Total liabilities were $538,133 million, up 9.765 billion yuan from the beginning of the year, or 1.85%; total deposits were $37,312 billion, up 14.066 billion yuan from the beginning of the year, or 3.95%.

As of the end of the reporting period, the Bank's non-performing loans ratio was 1.65%, down 0.03 percentage points from the beginning of the year. Concerned loans accounted for 2.89%, down 0.03 percentage points from the beginning of the year. The provision coverage rate was 290.57%, an increase of 2.86 percentage points over the beginning of the year. The loan ratio was 4.80%, down 0.03 percentage points from the beginning of the year.