Bank of Guizhou (06199) announced its annual results for the year ended December 31, 2023. The group will take...
According to the Zhitong Finance App, Bank of Guizhou (06199) announced its annual results for the year ended December 31, 2023. The group achieved net interest income of 8.75 billion yuan, a year-on-year decrease of 13.32%; net profit of 3.653 billion yuan, a year-on-year decrease of 4.6%; and basic earnings per share of 0.24 yuan.
According to the announcement, as of the end of the reporting period, the bank's total assets were 576.786 billion yuan, an increase of 43.05 billion yuan over the beginning of the year, an increase of 8.06%. The total amount of loans and advances issued was $331,949 million, up $38.421 billion from the beginning of the year, or 13.09%. Total liabilities were $528.368 billion, up 38.557 billion from the beginning of the year, or 7.87%. It absorbed 356.246 billion yuan in deposits, an increase of 29.922 billion yuan over the beginning of the year, an increase of 9.17%.
By the end of the reporting period, the bank had a non-performing loan ratio of 1.68%, an overdue rate of 1.94%, and provision coverage of 287.71%. Major indicators such as liquidity risk, credit risk, market risk, and capital adequacy were fully met.