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Bank of qingdao, bank of guiyang and others have received intensive research. Interest rate spread pressure will still be a focus of concern next year. The reserve volume and structure of the opening red project of many banks have been "exposed."
① Under the backdrop of debt conversion, some regional banks are expected to benefit from the improvement in the fundamentals brought by the local economic development and debt restructuring. ② Regulatory requirements will assist listed banks with relatively low price-to-book ratios to strengthen dividends and increase stake & buy back, gradually enhancing valuation levels. Additionally, the management expectations of market cap for major index components will help bring long-term capital into the market, indirectly supporting high dividend sectors such as banks.
How to resolve the situation of declining revenue and net profit in the third quarter report? Why is the provision coverage ratio still increasing? Can dividends be increased? Bank of Guiyang executives face questions from investors.
① Some investors bluntly pointed out that “revenue and profit growth rates are not ideal” in the three-quarter report, and Chairman Zhang Zhenghai responded. ② Governor Sheng Jun explained why the non-performing rate improved in the third quarter and why the provision rate continued to rise. ③ Investors questioned the slowdown in the company's loan growth rate, and Bank of Guiyang management responded.
Bank of Guiyang's Q3 Profit Down 6%, Revenue Slides 5%
Bank of Guiyang: Bank of Guiyang Co., Ltd. Report for the third quarter of 2024
Bank of Guiyang Co., Ltd. Third Quarter Report 2024
bank of guiyang's revenue in the first three quarters was 10.937 billion yuan, with continuous year-on-year decline for 6 consecutive quarters, and the non-performing loan ratio decreased to 1.57%.
①The proportion of time deposits of bank of guiyang to total deposits increased from 62.83% at the beginning of the year to 68.52% in the third quarter. ②The net interest margin of bank of guizhou at the end of the third quarter remained stable at 1.80%, a decrease of 0.01 percentage points from the end of June this year. ③In the latest quarterly report, the non-performing loan ratio of bank of guiyang decreased from 1.62% at the semi-annual to 1.57%, a decrease of 0.05 percentage points.
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