Bank of Guizhou Posts 5.26% Net Profit Growth to 2.241 Billion Yuan in First Half

Deep News
Aug 28

On August 28, Bank of Guizhou unveiled its interim results for the first half of the year. The financial data reveals that the bank achieved total operating revenue of 6.18 billion yuan during the period, marking a year-on-year increase of 1.28%. Net profit reached 2.241 billion yuan, reflecting a growth of 5.26% compared to the same period last year.

As of the end of June, BANK OF GUIZHOU reported total assets of 633.786 billion yuan, up 3.83% from the beginning of the year. The non-performing loan ratio stood at 1.68%, an increase of 0.03 percentage points from the end of the previous year. Furthermore, the provision coverage ratio was recorded at 323.98%, down 5.12 percentage points from the level seen at the close of last year.

These figures indicate a steady yet modest improvement in profitability for the regional lender, despite slight upticks in asset quality pressure. The bank's capital base and risk buffers remain robust, supporting its ongoing operations amid a challenging economic environment.

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