Bank of Guizhou announces steady growth in 2024 annual results

Bank of Guizhou announced its annual results for the year ended December 31, 2024, showcasing steady business growth. Total assets reached RMB589.987 billion, a 2.29% increase year-over-year. Loans grew to RMB347.085 billion, up 4.56%, while deposits reached RMB375.002 billion, a 5.26% rise. Operating income rebounded to RMB12.418 billion, a 9.46% increase, and net profit edged up to RMB3.779 billion, a 3.43% increase. The NPL ratio remained stable at 1.72%, with an allowance coverage ratio of 315.98%. The bank highlighted strengthening its customer base, particularly among corporate and individual clients, and its focus on high-quality development and strategic alignment.