FilingReader Intelligence
GRCB profit dips amid strategic shift; maintains capital strength
April 30, 2025 at 05:08 PM UTC•By FilingReader AI
Guangzhou Rural Commercial Bank (GRCB) announced its 2024 Annual Report, revealing a net profit of RMB2.416 billion, down from RMB3.260 billion in 2023. Operating income also decreased to RMB15.832 billion from RMB18.154 billion the previous year. The bank attributed the dip in profits to a complex economic environment and strategic investments in small and medium-sized asset businesses.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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HKEX:1551•Hong Kong Exchange
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