FilingReader Intelligence

GRCB profit dips amid strategic shift; maintains capital strength

April 30, 2025 at 05:08 PM UTCBy 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

HKEX:1551Hong Kong Exchange

News Alerts

Get instant email alerts when GRCB publishes news

Free account required • Unsubscribe anytime

Filing Activity Timeline

View Complete Filing History →