Guangzhou Rural Commercial Bank sees first-half operating income rise to RMB8.04bn

Guangzhou Rural Commercial Bank (GRCB) reported a net profit of RMB1,510 million for the first half of 2025, a year-on-year decrease of RMB191 million, which is a significant narrowing of the decline compared to the same period last year. Operating income increased by 9.41% year-on-year to RMB8,037 million. Total assets reached RMB1,406,706 million, up 3.25% from the beginning of the year, while total liabilities grew by 3.57% to RMB1,304,461 million.

The Bank's net interest income rose by 4.68% to RMB6,563 million, and net fee and commission income saw a robust 17.70% increase to RMB372 million. Financial investments expanded by 7.63% to RMB479,950 million, primarily driven by bond investments. Customer deposits increased by 3.60% to RMB1,014,758 million, reinforcing the Bank's funding base.

GRCB continued to support the real economy, with small and medium-sized enterprise loans growing by 9.6% to RMB215 billion, and technology loans increasing by 14.7% to RMB57.09 billion. The non-performing loan ratio increased to 1.98% as of June 30, 2025, up from 1.66% at the end of last year. The capital adequacy ratio stood at 13.62%, with a common equity tier 1 capital adequacy ratio of 9.41%.