Medium term performance of Bank of Gansu (02139. HK): total revenue of 3.487 billion yuan increased by 15.9% year on year, and net profit reached 408 million yuan

(Related data drawing)

On August 30, Gelonghui Bank of Gansu (02139. HK) announced its medium-term results, with total operating revenue of 3.4867 billion yuan, up 15.9% from 3.0075 billion yuan in the six months ended June 30, 2022. Net profit increased by 3.2% from RMB395.2 million for the six months ended June 30, 2022 to RMB408.0 million for the six months ended June 30, 2023. The year-on-year growth of operating income was mainly due to the Bank's initiative to adjust the structure of assets and liabilities, early investment on the asset side and orderly reduction of debt costs on the liability side; Net profit increased slightly year on year.

As of June 30, 2023, the total assets are 390.028 billion yuan, an increase of 3.4% over the end of 2022; The total amount of customer loans and advances (including accrued interest) was 228.8235 billion yuan, an increase of 6.8% over the end of 2022; The non-performing loan ratio was 1.96%, down 0.04 percentage points from the beginning of 2023. Total customer deposits (including accrued interest) were 293.271 billion yuan, an increase of 5.1% over the end of 2022.

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