Guiyang Bank H1 2026 Revenue Up 10.87% to RMB 7.207 Billion, Net Profit Down 4.61%

Guiyang Bank released its 2026 interim report, showing operating revenue of RMB 7.207 billion in the first half, up 10.87% year on year. Net profit attributable to the bank's shareholders was RMB 2.360 billion, down 4.61% from a year earlier. The decline in net profit was mainly due to increased impairment provisions on certain risk assets during the reporting period, with credit impairment losses reaching RMB 2.583 billion, up RMB 562 million year on year, as the bank continued to strengthen its risk-absorption capacity.

Net interest margin and net interest spread both improved year on year. Net interest margin stood at 1.67%, up 0.14 percentage points, while net interest spread was 1.72%, up 0.17 percentage points. The cost-to-income ratio was 24.24%, down 2.74 percentage points year on year. Net fee and commission income was RMB 208 million, up 9.29% year on year. Investment income was RMB 869 million, down RMB 870 million year on year, mainly due to reduced gains from disposal of other debt investments.

As of end-June, Guiyang Bank's total assets were RMB 773.076 billion, up 3.98% from the start of the year. Total liabilities were RMB 699.745 billion, up 4.15% from the beginning of the year. Gross loans and advances amounted to RMB 359.353 billion, up 2% from the start of the year, of which corporate loans were RMB 303.362 billion, accounting for 84.42% of total loans, and retail loans were RMB 55.991 billion, accounting for 15.58%. Total deposits were RMB 464.616 billion, up RMB 20.770 billion or 4.68% from the start of the year. Savings deposits reached RMB 254.550 billion, up 8.11%, and their share of total deposits rose to 54.79%.

On asset quality, the non-performing loan ratio was 1.78% as of end-June, up 0.19 percentage points from the start of the year, mainly because loans with changed risk characteristics were classified as non-performing under prudent risk classification principles, and the pace of disposal of existing non-performing loans was slower than expected. The provision coverage ratio was 229.57%, down 6.05 percentage points from the start of the year. The loan-to-provision ratio was 4.08%, up 0.34 percentage points. The capital adequacy ratio was 15.07%, the tier 1 capital adequacy ratio was 13.86%, and the core tier 1 capital adequacy ratio was 12.87%, down 0.28, 0.28 and 0.24 percentage points respectively from the start of the year.

Guiyang Bank disclosed that it will not distribute profits or convert capital reserves into share capital for the 2026 interim period. Its controlled subsidiary Guiyin Financial Leasing recorded net profit of RMB 192 million in the reporting period. Guangyuan Guishang Village Bank posted a net loss of RMB 19 million, while Huaxi Construction Village Bank recorded net profit of RMB 1.0007 million.