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"Idle period" a month later, banks issued a dense perpetual bond: Minsheng Bank opened the issuance prelude of the fourth quarter, followed by China Merchants Bank, Ping An, and Bank of Suzhou in November.
①From the perspective of the issuer type, the issuance of perpetual bonds by banks shows a relatively larger number of issuances by small and medium-sized banks, with relatively larger issuance sizes by state-owned large banks and joint-stock banks; ②Issuing perpetual bonds can effectively supplement the banks' other Tier 1 capital, enhance capital adequacy ratio, which can both meet regulatory requirements and strengthen risk resilience.
Bank of Suzhou (002966): Strictly guarding assets quality while balancing scale growth.
Summary of this report: Bank of Suzhou performed steadily, with the Q3 net interest margin dragging down revenue growth to negative, but net income maintained double-digit growth. After the increase in non-performing assets, efforts to dispose of them have intensified, and asset quality remains stable. The target price is raised to 8.8 yuan, maintaining shareholding.
Bank of Suzhou Q3 Profit Up 9%
bank of suzhou (002966): steady and excellent performance growth, looking forward to a more powerful interest rate spread.
Event: Bank of Suzhou disclosed the third quarter report of 2024, achieving revenue of 9.3 billion yuan in 9M24, a year-on-year increase of 1.1%, achieving a net income attributable to the parent of 4.2 billion yuan, a year-on-year increase of 11.1%. The non-performing loan ratio remained flat quarter-on-quarter in 3Q24.
bank of suzhou releases third-quarter report for 2024: total assets exceed 670 billion, risk control foundation continues to be solid.
On the evening of October 30, 2024, bank of suzhou released the third quarter report of 2024. In the first three quarters of 2024, bank of suzhou has always adhered to the political and people-oriented nature of financial work, adhered to the corporate mission of "beautiful only for the people, and practical action", anchored the direction of three-year development global strategy planning, continuously enhanced the momentum of business development, constantly strengthened the institutional foundation, steadily improved the effectiveness of serving entities, and demonstrated the outstanding style of a modern urban commercial bank achieving self-improvement and serving the local community. The development has been steady and fruitful, with the scale and net income showing a good trend. Faced with the complex domestic and international economic and financial situation, bank of suzhou remains stable and steadfast, making steady progress.
Bank of Suzhou: Report for the third quarter of 2024
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