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Express News | The US dollar deposit interest rates of urban commercial banks have plunged from the "4% range" to the "2% range."
Research Reports mining丨HAITONG SEC: Maintains the Bank Of Nanjing "Outperform Market" rating, Target Price 11.34 yuan.
On February 11, Gelonghui reported that HAITONG SEC's Research Reports pointed out that the Net income of Bank Of Nanjing (601009.SH) in Q4 2024 increased by 9.2%. The overall asset quality remains stable, maintaining a rating of "better than the market." The report shows that the non-performing loan ratio of Bank Of Nanjing in Q4 2024 is 0.83%, remaining stable for four consecutive quarters, and the overall asset quality remains at a relatively high level. By the end of 2024, the total Assets of Bank Of Nanjing reached 2,591.402 billion yuan, a year-on-year increase of 13.25%. The loan balance at the end of 2024 increased by 14.31% year-on-year. According to the PB-ROE model, a PB valuation of 0 is given for the company in 2024E.
Bank Of Nanjing (601009): Q4 revenue increases significantly, overall stability in asset quality.
Investment highlights: In the fourth quarter of 2024, the Bank Of Nanjing's single-quarter revenue grew by 23.7% year-on-year, an increase of 15.3 percentage points compared to the year-on-year growth rate of the first three quarters of 2024. The net income attributable to shareholders for the fourth quarter of 2024 grew by 9.2%. The overall asset quality remains stable.
Express News | Sealand has resumed tracking the Bank Of Nanjing, rating it as a buy.
Bank of Nanjing's 2024 Profit Rises 9%
Bank of Nanjing Co., Ltd. 2024 Annual Results Express Announcement