Bank of Hangzhou (600926) 1H24 Revenue Growth Expedited, Credit Expanded Steadily

Equity Research Report Bank of Hangzhou (600926 CH) 1H24 Revenue Growth Expedited, Credit Expanded Steadily Huatai Research Quick Take Rating (Maintain): OVERWEIGHT Target price (RMB): 14.42 12 August 2024 │ China (Mainland) Regional Banks 1H24 revenue growth gathered pace; credit expanded steadily On 25 July, the Bank of Hangzhou posted its preliminary interim results. For 1H24, revenue/attributable net profits rose 5.4/20.1% yoy, with the growth rate changing by +1.9/-1.0pp vs 1Q24. Revenue growth sped up ...