Everbright Bank (601818.SH) announces semi-annual results, net profit of 24.487 billion yuan, up 1.72% year-on-year

According to the Zhitong Finance App, Everbright Bank (601818.SH) disclosed its 2024 semi-annual report. The group achieved operating income of 69.808 billion yuan (RMB, same below) during the reporting period, a year-on-year decrease of 8.77%. Net profit attributable to the Bank's shareholders was 24.487 billion yuan, an increase of 1.72% over the previous year. Net profit attributable to the Bank's shareholders after deducting non-recurring profit and loss was 24.448 billion yuan, an increase of 1.79% over the previous year. Basic earnings per share were 0.37 yuan/share.

At the end of the reporting period, the Group's total assets were $67,96.694 billion, up 0.35% from the end of the previous year; the total principal amount of loans and advances was $38,934.44 billion, an increase of 106.49 billion yuan over the end of the previous year, an increase of 2.81%; and a deposit balance of $39,19.764 billion, a decrease of 4.27% from the end of the previous year.

During the reporting period, the group achieved revenue of 69.808 billion yuan, a year-on-year decrease of 8.77%, and 0.85 percentage points narrower than the first quarter. Among them, net interest income was $48.111 billion, down 12.10% year on year; net income from handling fees and commissions was 10.533 billion yuan, down 21.66% year on year; other revenue was 11.164 billion yuan, up 33.83% year on year. Net profit of 24.610 billion yuan was achieved, up 1.61% year on year, 1.28 percentage points faster than the first quarter.

At the end of the reporting period, the group's non-performing loan balance was 48.769 billion yuan, an increase of 1,293 billion yuan over the end of the previous year; the non-performing loan ratio was 1.25%, the same as at the end of the previous year; the provision coverage rate was 172.45%, down 8.82 percentage points from the end of the previous year. The loan ratio was 2.16%, down 0.11 percentage points from the end of the previous year.