China CITIC Bank (00998) announced 2024 results, net profit of about 68.576 billion yuan, a year-on-year increase of 2.33%, and plans to distribute 1.722 yuan for every 10 shares

According to the Zhitong Finance App, China CITIC Bank (00998) announced its 2024 results, with operating revenue of 213.223 billion yuan, an increase of 3.72%; of these, it achieved net interest income of 146.679 billion yuan, an increase of 2.19% over the previous year, and achieved net non-interest income of 66.544 billion yuan, an increase of 7.28% over the previous year. Net profit attributable to the bank's shareholders was about 68.576 billion yuan, an increase of 2.33% over the previous year. Basic earnings per share are $1.22, and it is proposed to pay a cash dividend of $1.722 for every 10 shares.

By the end of the reporting period, the Group's non-performing loan balance was 66.485 billion yuan, up 2.60%; the non-performing loan ratio was 1.16%, down 0.02 percentage points from the end of the previous year; the provision coverage rate was 209.43%, up 1.84 percentage points from the end of the previous year.

As of the end of the reporting period, the Group's total assets were $95,32.72 billion, up 5.31% from the end of the previous year; total loans and advances (excluding accrued interest) were $57,201,028 billion, up 4.03% from the end of the previous year; total customer deposits (excluding accrued interest) were $57,78,231 million, up 7.04% from the end of the previous year. During the reporting period, the Group increased its services to the real economy. The growth rate of green credit, strategic innovation, medium- to long-term manufacturing, inclusive finance, and agricultural loans were all higher than the overall loan growth rate.