BUZZ-Bank of Qingdao's H-shares near 2-year peak on full-year profit surge

Reuters02-11

** Hong Kong shares of Bank of Qingdao 3866.HK jump 4.3% to HK$3.16, highest since March 2023

** Stock on track for biggest one-day pct gain since October 18, 2024

** Chinese bank posts 20.2% y/y rise in 2024 net profit; operating income up 8.2% y/y

** Says its asset quality improved steadily with non-performing loan ratio at 1.14% at the end of 2024, representing a drop of 0.04 percentage point from a year ago

** Bank's Shenzhen-listed stock 002948.SZ rises 4.9% to 4.07 yuan; set for biggest one-day pct gain since September 30, 2024

** Hong Kong stock jumped 50.5% last year; Shenzhen shares added 27.2%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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