BRIEF-Bank Of China Posts FY Net Income RMB252,719 Million

Reuters03-26

March 26 (Reuters) - Bank of China Ltd 601988.SS:

  • FY OPERATING EXPENSES RMB 235,770 MILLION

  • FY NET FEE INCOME RMB 76,590 MILLION

  • FY NET INTEREST INCOME RMB 448,934 MILLION

  • FY NET INTEREST MARGIN 1.4%

  • FY NET INCOME RMB 252,719 MILLION

  • FY ROE 9.5%

  • FY NET INCOME ATTRIBUTABLE RMB 237,841 MILLION

  • AS AT FY END, COMMON EQUITY TIER 1 CAPITAL ADEQUACY RATIO 12.20%

  • IN 2025, RMB LOANS TO CUSTOMERS OF BANK'S OPERATIONS IN CHINESE MAINLAND ARE PROJECTED TO GROW BY APPROXIMATELY 10%

  • AS AT FY-END, NON PERFORMING LOANS TO TOTAL LOANS 1.25%

  • RECOMMENDED A FINAL DIVIDEND ON ORDINARY SHARES FOR 2024 OF RMB1.216 PER 10 SHARES

Further company coverage: 601988.SS

((Reuters.Briefs@thomsonreuters.com;;))

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