Bank of China released its first quarter report: a profit of 86.8 billion yuan in the first quarter, a slight decrease year-on-year

On the evening of April 29th, China Construction Bank disclosed its first-quarter report.

The quarterly report shows that as of March 31, 2024, the total assets of China Construction Bank were 39.73 trillion yuan, an increase of 3.66%. The total liabilities were 36.47 trillion yuan, an increase of 3.74%.

In the first quarter of 2024, China Construction Bank achieved operating income of 2009.28 billion yuan, a year-on-year decrease of 2.97%; net profit attributable to the bank's shareholders was 868.17 billion yuan, a decrease of 2.17% from the same period last year.

In the first quarter of 2024, China Construction Bank's annualized return on average assets was 0.89%, and the annualized weighted average return on net assets was 11.59%, maintaining a competitive level in the industry.

As of the end of the first quarter, China Construction Bank's capital adequacy ratio was 19.34%, Tier 1 capital adequacy ratio was 15.04%, and core Tier 1 capital adequacy ratio was 14.11%, continuously meeting regulatory requirements. The non-performing loan ratio was 1.36%, with a provision coverage ratio of 238.17%, and asset quality remained stable