Factors such as fluctuations in the capital market drive an increase in non-interest income
On October 30th, China Construction Bank (CCB) released its third-quarter report, which showed that from January to September 30, 2024, CCB achieved a net profit of 257.112 billion yuan, with a net profit attributable to shareholders of 255.776 billion yuan, representing a year-on-year increase of 0.65% and 0.13%, respectively.
Additionally, during the same period, CCB achieved operating income exceeding 569 billion yuan, a slight decrease of 3.3% compared to the same period last year; the annualized average return on assets was 0.87%, and the annualized weighted average return on equity reached 11.03%, performing relatively well among large banks.
Specifically, looking at the breakdown, CCB's non-interest income growth from January to September was significantly higher than that of interest income. Among them, net interest income was 440.817 billion yuan, a decrease of 5.89% compared to the same period last year. Non-interest income was 128.205 billion yuan, an increase of 6.82% year-on-year. The latter was mainly influenced by exchange rate and capital market fluctuations, with other non-interest income increasing year-on-year.
In terms of assets, as of September 30, 2024, CCB's total assets reached 40.92 trillion yuan, an increase of 2.6 trillion yuan compared to the end of last year, growing by 6.78%. The total amount of loans and advances was 25.75 trillion yuan, an increase of 1.89 trillion yuan compared to the end of last year, growing by 7.92%; financial investments reached 10.38 trillion yuan, an increase of 744.58 billion yuan compared to the end of last year, growing by 7.73%.
