Bank of China reported operating income of CNY 478.348 billion for the first three quarters of 2024, a year-on-year increase of 1.64%; net profit was CNY 187.489 billion, a year-on-year increase of 0.53%. Non-interest income grew by 49.88% year-on-year, accounting for 29.76% of operating income. Net interest income was CNY 335.997 billion, a year-on-year decrease of 4.81%. As of the end of September, total assets approached CNY 34.07 trillion, with liabilities nearing CNY 31.2 trillion
The third quarterly report of the six major state-owned banks: how much effort has been made?
On October 30, Bank of China disclosed its third quarterly report. The report shows that in the first three quarters of 2024, Bank of China achieved operating income of CNY 478.348 billion, a year-on-year increase of 1.64%; net profit reached CNY 187.489 billion, with net profit attributable to the parent company's owners at CNY 175.763 billion, representing year-on-year growth of 0.53% and 0.52%, respectively.
Among them, Bank of China's average return on total assets (ROA) is 0.75%, and return on equity (ROE) is 9.55%. The core tier one capital adequacy ratio is 12.23%, the tier one capital adequacy ratio is 14.36%, and the total capital adequacy ratio is 19.01%.
During this period, the growth rate of non-interest income significantly exceeded that of net interest income. In the third quarterly report, Bank of China achieved net interest income of CNY 335.997 billion, a year-on-year decrease of 4.81%. The net interest margin is 1.41%. Non-interest income reached CNY 142.351 billion, a year-on-year increase of 20.99%.
The proportion of non-interest income in Bank of China's operating income is 29.76%, and this proportion is still increasing.
Among them, net fee and commission income is CNY 60.693 billion, a year-on-year decrease of CNY 2.480 billion, down 3.93%; other non-interest income totaled CNY 81.658 billion, a year-on-year increase of CNY 27.177 billion, up 49.88%.
As of the end of September, Bank of China's total assets approached CNY 34.07 trillion, an increase of over CNY 1.6 trillion compared to the end of the previous year, a growth of 5.05%. Total liabilities approached CNY 31.2 trillion, an increase of CNY 1.5 trillion compared to the end of the previous year, a growth of 5.12%