Bank of China Class H ( (BACHF) ) has released its Q4 earnings. Here is a breakdown of the information Bank of China Class H presented to its investors.
Bank of China Limited, the oldest continuously operating bank in China, offers a comprehensive range of financial services, including corporate and personal banking, investment banking, and asset management, with a strong international presence in 64 countries and regions. In its 2024 annual report, Bank of China highlighted a steady increase in both assets and liabilities, reaching over RMB35 trillion and RMB32 trillion, respectively, with operating income rising by 1.38% to RMB632.8 billion and after-tax profit increasing by 2.58% to RMB252.7 billion. The bank’s non-performing loan ratio improved slightly to 1.25%, and it maintained a strong capital adequacy ratio of 18.76%. Key strategic initiatives included significant growth in RMB loans, particularly in consumer goods and equipment renewal, and a focus on green finance and technology sectors, with RMB1.91 trillion in credit provided to tech companies. Looking ahead, Bank of China aims to continue supporting China’s economic development through targeted financial services, enhancing its global network, and reinforcing risk management to ensure financial stability and sustainable growth.