Bank of China ( (BACHY) ) has released its Q4 earnings. Here is a breakdown of the information Bank of China presented to its investors.
Bank of China Limited, the oldest continuously operating bank in China, offers a wide range of financial services in both local and foreign currencies, with a strong global presence and a focus on technology, green finance, and international trade. In its 2024 annual report, Bank of China highlighted a steady increase in assets and liabilities, reaching over RMB35 trillion and RMB32 trillion respectively, alongside a modest rise in operating income and after-tax profit. The bank’s non-performing loan ratio improved slightly, and it maintained a strong position in overseas commercial banking operations. Key financial metrics included a 1.38% rise in operating income to RMB632.8 billion and a 2.58% increase in profit after tax to RMB252.7 billion. The bank also reported a decrease in its non-performing loan ratio to 1.25% and a proposed final dividend of RMB1.216 per 10 shares. Looking ahead, Bank of China aims to focus on core business areas, support domestic demand, and enhance its global network, while maintaining a strong emphasis on risk management and compliance.