China Construction Bank Reports Steady Growth in 2024

China Construction Bank Corporation Class H ( (CICHF) ) has released its Q4 earnings. Here is a breakdown of the information China Construction Bank Corporation Class H presented to its investors.

China Construction Bank Corporation, headquartered in Beijing, is a leading large-scale commercial bank in China, providing comprehensive financial services across corporate finance, personal finance, and asset management, with a significant presence in green and digital finance sectors.

In its 2024 annual results, China Construction Bank Corporation reported a total asset increase to RMB40.57 trillion, marking a 5.86% growth from the previous year, while achieving a net profit of RMB336,282 million, reflecting a 1.15% increase. The bank also declared a final cash dividend of RMB0.206 per share, contributing to a total dividend of RMB0.403 per share for the year.

Key financial metrics revealed a robust performance with net loans and advances to customers rising by 8.48% to RMB25.04 trillion, and an increase in green loans to RMB4.70 trillion, showcasing the bank’s commitment to sustainable finance. The bank also maintained a strong capital adequacy ratio of 19.69% and a return on average equity of 10.69%, despite a slight decline in net interest margin to 1.51%.

Looking forward, China Construction Bank Corporation aims to enhance its financial service supply, focusing on high-quality development and risk management. The bank plans to strengthen its support for national strategies, optimize its financial service systems, and bolster its international competitiveness, while maintaining a strong emphasis on risk prevention and sustainable growth.