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<Results> CITIC BANK (00998.HK) 1Q Net Profit RMB20.098 billion, Up 3% YoY
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CITIC BANK (00998.HK) announced its first-quarter results, with operating income of RMB54.661 billion, up 5.6% YoY. Net profit attributable to shareholders amounted to RMB20.098 billion, up 3% YoY, with EPS of RMB0.36. During the quarter, net interest income rose 1.7% YoY to RMB36.27 billion, while NIM stood at 1.61%, showing signs of stabilization. Net non-interest income increased 14.2% YoY to RMB18.391 billion, of which fee and commission income grew 5.1% YoY to RMB10.059 billion. As of end-March, total loans and advances reached RMB5.999503 trillion, up 2.3% from the beginning of the year. Non-performing loans totaled RMB68.745 billion, an increase of RMB1.529 billion from the beginning of the year, while the non-performing loan ratio remained at 1.15%. The provision coverage ratio was 202.45%, down 1.16 ppts, and the loan provision ratio was 2.32%, down 0.01 ppts. (de/d) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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