China Everbright Bank Co Class H ( (CEBCF) ) has released its Q4 earnings. Here is a breakdown of the information China Everbright Bank Co Class H presented to its investors.
China Everbright Bank Co., a national joint-stock commercial bank headquartered in Beijing, operates in the financial services sector, providing a wide range of banking services across China and internationally. The bank is known for its comprehensive financial service system and commitment to high-quality development.
In its 2024 earnings report, China Everbright Bank highlighted a modest increase in net profit attributable to shareholders, reaching RMB41,696 million, marking a 2.22% year-on-year growth. The bank’s total assets rose to RMB6.96 trillion, reflecting a 2.75% increase from the previous year, while its capital adequacy ratios improved, indicating a stable financial position.
Key financial metrics revealed a decline in net interest income by 10.06% and net fee and commission income by 19.52%, contributing to a 6.96% decrease in operating income. Despite these challenges, the bank maintained a stable non-performing loan ratio at 1.25% and improved its provision coverage ratio slightly to 180.59%. The bank also emphasized its strategic focus on technology, green, inclusive, pension, and digital finance, with significant loan growth in these areas.
Looking ahead, China Everbright Bank remains optimistic about China’s economic prospects, emphasizing its commitment to high-quality development and risk management. The bank plans to enhance its core competitiveness through technological empowerment and strategic initiatives, aiming to support China’s modernization efforts and achieve sustainable growth.