Gelonghui, March 20 | Bank of Tianjin (01578.HK) announced that as of the end of the reporting period, the Bank's total assets were RMB 840.77 billion, up 10.5% from the end of the previous year. The loan balance was RMB 396.01 billion, up 17.4% from the end of the previous year. In 2023, we achieved operating income of RMB 16.46 billion, an increase of 4.4% year on year; profit before provision was RMB 11.69 billion, up 3.1% year on year; under the premise of a 3.3% increase year on year, net profit of RMB 3.77 billion was realized, an increase of 5.7% year on year.
The Board of Directors has proposed payment of the final dividend of RMB 1.2 (tax included) for each 10 shares in cash for the year ended 31 December 2023, for a total payment of approximately RMB 728.47 million.
Fight against chemical risk and consolidate the foundation for sustainable development. By the end of the reporting period, the non-performing loan ratio was 1.70%, down 0.14 percentage points from the end of the previous year; the provision coverage rate was 167.86%, an increase of 8.59 percentage points over the end of the previous year. Fight the revenue battle and seek benefits from three amounts to achieve interest income of RMB 31.21 billion, an increase of 2.7% year on year; investment income of RMB 2.93 billion, up 84.6% year on year; and net spread of 1.75%, up 0.02 percentage points year on year. Fight the cost war and enhance core competitiveness. The customer deposit interest rate was 2.89%, down 0.07 percentage points from the previous year. Fight the deposit battle to effectively guarantee liquidity security and loan investment capacity. Under the premise of effectively reducing high-cost deposits, the bank's deposit balance was RMB 450.69 billion, up 13.3% from the end of the previous year. Among them, the company's deposit balance was RMB 263.55 billion, up 6.5% from the end of the previous year, and the personal deposit balance was RMB 165.80 billion, up 18.4% from the end of the previous year. Combating litigation and maintaining brand reputation and asset safety, the number of cases completed by the bank increased by 129.4% over the same period last year.