Earnings Call Summary | CHINA MERCHANTS BK(CIHKY.US) Q4 2023 Earnings Conference
Earnings Call Summary | CHINA MERCHANTS BK(CIHKY.US) Q4 2023 Earnings Conference
The following is a summary of the China Merchants Bank Co., Ltd. (CIHKY) Q4 2023 Earnings Call Transcript:
以下是招商银行股份有限公司（CIHKY）2023年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
China Merchants Bank reported a net operating income of RMB9 billion, a decline of 1.64% year-on-year.
Net profit attributable to shareholders rose by 6.22%, totaling RMB146.6 billion.
Net interest income declined by 1.63% year-on-year, at RMB214.6 billion.
The total customer deposits increased by 8.22% compared to the previous year, reaching RMB8.16 trillion.
The bank's NPL ratio went up by 1.02% to 5.01%, while the special mentioned loan ratio decreased by 1.44% to 4.7%.
In 2023, corporate loan growth was 9%, retail loan growth was 8%, leading to an overall loan growth of 7-8%.
招商银行公布的净营业收入为人民币90亿元，同比下降1.64％。
归属于股东的净利润增长了6.22％，总额为人民币1466亿元。
净利息收入同比下降1.63％，为人民币2146亿元。
客户存款总额与上年相比增长了8.22％，达到人民币8.16万亿元。
该银行的不良贷款比率上升了1.02％，至5.01％，而特别提及的贷款比率下降了1.44％，至4.7％。
2023年，公司贷款增长9％，零售贷款增长8％，整体贷款增长7-8％。
Business Progress:
业务进展：
The bank is strategizing to build a value bank, optimizing capital-heavy business and capital-light business, while enhancing work management and fintech capabilities.
The bank is focusing on enriching its digital finance strategies with AI at the core.
In 2024, China Merchants Bank's performance will be driven by strengths in wealth management, fintech, and risk management.
The bank has continued to strengthen its retail banking and is working towards developing other sectors to create new growth points.
Strategic focus is on managing risks associated with the real estate sector and maintaining the asset quality of the bank.
The bank aims to maintain stable growth and accelerate its investments in key regions like the Pearl River Delta, Bohai area, and high sea area.
Aiming to maintain the quality of its assets, the bank is leveraging AI to enhance its operational efficiency while transforming into a leading digital bank.
An organizational structure change with departments such as Inclusive Finance and Cross-border Finance has been put into place.
该银行正在制定战略，以建立价值银行，优化资本密集型业务和轻资本业务，同时增强工作管理和金融科技能力。
该银行正专注于以人工智能为核心丰富其数字金融战略。
2024年，招商银行的业绩将由财富管理、金融科技和风险管理方面的优势驱动。
该银行继续加强其零售银行业务，并正在努力发展其他行业以创造新的增长点。
战略重点是管理与房地产行业相关的风险和维持银行的资产质量。
该银行旨在保持稳定增长，加快对珠江三角洲、渤海地区和公海地区等关键地区的投资。
为了保持其资产质量，该银行正在利用人工智能来提高其运营效率，同时转型为领先的数字银行。
已经进行了组织结构变革，包括普惠金融和跨境金融等部门。
More details: CHINA MERCHANTS BK IR
更多详情： 中国招商局 BK IR
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