Gelonghui, April 29 | Bank of China (03988.HK) announced that in the first quarter of 2024, the Group achieved after-tax profit of 59,973 billion yuan, and realized the Bank's shareholders' after-tax profit of 55.989 billion yuan, a year-on-year decrease of 2.84% and 2.90%, respectively. Average return on total assets (ROA) of 0.73%, return on net assets (ROE) of 9.86%. The core Tier 1 capital adequacy ratio is 12.02%, the Tier 1 capital adequacy ratio is 14.00%, and the capital adequacy ratio is 18.52%.
The Group achieved net interest income of $112,712 billion, a year-on-year decrease of $4.622 billion, or 3.94%. Net interest spread 1.44%. The Group achieved non-interest income of 48.326 billion yuan, a year-on-year decrease of 557 million yuan, or 1.14%.
At the end of March, the total assets of the Group were 33,659.046 billion yuan, an increase of 1,26,880 billion yuan over the end of the previous year, an increase of 3.78%. Total liabilities amounted to $308,74.854 billion, an increase of $1,199,503 billion over the end of the previous year, an increase of 4.04%.