Zhongyuan Bank (01216) announced its annual results for the year ended December 31, 2023, with operating income of 261.8...
According to the Zhitong Finance App, Zhongyuan Bank (01216) announced results for the year ended December 31, 2023, with operating income of 26.183 billion yuan (RMB, same below), up 2.2% year on year; net profit attributable to shareholders of RMB 3,221 billion, a decrease of 11.8% year on year; and earnings per share of 0.07 yuan.
Adhering to the working principle of “adhering to steady progress, adhering to integrity and innovation, adhering to customer-centricity, insisting on improving comprehensive competitive advantage, insisting on improving institutional mechanisms, adhering to changing work style, and adhering to party building leadership”, the bank actively explores markets, serves customers, prevents risks, creates profits, comprehensively deepens internal reforms, continuously optimizes the financial structure, and focuses on building differentiated competitive advantages. The foundation for high-quality development is constantly being consolidated. By the end of the reporting period, the bank's total assets were 1346.446 billion yuan, an increase of 19.710 billion yuan over the end of the previous year, an increase of 1.5%. The total amount of various loans (excluding accrued interest) was $707.462 billion, an increase of $23.387 billion, or 3.4%; deposit balances (excluding accrued interest) amounted to $837.522 billion, an increase of $10.202 billion over the end of the previous year, an increase of 1.2%. It achieved operating income of 26.183 billion yuan, an increase of 572 million yuan over the previous year, an increase of 2.2%, achieved net profit of 3.206 billion yuan, a non-performing loan ratio of 2.04%, provision coverage of 154.06%, and a loan provision ratio of 3.15%. The core Tier 1 capital adequacy ratio, and Tier 1 capital adequacy ratio are 8.10%, 10.44%, and 11.64% respectively, all of which meet regulatory requirements.