On March 28, Ge Longhui | Bank of China (03988.HK) announced that in 2023, the Group achieved after-tax profit of 246.371 billion yuan, an increase of 9.646 billion yuan, an increase of 4.07%; the Bank's shareholders' after-tax profit was 231.904 billion yuan, an increase of 5.38% over the previous year. Average return on total assets (ROA) 0.80%, return on net assets (ROE) 10.12%.
By the end of 2023, the Group's total assets and liabilities reached 32.43 trillion yuan and 29.68 trillion yuan respectively, up 12.25% and 12.70%; operating income of 624.138 billion yuan, up 6.42%; the non-performing loan ratio was 1.27%, a decrease of 0.05 percentage points; and the capital adequacy ratio reached 17.74%, an increase of 0.22 percentage points. The board of directors recommended an annual cash dividend of 2.364 yuan for every 10 shares, with a dividend ratio of 30%.