Bank of China Hong Kong (02388) announced financial results for the first quarter of 2024. Net operating income before depreciation preparation was...
According to the Zhitong Finance App, BOCHK (02388) announced financial results for the first quarter of 2024. Net operating income before depreciation preparation was HK$17.793 billion, up 16.8% year on year and 5.4% month on month. Operating profit before depreciation preparation was HK$13.808 billion, up 21.5% year on year and 11.8% month on month.
As of March 31, 2024, the Group's total assets reached HK$3,902,015 billion, up 0.9% from the end of 2023, mainly due to increased customer loans, securities investment and other debt instruments. Total customer deposits amounted to HK$2,564.722 billion, up 2.4% from the end of 2023. Fixed-term, short-term and notification deposits increased, and savings deposits declined. The proportion of savings deposits was 44.2%, down 3.2 percentage points from the end of 2023. Total customer loans increased 1.7% from the end of 2023 to HK$1,731,630 million. The loan ratio for specific categories or impairment is 1.04%, which continues to be superior to the market average. The liquidity coverage ratio, stable net capital ratio, and capital ratio remained stable.