Ping An Bank announces 2024 annual report summary

Ping An Insurance (Group) Company of China, Ltd. has released the 2024 annual report summary of its subsidiary, Ping An Bank. The bank reported operating income of RMB 146.695 billion and net profit attributable to shareholders of RMB 44.508 billion. As of December 31, 2024, total assets reached RMB 5.769 trillion. The non-performing loan ratio remained stable at 1.06%, with a provision coverage ratio of 250.71%. The bank proposes a cash dividend of RMB 6.08 per 10 shares. The announcement highlights Ping An Bank's focus on technology, green, inclusive, pension, and digital finance, as well as its support for household consumption and private enterprises. The bank continues to strengthen financial risk prevention and control while promoting high-quality development. The full annual report is available on the Shenzhen Stock Exchange website.