Bank of Chongqing net profit up 5.59% in 2024

Bank of Chongqing announced a 5.59% increase in net profit, reaching CNY 5.521 billion for the year 2024. The bank’s total assets grew by 12.73% to CNY 856.642 billion. Deposits increased by 14.30% to CNY 474.117 billion. Loans climbed by 12.13% to CNY 440.616 billion. The non-performing loan ratio improved to 1.25%, with an allowance coverage ratio of 245.08%. Basic earnings per share was CNY 1.38. The board proposes a cash dividend of CNY 0.414 per share. Looking ahead, the bank aims to further strategic goals and development transformation in 2025.