CITIC Bank 2024 net profit up 2.33% to $9.7b

China CITIC Bank reported a 2.33% year-on-year increase in net profit attributable to shareholders, reaching RMB 68.58 billion (approximately $9.7 billion USD) for 2024. Operating income rose 3.76% to RMB 213.65 billion. Total assets grew 5.28% to RMB 95.30 trillion, while owner's equity attributable to ordinary shareholders increased 13.61% to RMB 684.25 billion. The bank's non-performing loan ratio improved, declining 0.02 percentage points to 1.16%, with the provision coverage ratio increasing 1.84 percentage points to 209.43%. These figures are preliminary and unaudited, based on Chinese accounting standards. The final audited results will be published in the bank's 2024 annual report.