Bank of China reports steady 2024 earnings, expands global reach

Bank of China (SSE:601988) reported steady financial results for 2024, highlighting its global advantages and strategic focus. Net profit attributable to equity holders reached RMB 237.84 billion, up 2.56% year-over-year. The bank's total assets exceeded RMB 35 trillion, with a non-performing loan ratio of 1.25%. The board proposes a final dividend of RMB 1.216 per 10 shares. Key strategic initiatives included supporting technological innovation, green finance, and inclusive finance. The bank continued to expand its global network, operating in 64 countries and regions, with increased contribution from overseas commercial banking. BOC also highlighted its commitment to risk management and regulatory compliance.