Bank of Shanghai announces steady growth in 2024 results

Bank of Shanghai (SSE:601229) announced its preliminary financial results for 2024, reporting operating income of RMB 529.86 billion, a 4.79% increase year-over-year. Net profit attributable to shareholders reached RMB 235.60 billion, up by 4.50%. As of December 31, 2024, the bank's total assets stood at RMB 32,266.56 billion, a 4.57% increase. The non-performing loan ratio decreased to 1.18%, and the bank maintains a sufficient provision coverage ratio of 269.81%. The bank notes that the figures are preliminary and subject to audit.