China Everbright Bank boosts shareholder returns despite profit dip

China Everbright Bank (CEB) has proposed a final cash dividend of RMB 0.85 per 10 shares for 2024, bringing the total dividend for the year to RMB 1.89 per 10 shares, according to its newly released annual report. This distribution, subject to shareholder approval, represents 26.78% of the bank's net profit attributable to shareholders and 30.14% of net profit attributable to common shareholders, signaling a commitment to shareholder returns despite a challenging financial landscape.