Bank of Nanjing reports profit increase, plans dividend distribution

Bank of Nanjing reported a robust financial performance for 2024, marked by a 9.05% year-over-year increase in net profit attributable to shareholders, reaching CNY 20.18 billion. The company's board has proposed a final dividend of CNY 2.1176 per 10 shares, amounting to CNY 2.34 billion. Combining this with the previously distributed interim dividend of CNY 3.71 billion, the total cash dividend for 2024 is CNY 6.05 billion, representing 30% of the net profit. This distribution is subject to approval at the upcoming annual general meeting. The positive results were fueled by total revenue of CNY 50.27 billion, up 11.32% year-over-year. As of year-end, total assets reached CNY 2.59 trillion, a 13.25% increase from 2023. The bank plans to hold its annual general meeting to discuss key matters and has nominated Chen Yunjiang as a candidate for director.