Industrial bank approves strategic initiatives and shareholder returns

Industrial Bank (SSE:601166) has announced the resolutions from its eleventh board of directors' ninth meeting, highlighting a commitment to strategic growth and shareholder returns. The board approved the 2025 "Quality Improvement, Efficiency Enhancement, and Return to Shareholders" action plan, building upon the 2024 plan's positive progress. The bank aims to fortify its asset and liability structure, expand its fee-based income, and continue to improve risk controls. The bank reported a deposit interest rate of 1.79% at the end of Q1 2025. A key focus remains on supporting "Five Major Articles", aligning with national strategic priorities. The board also reviewed and approved reports on comprehensive risk management and credit loss model updates, demonstrating a focus on prudent financial practices. Further solidifying its commitment to shareholder value, the board approved adjustments to the review process for related-party transactions involving directors, supervisors, and senior management. Finally, the board approved the write-off of irrecoverable debts exceeding CNY 300 million. Industrial Bank remains dedicated to building a robust governance framework to protect shareholder rights, with a focus on maintaining transparent communication and consistent returns.