Industrial Bank boosts affiliate transaction limit, approves 2025 interim dividend
Industrial Bank Co., Ltd. announced the approval of a RMB42.967 billion related transaction limit for Fujian Investment & Development Group Co., Ltd., effective for three years. This includes RMB13 billion for credit-related transactions and RMB29.967 billion for non-credit-related transactions, such as service fees, asset transfers, and deposits. The previous limit was RMB37.241 billion, indicating an increase in the approved transaction volume.
Concurrently, Industrial Bank's board approved a 2025 interim cash dividend of RMB0.565 per 10 shares (tax inclusive) to common shareholders. This dividend totals RMB11.957 billion based on the common share capital as of June 30, 2025, representing 27.72% of the net profit attributable to parent company shareholders for the first half of 2025.
The board also passed resolutions on its third-quarter report for 2025, capital management, and revisions to internal policies, with all decisions showing unanimous support or, in the case of the affiliate transaction, a majority vote. These actions underscore the bank's continued operational management and shareholder returns.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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