Bank Performance and Rankings - Bank of China ranked 4th in the Global 1000 Banks list by The Banker and 49th in the Fortune Global 500 list[9]. - The bank aims to strengthen its global layout capabilities and improve market competitiveness as part of its strategic goals[3]. - The bank has received multiple awards, including the Best ESG Bank in China and recognition for its blockchain project[10]. Financial Performance - Net interest income for 2023 was RMB 466,545 million, an increase from RMB 459,266 million in 2022, representing a growth of 0.6%[14]. - Non-interest income rose to RMB 157,593 million in 2023, up 23.8% from RMB 127,195 million in 2022[14]. - Total operating income reached RMB 624,138 million, reflecting an increase of 6.4% compared to RMB 586,461 million in the previous year[14]. - The net profit attributable to shareholders was RMB 231,904 million, a rise of 2.0% from RMB 226,522 million in 2022[14]. - Basic earnings per share increased to RMB 0.74, compared to RMB 0.72 in the previous year, marking a growth of 2.8%[14]. Asset and Liability Management - Total assets increased to RMB 32,432,166 million, a growth of 12.0% from RMB 28,893,548 million in 2022[14]. - Customer loans amounted to RMB 19,961,779 million, up 13.7% from RMB 17,552,761 million in 2022[14]. - Customer deposits grew to RMB 22,907,050 million, an increase of 13.4% from RMB 20,201,825 million in 2022[14]. - The capital adequacy ratio stood at 17.74%, slightly up from 17.52% in the previous year[14]. Risk Management - The bank's focus on risk management and capital management is highlighted in its financial review[6]. - The company is facing risks from macroeconomic conditions and geopolitical changes, including credit risk and market price fluctuations[12]. - The bank has established a comprehensive risk control system to ensure stable operations and improve risk management capabilities in financial markets[127]. - The group is focused on enhancing credit risk management by optimizing credit structures and improving asset quality management to better support key sectors and the real economy[174]. Digital Transformation and Technology - The bank is committed to developing technology finance, green finance, and digital finance as part of its strategic initiatives[3]. - Monthly active users of mobile banking approached 90 million, indicating continuous optimization of mobile banking functions[25]. - The bank's technology line employed 14,541 staff, accounting for 4.74% of the total workforce, with a technology investment of CNY 22.397 billion, representing 3.60% of operating income[168][169]. Social Responsibility and Sustainability - The bank emphasizes the importance of serving the real economy and maintaining financial stability as its core mission[3]. - The bank's commitment to social responsibility is reflected in its various awards for green development and corporate social responsibility[10]. - The company aims to become the preferred bank for green financial services, optimizing its governance structure for green finance[84]. Customer Engagement and Services - The number of corporate online banking customers reached 8.19 million by the end of 2023, a growth of 13.31% year-on-year[101]. - The bank's personal financial business generated revenue of CNY 244.64 billion in 2023, an increase of 7.64% year-on-year[117]. - The bank's total individual customers in mainland China exceeded 525 million, marking a growth of 3.80% year-on-year[117]. International Expansion - Bank of China operates in 64 countries and regions, enhancing its global service network[2]. - The bank has expanded its global presence with new branches in Riyadh, Saudi Arabia, and a representative office in Papua New Guinea, covering 64 countries and regions[19]. - The bank's international settlement volume for the year was approximately USD 8 trillion[19]. Governance and Compliance - The bank's governance structure includes a board of directors and supervisory board to ensure compliance and effective management[5]. - The financial report for 2023 was audited by PwC and Deloitte, both issuing unqualified opinions[12]. - The bank has implemented a comprehensive internal control system, enhancing risk warning and prevention measures across all levels of management[200].
中国银行(03988) - 2023 - 年度财报