Financial Performance - As of the end of 2024, the total assets of Tianjin Bank amounted to RMB 925.99 billion, an increase of 10.1% compared to the previous year[7] - The total liabilities reached RMB 856.58 billion, reflecting a growth of 10.4% year-on-year[7] - Operating income for the year was RMB 16.71 billion, representing a year-on-year increase of 1.5%[7] - The total profit amounted to RMB 4.20 billion, which is a 7.2% increase compared to the previous year[7] - Net profit for the year was RMB 3.83 billion, showing a year-on-year growth of 1.6%[7] - Interest income for 2024 was RMB 30,985,203, a decrease of 0.7% compared to RMB 31,212,336 in 2023[40] - Net interest income decreased by 0.9% to RMB 11,314,309 from RMB 11,420,370 in 2023[40] - Investment income fell by 11.1% to RMB 2,601,463 from RMB 2,926,224 in 2023[40] - The bank's net interest margin decreased from 1.75% to 1.55%, and net interest yield fell from 1.65% to 1.47%[73] - The cost-to-income ratio (excluding taxes and surcharges) rose to 28.23%, an increase of 0.55 percentage points year-on-year[102] Market Position and Recognition - Tianjin Bank ranked 186th in the 2024 Global Bank Rankings by The Banker, improving by 5 positions from the previous year[6] - The bank was recognized as the top underwriter for credit bonds in Tianjin and ranked fourth nationally for asset-backed securities underwriting among city commercial banks[6] - The bank's social influence has increased, being selected for the State-owned Assets Supervision and Administration Commission's "Top 100 Social Responsibility Index (2024)" at 48th nationally and 3rd in Tianjin[6] - The company ranked 186th in the "Top 1000 World Banks" by The Banker magazine, improving by 5 places year-on-year[26] - The company received 134 external honors, including the "Financial Technology Development Award" from the People's Bank of China[54] Strategic Initiatives and Innovations - The bank aims to enhance its core competitiveness and service capabilities through strategic opportunities in the Beijing-Tianjin-Hebei coordinated development[13] - The company signed a strategic cooperation agreement with iFlytek on November 13, enhancing its technological capabilities[20] - The company established the "Tianjin Bank Postdoctoral Innovation and Entrepreneurship Fund" on December 24 to support innovation[24] - The company launched the "Smart Inclusive Finance" product, focusing on digital inclusive finance, with over 11 million daily transactions in the Tianjin area, enhancing urban economic activity[56] - The company plans to deepen reforms and enhance its "research gene" and "technology gene" to drive sustainable development and high-quality economic growth by 2025[59] Customer and Loan Growth - Customer loans and advances rose by 11.3% to RMB 440,779,383 from RMB 396,009,202 in 2023[43] - The bank's total customer loans and advances increased by 21.9% year-on-year, with corporate loans reaching RMB 333.99 billion[192] - The bank's personal banking revenue decreased by 18.0% year-on-year, totaling RMB 43.564 billion[191] - The bank's retail business saw a 19.2% increase in personal deposit scale compared to the beginning of the year[67] - Customer deposits reached RMB 500.96 billion, up RMB 50.27 billion or 11.2% year-over-year, driven by enhanced deposit marketing efforts[145] Risk Management and Asset Quality - The non-performing loan ratio remained stable at 1.70%[45] - The bank's non-performing loan ratio and risk management capabilities have shown continuous improvement[50] - The impairment losses decreased to RMB 7.58 billion, a reduction of RMB 0.19 billion or 2.4% compared to the same period last year, due to improved asset recovery efforts[113] - The bank's loan impairment loss provision at the end of the reporting period was RMB 12.88 billion, an increase of RMB 1.44 billion or 12.5% compared to the previous year[187] - The overdue loans totaled RMB 12.689 billion, representing 2.80% of the total customer loans, which is an increase of 42.0% from the previous year[186] Community and Social Responsibility - The company conducted over 6,000 online and offline financial education activities throughout the year, promoting consumer rights protection[59] - The company is focused on expanding its market presence and enhancing its product matrix in smart tourism, smart living, and smart community sectors[56] - The company deepened cooperation with local governments and institutions to support the development of elderly finance and digital healthcare systems[195] - The company was recognized as a "Pioneer in Social Responsibility" by the State-owned Assets Supervision and Administration Commission, ranking 48th[26] - The company’s credit commitments increased significantly to RMB 100.2 million, a rise of RMB 236.8 million or 173.4% compared to the previous year[112]
天津银行(01578) - 2024 - 年度财报