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中信银行去年营收净利双增!零售业务“失色” 利润下滑四成
Nan Fang Du Shi Bao·2025-03-26 13:44

Core Viewpoint - CITIC Bank reported a year-on-year increase in both revenue and net profit for 2024, but its retail banking segment showed significant declines, raising concerns about its strategic transformation efforts [3][10]. Financial Performance - CITIC Bank achieved operating revenue of 213.65 billion yuan, a growth of 3.76% year-on-year [3]. - The net profit attributable to shareholders was 68.58 billion yuan, reflecting a 2.33% increase compared to the previous year [3]. - The net interest margin was 1.77%, down by 1 basis point from the previous year, but the decline was less severe than in prior years [5]. Retail Banking Segment - The retail banking segment's pre-tax profit fell by over 40%, with revenue decreasing by 0.86% [10]. - The revenue contribution from retail banking remains below the 50% target set three years ago, currently at 40.1% [12][13]. - The bank's retail banking pre-tax profit has dropped significantly from 227.04 million yuan in 2021 to 92.3 million yuan in 2024, a cumulative decline of 60% [11]. Asset Quality - As of the end of the reporting period, the non-performing loan (NPL) balance was 66.49 billion yuan, an increase of 2.60% year-on-year [6][7]. - The NPL ratio improved to 1.16%, down by 0.02 percentage points from the previous year [7]. - The provision coverage ratio increased to 209.43%, up by 1.84 percentage points year-on-year [6]. Business Segmentation - The corporate banking segment saw revenue and pre-tax profit growth of 4.02% and 18.92%, respectively [10]. - The financial markets segment also experienced growth, with revenue and pre-tax profit increasing by 23.07% and 37.65% [10]. - The retail banking segment's performance contrasts sharply with the growth seen in corporate and financial market segments [10]. Strategic Outlook - The bank's chairman emphasized the importance of a "light" transformation strategy focusing on efficiency and sustainable development [14]. - The goal remains to enhance the contribution of retail revenue to over 50%, a target that has not yet been achieved [13].