2 1 Shi Ji Jing Ji Bao Dao·2025-03-27 10:59Core Viewpoint - CITIC Bank reported strong performance in 2024, achieving "double growth" in revenue and net profit, while maintaining stable asset quality and optimizing its asset and liability structure [1][2]. Revenue and Profit Growth - In 2024, CITIC Bank achieved operating revenue of 213.646 billion yuan, a year-on-year increase of 3.76%. Net interest income was 146.679 billion yuan, up 2.19%, with a net interest margin of 1.77%, outperforming the market for three consecutive years [1][2]. - Non-interest income reached 66.967 billion yuan, growing 7.39% year-on-year, marking five consecutive years of positive growth, with a non-interest income ratio of 31.34%, up 1.05 percentage points year-on-year [1]. Asset Quality and Provisioning - CITIC Bank's non-performing loan (NPL) balance was 66.485 billion yuan, an increase of 1.685 billion yuan (2.60%) year-on-year, with an NPL ratio of 1.16%, down 0.02 percentage points, achieving six consecutive years of decline [3]. - The provision coverage ratio improved by 1.84 percentage points to 209.43%, continuing an upward trend for four years. The new NPL ratio decreased by 0.06 percentage points to 1.48% [3]. Asset and Liability Structure - CITIC Bank's total assets exceeded 9.5 trillion yuan, reaching 95,327.22 billion yuan, a 5.31% increase year-on-year. Total loans and advances were 57,201.28 billion yuan, up 4.03%, and customer deposits totaled 57,782.31 billion yuan, increasing by 7.04% [4]. - The bank optimized its asset and liability structure, with general loans increasing by 0.27 percentage points to 55.29%, while discount loans decreased by 1.54 percentage points to 7.87% [4]. Future Strategy - For 2025, CITIC Bank plans to maintain moderate growth in asset allocation, focusing on structural optimization. The credit growth target is set at 330 billion yuan, with a 5.9% increase, including 270 billion yuan for corporate credit and 120 billion yuan for retail business [4][5]. - The bank aims to enhance its digital risk control capabilities and adjust its business structure to capture market opportunities, reducing low-yield assets while increasing high-yield credit bond allocations [5].