AGRICULTURAL BANK OF CHINA(601288) 每日经济新闻·2025-04-03 10:50Core Viewpoint - Agricultural Bank of China achieved a net profit of 282.7 billion yuan in 2024, marking a year-on-year growth of over 4.8%, indicating strong performance and potential for continued growth in the coming years [1][3][2] Financial Performance - The bank's operating income for 2024 reached 711.4 billion yuan, a 2.3% increase from the previous year, with net interest income at 580.7 billion yuan, up 1.6% [3][4] - The total dividend payout for 2024 amounted to 84.66 billion yuan, with a proposed cash dividend of 1.255 yuan per 10 shares [2][5] Asset Quality - As of the end of 2024, the non-performing loan (NPL) ratio was 1.30%, a decrease of 3 basis points from the previous year, while the coverage ratio stood at 299.61%, indicating strong risk mitigation capabilities [5][6] - The bank's capital adequacy ratio improved to 18.19%, up 1.05 percentage points year-on-year, with the core Tier 1 capital ratio at 11.42%, an increase of 0.70 percentage points [5] Strategic Focus for 2025 - The bank plans to enhance rural financial services and implement proactive macro policies to support growth, while maintaining a strong focus on risk management [2][7] - Key areas of focus include optimizing the credit structure, enhancing non-interest income, and maintaining asset quality stability [6][8] Growth Opportunities - The bank aims to leverage economic recovery and macro policy implementation to identify new growth points, particularly in rural revitalization and green transformation [7][8] - Recent data indicates strong growth in various loan categories, including a significant increase in inclusive loans and personal loans, positioning the bank favorably within the industry [7]