ICBC(601398) 犀牛财经·2025-04-03 11:36Core Insights - In 2024, the Industrial and Commercial Bank of China (ICBC) reported a net interest income of 637.405 billion RMB, a decrease of 17.608 billion RMB or 2.7% year-on-year, accounting for 77.6% of total operating income [1] - The bank's total assets reached 48,821.746 billion RMB by the end of 2024, an increase of 4,124.667 billion RMB or 9.2% year-on-year [2] - ICBC's net profit for 2024 was 366.946 billion RMB, reflecting a slight increase of 0.5% compared to the previous year [3] Financial Performance - The total operating income for ICBC in 2024 was 821.803 billion RMB, down 2.5% from 843.070 billion RMB in 2023 [1][3] - Non-interest income was reported at 184.398 billion RMB, a decrease of 3.659 billion RMB or 1.9% year-on-year, making up 22.4% of total operating income [1] - The bank's operating profit remained stable at 420.885 billion RMB, with a pre-tax profit of 421.827 billion RMB [1] Asset Quality - The non-performing loan (NPL) ratio stood at 1.34% at the end of 2024, a decrease of 2 basis points from the end of 2023 [2] - Total non-performing loans amounted to 3,794.58 billion RMB, an increase of 259.56 billion RMB year-on-year [2] - The provision coverage ratio improved to 214.91%, up 0.94 percentage points year-on-year [2] Customer and Asset Management - The number of private banking clients increased to 289,000, a growth of 26,000 clients or 9.9% year-on-year [2] - Managed assets in private banking reached 3.47 trillion RMB, reflecting a year-on-year growth of 13.2% [2] Dividends - ICBC plans to distribute a total dividend of approximately 586.64 billion RMB at the end of the year, with a proposed payout of 1.646 RMB per share (including tax) [3]