Summary by Futu AI
The Industrial and Commercial Bank of China (CBI) published a summary of its 2023 annual report on March 27, 2024. The report showed that the bank delivered solid operating results in 2023, with operating income of RMB840.7 billion, down slightly from the previous year, and net profit of RMB3651.16 billion, up 0.8 percent year-on-year. Total assets reached RMB 44.7 trillion, up 12.8% year-on-year. The ICBC proposes to pay a cash dividend of RMB3.064 per 10 shares (tax included) for 2023. In the report, the Bank highlighted support for the physical economy and progress in the areas of technology finance, green finance, universal finance, retirement finance, digital finance, and more. Looking ahead to 2024, the Bank of Commerce will continue to promote high-quality development and strive to be the mainstay of servicing the physical economy and maintaining financial stability.