Summary by Futu AI
Bank of China released its 2024 interim report in September 2024. The report shows that the total assets reached 33,907.267 billion RMB, with total liabilities of 31,128.291 billion RMB. The revenue was 317.929 billion RMB, and the net profit reached 126.536 billion RMB. The capital adequacy ratio was 18.91%. In terms of governance and risk management, Bank of China reviewed the financial reports prepared in accordance with both Chinese accounting standards and International Financial Reporting Standards. In 2023, it distributed cash dividends to common shareholders without transferring the capital reserve funds to share capital. It proposed to distribute common stock dividends for the 2024 interim period, subject to shareholder approval. During the reporting period, there was no significant non-operating fund occupation by controlling shareholders or related parties. The...Show More