Summary by Futu AI
Industrial and Commercial Bank of China (referred to as 'ICBC') announced its unaudited interim performance for the first half of 2024. The report shows that ICBC and its subsidiaries achieved a net profit of RMB 171.296 billion for the six months ended June 30, 2024, a slight decrease compared to the same period last year. The basic earnings per share is RMB 0.47. ICBC's total assets reached RMB 4,711.654 billion, an increase of 5.4% over the previous year-end. The total amount of customer loans and advances was RMB 2,783.755 billion, an increase of 6.7%. ICBC stated that it will continue to promote intelligent risk control, modern layout, digital momentum, diversified structure, and ecological-based transformation, and actively support the development of the real economy. Additionally, ICBC announced that it will distribute cash dividends for the 2024 interim ordinary shares, with a dividend of RMB 1.434 per 10 shares, totaling approximately RMB 51.109 billion.