Industrial and Commercial Bank of China (ICBC) has released its interim financial report for the first half of 2024, with a net profit of 171.296 billion Chinese yuan. The bank's total assets reached 47.116 trillion yuan, with total customer loans and advances amounting to 27.837 trillion yuan. The capital adequacy ratio is 19.16%, and the non-performing loan ratio is 1.35%. ICBC has proposed to distribute a mid-term cash dividend of 1.434 yuan per 10 shares pending approval at the shareholders' meeting. The bank continues to enhance corporate governance, protect consumer rights, and promote green finance initiatives. ICBC is committed to innovation, digital transformation, and specialization, serving over 1.28 billion corporate customers and 749 million individual customers globally. Strict risk management ensures operational safety and asset quality. The...Show More

Industrial and Commercial Bank of China (ICBC) has released its interim financial report for the first half of 2024, with a net profit of 171.296 billion Chinese yuan. The bank's total assets reached 47.116 trillion yuan, with total customer loans and advances amounting to 27.837 trillion yuan. The capital adequacy ratio is 19.16%, and the non-performing loan ratio is 1.35%. ICBC has proposed to distribute a mid-term cash dividend of 1.434 yuan per 10 shares pending approval at the shareholders' meeting. The bank continues to enhance corporate governance, protect consumer rights, and promote green finance initiatives. ICBC is committed to innovation, digital transformation, and specialization, serving over 1.28 billion corporate customers and 749 million individual customers globally. Strict risk management ensures operational safety and asset quality. The bank is dedicated to serving the real economy, supporting inclusive finance, rural revitalization, green finance, and public welfare. In addition, ICBC has received approval for dividend distributions for 'ICBC Optimal 2' and overseas U.S. dollar preference shares, with a dividend rate of 4.2% for 'ICBC Optimal 2' and 3.58% for overseas U.S. dollar preference shares. ICBC has also invested 215 billion yuan in the third phase of the National Integrated Circuit Industry Investment Fund, with a 6.25% shareholding and an initial payment of 10.75 billion yuan. Additionally, the bank has invested 28 billion yuan in the National Green Development Fund. As of June 30, 2024, ICBC manages its foreign currency structured positions, including U.S. dollars and Hong Kong dollars, to mitigate forex risks and has disclosed net long and short positions and structured positions.