Summary by Futu AI
China Postal Savings Bank (the "Bank") issued the third quarter report for 2024 on October 30, 2024. The report shows that as of September 30, 2024, the total assets of the Bank reached 16,746,265 million RMB, an increase of 6.48% compared to the end of the previous year; total customer loans amounted to 8,779,373 million RMB, an increase of 7.74%. Customer deposits reached 15,007,335 million RMB, an increase of 7.53%. The Bank achieved revenue of 260,567 million RMB, with a net profit of 75,983 million RMB, slightly higher year-on-year. The basic earnings per share were 0.71 RMB, the weighted average return on equity was 11.79%. The capital adequacy ratio was 14.23%, the core Tier 1 capital adequacy ratio was 9.42%, and the Tier 1 capital adequacy ratio was 11.71%. During the reporting period, the Bank had 151,140 ordinary shareholders. The financial statements for this quarter have not been audited. The Board of Directors of the Bank has approved the 2024 interim cash dividend distribution plan, which will distribute a cash dividend of 1.477 RMB per 10 shares of common stock (including tax), totaling approximately 14.646 billion RMB (including tax).