Gelonghui, April 22丨Bank of Tianjin (01578.HK) announced that in the first quarter of 2024, the Bank achieved operating income of RMB 4.117 billion, an increase of RMB 234 million, or 6.03%; realized total profit of RMB 1,149 billion, an increase of RMB 121 million, or 1.86% over the same period of the previous year; and realized net profit of RMB 1,060 million, an increase of RMB 0.17 billion over the same period last year, an increase of 1.63%.

In terms of the main regulatory indicators, as of the end of March 2024, the Bank's capital adequacy ratio was 12.19%; the non-performing loan ratio was 1.54%, down 0.16 percentage points from the beginning of the year; the provision coverage rate was 181.06%, up 13.20 percentage points from the beginning of the year. Asset quality was stable, moderate and improving, and risk offsetting capacity was further improved.

As of the end of March 2024, the Bank's total assets were RMB 871,117 billion, an increase of RMB30.346 billion, or 3.61%; of these, customer loans and advances amounted to RMB 432.241 billion, up RMB36.232 billion from the beginning of the year, an increase of 9.15%. Total liabilities were RMB 804.656 billion, up RMB 28.914 billion from the beginning of the year, or 3.73%; of these, the amount of customer deposits was RMB 446.678 billion, a decrease of RMB 4.08 billion from the beginning of the year, a decrease of 0.89%, mainly due to the Bank's continued pressure on high-cost deposits. The average interest rate on customer deposits decreased by 22 basis points compared to 2023, which affected the growth of various deposits to a certain extent.