Gelonghui, April 29, China Construction Bank (00939.HK) announced that for the three months ended March 31, 2024, the Group achieved net profit of 86.907 billion yuan, of which net profit attributable to the Bank's shareholders was 86.817 billion yuan, down 2.51% and 2.17% respectively from the same period last year. The annualized average return on assets is 0.89%, and the annualized weighted average return on net assets is 11.59%. Net interest income was $149.731 billion, down 2.19% from the same period last year. The net interest yield was 1.57%, which was mainly affected by the reduction in LPR (Loan Market Quoted Interest Rate) and low market interest rates.

According to the five-tier classification of loans, non-performing loans amounted to $339.331 billion, or 1.36%, a decrease of 0.01 percentage points from the end of the previous year. The provision coverage rate is 238.17%, and the loan ratio is 3.24%.