Summary by Moomoo AI
CITIC BANK (CITIC SHARES) HAS ANNOUNCED ITS UNAUDITED FINANCIAL REPORT FOR THE FIRST QUARTER OF 2024. The report showed that as of 31 March 2024, the total assets of CITIC Bank and its subsidiaries increased slightly to RMB 9,070,311 million, and total loans and deposits increased by 1.53% to RMB 5,582,313 million. For the same period, CITIC Bank's operating income was RMB 53,569 million, an increase of 4.52% year-on-year, but the profit before tax decreased by 2.65% compared to the same period last year to RMB21,914 million. Net profit attributable to the Bank's shareholders increased slightly to RMB 19,191 million. In addition, CITIC Bank's annualized average return on total assets and annualized average net return on assets decreased 0.05 percentage points and 1.55 percentage points, respectively. During the reporting period, CITIC Bank had a capital adequacy ratio of 13.61%, a leverage ratio of 7.24% and a liquidity coverage ratio of 128.99%, meeting regulatory requirements. CITIC Bank's Board of Directors approved and authorized the issuance of this financial report on April 29, 2024.