Summary by Moomoo AI
Bank of China released its mid-year report for 2024 in September. The report shows that the total assets reached 33,907,267 million RMB, and the total liabilities were 31,128,291 million RMB. The operating revenue was 317.929 billion RMB, and the net profit reached 126.536 billion RMB. The capital adequacy ratio was 18.91%. In terms of governance and risk management, Bank of China reviewed the financial statements prepared in accordance with Chinese accounting standards and International Financial Reporting Standards, and distributed cash dividends to common shareholders in 2023 without transferring capital reserve to increase share capital. It is proposed to distribute dividends to common shareholders for the mid-year of 2024, subject to approval by the shareholders' meeting. During the reporting period, there was no significant non-operating funds...Show More