Summary by Moomoo AI
Ping An Insurance (Group) Co., Ltd. (referred to as "Ping An China") released the third quarter report of Ping An Bank in 2024 on October 18, 2024. The report shows that Ping An Bank achieved revenue of 34,450 million yuan in the third quarter, with a net income of 13,850 million yuan, slightly lower than the same period last year. As of September 30, 2024, the total assets of Ping An Bank reached 5,745,988 million yuan, total liabilities were 5,255,519 million yuan, and total shareholders' equity amounted to 490,469 million yuan. During the reporting period, the net cash flow from operating activities of Ping An Bank was 137,158 million yuan. In addition, on July 9, 2024, Ping An Bank issued a total of 30 billion yuan Renminbi's secondary capital bonds in the national inter-bank bond market to supplement Tier 2 capital. The board of directors of Ping An Bank Co., Ltd. announced the report on October 19, 2024.