A-share listed banks' semi-annual report: 41 banks continue to explore interest rate spreads, 12 banks experience negative growth in net income. The window for another round of interest rate cuts for existing housing loans has opened, posing a potential c
① In the first half of the year, the net interest margin of 41 banks collectively declined, with 9 banks experiencing a decrease of 2% or more in their interest margin compared to the same period last year; there were as many as 12 banks with a negative growth in net income attributable to the parent, an increase of 7 compared to the same period last year. ② Experts believe that the continued narrowing of the net interest margin has put certain pressure on the profitability of banks, and the possible reduction of interest rates for existing housing loans in the near future will further challenge the interest margin of banks and increase operating pressure.
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Bank of China's H1 Profit Slips 1% as Net Interest, Operating Income Fall; EPS Beats Estimates
Hong Kong stocks undergo abnormal trends | China Mainland banking continues to decline, with banks' net profits generally declining in the first half of the year. Morgan Stanley points out that the long-term trend of high-yield stocks remains unchanged.
China Mainland Banking continues to fall, as of the time of publication, CM Bank (03968) fell by 4.29%, to HK$32.35; Industrial and Commercial Bank of China (01398) fell by 3.03%, to HK$4.28; Postal Savings Bank of China (01658) fell by 2.8%, to HK$4.17.
Banks' stocks are experiencing a "rare" big drop, JPMorgan: There is no reason for it!
JPMorgan believes that the trend of funds flowing into high-yielding stocks will continue, and the performance of bank stocks is not significantly below expectations. The performance growth rate of JPMorgan, Bank of Communications, Ningbo Bank, and China Citic Bank in the first half of 2024 and expected earnings for the fiscal year 2024 are still on track, so there is no need to overly worry about banks reducing dividends due to capital pressure.
Bank of China Limited 2024 Semi-Annual Report
Bank of China Limited 2024 Semi-Annual Report Summary
H Share Announcement-2024 Interim Results Announcement
The effect of interest rate cuts on deposits is gradually becoming apparent, with interest expenses of many national banks decreasing in the first half of the year, and some banks reducing by more than 7%.
① According to the semi-annual reports of joint stock banks and state-owned banks, although the trend of deposit regularization is obvious, and coupled with the expansion of deposit scale, the cost of debt has actually been reduced for many banks. ② Recent earnings conferences have shown that executives of various banks have expressed the need to adjust the asset-liability structure, strengthen cost control of liabilities, and attract low-cost deposits. This will be the focus and deployment direction for commercial banks in the second half of the year.
Bank of China (03988.HK) resets the domestic preferred shares "Zhonghang You 4" coupon yield.
On August 29th, Guolonghui announced that the benchmark interest rate for the second dividend rate adjustment period of Bank of China's "优4" will be 1.86%, with a fixed interest rate differential of 1.41%, a nominal dividend rate of 3.27%, and dividends paid once a year.
Bank of China (03988) will distribute an interim dividend of RMB 1.208 per 10 shares on February 19, 2025.
Bank of China (03988) announced that the company will distribute interim dividends of every 10 shares on February 19, 2025...
Bank of China (03988) announced its interim financial results, with shareholders' post-tax profit of 118.601 billion yuan, a year-on-year decrease of 1.24%.
Bank of China (03988) released its interim performance for 2024, with the group achieving net interest income of 226.76 billion yuan...
Bank of China: Will Enhance Quality, Effectiveness of Financial Services >3988.HK
Bank of China: Global Economy Expected to Maintain Steady Growth in 2H >3988.HK
2024 Interim Report
Bank of China (03988.HK) had a shareholder's attributable post-tax profit of 118.601 billion yuan in the first half of the year, a year-on-year decrease of 1.24%.
On August 29, GeLongHui announced that Bank of China (03988.HK) adheres to the principle of stable progress, with steady growth in assets and liabilities, steady performance in operation efficiency, and main indicators maintained within a reasonable range. At the end of June, the total assets of the group amounted to 33,907.267 billion yuan, a year-on-year increase of 4.55%, and total liabilities amounted to 31,128.291 billion yuan, a year-on-year increase of 4.90%. In the first half of 2024, the group achieved operating revenue of 317.929 billion yuan and net profit after tax of 126.536 billion yuan, a year-on-year decrease of 0.90%; shareholders of Bank of China realized net profit after tax.
Bank of China 1H Net CNY118.60B Vs. Net CNY120.095B >3988.HK
Express News | Bank of China - Interim Dividend RMB1.208 per 10 Shares
Express News | Bank of China- as at Hy End, Common Equity Tier 1 Capital Adequacy Ratio 12.03%
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