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<Results>CM BANK 1Q Net Profit RMB38.08B, Down 2% YoY
Recommend 12 Positive 13 Negative 17 |
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CM BANK(03968.HK) announced the first quarter results ended March 2024. The turnover declined 4.6% year on year to RMB86.42 billion. The net profit amounted to RMB38.077 billion, down 2%. EPS was RMB1.51. During the quarter, the net interest income faded 6.15% yearly to RMB52 billion. The net interest margin was 1.9%, down 28 bps yearly. As at the end of the reporting period, the Company’s balance of loans granted to the real estate industry was RMB310.942 billion, representing an increase of RMB20.2 billion as compared with the end of the previous year, accounting for 4.83% of the Company’s total loans and advances to customers, representing an increase of 0.12 ppts as compared with the end of the previous year. The Company’s non-performing loan ratio of real estate loans was 4.82%, representing a decrease of 0.19 ppts as compared with the end of the previous year. AAStocks Financial News |
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