Bank of China reported full-year 2024 net profit of RMB 237.84 billion, a 2.6% increase on the prior year, as the lender leaned on non-interest income and loan growth to offset pressure on its net interest margin. The results were published on 26 March 2025.
Non-interest income advanced 16.65% year-on-year, with trading gains a central contributor. Loans grew 8.18% over the year.
BALANCE SHEET AND CROSS-BORDER BUSINESS
Total assets grew 8.11% over the full year. Cross-border renminbi settlement volumes exceeded RMB 16 trillion for 2024.
Net fee and commission income fell 2.88% to RMB 76.59 billion; the growth in non-interest income came from other non-interest income, which rose 36.22% on higher net trading gains and gains on transfers of financial assets.
DIVIDEND PROPOSAL
The board proposed a final dividend of RMB 1.216 per 10 shares for the second half of 2024, bringing the full-year cash dividend to RMB 2.424 per 10 shares.