China News Service, Beijing, April 2 (Wang Mengyao) Bank of China Risk Director Liu Jiandong said at the Bank of China's 2023 annual results conference on the 2nd that the Bank of China will continue to optimize the credit structure, strengthen the research and judgment of risk trends, and ensure that the quality of overseas assets is stable at a reasonable level. level.
Recently, the 2023 annual performance data released by the Bank of China showed that the Bank of China's assets and liabilities continued to grow, with the group's total assets and liabilities increasing by 3.54 trillion yuan and 3.35 trillion yuan respectively (RMB, the same below) compared with the end of 2022. The operating income in 2023 will be 624.138 billion yuan, a year-on-year increase of 6.42%, and the net profit attributable to the owners of the parent company will be 231.904 billion yuan, a year-on-year increase of 2.38%.
From the perspective of risk indicators, Bank of China President Liu Jin said that the Bank's asset quality is generally stable, its main risk indicators are robust, and market risks are generally controllable. The group's provision coverage ratio increased by 2.93 percentage points to 191.66%, and its risk compensation capability continues promote.
In terms of overseas asset risks, Liu Jiandong said that affected by multiple factors such as the US dollar interest rate hike in 2023, the asset quality of Bank of China's overseas business will face certain pressure, and the non-performing balance and non-performing ratio will increase. However, at present, the non-performing ratio of Bank of China is still higher than the average level of major peers. Bank of China will continue to optimize the credit structure, strengthen the analysis and judgment of risk trends, and ensure that the quality of overseas assets is stabilized at a reasonable level.
Talking about the direction of credit investment in 2024, Lin Jingzhen, Vice President of the Bank of China, pointed out at the meeting that the Bank of China will increase credit support for areas such as technological innovation, private small and micro enterprises, advanced manufacturing, and inclusive elderly care; from an enterprise perspective, the economy Large provinces and cities have concentrated customers and many projects, and are still the main force in credit growth; from an industry perspective, Bank of China will further focus on key areas and weak links in the real economy to support the development of new productive forces and the construction of a modern industrial system. (over)