China Construction Bank Corporation (CICHF) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the meeting. Now let's give the floor to the moderator, distinguished investors, analysts, and friends from the media. Ladies and gentlemen, good afternoon. Welcome to CCB's Q3 Press Performance Release. Thank you for your attention and support and interest in CCB. Today we have with us Chief Finance Officer, Mr. Sheng Liu Rong, Board Office, Asset and Liability Management Department, Finance and Accounting Department, Asset Liability Management Department, Credit Risk Management Department, Corporate Finance Department, Financial Inclusion Department, Personal Finance Department, Housing Finance Department, Credit Card Center, Financial Market Department, Asset Management Department, FinTech Department, Corporate and Cultural Development. I'm Li Jianjiang, Vice President of CCB. Since now we've announced our Q3 results, I'd like to briefly report to you the performance. CCB has been insisting on President Xi Jinping's philosophy and to implement the requirements and arrangements of the central government and fulfill our responsibility as a large state-owned bank. We also aim at developing high-quality development and also fully serve the real economy and to seek high-quality development. By the end of the third quarter of 2024, the total assets stood at $40.9 trillion, up by .87% from the end of 2023. The loans and advances is around $25.7 trillion. In terms of liability, the total liability is $37.6 trillion, up by .9% from that of end of last year. The total equity deposits is around $28.5 trillion. For the first three quarters, our net profit stood at $257.1 billion on the yuan, up by .7% -on-year. The average ROA is around the 0.87%. ROE, 11.03%. MPL ratio stood at 1.35%, slightly down, that is .02% points compared with the year-...