Industrial and Commercial Bank of China Limited (IDCBY) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Dear investors and analysts, good afternoon. I'm Wang Liancheng from corporate strategy and IR department of ICBC. Welcome to ICBC 2024 interim results announcement. This conference is broadcast online We are also happy to have some of the investors and analysts with us in person. I'd like to introduce to you the senior management members joining today. President Mr. Liu Jun. Senior Executive Vice President Mr. Wang Jingwu. SEVP Mr. Zhang Weiwu. SEVP, Mr. Duan Hongtao. SEVP, Mr. Zhang Shouchuan. Our directors, Herbert Walter and Muri Horn, participate this meeting in person. Our directors, Lu Yongzhen, Feng Wei, Dong Cao, Li Qun, Chen Yifang, Dong Yang, and Shen Si participate online. We also have general managers from the departments and subsidiaries here with us. Next, I'll give the floor to SEVP and Board Secretary Mr. Duan Hongtao to brief you on ICBC's interim results. And the main features. Dear investors and analysts, good evening. In the first half of 2024, with complex external environment, we pursued progress while ensuring stability, advanced the five transformations of intelligent risk control, modern layout, digital driver, diversified structure, and ecological foundation. and promoted its own high-quality development with serving economic recovery. Our main performance indicators maintained stable and operating results grew steadily with improved quality. It's demonstrated in the following three aspects. First, maintaining stable operation and demonstrating operating and development resilience. Core performance indicators were stable, the market leading position. By the end of half year, total assets were more than 47 trillion RMB, continuing to lead the world. Loans to customers recorded nearly 28 trillion, up by 1.8 trillion over the end of last year....