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The financial information is prepared on a consolidated basis in accordance with the IFRS, and expressed in RMB unless otherwise stated.

(Expressed in millions of RMB unless otherwise stated)

2017

2016

Change

 

For the year

 

Change(%)

Operating income

594,031

559,860

6.10

Profit before tax

299,787

295,210

1.55

Net profit

243,615

232,389

4.83

Net profit attributable to equity shareholders of the Bank

242,264

231,460

4.67

 

As at 31 December

 

Change(%)

Total assets

22,124,383

20,963,705

5.54

Total liabilities

20,328,556

19,374,051

4.93

Total equity attributable to equity shareholders of the Bank

1,779,760

1,576,500

12.89

Share capital

250,011

250,011

-

 

Per share(in RMB)

 

Change(%)

Basic and diluted earnings per share

0.96

0.92

4.35

Final cash dividend proposed after the reporting period

0.291

0.278

4.68

Net assets per share

6.86

6.28

9.24

 

Financial ratios (%)

 

Change+/(-)

Profitability indicators

 

 

Return on average assets1

1.13

1.18

(0.05)

Return on average equity

14.80

15.44

(0.64)

Net interest spread

2.10

2.06

0.04

Net interest margin

2.21

2.20

0.01

Net fee and commission income to operating income

19.83

21.17

(1.34)

Cost-to-income ratio2

27.15

27.51

(0.36)

 

Capital adequacy indicators

 

 

Common Equity Tier 1 ratio3

13.09

12.98

0.11

Total capital ratio3

15.50

14.94

0.56

Total equity to total assets

8.12

7.58

0.54

 

Asset quality indicators

 

 

Non-performing loan(NPL) ratio

1.49

1.52

(0.03)

Allowances to NPLs

171.08

150.36

20.72

Allowances to total loans

2.55

2.29

0.26

1.Calculated by dividing net profit by the average of total assets at the beginning and end of the year.

2.Operating expenses (after deduction of taxes and surcharges) divided by operating income.

3.Calculated in accordance with the relevant regulations of the Capital Rules for Commercial Banks (Provisional). The advanced capital measurement approaches have been adopted to calculate capital adequacy ratios, and the regulations during the transition period have been applicable to the calculation of ratios since the second quarter of 2014.