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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)

2020

2019

Change

 

For the year

 

Change(%)

Operating income

714,224

678,001

5.34

Profit before tax

336,616

326,597

3.07

Net profit

273,579

269,222

1.62

Net profit attributable to equity shareholders of the Bank

271,050

266,733

1.62

 

As at 31 December

 

Change(%)

Total assets

28,132,254

25,436,261

10.60

Total liabilities

25,742,901

23,201,134

10.96

Total equity attributable to equity shareholders of the Bank

2,364,808

2,216,257

6.70

Share capital

250,011

250,011

-

 

Per share(in RMB)

 

Change(%)

Basic and diluted earnings per share

1.06

1.05

0.95

Final cash dividend proposed after the reporting period

0.326

0.320

1.88

Net assets per share attributable to ordinary shareholders of the Bank

9.06

8.39

7.99

 

Financial ratios (%)

 

Change+/(-)

Profitability indicators

 

 

Return on average assets1

1.02

1.11

(0.09)

Return on average equity

12.12

13.18

(1.06)

Net interest spread

2.04

2.16

(0.12)

Net interest margin

2.19

2.32

(0.13)

Net fee and commission income to operating income

16.04

16.36

(0.32)

Cost-to-income ratio2

25.38

26.75

(1.37)

 

Capital adequacy indicators

 

 

Common Equity Tier 1 ratio3

13.62

13.88

(0.26)

Total capital ratio3

17.06

17.52

(0.46)

Total equity to total assets

8.49

8.79

(0.30)

 

Asset quality indicators

 

 

Non-performing loan(NPL) ratio

1.56

1.42

0.14

Allowances to NPLs

213.59

227.69

(14.10)

Allowances to total loans

3.33

3.23

0.10

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, and applicable rules for the transitional period.