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Ping An Bank agreed to provide additional interbank comprehensive credit amounting to 2 billion yuan to Founder Securities , according to a Shenzhen Stock Exchange filing on Friday.
The credit is valid until Jan. 23, 2026.
Founder Securities' major shareholder is New Founder Holdings Development, which is indirectly controlled by the Chinese lender.
Ping An Bank posted 2024 net profit attributable to shareholders of 44.5 billion yuan, down 4.2% from 46.5 billion yuan the previous year.
Earnings per share declined year over year to 2.15 yuan from 2.25 yuan, according to a March 15 filing with the Shenzhen bourse.
The bank's revenue slumped 11% to 146.7 billion yuan from 164.7 billion yuan.
The company declared a final dividend of 3.62 yuan for every 10 shares.
Ping An Bank shares were down 4% in late-morning trade Monday.
Ping An Bank's 2024 net profit fell 4.2% year-over-year to RMB44.5 billion, with operating income down 10.9%. Retail banking weakened, while wholesale banking grew, and key capital and liquidity ratios remained robust.
Original document: Ping An Bank Co. Ltd. Class A [000001] Interim report — Mar. 13 2025
2024 saw a strategic pivot to quality growth, with operating income down 10.9% and net profit at RMB 44.8 billion. Asset quality improved, NPL and provision coverage ratios remained strong, and digital and AI initiatives advanced. Dividend payout is targeted at 20%-30%.
Based on Ping An Bank Co. Ltd. Class A [000001] H2 2024 Audio Transcript — Mar. 13 2025
Ping An reported strong 2024 results with revenue up 12.6% and net profit up 47.8% year-over-year, driven by robust growth in Life & Health and P&C segments, and continued expansion in integrated finance and health & senior care strategies.
Original document: Ping An Bank Co. Ltd. Class A [000001] Slides Release — Mar. 13 2025
Ping An Bank agreed to grant Ping An International Financial Leasing an original and renewed interbank comprehensive credit line of 6.50 billion yuan, according to a Shenzhen Stock Exchange filing on Saturday.
The credit will have a term of one year, the Chinese lender said.
Ping An Bank and Ping An International Financial Leasing are both subsidiaries of Ping An Insurance (Group) .
Ping An Insurance's Hong Kong shares rose less than 3% and Shanghai stock rose 2% in recent trade.
Ping An Bank agreed to cooperate with Anke Technology for a dollar-denominated time deposit business, according to a Shenzhen Stock Exchange filing on Saturday.
The time deposit's principal amount will not exceed 3.60 billion yuan and interest will be up to 44 million yuan, the filing said.
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