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ICBC, CCB, BOC, ABC Propose to Pay Interim Div. for 1st Time
2024-04-30 08:07:20
The first quarterly results of the four major state-owned banks in China were all released. The "Big Four" ICBC (01398.HK), ABC (01288.HK), BANK OF CHINA (03988.HK), CCB (00939.HK), and also BANKCOMM (03328.HK) announced that they considered to pay interim dividends for 2024 for the first time.

ICBC announced that it will may pay the 2024 interim dividend, with the total amount of dividends accounting for no more than 30% of the Group's net profit attributable to shareholders of the parent company, based on the reviewed financial report for the first half of 2024, taking into reasonable consideration of the current period's performance, and subject to the condition that it has profit available for distribution for the half year of 2024.

When the profit distribution plan for 2024 is subsequently formulated, the amount of interim profit distribution that has been distributed will be deducted. The 2024 interim profit distribution plan will be implemented after fulfilling corporate governance procedures in accordance with relevant laws, regulations and the company's articles of association.
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