Haitong Bank reported a EUR 5 million Net Profit in 2024

Haitong Bank has upheld strong financial stability throughout 2024, reflecting its resilience and capacity to drive business forward, which is a testament to the Bank's well-established local franchises. Despite macroeconomic challenges throughout the year, the Bank continued to show consistent profitability, comfortable asset quality indicators, adequate capital and liquidity, as well as a stable cost base.

In 2024, Haitong Bank reported a Net Profit of €5 million and a consolidated Banking Income of €66 million, a 2% YoY increase when compared to the adjusted figure of 2023, which excluded non-recurrent gains.

Asset quality indicators remained historically low, with a 1.0% NPL and 1.2% NPE at the end of 2024. From a capital perspective, Haitong Bank continued to show a strong capitalization with a 19.3% CET1 and 24.2% Total Capital ratios.