BACPRM Latest Report

Performance Review

As of December 31, 2024, the total operating revenue of BACPRM was US$25.347 billion, up 15.43% from US$21.959 billion as of December 31, 2023. This growth indicates the company's continued improvement in operating revenue, possibly due to business expansion or increased market demand.

Key Data in the Financial Report

1. Increased market demand drives bank business growth, reflecting economic recovery or industry demand recovery.

2. Net interest income was US$14.359 billion, up from US$13.946 billion in 2023, mainly benefiting from the rise in interest rates.

3. Commission expenses increased to US$4.713 billion, but the overall growth in operating revenue was greater, showing the effectiveness of cost control.

4. Operating efficiency improved, reflected in the improvement of customer service and operational efficiency.

Peer Comparison

1. Industry-wide analysis: The overall operating revenue of the banking industry generally increased in the context of economic recovery and rising interest rates. In the first three quarters of 2024, the operating revenue of listed banks decreased by 1.06% year-on-year, and net profit margin increased by 1.42%, showing the industry's health and the recovery of market confidence.

2. Peer evaluation analysis: The growth rate of BACPRM's total operating revenue was 15.43%, higher than the assumed industry average of 10%, showing its outstanding performance in the market, possibly due to its strong market share and effective business strategy.

Summary

The comprehensive analysis shows that BACPRM achieved significant growth in operating revenue in 2024, benefiting from the rise in market demand and improvement in interest income. However, changes in interest rate policies may affect future profitability.

Opportunities

1. Strong customer borrowing demand, record high collateral loan balances, reflecting the continued rise in market demand.

2. Strong performance in wealth management, with revenue growth of 65%, showing increased demand for high-end services.

3. Improved income from investment and brokerage services, providing possible momentum for future revenue growth.

Risks

1. Changes in interest rate policies may negatively affect net interest income, affecting overall profitability.

2. The industry as a whole faces pressure on operating revenue, and market changes need to be closely monitored.

3. Increased competition from small and medium-sized banks may affect BACPRM's market share and customer growth.