On August 29, Bank of Communications held its mid-year 2025 performance briefing. Board Secretary He Zhaobin announced that the bank completed a 120 billion yuan A-share private placement on June 17, with all net proceeds used to supplement core tier 1 capital, raising the core tier 1 capital adequacy ratio by 1.18 percentage points from the beginning of the year. The private placement involved participation from the Ministry of Finance, China National Tobacco Corporation, and Shuangwei Investment, with the Ministry of Finance's shareholding rising to 35.02%, making it the controlling shareholder.
He Zhaobin noted that this private placement represents the first completion of a hundred-billion-yuan level capital supplement among major state-owned banks. The placement further strengthens Bank of Communications' capital foundation for sustainable development, enhances the bank's operational stability and risk resistance capabilities, and boosts its credit deployment capacity to serve the real economy. This positions the bank to actively respond to national policies, continuously increase financial support for key strategies, priority sectors, and weak areas, and better fulfill its role as a main force in serving the real economy.
He Zhaobin stated that Bank of Communications will continue its prudent operating strategy, with the full-year 2025 credit growth target remaining consistent with last year, maintaining the established deployment pace in the second half.
He emphasized that the raised funds will be efficiently utilized through four key measures: first, strengthening capital constraints and optimizing risk asset structure; second, advancing the "145 Strategy" and "Five Major Articles" while leveraging Shanghai's home advantage; third, deepening risk digitalization transformation to maintain risk bottom lines; fourth, maintaining continuity in profit distribution policy, committing to a cash dividend ratio of no less than 30% of net profit for the next three years.
Regarding dividend policy, Bank of Communications implemented an interim dividend of 1.563 yuan per 10 shares (pre-tax) for the first half of 2025, distributing a total of 13.81 billion yuan, accounting for 31.2% of net profit attributable to the parent company. This marks the second consecutive year of interim dividends and the 14th consecutive year with dividend ratios exceeding 30%. He Zhaobin expressed that Bank of Communications will ensure long-term returns to shareholders by continuously improving profitability and achieving stable growth in earnings per share.