36 listed banks performance exceeded expectations, four major banks expanded the table by 1.8 trillion in the third quarter

category:Finance
 36 listed banks performance exceeded expectations, four major banks expanded the table by 1.8 trillion in the third quarter


At present, 36 A-share listed banks have made full financial statements. In terms of NIM, non-performing and capital adequacy ratio, the overall performance of 36 listed banks exceeded expectations. Among them, the four major banks expanded the table by 1.8 trillion yuan in the third quarter, which is the main force for stable economic growth.

Among the four banks, the main part of the expansion is loans, followed by financial investment assets.

In the third quarter, the banking industry delivered a better than expected performance.

As of the evening of October 30, 36 A-share listed banks, including postal savings bank and Zheshang Bank, which returned from H-share to A-share, including six state-owned banks and 10 joint-stock banks, have made financial statements.

Since this year, the decision-makers have repeatedly set a demand for stable growth of the economy and handled the relationship between stable growth and deleveraging and strong supervision.

This can be seen from the four bank expansion. In the third quarter, the four bank expansion was 1.8 trillion yuan, an increase of 100 billion yuan less than that in the second quarter. In the third quarter, the asset expansion of China Merchants Bank, Shanghai Pudong Development Bank and Ping An Bank exceeded 100 billion yuan, higher than that of Bank of communications and postal savings bank.

However, among the joint-stock banks, Minsheng Bank, Zheshang Bank, industrial bank and so on appeared downsizing in the third quarter of this year. Assets of urban commercial banks such as Bank of Nanjing also fell by 14.767 billion yuan in the third quarter.

Listed banks as a whole exceeded expectations, including NIM, non-performing and capital adequacy ratios. A banking analyst said that in addition to Hong Kong shares issued convertible bonds, individual joint-stock banks were slightly weaker on a month on month basis.

From the perspective of the banking industry, it is estimated that the low interest rate operation in bond and other financial markets will continue for some time. LPR has some impact on large loans, and the pressure on the asset side is not small. At the same time, the competition of deposit is fierce, and the whole banking industry is facing the pressure of narrowing interest margin. However, the recent regulatory guidance on innovative products such as structured deposits and demand deposits, which rely on files for interest calculation, is conducive to the marginal reduction of interest payment costs of banks. If the cost of interest payment is effectively controlled, LPR will have downward space.

The asset quality of commercial banks has improved, some even double decline.

The non-performing rates of the four branches of industrial and agricultural construction were 1.44%, 1.42%, 1.37% and 1.43% respectively, down 0.08, 0.17, 0.05 and 0.03 percentage points compared with the end of last year.

A large bank executive said that the regulatory authorities were revising the classified management method of financial asset risk, taking the repayment source of customers as the principle and including non credit non-performing loans in the disclosure scope.

Table 4: 1.8 trillion

The four state-owned banks of China Construction Industry and agriculture are the main force of stable growth of the economy, and credit continued to expand rapidly in the third quarter.

According to the statistics of 21st century economic reporter, in the third quarter of 2019, the table expansion of the four major banks reached 1.8 trillion yuan, an increase of 100 billion yuan less than that in the second quarter, but an increase of 1 trillion yuan less than that in the third quarter of last year. Among them, the Agricultural Bank of China and industrial and Commercial Bank of China respectively expanded their balance sheets by 895.8 billion yuan and 435.9 billion yuan. As a comparison, in the same period, the remaining 32 A-share listed banks (including postal savings bank and Zheshang Bank) outside the four major banks expanded their assets by more than 690 billion yuan.

Among the four banks, the main part of the expansion is loans, followed by financial investment assets.

The total assets of ICBC exceeded 30 trillion yuan, an increase of 2.73 trillion yuan or 9.84% in the first three quarters of this year. Among them, the total amount of loans and advances increased by 1.24 trillion yuan, an increase of 8.05%; investment increased by 700.3 billion yuan, an increase of 10.37% over the end of last year.

The asset scale of China Construction Bank is next to that of ICBC, which is 24.5 trillion yuan. In the first three quarters of this year, assets of CCB increased by 1.30 trillion yuan, with a growth rate of 5.58%; new loans and advances increased by 1.09 trillion yuan, with a growth rate of 7.90% compared with the end of last year; financial investment increased by 486.5 billion yuan, with a growth rate of 8.51% compared with the end of last year.

Of the total assets of Agricultural Bank of China of 24.87 trillion yuan, 2.26 trillion yuan was added in the first three quarters, including 1.39 trillion yuan for loans, 0.56 trillion yuan for advances and 8.09% for financial investment.

Of the 22.61 trillion yuan total assets of Bank of China, the first three quarters saw an increase of 1.34 trillion yuan, an increase of 6.30%; among them, RMB loans in mainland China increased by 857.362 billion yuan, an increase of 9.51%; investment increased by 436.669 billion yuan, an increase of 8.64%.

In this case, in the first three quarters of 2019, the operating revenues of ICBC, CCB, ABC and BOC were 646.942 billion yuan, 539.635 billion yuan, 474.981 billion yuan and 416.333 billion yuan, respectively, increasing by 12.11%, 7.66%, 3.83% and 10.69%; the net profits were 252.688 billion yuan, 227.382 billion yuan, 181.791 billion yuan and 171.246 billion yuan, respectively, increasing by 5.23%, 5.83%, 5.81% and 5.22%.

If split, net interest margin income constitutes the main income.

In the first three quarters of 2019, ICBCs net interest income was RMB 453.146 billion, up 6.97% year-on-year; non interest income was RMB 193.796 billion, up 26.31% year-on-year. The net income of interest of CCB was 379.522 billion yuan, an increase of 3.77% over the same period of last year; the net income of commission and commission was 108.968 billion yuan, an increase of 12.89% over the same period of last year. The net income of interest of ABC was 360.473 billion yuan, an increase of 1.42% year on year; the net income of commission and commission was 69.857 billion yuan, an increase of 12.02% year on year. BOCs net interest income was 277.82 billion yuan, an increase of 5.11% year on year; non interest income was 138513 million yuan, an increase of 23.85% year on year.

The expansion and contraction of stock bank

Among the joint-stock banks, CMB, Pudong Development Bank and Pingan bank all expanded their balance sheets by more than 100 billion yuan in the third quarter of 2019, higher than bank of communications and postal savings bank.

China Merchants Bank, known as the king of retail, still ranks first in asset scale and profit of joint-stock banks, and its retail revenue has increased to 55%. From January to September 2019, China Merchants Bank achieved a net profit of 72.017 billion yuan, an increase of 13.71% year-on-year; its operating revenue was 194288 million yuan, an increase of 9.49% year-on-year, of which the operating revenue of retail financial business accounted for 55.03% and the net interest income accounted for 65.29%.

But CMB is still under pressure to reduce its interest margin. The banks net interest margin from January to September was 2.60% and the net interest rate of return was 2.72%, up 12 and 11 basis points year-on-year; however, the net interest margin in the third quarter was 2.51%, down 13 basis points month on month, 2.62% and 14 basis points month on month.

From January to September 2019, SPDBs operating revenue was 146.386 billion yuan, up 15.40% year on year; after tax, the net profit attributable to shareholders of the parent company was 48.350 billion yuan, up 11.90% year on year. The banks net interest income was 97.822 billion yuan, up 21.05% year-on-year; the net non interest income was 48.564 billion yuan, up 5.48% year-on-year. The banks weighted average return on equity after deducting non recurring profit and loss was 10.06%, down 0.37 percentage points from the same period last year.

Among the joint-stock banks, Minsheng, Zheshang, Xingye, etc. saw downsizing in the third quarter of this year.

Industrial Bank, which has reached nearly 7 trillion yuan, is adjusting its balance sheet in the past three years. The banks assets increased or decreased by - 13.95 billion yuan, 291.887 billion yuan and - 7.494 billion yuan respectively in the first three quarters. According to the bank, in line with the changes in the situation and in line with the transformation direction of light capital, light assets and high efficiency, we will promote the adjustment and optimization of the balance sheet, and achieve the goal of increasing loans and investment and reducing deposits and reducing interbank liabilities.

From January to September this year, the operating revenue of Industrial Bank was 136.606 billion yuan, up 19.18% year on year; the net profit attributable to the parent company was 54.910 billion yuan, up 8.52% year on year; the non-performing loan rate was 1.55%, down 0.02 percentage points from the beginning of the year.

Of the 6.27 trillion yuan total assets of China Minsheng Bank, the first three quarters saw an increase of 278.921 billion yuan and a decrease of 69.9 billion yuan in the third quarter. From January to September this year, the banks new loan was 254.282 billion yuan; its operating revenue was 133.128 billion yuan, up 15.11% year on year; its net profit attributable to shareholders of the parent company was 45.529 billion yuan, up 6.66% year on year.

Source: responsible editor of 21st century economic report: Chen Hequn, nb12679