Unlisted small and medium-sized banks' first quarter results appeared 70% net profit increased by more than 20% year-on-year

  Our reporter Lu Dong

  The A-share listed banks '2019 annual report is still being disclosed, but some unlisted small and medium-sized banks' performance data for the first quarter of this year has begun to appear one after another.

  Although various parties in the market have conducted many analyses on the impact of the sudden epidemic on the bank's performance, the overall performance of the 10 unlisted small and medium-sized banks that have disclosed their first quarter results so far is still good. Among the 10 banks, 9 banks had a positive increase in net profit year-on-year, and even more than 7 banks had a net profit increase of more than 20%.

  Dong Ximiao, chief researcher of Xinwang Bank, said in an interview with the "Securities Daily" that from the disclosed first-quarter bank performance, the profitability of these unlisted small and medium-sized banks has performed well. Support from micro-enterprises.

  "But while seeing better performance, we must also see the challenges faced by small and medium-sized banks in terms of asset quality in the future, which requires such banks to pay attention and take measures to respond." Dong Ximiao said.

  Jiucheng Bank's first quarter net profit

  Year-on-year positive growth

  According to information disclosed by China Money Network, up to now, a total of 10 banks have submitted performance answers for the first quarter of this year. These banks are all non-listed small and medium banks and all are rural commercial banks.

  From the disclosed performance data, it can be found that the above-mentioned banks were less affected by negative disturbances in the first quarter of this year, most of the performance was excellent, and double-digit growth in revenue and net profit. Only one of the ten banks experienced a decline in net profit year-on-year, while the rest all achieved positive growth.

  It is worth noting that the net profit growth rate of some banks was quite rapid. Changzhi Lidu Rural Commercial Bank's first-quarter net profit increased by 161.58% year-on-year, leading the 10 banks. In addition, the number of banks with an increase of more than 20% is as high as 7.

  In the first quarter of this year, Jiangsu Kunshan Rural Commercial Bank and Hangzhou Yuhang Rural Commercial Bank achieved net profits of more than 200 million yuan, with net profits of 361 million yuan and 280 million yuan, respectively.

  "City commercial banks and rural commercial banks account for a large proportion in China. Small and medium-sized banks and small and medium-sized enterprises have a natural compatibility. The improvement of the above-mentioned banks' operating level will also provide a great deal for small and medium-sized enterprises to fight against the epidemic and resume production and production. Help. "Dong Ximiao said that although most small and medium-sized banks risk is controllable. However, the epidemic situation may still cause greater pressure on the quality of such bank assets, which may not be obvious in the first quarter. In the future, these banks will also need to take various measures to increase the disposal of non-performing assets and prevent the creation of new non-performing loans.

  The average capital adequacy ratio is high

  More than 16% in many banks

  In the first quarter of this year, the capital adequacy ratio of various banks was generally good. According to the minimum regulatory requirements, the core Tier 1 capital adequacy ratio of non-systemic commercial banks shall not be less than 7.5%, Tier 1 capital adequacy ratio shall not be less than 8.5%, and Capital Adequacy Ratio shall not be less than 10.5%. As of the end of the first quarter of this year, the capital adequacy ratio of most banks far exceeded the above-mentioned minimum regulatory requirements. Among them, 4 banks had a capital adequacy ratio of more than 16% as of the end of the first quarter. Guangdong Zhaoqing Rural Commercial Bank has the highest capital adequacy ratio of 18.06%, while the bank ’s Tier 1 capital adequacy ratio and core Tier 1 capital adequacy ratio are also as high as 15.99%.

  It is worth noting that the capital adequacy situation of Guizhou Wudang Rural Commercial Bank, which was once concerned by the market because of the negative capital adequacy ratio, is slowly improving in the first quarter of this year.

  Dong Ximiao said that there are still few capital replenishment tools for non-listed small and medium-sized banks. In the future, relevant departments should continue to work hard, coordinate and strengthen support for small and medium-sized banks to replenish capital. In addition to perpetual bonds, you can continue to explore convertible secondary capital bonds, capital bonds with fixed-term conversion terms, etc., and lower the threshold for issuance of preferred shares and convertible bonds, and enhance the diversification of capital supplement channels and methods for small and medium-sized banks Sex and flexibility.

  Analysts from Dongfang Jincheng told reporters that the epidemic may have a negative impact on the scale of bank operations, asset quality, profitability and capital adequacy in the short term, especially for some small and medium-sized banks, but in the long run, the impact on the profitability of banks is generally controllable , Its impact is periodic.