China News Service, Beijing, August 30th. Title: China's four major banks' NPL ratios all increased in the first half of the year

  China News Agency reporter Wei Xi

  The Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, and Bank of China chose to release their first half of 2020 results on the same day on August 30, and will hold a performance conference on the same day on August 31. The four major banks are quite a bit "shared" "Time is difficult" means.

  In the first half of the year, the new crown pneumonia epidemic has had a huge impact on the economy. Chinese officials have guided financial institutions to actively reduce or exempt service fees, regulate and limit small and micro enterprise loan fees, and make a profit to the real economy. The year will reach approximately 1.5 trillion yuan (RMB, below). with).

  What is the operating situation of major banks in the first half of the year? How can the financial industry achieve "risk prevention" while "steady growth"? These are expected to get some answers in the semi-annual reports of the four major banks.

  ICBC: net profit of 149.8 billion yuan in the first half of the year, non-performing rate of 1.5%

  In accordance with International Financial Reporting Standards, ICBC achieved operating income of 402.3 billion yuan in the first half of the year, a year-on-year increase of 2.1%; net profit was 149.8 billion yuan, a year-on-year decrease of 11.2%. Asset quality was generally stable, with a non-performing loan ratio of 1.5% at the end of June, an increase of 0.07 percentage points from the end of the previous year.

  ICBC stated that the year-on-year decline in net profit in the first half of the year was not due to problems with its own business capabilities, but to earnestly implement relevant national policy requirements and follow the principles of commercial sustainability to fully support epidemic prevention and control, increase profit transfer to the real economy, and speed up risk resolution the result of.

  In the first half of the year, ICBC's domestic RMB loans increased by 1.1 trillion yuan, a year-on-year increase of 312.7 billion yuan, an increase of 7.3%, and the half-year increase exceeded one trillion yuan for the first time. The newly increased investment in local government bonds was 467.3 billion yuan, and the lead underwriting of various bonds was 911.1 billion yuan, ranking first in the market. The average interest rate of newly issued inclusive loans was 4.15%, a decrease of 37 basis points from the previous year.

  Regarding "risk prevention", ICBC proposed that it will implement new credit approval regulations and improve credit risk mitigation measures by controlling the three gates of "entry, gate, and exit".

  China Construction Bank: net profit of 138.9 billion yuan, non-performing rate 1.49%

  As of the end of June, China Construction Bank's profit before provision was 280.339 billion yuan, an increase of 5.40% over the same period last year; net profit was 138.939 billion yuan, a year-on-year decrease of 10.77%; the non-performing rate was 1.49%, an increase of 0.07 percentage points from the end of the previous year.

  It can be seen from the data that China Construction Bank increased its credit resources in the first half of the year. By the end of June, the total amount of loans and advances issued by China Construction Bank increased by 1.45 trillion yuan from the end of the previous year, an increase of 9.66%. In the first half of the year, a total of 119.484 billion yuan of credit funds were allocated to more than 10,000 key enterprises for epidemic prevention and control. Supported the coordinated resumption of work and production in the industrial chain and supply chain. In the first half of the year, a total of 230.081 billion yuan was invested in network supply chain loans.

Agricultural Bank of China: net profit of 109.19 billion yuan, non-performing rate of 1.43%

  As of the end of June, the total assets of the Agricultural Bank of China reached RMB 26.47 trillion, an increase of 6.4% over the end of the previous year; the Bank achieved a net profit of RMB 109.19 billion in the first half of the year; the balance of non-performing loans was RMB 207.745 billion, an increase of RMB 20.535 billion from the end of the previous year. The rate was 1.43%, a slight increase of 0.03 percentage points from the end of the previous year, and the overall asset quality was stable. The provision coverage ratio was 284.97%, continuing to maintain a relatively high level.

  In the first half of the year, ABC added 1.17 trillion yuan in new physical loans, an increase of 225.9 billion yuan year-on-year; the interest rate of newly issued physical loans was 4.44%, down 39 basis points from the previous year; the balance of inclusive small and micro enterprise loans was 866.142 billion yuan, a year-on-year increase. At the beginning of the year, an increase of 273.835 billion yuan, a growth rate of 46.2%.

  Bank of China: net profit of 107.812 billion yuan, non-performing rate of 1.42%

  In the first half of the year, Bank of China achieved a net profit of 107.8 billion yuan, a year-on-year decrease of 11.22%. In terms of asset quality, Bank of China’s non-performing loans amounted to 198.382 billion yuan, an increase of 20.147 billion yuan from the end of the previous year; the non-performing loan ratio was 1.42%, an increase of 0.05 percentage points from the end of the previous year.

  In the first half of the year, Bank of China achieved net interest income of 19,695 million yuan, an increase of 15.211 billion yuan or 8.37% year-on-year. The net interest margin was 1.82%, a decrease of 1 basis point from the same period last year. In response, the Bank of China stated that this is mainly due to factors such as the decline in the loan market quote rate (LPR) and the US dollar interest rate cut, and the asset-side yield is on a downward trend. Non-interest income accounted for 31.09% of operating income. In the first half of the year, Bank of China achieved non-interest income of 88.815 billion yuan, a year-on-year decrease of 6.234 billion yuan, or 6.56%. (Finish)