Our reporter Lv Dong trainee reporter Yang Jie

　　On the evening of March 30, with Industrial and Commercial Bank of China, Agricultural Bank of China and Postal Savings Bank of China releasing their 2021 annual performance reports, the annual reports of the six major state-owned banks were all released.

　　As a leader among listed banks and even A-share listed companies, the six major state-owned banks have delivered a performance answer sheet with overall growth in profits and stable asset quality while adhering to the origin of financial services for the real economy.

Statistics from the "Securities Daily" reporter show that in the whole year of 2021, the six major state-owned banks have achieved a year-on-year increase of 11.85% in net profit (group caliber, the same below) attributable to shareholders of the parent company.

In addition, as of the end of last year, the non-performing loan ratios of the six banks have all decreased by varying degrees compared with the end of 2020.

　　The six major state-owned banks "jointly earn" more than one trillion yuan

　　NPL ratio falls

　　In 2021, the operating income of the six major state-owned banks will all achieve positive growth.

Specifically, ICBC achieved operating income of 860.9 billion yuan, a year-on-year increase of 7.6%, leading the other five banks in revenue; Postal Savings Bank’s operating income increased by more than 10% year-on-year, reaching 11.38%, leading the growth rate.

　　At the same time, the net profit of the six major state-owned banks rose collectively last year, with a total net profit attributable to the parent company of 1.27 trillion yuan, a year-on-year increase of 11.85%, and the growth rate of the six banks was more than 10%.

　　ICBC continued to be the "Most Profitable" Bank.

In 2021, the bank will achieve a net profit attributable to the parent of 348.338 billion yuan, a year-on-year increase of 10.27%; although the Postal Savings Bank achieved the lowest net profit attributable to the parent of only 76.170 billion yuan, the growth rate of the bank's net profit attributable to the parent is as high as 18.65%. tops the list of growth rates.

　　In recent years, the intermediary business of various commercial banks has grown substantially, which has become an important engine driving performance growth.

The "Securities Daily" reporter noticed that the non-interest income of the six major state-owned banks increased significantly year-on-year last year, and the proportion of non-interest income increased to varying degrees compared with 2020.

In 2021, CCB's non-interest income exceeded the 200 billion yuan mark, reaching 218.826 billion yuan, with the largest year-on-year increase of 21.60%; Bank of Communications' non-interest income accounted for the largest proportion, nearly 40%.

　　Affected by the intensity of loans and advances, the assets of the six major state-owned banks rose to a new level last year, all of which increased at different rates compared with the end of 2020.

　　In addition, the data shows that Industrial and Commercial Bank of China, China Construction Bank and Agricultural Bank of China ranked the top three in terms of asset size.

By the end of 2021, the total assets of ICBC and China Construction Bank have both exceeded 30 trillion yuan, 35.17 trillion yuan and 30.25 trillion yuan respectively.

Agricultural Bank followed closely, with total assets exceeding 29 trillion yuan, an increase of 6.9% from the end of 2020.

　　At the same time, the six major state-owned banks actively took various measures to effectively prevent and defuse risks, and the asset quality also showed a positive situation.

The non-performing loan ratios of the six banks were all lower than at the end of 2020, and were lower than the average of 1.73% for commercial banks in the same period disclosed by the China Banking and Insurance Regulatory Commission.

　　As of the end of last year, the non-performing loan ratio of Postal Savings Bank was only 0.82%, down 0.06 percentage points from the end of 2020, and its asset quality continued to lead the industry. Compared with the end of 2020, it decreased by 902 million yuan, a decrease of 0.19 percentage points, and achieved a "double drop" in the balance of non-performing loans and the ratio of non-performing loans.

　　Due to the improvement in asset quality, the provisioning strategies of the six major state-owned banks in 2021 have also converged on the whole. Among the six banks, the asset impairment losses (credit impairment losses) of four of the six banks have decreased to varying degrees compared with 2020.

Bank of China provided 104.220 billion yuan in asset impairment losses, the largest year-on-year decline of 12.43%.

In addition, China Construction Bank's impairment loss fell by more than 10%.

　　At the same time, considering that the external environment has become more complex and severe and adhered to prudent and prudent planning, the Agricultural Bank and Bank of Communications increased their provisioning efforts last year.

Bank of Communications lost 68.691 billion yuan in asset impairment, a year-on-year increase of 9.83%; Agricultural Bank's credit impairment loss was 165.886 billion yuan, a slight increase of nearly 1% year-on-year.

　　Yuan Xiaohui, a researcher at the Bank of China Research Institute, told the "Securities Daily" reporter that it is expected that the profit growth rate of listed banks will maintain a good level, the asset quality will also remain stable overall, and the risk compensation ability will be better.

In addition, some listed banks may experience a narrowing of interest margins and a decline in net interest income, which is the result of the combined effect of many factors such as interest rate liberalization and rising capital costs.

　　Capital adequacy ratio improved

　　Inclusive financial lending has increased significantly

　　In 2021, while the six major state-owned banks will drive the endogenous accumulation of capital through net profit growth, the supplementation of exogenous capital will also continue to increase.

In particular, 6 banks have accelerated the issuance of perpetual bonds and tier-2 capital bonds, which will help maintain their capital adequacy ratio at a good level.

　　The annual report shows that the capital adequacy ratios of the six banks have increased compared with the end of 2020.

As of the end of last year, ICBC's capital adequacy ratio increased to 18.02%, a year-on-year increase of 1.14 percentage points.

　　In 2021, the six major state-owned banks will fully support and serve the real economy, actively integrate into the overall development of the country, and increase support for key areas such as inclusive finance, advanced manufacturing, and green finance.

　　As of the end of last year, the inclusive finance loans of the six major state-owned banks have all grown substantially, and the proportion of inclusive loans to small and micro enterprises has continued to rise.

　　Specifically, as of the end of last year, the balance of inclusive loans to small and micro enterprises of Agricultural Bank of China increased to 1.32 trillion yuan, an increase of 38.8% over the end of 2020; the increase of inclusive loans to small and micro enterprises of Bank of China reached a record high, and its inclusive benefits The balance of loans to small and micro enterprises was 881.5 billion yuan, a growth rate of 53.15% over the end of 2020, which was higher than the growth rate of all loans in the bank; the balance of loans to small and micro enterprises of PSBC was 960.602 billion yuan, accounting for 960.602 billion yuan of loans to small and micro enterprises in the whole bank. The loan ratio exceeds 14%, ranking firmly among the top state-owned banks.

(Securities Daily)