The third quarter transcripts of listed banks are released-
The overall asset quality of the banking industry continues to improve
Economic Daily·China Economic Net reporter Lu Min Qian Qingni
With the resumption of work and production and the gradual recovery of production and operation activities in various regions, the banking industry has maintained stable operations and the overall asset quality of the banking industry has continued to improve.
However, the risk prevention work of banking financial institutions cannot be slackened.
As many banks have deferred the repayment of principal and interest on loans to small and medium-sized enterprises, related risks will be delayed in response, and subsequent related business risks may also experience a phased increase.
Recently, financial regulatory agencies have disclosed some industry data in the first three quarters, and listed banks have also intensively released performance reports.
On the whole, with the gradual recovery of my country's economy, banking financial institutions have continuously improved the quality and efficiency of financial services to the real economy, the comprehensive financing costs of enterprises have dropped significantly, and financial institutions have given over 1.1 trillion yuan to the real economy.
Inclusive loans to small and micro enterprises increased significantly year-on-year, with new manufacturing loans of 2 trillion yuan.
At the same time, from the perspective of risk prevention, the overall banking industry is operating smoothly. At the end of September, the non-performing rate of banking financial institutions was 2.09%, the provision coverage ratio was 179.8%, and the capital adequacy ratio of commercial banks was at a relatively good level.
Improve the quality and efficiency of financial services
With the normalization of the prevention and control of the new crown pneumonia epidemic, the banking industry has further increased its efforts to serve the real economy, especially increasing support for private small and micro enterprises.
In the first three quarters, RMB loans increased by 16.3 trillion yuan, an increase of 2.6 trillion yuan year-on-year. Among them, private enterprise loans increased by 1.6 trillion yuan year-on-year, and the balance of loans to inclusive small and micro enterprises was 14.8 trillion yuan, an increase of 30.5 year-on-year. %.
In the first three quarters, the interest rate of newly issued loans to inclusive small and micro enterprises dropped by 0.82 percentage points compared with the whole of last year.
Facing the increase, how do banks control costs?
The third quarterly reports of listed banks show that financial technology has become a "weapon" for banks to serve the real economy.
In the opinion of many people in the industry, despite the impact of the epidemic this year, the banking industry has maintained stable operations. At the same time, it has increased its profitability to enterprises and improved service quality and efficiency. This is due to the banking industry's vigorous promotion of digitalization in recent years. The transformation has improved the efficiency of capital use and reduced the overall operating costs.
Large commercial banks all regard digital transformation as an important development strategy.
For example, the third quarterly report of CCB shows that CCB relies on financial technology to empower its business and enhance its digital operation capabilities.
"Cloud Studio" provides online financial services for individual and corporate customers. "Quick Loans" and other consumer credit services are handled online. The online platform of "CCB Global Matchmaker" realizes full-process, digital online exhibition operations and cross-cutting. Environment docking.
Build a profile of inclusive finance customer groups, and continue to reduce the financing costs of small and medium enterprises in the real economy.
The Postal Savings Bank of China disclosed its recent plans in its third quarterly report. It is about to strengthen the empowerment of science and technology, and make every effort to promote the completion of the "13th Five-Year" IT plan and the construction of a new generation of personal business core systems. The construction of projects such as "Life" APP has enhanced the bank's technological support capabilities.
The impact of the epidemic has also accelerated the pace of digital transformation for banks.
According to statistics from the China Banking Association, during the epidemic, the average level of service replacement rate for online business of banking institutions was as high as 96%.
Overall asset quality improved
Affected by the epidemic, the asset quality of the banking industry was under overall pressure in the first half of the year. The third quarterly report showed that with the resumption of work and production and the gradual recovery of production and operation activities in various regions, the overall asset quality of the banking industry continued to improve.
Relevant industry experts believe that due to the current repeated global epidemics, the risk prevention work of banking financial institutions cannot be slackened.
China Merchants Bank’s third quarterly report shows that in the first three quarters of this year, China Merchants Bank’s credit card generated 24.075 billion yuan of non-performing loans, a year-on-year increase of 10.798 billion yuan; retail loans (excluding credit cards) generated 6.356 billion yuan, a year-on-year increase of 1.490 billion yuan.
In addition, as of the end of September, China Merchants Bank's non-performing loan balance was 56.466 billion yuan, an increase of 4.191 billion yuan from the end of the previous year; the non-performing loan ratio was 1.13%, a decrease of 0.03 percentage points from the end of the previous year.
The provision coverage ratio was 424.76%, a decrease of 2.02 percentage points from the end of the previous year.
The loan loss reserve balance was 233.427 billion yuan, an increase of 16.484 billion yuan from the end of the previous year.
China Merchants Bank stated that due to the continuing impact of the epidemic on the retail business of banks, the impact of the epidemic on residents’ employment, income and consumption is still being released, and the risk of mutual debt is superimposed. It is expected that retail business risk management and control will continue to face greater challenges. huge pressure.
It is worth noting that among the joint-stock banks, Minsheng Bank's net profit in the third quarter fell by a large margin.
Data show that in the first three quarters, the bank achieved operating income of 143.321 billion yuan, a year-on-year increase of 7.66%, and net profit of 37.329 billion yuan, a year-on-year decrease of 18.01%.
In this regard, Minsheng Bank stated that the main reason for the year-on-year decline in net profit was increased provision and asset disposal.
The reporter learned during the interview that due to the impact of the epidemic, companies in some industries are still facing certain pressures on production and operation. Since many banks have delayed the repayment of principal and interest on loans to small and medium-sized enterprises, relevant risks will be delayed in response. It is expected that there will be greater pressure around March next year, and subsequent related business risks may also rise in stages.
Accelerate the digital transformation
Judging from the three quarterly reports, the impact of the epidemic has not slowed the pace of bank transformation, but has accelerated the intensity of the industry's digital transformation.
The third quarterly report of China Merchants Bank disclosed that the bank's continuous digital transformation has provided strong support to online services, coupled with the steady development of various retail businesses, and rapid response to customer needs, which has reduced the impact of the epidemic on operations to a certain extent.
In addition, powerful institutions have begun to export relevant results.
It is reported that China Construction Bank has helped many banks build digital platforms to help the industry develop.
For example, Guan Qingyou, the director of the Institute of Financial Research, believes that in the current time when the external financial environment is full of variables and the Chinese economy is facing various challenges, it is the most important for many financial institutions to dig into business scenarios internally, increase investment in technological research and development, and export leading innovative products and services externally. Homework that industry companies need to do.
The development of finance must match the needs of the real economy.
Most of Chinese enterprises are mainly indirect financing. Banks, as the main body of serving the real economy, must improve the quality and efficiency of service enterprises through the overall digital transformation of the industry.
From the industry's perspective, the future bank will be a digital bank, and the inevitable end of the digital transformation of commercial banks is ecological and scenario-based.
In the wave of digital transformation, Internet financial institutions have been at the forefront before. Judging from the three quarterly reports, commercial banks are catching up.
According to Zheshang Bank, facing the impact of the epidemic, Zheshang Bank is actively innovating and transforming and accelerating its platform-based service strategy. Since the beginning of this year, more than half of the newly launched businesses have been platform-based businesses. It has initially explored a method that can reduce corporate financing costs and also A sustainable development path that can effectively control risks and improve performance.
As of the end of September, there were 57,196 platform-based business service companies with a financing balance of 642.753 billion yuan, an increase of 26% and 42% respectively from the beginning of the year.
Digital transformation also brings new customer acquisition channels for banks.
For example, Everbright Bank's "Cloud Payment" launched its "Pay Wallet" type III electronic account in April this year, and its users have exceeded 660,000; in October, it launched "Fortune Wallet" type II electronic account service, supporting small wealth management products, etc. While providing more services, it also expanded the bank's customer channels.