Original title: 2021 banking industry results released: net profit growth rate of 12.6% continued to pick up, and the proportion of non-interest income dropped to 19.81%
Reporter Li Yuan
On February 11, the China Banking and Insurance Regulatory Commission released the data on the main regulatory indicators of the banking and insurance industry in the fourth quarter of 2021, showing that in 2021, the total assets of the banking industry will grow steadily, the quality of credit assets will be basically stable, financial services will continue to be strengthened, profits will remain stable, and risks will be offset. Strong ability.
Net profit for the year increased by 12.6%, and the proportion of non-interest income decreased to 19.81%
Data show that in 2021, commercial banks will achieve a cumulative net profit of 2.2 trillion yuan, a year-on-year increase of 12.6%. The average return on capital was 9.64%, down 0.46 percentage points from the end of the previous quarter. The return on average assets was 0.79%, down 0.03 percentage points from the end of the previous quarter.
Affected by the epidemic in 2020, commercial banks achieved a net profit of 1.94 trillion yuan for the whole year, a year-on-year increase of -2.7%. In 2021, commercial bank operations will gradually resume, and the growth rate of net profit will increase quarter by quarter, from 2.4% in the first quarter to 12.6% in the whole year, which is higher than the growth rate in the second and third quarters.
It is worth noting that in 2021, the proportion of non-interest income in the net profit of commercial banks will drop to below 20%, at 19.81%. They were 26.62%, 23.73%, 22.05%, and 21.04%, respectively.
In terms of return on capital and return on assets, 2021 will be higher than in 2020. The return on capital will rise from 9.48% to 9.64%, and the return on assets will rise from 0.77% to 0.79%. However, from the perspective of the 2021 quarter, It shows a downward trend quarter by quarter, with the highest point being 11.28% and 0.91% in the first quarter of 2021, respectively.
The table of main indicators by institutional category reveals the net profit of different types of banks. According to the estimates of the 21st Century Business Herald reporter, in 2021, the net profit growth rates of large banks, joint-stock banks, city commercial banks, private banks and rural commercial banks will be 12.70%, 13.37%, 11.56%, 47.83%, 9.06%. From the perspective of the return on assets, only large banks and private banks are higher than the industry average.
For the growth rate of net profit of commercial banks in 2022,Bank of ChinaThe research institute predicts that the net profit growth rate of commercial banks is expected to be close to 6% year-on-year;Bank of CommunicationsThe Financial Research Center predicts that it is expected that the year-on-year growth rate of net profit of listed banks in 2022 may fall to between 6% and 10%, and the net profit of listed banks attributable to the parent company will increase by about 6.5% year-on-year.
In terms of non-interest income of listed banks, Bank of Communications Financial Research Center said that non-interest income is expected to continue to pick up in 2022, and it is expected to increase by 17.6% year-on-year, and the growth rate will further increase. Among them, the bank card business is expected to return to the fast track of development, the settlement income is expected to remain relatively stable, the demand for residents’ wealth management will drive the rapid growth of agency and asset management businesses, and investment businesses such as bonds may be under relatively loose liquidity environment. will also grow.
The non-performing rate decreased quarter by quarter, and the growth rate of urban commercial and private balance exceeded 20%
According to data from the China Banking and Insurance Regulatory Commission, as of the end of the fourth quarter of 2021, the balance of non-performing loans of commercial banks was 2.8 trillion yuan, an increase of 13.5 billion yuan from the end of the previous quarter; the non-performing loan ratio of commercial banks was 1.73%, a decrease of 0.02 percentage points from the end of the previous quarter. From the perspective of the whole year, the non-performing loan ratio of commercial banks will decline quarter by quarter in 2021, but the balance of non-performing loans is still increasing, reaching 2,847 billion yuan by the end of the fourth quarter of 2021.
Previously, the China Banking and Insurance Regulatory Commission disclosed that a total of 3.1 trillion yuan of non-performing assets in the banking industry will be disposed of in 2021, and more than 3 trillion yuan will be disposed of for two consecutive years.
However, the asset quality performance of different types of banks varies greatly. According to the estimates of the 21st Century Business Herald reporter, the non-performing loan balances of large banks, joint-stock banks, city commercial banks, private banks, and rural commercial banks in 2021 will grow by 1.66%, -0.62%, 20.30%, 29.89%, and 7.41%, respectively, compared with 2020; In terms of NPL ratio, only city commercial banks have increased to 1.90% compared with 2020, while the NPL ratio of rural commercial banks has remained at a high level of 3.63%. Private banks benefited from the rapid growth in loan scale, and the NPL ratio dropped slightly to 1.26. %.
The Bank of Communications Financial Research Center believes that with the more prudent risk appetite of commercial banks and the increased efforts to dispose of non-performing assets, it is expected that the overall asset quality will be stable and controllable in 2022, and the non-performing ratio will remain at around 1.8%. “Regulatory encourages the development of inclusive finance business by increasing the tolerance of bad behavior, and commercial banks urgently need to improve their risk pricing and risk resolution capabilities,” reminded the Bank of China Research Institute.
The balance of small and micro loans was 50 trillion, and the inclusive growth rate dropped to 24.9%
In terms of serving small and micro enterprises, the China Banking and Insurance Regulatory Commission disclosed that by the end of the fourth quarter of 2021, the balance of loans used by banking financial institutions for small and micro enterprises (including loans to small and micro enterprises, loans to individual industrial and commercial households, and loans to owners of small and micro enterprises) was 50.0 trillion yuan. Among them, the balance of inclusive small and micro enterprise loans with a total credit line of 10 million yuan or less per household was 19.1 trillion yuan, a year-on-year growth rate of 24.9%. The balance of loans for affordable housing projects was 6.3 trillion yuan.
However, it is worth noting that as the balance of inclusive loans to small and micro enterprises continues to increase, the growth rate also continues to decline. The growth rate in the four quarters of 2021 will decline quarter by quarter, and the annual growth rate in 2021 will be 24.9%, compared with 2021 It fell 9 percent in the first quarter.
In 2022, small and micro enterprises are expected to remain the key areas supported by commercial banks. The China Banking and Insurance Regulatory Commission requires the promotion of financing increments, expansion and price reduction for small and medium-sized enterprises; the central bank requires the implementation of market-oriented policy tools to support small and micro enterprises.
The central bank stated in its monetary policy implementation report in the fourth quarter of 2021 that the next step is to give full play to the leading role of the market-oriented policy tools after the successive conversion of the two direct tools, and further encourage local corporate banks to increase their support for small and micro enterprises, small and micro enterprises. The support of business owners and individual industrial and commercial households, actively explore new and reasonable financing needs, increase the proportion of inclusive small and micro credit loans, continue to promote the “increment, price reduction, and expansion” of inclusive small and micro loans, and effectively ease the financing of small and micro enterprises Difficult and expensive financing.
In addition, the China Banking and Insurance Regulatory Commission also disclosed that as of the end of the fourth quarter of 2021, the capital adequacy ratio of commercial banks was 15.13%, an increase of 0.33 percentage points from the end of the previous quarter; the tier 1 capital adequacy ratio was 12.35%, an increase of 0.23 percentage points from the end of the previous quarter; the core The tier 1 capital adequacy ratio was 10.78%, up 0.12 percentage points from the end of the previous quarter.
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