China News Service, Beijing, March 29 (Reporter Wang Enbo) Bank of China’s operating results announced on the 29th show that in 2021, the bank’s shareholders will enjoy after-tax profits of 216.6 billion yuan (RMB, the same below), a year-on-year increase of 12.28%. Bank of China President Liu Jin said in the annual report that last year, BOC’s domestic and foreign currency loans increased by 1,451.468 billion yuan, a new high in nearly 10 years.
The annual report shows that the scale of BOC’s assets and liabilities has grown steadily. As of the end of 2021, the total assets of the group were 26.72 trillion yuan, an increase of 9.51% over the beginning of the year; the total liabilities were 24.37 trillion yuan, an increase of 9.59% over the beginning of the year.
In terms of supporting the real economy, BOC precisely serves the key areas and weak links of the national economy. Loans to strategic emerging industries increased by 299.3 billion yuan, an increase of 135%. Private enterprise loans newly issued 2.4 trillion yuan, and the proportion of new loans increased by 0.98 percentage points compared with the previous year. Inclusive small and micro enterprise loans increased by 305.9 billion yuan, a record high. The medium and long-term loans to the manufacturing industry increased by 129.1 billion yuan, an increase of 29%.
In terms of credit risk indicators, the asset quality of BOC remained stable. According to the annual report, as of the end of 2021, the balance of non-performing loans of BOC was 208.8 billion yuan, an increase of 1.519 billion yuan from the beginning of the year; the non-performing loan ratio was 1.33%, down 0.13 percentage points. The provision coverage ratio was 187.05%, an increase of 9.21 percentage points from the beginning of the year. The capital adequacy ratio reached 16.53%, maintaining a reasonable and sufficient level.
Liu Jiandong, the risk director of Bank of China, said at the performance conference that this year, the identification and management of risks in some key areas should be strengthened. At present, some staged and localized risk pressures are relatively prominent. For example, some real estate companies are affected by market fluctuations, and their capital chains are tightening. Some import and export companies with high external dependence are facing the epidemic and geopolitics. shortages, etc. At the same time, it is also highly concerned about the risks caused by price fluctuations in the financial market.
BOC is the first bank among China’s four major banks to disclose its 2021 operating results. Subsequently, China Construction Bank, Agricultural Bank of China, and Industrial and Commercial Bank of China will also publish annual reports one after another. (over)Return to Sohu, see more
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