Bank of JiangsuAnnounced on the 12th 2021performancereport, realizeOperating income63.771 billion yuan, a year-on-year increase of 22.58%;net profit19.694 billion yuan, a year-on-year increase of 30.72%; the non-performing loan ratio was 1.08%, a decrease of 0.24 percentage points from the end of the previous year, the provision coverage ratio was 307.72%, an increase of 51.32 percentage points from the end of the previous year; the basic earnings per share was 1.21 yuan, the same as the previous year.
During the reporting period,Bank of JiangsuThe group achieved operating income of 63.771 billion yuan, a year-on-year increase of 22.58%. Among them, the net interest income was 45.480 billion yuan, a year-on-year increase of 22.96%; the net fee and commission income was 7.490 billion yuan, a year-on-year increase of 39.83%. Operating expenses were 37.363 billion yuan, a year-on-year increase of 5.96%. Among them, business and management expenses were 14.307 billion yuan, a year-on-year increase of 17.23%.Realization attributable to the parent companyshareholderThe net profit was 19.694 billion yuan, a year-on-year increase of 30.72%.
During the reporting period,Bank of JiangsuThe Group’s net interest margin was 2.28% and net interest margin was 2.03%, up 14bp and 13bp year-on-year respectively. The rate of return on interest-earning assets was 4.53%, of which the average of loans and advancesinterest rate5.36%, financial investment averageinterest rate3.97%, the average interest rate of deposits with the central bank is 1.47%, the average interest rate of other interest-earning assets is 2.17%; the interest rate of interest-bearing liabilities is 2.53%, of which the average interest rate of deposits from customers is 2.32%, and the issued debtsecuritiesThe average interest rate is 3.20%, to the centralbankThe average interest rate of borrowings is 2.84%, and the average interest rate of other interest-bearing liabilities is 2.38%.
As of the end of 2021, JiangsubankThe total assets of the group were 2,618.9 billion yuan, an increase of 12.02% over the end of the previous year.Among them, loans and advances were 1,359.1 billion yuan, an increase of 16.57% over the end of the previous year; derivatives and financial investments were 920.3 billion yuan, an increase of 8.46% over the end of the previous year; cash and deposits in centralbankThe payment was 132.5 billion yuan, down 9.90% from the end of the previous year; the inter-bank assets were 113.7 billion yuan, up 17.51% from the end of the previous year. The total liabilities of the group were 2,420.8 billion yuan, an increase of 12.29% over the end of the previous year.Among them, deposits from customers were 1,478.8 billion yuan, an increase of 11.20% over the end of the previous year; issued debtssecurities432.8 billion yuan, an increase of 4.78% over the end of the previous year; inter-bank liabilities of 288.3 billion yuan, an increase of 52.41% over the end of the previous year; borrowings from the central bank 183.4 billion yuan, a decrease of 6.25% over the end of the previous year.
During the reporting period, the Bank of Jiangsu Group’s business and management expenses were 14.307 billion yuan, a year-on-year increase of 17.23%, and the cost-to-income ratio was 22.44%. Among the business and management expenses, staff costs were 8.889 billion yuan, a year-on-year increase of 7.14%; property and equipment expenses were 1.729 billion yuan, a year-on-year increase of 4.07%; other office and administrative expenses were 3.689 billion yuan, a year-on-year increase of 64.21%.
In terms of housing-related loans, the Bank of Jiangsu’s real estate loan balance in 2021 will be 90.834 billion yuan, accounting for 6.49%, and the non-performing loan balance will be 1.335 billion yuan, a year-on-year increase of 8.58%; the 2020 loan balance will be 89.337 billion yuan, accounting for 7.43%. The personal housing mortgage loan balance was 243.896 billion yuan, accounting for 17.42%; the personal housing mortgage loan balance in 2020 was 223.809 billion yuan, accounting for 18.63%;
In terms of asset quality, at the end of the reporting period, the balance of non-performing loans of the Group was 15.138 billion yuan, and the ratio of non-performing loans was 1.08%, down 0.24 percentage points from the beginning of the year; The loan ratio was 1.08%, a decrease of 0.24 percentage points from the end of the previous year; the provision coverage ratio was 307.72%, an increase of 51.32 percentage points from the end of the previous year.
In terms of capital adequacy ratio, the capital adequacy ratio of Bank of Jiangsu in 2021 is 13.38%, 14.47% in 2020, a year-on-year decrease of 1.09 percentage points; the tier 1 capital adequacy ratio is 11.07%, and 11.91% in 2020, a year-on-year decrease of 0.84 percentage points; The capital adequacy ratio was 8.78%, compared with 9.25% in 2020, a year-on-year decrease of 0.47 percentage points.
In terms of remuneration, the total employee remuneration of Bank of Jiangsu in 2021 will be 6.201 billion yuan, a year-on-year increase of 10.41%. There are 24 directors, supervisors and senior managers who receive remuneration from Bank of Jiangsu, with a total salary of 25.02 million yuan and an annual salary of 1.0425 million yuan per capita; among them, the annual salary of Chairman Xia Ping is 990,000 yuan, and the president’s salary is 990,000 yuan next year. The highest is Wang Weibing, assistant to the president, with an annual salary of 3.74 million yuan. The total number of employees is 15,156. Based on this calculation, the per capita salary of Bank of Jiangsu in 2021 will be 409,200 yuan.
In terms of profit distribution, Bank of Jiangsu intends to distribute cash dividends of RMB 4.00 (tax included) for every 10 shares of the bank based on the bank’s total number of ordinary shares of 14,769,630,000 shares at the end of 2021, with a total distribution of cash dividends of RMB 5.908 billion.
(Article source: CDC Finance)