Everbright BankPublished 2021 a few days agoperformancereport, the bank realized during the reporting periodOperating income152.751 billion yuan, a year-on-year increase of 7.14%;net profit43.639 billion yuan, a year-on-year increase of 15.06%, with a stable growth rate.Everbright BankPresident Fu Wanjun said at the performance conference that the transformation of wealth management is an important part of many domestic businesses.Bankconsensus, but also the domestic business in recent yearsBankfocus and goals. In the process of promoting the transformation, I deeply realized that it is indeed not something that can be accomplished overnight. Currently,Everbright BankIt can be said that China’s business transformation is at the time when it needs to bite the bullet the most, and it can be said to be the most critical time.
Fu Wanjun pointed out that China EverbrightBankOn the one hand, it is still necessary to stick to the goal and not relax; on the other hand, it will continue to deepen the structural integration of technology, retail, including the construction of business middle-office capabilities, and continue to guide the entire bank by optimizing the allocation of financial resources and performance resources. It is also necessary to make good use of the comprehensive operation platform of Everbright Group to continuously improve its own capabilities. In particular, China Everbright Bank also proposed to speed up the development of retail business and intermediary business, which is a major direction in the past two years. At the same time, in the corporate business, it clearly proposed to increase the total amount of FPA financing, and improve the comprehensive service capability of serving strategic customers by increasing the total amount of FPA. In addition, China Everbright Bank will also increase the construction of core capabilities of transaction banks including supply chain finance, and further absorb low-cost liabilities and reduce capital costs by increasing the ability to retain settlement funds. At the same time, it is necessary to increase the income contribution of agency, asset management, investment banking, custody, and settlement. Through the increase in the income of these businesses, the pace of light-weight transformation will be accelerated, and the characteristics of wealth management will continue to be created and presented.
According to Fu Wanjun, wealth management, as one of the focal points of China Everbright Bank’s development, has made key investments in the following four aspects.One is to focus oncreditAt the mercy of structure and credit resources, we will promote the creation of wealth management features. In order to support the growth of retail credit business, China Everbright Bank has established special credit lines for consumer loans, business loans, credit card overdrafts and other retail non-housing loans. Under the relevant measures, it is clearly proposed to continuously increase the proportion of retail credit in the credit structure. Through such arrangements of credit resources, by the end of 2021, China Everbright Bank’s retail credit accounted for 43.3%, an increase of 0.6 percentage points from 2020. It is estimated that in 2022, the proportion of retail credit in the credit structure will be increased by another 1 percentage point according to the target set for this year. This is at the mercy of credit resources and structure.
Second, in terms of investment in financial resources, China Everbright Bank has given higher performance and cost allocation factors to asset management, agency, custody and other businesses than usual. Through such guidance, branches are encouraged to focus on these businesses. In the performance appraisal, the business indicators and weights of wealth management have been greatly increased to guide the accelerated development of the wealth management business.
Third, in terms of human resources investment, China Everbright Bank has fully focused on wealth management-related positions. Last year, it set up a talent pool for retail finance, and continuously expanded the professional team of investment consultants and wealth consultants.At the same time, in 2021, the whole bank has adopted a supplementary retail plan in the retail sectorfinancial managementTeam measures, the annual retail financial management team increased by 5,000 people. Through the optimization of human resource allocation, we will improve our human resource control in wealth management. Last year, China Everbright Bank stepped up the training of retail wealth management managers to improve the professional capabilities of the retail wealth team.
Fourth, in terms of the optimization of the organizational structure, China Everbright Bank established a retail credit department last year to increase the proportion of retail credit business in the entire credit business structure. At the same time, combined with the characteristics of platform customers, last year, the digital finance department and the cloud life business department were integrated, and the functional structure of the relevant departments of the company’s financial sector was adjusted. The optimization of these organizational structures is aimed at business expansion and actual operation. , which can further focus on wealth management. At the same time, in last year’s business promotion, we explored and implemented the technology dispatch system and risk embedded system, in order to achieve the deep integration of technology, business and risk, and minimize the internal friction caused by division of departments. Everbright Bank also closely integrated performance management, salary management, cadre management and departmental strategic management, increased incentives, and guided the transformation of wealth management.
(Article source: China Net Finance)