Minsheng Bank’s revenue and net profit “double down” in the first half

In the evening of August 27,Minsheng BankThe interim report released shows that in the first half of this year, the bank realized the return to its motherNet profit26.556 billion yuan, a year-on-year decrease of 6.67%;Operating income87.775 billion yuan, a year-on-year decrease of 10.53%; basic earnings per share was 0.56 yuan, a year-on-year decrease of 0.05 yuan.

　　Minsheng BankSaid that the main reason for the decline in operating income was that the bank actively implemented the national policy of reducing fees and concessions, and strictly implementedreal estateindustryCreditRegulatory policies, new loan pricing declines, increased allocation of high-quality liquid assets such as treasury bonds and policy financial bonds, reduced investment yields, narrowed interest margins, reduced non-standard bonds, and reduced bond yields.

In terms of asset quality, the bank’s non-performing loan ratio has improved, but the amount of non-performing loans is still increasing. As of the end of June this year, the bank’s total non-performing loans was 72.391 billion yuan, an increase of 2.342 billion yuan from the end of the previous year; the non-performing loan ratio was 1.80%, a decrease of 0.02 percentage points from the end of the previous year; the provision coverage ratio was 142.87%, an increase of 3.49 percentage points from the end of the previous year .

According to the interim report,Minsheng BankThe increase in total non-performing loans was mainly due toreal estateIndustry and mining industry. The bank’s non-performing corporate loans to these two industries are rising significantly. Among them,real estateThe non-performing rate of the industry increased from 0.69% at the end of the previous year to 1.04%, and the non-performing rate of the mining industry increased from 8.33% at the end of the previous year to 12.42%.

(Source: Securities Times Net)

Article source: Securities Times

Editor in charge: DF557

Original title: Minsheng Bank’s revenue and net profit “double down” in the first half