State-owned sixBankIn the first half of the year, the total daily profit was 3.5 billion yuan, and the non-performing loan rate dropped collectively
Six major state-owned banks completed the first half of 2021 report cards on August 30: basically achieving double digitsNet profitAt the same time as the growth rate, the non-performing loan ratio fell collectively.
Taken together,ICBC、ABC、Bank of China、Construction Bank、Bank of CommunicationswithPostal Savings BankRealized in the first 6 months of this year attributable toshareholderThe net profit (the same below) totaled 634.893 billion yuan, with a total daily profit of over 3.5 billion yuan.
The growth rate of net profit of China Construction Industry and Agriculture Co., Ltd. is evenly matched
In the first half of 2021, ICBC, China Construction Bank, Agricultural Bank, Bank of China, Bank of Communications andPostal Savings BankRealize year-on-year growth in net profit attributable to shareholders of the bank
9.90%, 11.39%, 12.35%, 11.79%, 15.10% and 21.84%. For the whole year of 2020, the above 6BankThe growth rates of net profit were 1.20%, 1.62%, 1.80%, 2.92%, 1.28% and 5.36%.
Six major countriesBankProfitability in the first half of 2021
Among them, “the largest bank in the universe” ICBC achieved a net profit of 163.473 billion yuan attributable to shareholders of the bank in the first half of this year, followed by China Construction Bank, Agricultural Bank of China and Bank of China, achieving net profits of 153.3 billion yuan, 122.278 billion yuan and 111.813 billion yuan respectively. , Bank of Communications andPostal Savings BankIn terms of earning power, they achieved a net profit of 42.019 billion yuan and 41.01 billion yuan respectively.
Regarding the sharp rebound in net profit growth, ICBC President Liao LinPerformanceIt was stated at the meeting that the growth rate was significantly higher than that of last year and the first quarter of this year. This not only reflects the steady and better business situation of the bank, but also has something to do with the low profit base in the first half of last year. Specifically, the real economy is stably recovering. , The result of a combination of four factors including further increase in financing of the real economy, continuous improvement in asset quality and a low profit base last year.
NPL ratios collectively fell, with the balance of non-performing loans rising by 5 and falling by 1
After experiencing the “double rise” of non-performing loans in 2020, the asset quality of the six major state-owned banks has collectively improved in the first half of this year, and the non-performing loan rate has collectively declined.
in,Bank of ChinaBecome the “vanguard” of asset quality improvement, and the only major state-owned bank in the first half of this year that has “double-declined” non-performing loans.
Bank of ChinaData released on August 30 showed that as of the end of June, the total amount of non-performing loans was 20.348 billion yuan, a decrease of 6.925 billion yuan from the end of the previous year; the non-performing loan ratio was 1.30%, a decrease of 0.16 percentage points from the end of the previous year; the balance of loan impairment reserves was 369.168 billion yuan. An increase of 549 million yuan over the end of the previous year; the non-performing loan provision coverage ratio was 184.26%.
The non-performing loans of the other five major state-owned banks in the first half of this year all showed an increase in their balances and a decline in their non-performing loan ratios.
Specifically, among the six state-owned banks, the highest non-performing loan rate isBank of Communications, Decreased by 0.07 percentage points to 1.60% in the first half of the year,Postal Savings BankHas the lowest non-performing loan ratio, which fell by 0.05 percentage points to 0.83% in the first half of this year.
The non-performing rates of ICBC, China Construction Bank and Agricultural Bank of China are similar, as of the end of June were 1.54%, 1.53% and 1.50% respectively.
Asset quality of the six state-owned banks in the first half of 2021
Zhang Qingsong, President of the Agricultural Bank of China, pointed out at the performance meeting that the asset quality of the Agricultural Bank is expected to be stable and improving throughout the year. Although the internal and external situation remains severe and complex, the fundamentals of the long-term improvement of the Chinese economy have not changed, and the operating conditions of customers are gradually improving. , The risk of default will be reduced.
(Source: The Paper)
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