Why does the banking sector continue to lead the A-share market? The latest quarterly bank transcripts all released may give you the answer.
As of the evening of April 29, a quarterly report submitted by 6 state-owned banks and 9 listed national joint-stock banks showed that the outbreak did not affect the profitability of banks Caused a significant impact, the performance of most banks is better than market expectations.
From the point of view of profitability, the four major banks of workers, peasants and construction companies in the first quarter of this year totaled a net profit attributable to shareholders of 2.82119 billion yuan and a daily profit of 3.1 billion yuan.
Specifically, ICBC, CCB, ABC and BOC achieved net profits attributable to shareholders of the parent company of RMB 84.494 billion, RMB 80.855 billion, and RMB 64.187 billion respectively in the first quarter of this year With the growth rate of 52.583 billion yuan, the highest growth rate of net profit was CCB (5.12%), ICBC (3.04%) and BOC (3.17%). The net profit growth rate in the first quarter was slightly inferior to that in 2019.
Postal Savings Bank is the state-owned bank with the highest net profit growth rate in the first quarter of this year, reaching 8.5%, and Bank of Communications has the lowest. The net profit in the first quarter increased by 21.80 billion yuan to 21.451 billion yuan.
As for joint-stock banks, Ping An Bank (14.8%), China Everbright Bank (11.28%) and China Merchants Bank all achieved double-digit net profit growth. Except for the Zheshang Bank that returned to A in November, the net profit growth rate of the remaining eight national joint-stock banks in the first quarter was all higher than 5%.
Compared with the ability to make money, affected by the epidemic, the non-performing loans of state-owned large banks and joint-stock banks generally showed a rebound in the first quarter of this year. Of the 15 listed banks mentioned above, only SPDB has In response to the double decline in non-performing loan balance and non-performing loan ratio, the non-performing loan balance of 14 banks increased.
Compared with the ability to make money, affected by the epidemic, the non-performing loans of state-owned large banks and joint-stock banks generally showed a rebound in the first quarter of this year. Of the 15 listed banks mentioned above, only SPDB has In response to the double decline in non-performing loan balance and non-performing loan ratio, the non-performing loan balance of 14 banks increased.
In terms of large state-owned banks, the non-performing loan ratios of ICBC, CCB, Agricultural Bank and Postal Savings Bank are all the same as in 2019, and the non-performing loan ratio of Bank of China is slightly higher by 2 basis points. The Bank ’s NPL ratio increased from 1.47% to 1.59%.
CCB stated that the bank carefully assessed the impact of the epidemic on business operations and asset quality, conducted targeted risk and capital stress tests, and strengthened refined management.
Some joint-stock banks also disclosed in the quarterly report the impact of the epidemic on asset quality.
In a quarterly report, China Merchants Bank admitted that due to the impact of the new coronary pneumonia epidemic, the asset quality was affected. As of the end of the reporting period, the amount of non-performing loans increased and the rate of non-performing loans decreased The amount of newly generated non-performing loans decreased year-on-year, as the retail credit business was greatly affected by the epidemic, and the balance and proportion of loans and overdue loans increased. Affected by the co-debt risk and epidemic situation, the early risks of credit cards increased, and the risks of other retail loans also increased in stages.
Ping An Bank also said that when the bank ’s personal business defect rate increased in the first quarter, it was mainly due to fluctuations in the external economic environment, shrinking consumer demand, Unfavorable factors such as declining residents ‘income have caused short-term declines in retail customers’ repayment ability and repayment willingness.
When looking at the asset quality of the second quarter, China Merchants Bank said that due to loans that were rushed in the first quarter and failed to be recovered, the loans will gradually become bad from the second quarter. It is expected that from the second quarter, retail will Facing greater pressure for undesirable generation. In view of the impact of the epidemic on residents’ income and employment, which overlaps with the risk of co-debt, it is expected that the risk of retail loans may also last for a long time.