The achievements of banking and insurance industry in 2021 will be announced!
According to the data of major regulatory indicators of banking and insurance industry in the fourth quarter of 2021 released by the CBRC on February 11, commercial banks achieved a cumulative net profit of 2.2 trillion yuan in 2021, a year-on-year increase of 12.6%. At the end of 2021, the balance of non-performing loans of commercial banks was 2.8 trillion yuan, and the non-performing loan ratio was 1.73%.
According to the data, as of the closing of February 11, Citic Securities Company Limited(600030) the banking index in the primary industry index rose 1.1% and 8.73% so far this year.
in 2021, commercial banks realized a net profit of 2.2 trillion yuan
Data show that in 2021, commercial banks achieved a cumulative net profit of 2.2 trillion yuan, a year-on-year increase of 12.6%. The average capital profit margin was 9.64%, down 0.46 percentage points from the end of the previous quarter. The average asset profit margin was 0.79%, down 0.03 percentage points from the end of the previous quarter.
So far, 19 listed banks have issued performance letters. On the whole, the performance of listed banks continued to improve and the asset quality was optimized. According to the data, the net profit of 18 listed banks achieved double-digit growth in 2021, and the net profit of 12 banks increased by more than 20%.
Looking forward to 2022, the operation of banks is expected to remain stable. The report released by Bank Of China Limited(601988) Research Institute predicts that the net profit of commercial banks will increase by nearly 6% year-on-year in 2022. In terms of interest income, the net interest margin stabilized and rebounded; In terms of non interest income, the net value transformation of financial management business and the release of pressure on the transformation of stock products were completed. In 2022, the contribution of wealth management business income will continue to increase.
the non-performing rate of commercial banks at the end of 2021 was 1.73%
Data show that at the end of 2021, the balance of non-performing loans of commercial banks was 2.8 trillion yuan, an increase of 13.5 billion yuan over the end of the previous quarter; The non-performing loan ratio of commercial banks was 1.73%, down 0.02 percentage points from the end of last quarter. Among them, the balance of normal loans of commercial banks is 162.0 trillion yuan, including 158.2 trillion yuan of normal loans and 3.8 trillion yuan of special loans.
In recent years, the banking industry has achieved remarkable results in the disposal of non-performing assets. The disposal of non-performing assets exceeded 3 trillion yuan in 2020 and 2021. The 2022 working meeting of the CBRC proposed to properly deal with the rebound of non-performing assets and support the acceleration of the disposal of non-performing assets.
Everbright Securities Company Limited(601788) Wang Yifeng, chief analyst of the financial industry, predicts that in the next stage, the policy will coordinate key industries, key institutions and large-scale risk issues. Under the principle of marketization and legalization, the policy will take multiple measures to resolve risks and effectively block risk infection by means of clearing, verification and transfer.
the total assets of banking and insurance increased steadily
At the end of 2021, Bank Of China Limited(601988) financial institutions had domestic and foreign currency assets of 344.8 trillion yuan, a year-on-year increase of 7.8%; The total assets of insurance companies were 24.9 trillion yuan, an increase of 2.6 trillion yuan over the beginning of the year, an increase of 11.5% over the beginning of the year.
At the same time, the banking and insurance industries continued to strengthen financial services. At the end of 2021, the balance of loans used by banking financial institutions for small and micro enterprises (including loans for small and micro enterprises, loans for individual industrial and commercial households and loans for small and micro enterprise owners) was 50.0 trillion yuan, including 19.1 trillion yuan for inclusive small and micro enterprises with a total credit of 10 million yuan or less, with a year-on-year growth rate of 24.9%. The balance of loans for affordable housing projects was 6.3 trillion yuan.
In 2021, the original insurance premium income of insurance companies was 4.5 trillion yuan, a year-on-year increase of 4.1%. Compensation and payment expenditure was 1.6 trillion yuan, a year-on-year increase of 14.1%. In 2021, 48.9 billion new insurance policies were added.
strong risk offset ability
Data show that at the end of 2021, the balance of loan loss reserves of commercial banks was 5.6 trillion yuan, an increase of 24.2 billion yuan over the end of the previous quarter; The provision coverage rate was 196.91%, down 0.09 percentage points from the end of the previous quarter; The loan provision rate was 3.40%, down 0.04 percentage points from the end of the previous quarter.
At the end of 2021, the capital adequacy ratio of commercial banks (excluding foreign bank branches) was 15.13%, an increase of 0.33 percentage points over the end of the previous quarter. The tier one capital adequacy ratio was 12.35%, up 0.23 percentage points from the end of the previous quarter. The core tier 1 capital adequacy ratio was 10.78%, up 0.12 percentage points from the end of the previous quarter.
institutions are optimistic about the performance of bank stocks
Bank stocks have performed well this year. According to the data, as of the closing of February 11, Citic Securities Company Limited(600030) the banking index in the primary industry index rose by 1.1% and 8.73% so far this year,
According to comprehensive analysts, the reasons for the better performance of bank stocks since this year include: first, most of the disclosed performance letters of listed banks have performed well, exceeding market expectations; Second, various steady growth policies have been launched one after another, boosting market confidence and better support for the banking sector; Third, with the marginal warming of the real estate financing policy, the market pessimistic expectations have been gradually repaired.
Looking forward to the future, Zhou CE, an analyst at Caixin securities, believes that with the continuous force of the policy of stable growth, the margin of local real estate financing policies is relaxed, and the positive signals of banking business expansion are frequent. At the same time, the performance express disclosed by the bank shows that the performance of the banking industry has grown steadily, the asset quality continues to improve, the early negative factors such as the economic downturn and real estate risk have gradually subsided, and the valuation of listed banks is expected to rise.
Wang Yifeng predicted that in the next stage, under the background of still great downward pressure on the economy and the continuous promotion of various stable growth policies, the market still has expectations for “wide credit”, the superposition of the basic mask of the bank itself has good support, the current valuation and institutional position ratio are still relatively low, and bank stocks will still perform well.
