375 banks plan to issue interbank certificates of deposit in 2022, with a scale of 21.79 trillion yuan Shanghai Pudong Development Bank Co.Ltd(600000) ranking first with 1212.7 billion yuan

According to Ren Tao, a distinguished researcher of the national finance and development laboratory, up to now, 375 banks have issued interbank certificates of deposit issuance plans in 2022, with a total scale of 21.79 trillion yuan. Among them, the six major state-owned banks plan to issue 4631 billion yuan, an increase of 1191 billion yuan over 2021; 12 joint-stock banks plan to issue 7648.9 billion yuan, an increase of 903.9 billion yuan over 2021; 99 urban commercial banks plan to issue 679102 billion yuan, 219 rural commercial banks plan to issue 2356994 billion yuan, 12 private banks plan to issue 68.630 billion yuan, 26 foreign banks plan to issue 290738 billion yuan, and China Germany housing savings bank plans to issue 3 billion yuan.

Specifically, Shanghai Pudong Development Bank Co.Ltd(600000) plans to issue 1212.7 billion yuan of inter-bank certificates of deposit, ranking first in the list Agricultural Bank Of China Limited(601288) , Bank Of Communications Co.Ltd(601328) all plan to issue 1100 billion yuan certificates of deposit, ranking second China Citic Bank Corporation Limited(601998) plans to issue certificates of deposit of 960 billion yuan, ranking fourth.

It is worth noting that these 375 banks basically include all mainstream banks except development banks and policy banks. Meanwhile, according to statistics, among all banks with total assets of more than 50 billion yuan, there are Hankou bank, Fudian bank, Yingkou bank, Fuxin bank, Liaoyang rural commercial bank, Inner Mongolia bank, Xingtai bank, Dalian rural commercial bank, Linshang bank, Chaoyang bank, Bank of Qinghai, Dandong bank, Nanchang rural commercial bank, Zhangjiakou rural commercial bank, Qujing commercial bank Panjin bank and other 16 banks did not disclose the interbank certificate of deposit issuance plan in 2022.

Compared with 2021, the planned issuance of interbank certificates of deposit of most banks increased significantly in 2022. Specifically, China Construction Bank Corporation(601939) 2022 is planned to issue the largest increment of certificates of deposit, reaching 332 billion yuan Shanghai Pudong Development Bank Co.Ltd(600000) followed by 312.7 billion yuan Agricultural Bank Of China Limited(601288) plans to issue 300 billion yuan, ranking third.

Jiangmen rural commercial bank's certificate of deposit issuance plan increased the most, reaching 166.67%; The amount of certificates of deposit issued by Jiangsu Suning bank increased by 150% compared with 2022; In addition, seven banks, including Industrial And Commercial Bank Of China Limited(601398) , Bank of Hainan, Zhejiang Hecheng rural commercial bank and Anhui Feixi rural commercial bank, planned to issue certificates of deposit with an increase of 100%.

Ren Tao said that since the introduction of interbank certificates of deposit, due to the high degree of marketization, flexible term, convenient issuance, strong willingness of the central bank to promote and other reasons, the scale has shown a rapid and large-scale trend. At present, it plays an important role in the liability and liquidity management of commercial banks.

As of March 11, 2021, the stock balance of interbank certificates of deposit has reached 14.25 trillion yuan, contributing 10.73% of the whole bond market. At the same time, the data show that among state-owned banks, joint-stock banks and urban commercial banks, the average proportion of interbank certificates of deposit in their total liabilities is 3%, 10% and 10% respectively. "Therefore, interbank certificates of deposit are very important for joint-stock banks and urban commercial banks." Ren Tao said.

In terms of total assets and non-performing loan ratio, according to Ren Tao's calculation, among 375 banks, 29 banks have total assets of more than trillion yuan, totaling 227.04 trillion yuan; The total assets of 16 banks are between 500 billion and 100 billion yuan, totaling 11.22 trillion yuan; The total assets of 109 banks are between 100 billion and 500 billion yuan, totaling 25.57 trillion yuan.

Specifically, the top five of the latest total assets are Industrial And Commercial Bank Of China Limited(601398) (RMB 35398056 billion), China Construction Bank Corporation(601939) (RMB 30335551 billion), Agricultural Bank Of China Limited(601288) (RMB 28988663 billion), Bank Of China Limited(601988) (RMB 26229992 billion), and Postal Savings Bank Of China Co.Ltd(601658) (RMB 12221662 billion).

In terms of non-performing loan rate, Changshun rural credit cooperatives has the highest non-performing rate of 4.66%, while the six state-owned banks and joint-stock banks are significantly stronger than other banks. For example, among the six banks, the highest non-performing rate is Bank Of Communications Co.Ltd(601328) (1.6%) and the lowest is Postal Savings Bank Of China Co.Ltd(601658) (0.82%).

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