On the evening of March 29, the Shanghai Banking and Insurance Regulatory Bureau released the data of the main regulatory indicators of the banking and insurance industry within its jurisdiction in February 2022. On the whole, the assets and liabilities of Bank Of Shanghai Co.Ltd(601229) industry increased steadily and the asset quality maintained a good level; Shanghai’s insurance industry has developed steadily.
Bank Of Shanghai Co.Ltd(601229) industry assets and liabilities increased steadily
In February 2022, the total balance of domestic and foreign currency assets of banking financial institutions within the jurisdiction of Shanghai was 21.30 trillion yuan, a year-on-year increase of 9.99%. The total balance of domestic and foreign currency assets of commercial banks was 18.61 trillion yuan, a year-on-year increase of 8.90%, of which the balance of domestic and foreign currency assets of large commercial banks was 7.51 trillion yuan, a year-on-year increase of 7.81%; The balance of domestic and foreign currency assets of joint-stock commercial banks was 5.24 trillion yuan, a year-on-year increase of 13.96%.
In February 2022, the total balance of domestic and foreign currency liabilities of banking financial institutions within the jurisdiction of Shanghai was 20.39 trillion yuan, a year-on-year increase of 9.99%. The total balance of domestic and foreign currency liabilities of commercial banks was 18.03 trillion yuan, a year-on-year increase of 8.86%, of which the balance of domestic and foreign currency liabilities of large commercial banks was 7.44 trillion yuan, a year-on-year increase of 7.68%; The balance of domestic and foreign currency liabilities of joint-stock commercial banks was 5.23 trillion yuan, a year-on-year increase of 14.09%.
In terms of asset quality, in February 2022, the balance of domestic and foreign currency non-performing loans of banking financial institutions within the jurisdiction of Shanghai was 83.584 billion yuan, with a non-performing loan ratio of 0.86%; Among them, the balance of non-performing loans in domestic and foreign currencies of commercial banks was 58.340 billion yuan, with a non-performing loan ratio of 0.73%.
Shanghai insurance industry develops steadily
From January to February 2022, the original insurance premium income of insurance companies in Shanghai totaled 52.5 billion yuan, including 13.1 billion yuan for property insurance companies and 39.4 billion yuan for life insurance companies.
From January to February 2022, the original insurance compensation expenditure of insurance companies in Shanghai totaled 15.3 billion yuan, including 5.3 billion yuan for property insurance companies and 10 billion yuan for life insurance companies.
From January to February 2022, the number of insurance policies of insurance companies within the jurisdiction of Shanghai totaled 545.15 million in that year, including 543.69 million property insurance companies and 1.46 million life insurance companies.
