As of April 1, a total of 23 banks have released their financial reports for 2021, of which 19 have introduced in detail the business development of their small and micro enterprise loans.
The financial report shows that the five major banks, including Bank Of China Limited(601988) , China Construction Bank Corporation(601939) , Agricultural Bank Of China Limited(601288) , Industrial And Commercial Bank Of China Limited(601398) , Bank Of Communications Co.Ltd(601328) , have completed the regulatory requirements as scheduled, and the loan balance of Pratt Whitney small and micro enterprises has increased by more than 30%.
In addition, Industrial Bank Co.Ltd(601166) , Ping An Bank Co.Ltd(000001) , Jiangsu Jiangyin Rural Commercial Bank Co.Ltd(002807) increased by 56.22%, 35.70% and 42.30% respectively.
five major banks have achieved remarkable results in serving small and micro enterprises: the number of balance households has increased significantly, and the interest rate is low as a whole
On April 9, 2021, the China Banking and Insurance Regulatory Commission issued the notice of the general office of the China Banking and Insurance Regulatory Commission on further promoting the high-quality development of financial services for small and micro enterprises in 2021, requiring five large banks to strive to achieve an annual increase of more than 30% in inclusive small and micro enterprise loans.
Judging from the final results, many banks have overfulfilled their tasks. The loan balance of inclusive small and micro enterprises in Industrial And Commercial Bank Of China Limited(601398) , Bank Of China Limited(601988) , Bank Of Communications Co.Ltd(601328) and Bank Of Communications Co.Ltd(601328) increased by about 50%, 52.5%, 53.15% and 49.23% respectively.
In addition, Industrial Bank Co.Ltd(601166) , Ping An Bank Co.Ltd(000001) , Jiangsu Jiangyin Rural Commercial Bank Co.Ltd(002807) also increased by more than 30%, of which Societe Generale reached 56.22%, which is the largest increase among the banks that have published their annual reports.
From the perspective of the loan balance of inclusive small and micro enterprises, there are China Construction Bank Corporation(601939) , Agricultural Bank Of China Limited(601288) and Industrial And Commercial Bank Of China Limited(601398) , of which China Construction Bank Corporation(601939) ranks first with 1.87 trillion, and the latter two are 1.32 trillion and 1.10 trillion respectively.
Among the stock banks, the largest is China Merchants Bank Co.Ltd(600036) , which is Jiangsu Hengli Hydraulic Co.Ltd(601100) trillion yuan, followed by China Minsheng Banking Corp.Ltd(600016) , which is 504815 trillion yuan.
In terms of the number of Pratt & Whitney small and Micro customers, China Construction Bank Corporation(601939) and Agricultural Bank Of China Limited(601288) are far ahead, with 1936700 and 1920000 households respectively, an increase of 14.23% and 22.29%. Due to its large base, the increase is small, but in terms of the absolute number of growth, it is not many, 241200 and 350000 households respectively.
The biggest increase of the five major banks is Bank Of Communications Co.Ltd(601328) Bank Of Communications Co.Ltd(601328) the number of Pratt & Whitney small and Micro customers was the lowest among the five major banks, with 212200, a year-on-year increase of 43.49%. It is worth noting that in the joint-stock bank, China Merchants Bank Co.Ltd(600036) Pratt & Whitney small and Micro customers almost doubled, and the number of Pratt & Whitney small and Micro customers was 913300, an increase of 443800 over the beginning of the year, an increase of 94.53% Industrial Bank Co.Ltd(601166) the growth rate is also considerable. In 2021, there were 153300 inclusive small and micro loans, an increase of 62500 over the end of the previous year, an increase of 68.83%.
In terms of interest rate, the weighted average interest rate of the five major banks as a whole is low, mostly around 4%, and Bank Of China Limited(601988) is the lowest, at 3.96%. While most of the other lines are above 4.5%, with Bank Of Zhengzhou Co.Ltd(002936) the highest of 5.96%.
The average household loan balance can reflect the sinking degree of bank inclusive small and micro loans to a certain extent. Among the five major banks, Agricultural Bank Of China Limited(601288) has the lowest average household loan balance of 690100 yuan Industrial And Commercial Bank Of China Limited(601398) , Bank Of China Limited(601988) , Bank Of Communications Co.Ltd(601328) are all over one million, which are respectively 1.3824 million yuan, 1.4218 million yuan and 1.5967 million yuan. Among the 19 banks, Ping An Bank Co.Ltd(000001) has the lowest average loan balance of 453500 yuan.
In addition, some banks have low average loan balance and high sinking degree, but the non-performing rate remains at a low level, reflecting their high risk control skills. For example, China Merchants Bank Co.Ltd(600036) the average household loan balance is 658200 yuan, and the non-performing rate is 0.62% Postal Savings Bank Of China Co.Ltd(601658) household average loan balance is 561500 yuan, and the non-performing rate is 1.66% Bank Of Qingdao Co.Ltd(002948) the average household loan balance is 508200 yuan, and the non-performing rate is 1.43%.
In terms of loan amount, large commercial banks and rural financial institutions are the main force in loans to small and micro enterprises. On February 11, the “loans to inclusive small and micro enterprises of banking financial institutions in 2021 (quarter)” released by the China Banking and Insurance Regulatory Bureau showed that the loans to inclusive small and micro enterprises of large commercial banks and rural financial institutions in the whole year last year were 245088 billion yuan and 233153 billion yuan respectively, accounting for 33.99% and 32.33% respectively, while the other two types of joint-stock commercial banks and urban commercial banks accounted for 17.64% and 14.02% respectively.
service microenterprises: product innovation + technological innovation
High quality financial products can be used to build a bridge between financial institutions and small and micro enterprises, so as to provide better financial support for the high-quality development of small and micro enterprises.
China Construction Bank Corporation(601939) focus on the small, medium and micro customer groups of scientific innovation, improve the “entrepreneur’s harbor” service model and improve the service capacity in the field of scientific and technological innovation. At present, it has been extended to 19 provinces and cities, providing credit support for more than 9000 enterprises entering the Gulf with more than 30 billion yuan. In addition, it also launched new model products such as “small and micro fast loan”, which has served 2.5249 million customers and provided credit support of 5.93 trillion yuan since its launch.
Wang Wei, vice president of Bank Of China Limited(601988) said that Bank Of China Limited(601988) created the special brand of Inclusive Finance “huiruyi”, and established 8 series of product systems covering more than 50 fields under the brand. Actively connected with national policies, and launched products and services such as “new year benefits” and “anytime benefits” to continue to pay attention to and support the development of small and micro enterprises.
Online is also a major trend in the development of inclusive small and micro loan business China Zheshang Bank Co.Ltd(601916) year end report shows that as of the end of the reporting period, the utilization rate of online application for small and micro loans exceeded 75%, and the proportion of online withdrawal exceeded 95% Industrial And Commercial Bank Of China Limited(601398) the proportion of inclusive loans granted online in the new balance reached 94% Bank Of China Limited(601988) last year, the growth rate of online personal business loan balance was 563.61%, reaching 11.726 billion yuan.
Small and micro enterprises have more capital needs, but they generally do not have standardized accounting statements and sufficient collateral, so it is difficult to use traditional credit evaluation methods. As the loan business goes deep into small and micro enterprises, banks are facing higher technical challenges in terms of risk control and the convenience and availability of financial services. They need to complete a lot of credit evaluation and risk management through financial technology.
In the annual report released this time, many banks also mentioned their strategic layout in technological innovation service microenterprises.
Industrial And Commercial Bank Of China Limited(601398) launched the small and micro inclusive special edition of personal mobile banking and the inclusive special area of corporate mobile banking, integrating online measurement, rapid lending and other urgently needed financial services, and using technical means such as video interview and face recognition to improve the efficiency and risk control level of application, approval, signing, withdrawal, payment and repayment. In addition, the mortgage loan scenario of “e-enterprise fast loan” has been widened to improve the service quality and efficiency of small and Micro customers holding non residential real estate; Comprehensive use of multidimensional data such as tax, power and settlement to provide credit loan support for the production and operation of small and micro enterprises.
in China Construction Bank Corporation(601939) 2021, the early warning coverage rate of bad customers of small and micro enterprises by using risk early warning system (RAD) exceeded 80%; The risk screening system (RSD) automatically screened 789712 million online businesses and effectively intercepted 357100 problematic businesses.
China Minsheng Banking Corp.Ltd(600016) vice president yuan Guijun introduced at the performance conference that China Minsheng Banking Corp.Ltd(600016) has implemented the construction plan of intelligent risk control system based on the digital development strategy led by science and technology. In terms of intelligent examination and approval, we have developed an intelligent diversion examination and Approval Mode for mortgage loans of small and micro enterprises, and the average operation efficiency of the whole process has been improved by about 60%; In terms of automatic lending, realize online automatic second lending for small and medium-sized chain customers in the supply chain.
overall decrease in issuance of special bonds for small and micro enterprises
In July last year, the central bank issued the notice on deepening the project of improving the financial service capacity of small, medium-sized and micro enterprises, emphasizing the need to expand the credit supply of small, medium-sized and micro enterprises. Encourage small and medium-sized banking financial institutions to issue special financial bonds for small and micro enterprises and broaden the sources of credit funds for small and micro enterprises.
Issuing financial bonds is not only a normal financing channel for commercial banks, but also one of the important means for banks to supplement capital. Special financial bonds for small and micro enterprises are the routine operation of commercial banks to lend and finance to small and micro enterprises.
However, last year, the scale of special bonds issued by the banking industry for small and micro enterprises decreased. According to the data, the scale of special bonds for small and micro enterprises issued by the banking industry in 2021 was 342 billion yuan, a year-on-year decrease of 7.76%.
According to the annual report, in January 2021, China Construction Bank Corporation(601939) with the approval of the CBRC and the central bank, issued special financial bonds for small and micro enterprise loans with a fixed interest rate of 3.30% in the national inter-bank bond market, with an issuance scale of 20 billion yuan. The funds raised were specially used for issuing loans to small and micro enterprises.
Bank Of Communications Co.Ltd(601328) also issued 40 billion yuan of special financial bonds for small and micro enterprise loans in the national inter-bank bond market in April 2021, with a three-year variety and a coupon rate of 3.4%. All the funds raised were used to issue loans to small and micro enterprises.
