China Securities News Agency on April 2, Hengfeng bank released its annual report for 2021. The annual report shows that the bank has maintained steady growth in profitability, revenue scale and other aspects, the non-performing rate has decreased for three consecutive years, and the asset quality has continued to improve. In 2021, the bank realized an operating revenue of 23.879 billion yuan, a year-on-year increase of 13.56%; The net profit was 6.348 billion yuan, an increase of 22.01%; The scale of assets exceeded 1.2 trillion yuan, an increase of 9.25%; The non-performing loan ratio was 2.12%, a decrease of 0.55 percentage points over the beginning of the year, and the balance of non-performing loans and non-performing loan ratio maintained a double decline for three consecutive years.
2021 is the second full operating year of Hengfeng bank since the share reform and account establishment. According to the data disclosed in the annual report, the scale, revenue, customer base and profit of Hengfeng bank have increased rapidly, and the balance of non-performing loans and non-performing loan ratio have decreased for three consecutive years. Especially since the new team took office in 2018, the non-performing asset ratio of newly invested credit has been controlled at the level of 0.11%.
By the end of 2021, the total assets of Hengfeng bank had increased by nearly 190 billion compared with 2019, with an increase of 18.32%; Loans increased by more than 200 billion, an increase of 46.27%; Net profit increased from 599 million in 2019 to 6.348 billion. Since the share reform and reorganization, the non-performing rate has decreased year by year, reaching 2.12% in 2021, and the asset quality has been continuously consolidated. At the same time, the annual report also disclosed that the bank was approved to build a financial management subsidiary last year, set up a private banking department, a capital operation center, and eight branch licenses.
In terms of business segments and corporate finance, the bank's effective corporate customers increased by 18.19%, and the balance of corporate loans increased by 22.5 billion yuan over the beginning of the year. Among them, the growth rate of green credit was 140%, landing many of the country's first and first green financial businesses. The scale of non underwriting businesses such as mergers and acquisitions, syndicates and investment and financing consultants increased by 186% year-on-year. The loan amount of online supply chain products increased by 295.6% year-on-year. The data of international business in the same period reached a new high in recent five years.
In terms of Inclusive Finance, focusing on advanced manufacturing industry clusters, key industrial chains such as construction, rural revitalization, high-quality small and micro enterprises and self-employed customers, the balance of inclusive small and micro loans increased by 50.15% and inclusive agriculture related loans increased by 56.05%.
In terms of retail finance, we launched a new customer relationship management system and implemented the strategy of "expanding retail". Effective retail customers increased by 16.7%; Personal loans increased by 42.75%; The proportion of net worth financial management reached 49.63%, an increase of 27 percentage points over the beginning of the year; Fund sales nearly tripled over the previous year, and the number of credit cards issued increased by 33.72%; It has been approved to prepare for the establishment of financial management subsidiaries and private banking franchises.
In the financial market, the volume of spot foreign exchange transactions increased by 67% over the same period last year, and the underwriting scale of treasury bonds and three major policy financial bonds increased by 68% over the same period last year.
In addition, Hengfeng bank has invested heavily in financial technology in recent years. The annual report shows that in 2021, the technology investment of Hengfeng bank reached 2.111 billion yuan, accounting for 8.85% of the operating revenue, which is basically more than twice the industry average. In terms of talent support, the bank has initially established a digital talent team of more than 2300 people, focusing on data analysis, model and algorithm analysis, data asset design and other fields.
