Behind the record high revenue, profit and asset scale of the six state-owned banks, what other key information has been revealed by carefully reading the bank’s annual report? The five major banks of China, agriculture, industry, construction and communications have achieved the best performance in recent 8 years; The absolute value of net profit growth of the six major banks set the best performance in 10 years Industrial And Commercial Bank Of China Limited(601398) assets exceeded 35 trillion yuan, ranking first in China Postal Savings Bank Of China Co.Ltd(601658) asset scale grew fastest among the six major banks year-on-year, reaching 10.9%.
In addition, it is worth noting that four of the six major banks have reduced 538 outlets in total, of which China Construction Bank Corporation(601939) reduced 231 outlets; The total number of employees has decreased by more than 10000, but at the same time, the salary range has increased by more than 10%. Behind the figures, banks are showing their determination to transform their outlets intelligently and the trend of strengthening online cloud services in various ways.
The daily profit is about 3.5 billion yuan, and the non-performing rate is improved collectively
According to the annual report, the revenue, profit and asset scale of the six major state-owned banks reached an all-time high in 2021. The total assets are 145.47 trillion yuan, and the total net profit is nearly 1.3 trillion yuan, equivalent to about 3.5 billion yuan a day.
Over the past 10 years, the overall asset scale of state-owned banks has continued to expand Industrial And Commercial Bank Of China Limited(601398) , China Construction Bank Corporation(601939) entered the “30 trillion yuan club”, with assets of 35.17 trillion yuan and 30.25 trillion yuan respectively. Followed by Agricultural Bank Of China Limited(601288) , with an asset scale of 29.07 trillion yuan. The assets of Postal Savings Bank Of China Co.Ltd(601658) and Bank Of Communications Co.Ltd(601328) of the “third echelon” are relatively small, with 12.59 trillion yuan and 11.67 trillion yuan respectively.
Against the background of China’s steady economic recovery, the asset quality of large state-owned banks has steadily improved, and the non-performing rate has collectively improved. By the end of 2021, the non-performing rates of Agricultural Bank Of China Limited(601288) , Industrial And Commercial Bank Of China Limited(601398) , China Construction Bank Corporation(601939) , Bank Of China Limited(601988) , Postal Savings Bank Of China Co.Ltd(601658) were 1.43%, 1.42%, 1.33% and 0.82% respectively, and the non-performing rate of Bank Of Communications Co.Ltd(601328) was the highest, 1.48%.
While reducing and transforming, the functions of outlets are more diversified
The reporter of Yangcheng Evening News found that the outlets of four of the six banks decreased to varying degrees last year, with a total reduction of 538 outlets.
Among them, China Construction Bank Corporation(601939) last year’s action was relatively large. According to the data, there were 14510 domestic and foreign business institutions at the end of 2021 (including 14476 domestic institutions), 231 less than 14741 at the end of 2020 Agricultural Bank Of China Limited(601288) a total of 22807 outlets were established at the end of 2021, a decrease of 176 compared with 22983 outlets at the end of 2020, the second largest decrease Bank Of China Limited(601988) by the end of 2021, there were 11452 domestic and foreign institutions (including 10902 mainland institutions), a decrease of 98 Industrial And Commercial Bank Of China Limited(601398) decrease was the smallest, with 15767 outlets at the end of 2021, a decrease of 33 compared with the end of the previous year.
As for the reasons for the decrease of outlets, each annual report also gives a positive or side explanation, which can be summarized as optimizing the layout of outlets and promoting the transformation of outlets. For example, China Construction Bank Corporation(601939) mentioned in the annual report that it would optimize the layout and construction of outlets and focus on ensuring the investment of channel construction resources in major national strategic planning regions and key cities such as Beijing Tianjin Hebei, Yangtze River Delta, Guangdong Hong Kong Macao Bay area; We will promote the improvement of inefficient outlets and the optimization of outlet layout, increase the withdrawal, merger and relocation of inefficient and dense outlets in urban areas, and expand the coverage of outlets in new urban planning areas and counties The Industrial And Commercial Bank Of China Limited(601398) annual report also shows that 714 outlets will be optimized in 2021 and pilot carbon neutral “zero carbon outlets” in Guangdong and other regions.
It is worth noting that while the number of outlets shrinks, they are also given the expectation of transformation and upgrading. For example, Bank Of China Limited(601988) , Industrial And Commercial Bank Of China Limited(601398) are promoting the digital transformation of outlets Agricultural Bank Of China Limited(601288) is to promote the transformation of outlets from business processing center to marketing center.
The functions of the outlets themselves are becoming diversified, Bank Of China Limited(601988) which means that it promotes the outlets to become an all channel, all scene and all ecological marketing service complex. It is the first to launch “5g intelligence + Bay Area Pavilion” in Guangdong, integrating 5g communication, cross-border service big data, artificial intelligence, semantic analysis, biometrics and other new scientific and technological elements into the services of the outlets, It is the first bank outlet in the industry to use 5g and artificial intelligence technology to realize ordering financial services.
More than 10000 employees were reduced, and the salary increase was more than 10%
According to the data disclosed in the annual report, in 2021, the number of employees in five of the six major banks decreased year-on-year, but the per capita salary increased by more than 10%.
In terms of the number of employees in the bank, Agricultural Bank Of China Limited(601288) has the largest number of employees, exceeding 45 Shenzhen Zhongjin Lingnan Nonfemet Co.Ltd(000060) 1398 ranked second, with more than 430000 employees China Construction Bank Corporation(601939) , Bank Of China Limited(601988) have more than 350000 employees and 300000 employees respectively Postal Savings Bank Of China Co.Ltd(601658) the number of employees is more than 19 Shenzhen Zhongjin Lingnan Nonfemet Co.Ltd(000060) 1328 is the only state-owned bank with less than 100000 employees.
The data show that in 2021, the number of employees in Industrial And Commercial Bank Of China Limited(601398) , Agricultural Bank Of China Limited(601288) , Bank Of China Limited(601988) , Postal Savings Bank Of China Co.Ltd(601658) , Bank Of Communications Co.Ltd(601328) decreased by 5698, 3826, 2762, 581 and 478 respectively, with a total reduction of 13345 bank employees; While China Construction Bank Corporation(601939) increased 1581 employees.
In fact, many people in the banking industry have said that from the offline point of view, with the optimization and transformation of outlets and the assumption of intelligent outlets, the front desk service personnel of general banks do show a decreasing trend, and optimizing the staffing has become the consensus of all banks.
From an online perspective, the optimization of cloud services is also a reason. For example, Industrial And Commercial Bank Of China Limited(601398) released version 7.0 of mobile banking. It is mentioned in its annual report that mobile banking “has completed the transformation from traditional physical outlets’ face-to-face ‘to online’ screen-to-screen ‘interaction”. At present, Industrial And Commercial Bank Of China Limited(601398) has added 53 million mobile banking customers, which is also the bank with the largest number of mobile banking customers.
Why do some banks have more staff? The data in the annual report also gives the answer, that is, behind the empowerment of science and technology, the number of scientific researchers in some banks has increased. For example, the number of financial science and technology personnel in Bank Of Communications Co.Ltd(601328) has increased from 3976 in 2020 to 4539 in 2021.
It is worth noting that the number of bank staff has decreased and the salary has increased. In terms of per capita annual salary, Bank Of Communications Co.Ltd(601328) per capita annual salary is the highest, reaching 407500 yuan China Construction Bank Corporation(601939) per capita annual salary is 337100 yuan, ranking second The per capita annual salary of Postal Savings Bank Of China Co.Ltd(601658) , Bank Of China Limited(601988) , Industrial And Commercial Bank Of China Limited(601398) , Agricultural Bank Of China Limited(601288) is 333000 yuan, 324500 yuan, 321000 yuan and 304500 yuan respectively. The per capita salary of the six major banks increased by more than 10% year-on-year, of which Postal Savings Bank Of China Co.Ltd(601658) ranked first among the six banks with a year-on-year increase of 15.87%.
