On January 19, a total of 8 small and medium-sized banks in A-Shares disclosed their performance express in 2021, including four rural commercial banks and four urban commercial banks. Under the condition of different revenue growth, the growth rate of net profit exceeded 20%.
Among the small and medium-sized banks that took the lead in disclosing the performance express, there are 6 banks in Jiangsu Province. In addition to Bank Of Jiangsu Co.Ltd(600919) , Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) , Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) , Jiangsu Jiangyin Rural Commercial Bank Co.Ltd(002807) , Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) and Bank Of Suzhou Co.Ltd(002966) have been frequently investigated by institutions since the end of December last year
net profit growth exceeded 20%
At present, Bank Of Jiangsu Co.Ltd(600919) , Bank Of Ningbo Co.Ltd(002142) , Bank Of Qingdao Co.Ltd(002948) , Bank Of Suzhou Co.Ltd(002966) , Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) , Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) , Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) , Jiangsu Jiangyin Rural Commercial Bank Co.Ltd(002807) are the first to disclose the 2021 performance express among A-share small and medium-sized banks.
The growth rate of net profit attributable to the parent of 8 Banks was brilliant during the reporting period, with a growth rate of more than 20%. The highest was Bank Of Jiangsu Co.Ltd(600919) , with a growth rate of 30.72%. Followed by Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) , Bank Of Ningbo Co.Ltd(002142) , Bank Of Qingdao Co.Ltd(002948) , Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) , Jiangsu Jiangyin Rural Commercial Bank Co.Ltd(002807) , Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) and Bank Of Suzhou Co.Ltd(002966) . During the reporting period, the growth rate of net profit attributable to parent company was 29.77%, 29.67%, 22.08%, 21.13%, 20.81%, 20.72% and 20.57% respectively.
In terms of the growth rate of total assets, except that Jiangsu Jiangyin Rural Commercial Bank Co.Ltd(002807) assets increased by 7.24% over the beginning of the year, which was a single digit growth rate, the other seven banks had a double-digit growth rate, of which Bank Of Ningbo Co.Ltd(002142) assets grew the fastest, increasing by 23.88% over the beginning of the year, and it was also the only bank among the eight banks with an asset growth rate of more than 20%.
In terms of revenue, the growth rate is differentiated. Bank Of Ningbo Co.Ltd(002142) revenue increased by 28.24% year-on-year, making it the fastest growing bank. The growth rate of Bank Of Jiangsu Co.Ltd(600919) was higher than 20%, with a year-on-year increase of 22.58%. The revenue growth of Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) and Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) was higher than 10%, 16.27% and 10.75% respectively. The growth rates of Bank Of Qingdao Co.Ltd(002948) , Bank Of Suzhou Co.Ltd(002966) , Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) , Jiangsu Jiangyin Rural Commercial Bank Co.Ltd(002807) were lower than 10%, 5.65%, 4.51%, 1.81% and 0.51% respectively.
In terms of asset quality, the non-performing loan ratio of the eight banks decreased to varying degrees. By the end of 2021, the highest non-performing loan ratio was Bank Of Qingdao Co.Ltd(002948) , which was 1.34%, down 0.17 percentage points from the beginning of the year. Followed by Jiangsu Jiangyin Rural Commercial Bank Co.Ltd(002807) , the non-performing loan ratio was 1.32%, down 0.47 percentage points from the beginning of the year. The non-performing loan ratios of three banks were less than 1%, respectively Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) , Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) and Bank Of Ningbo Co.Ltd(002142) . The non-performing loan ratios at the end of the reporting period were 0.95%, 0.81% and 0.77% respectively, a decrease of 0.22, 0.15 and 0.02 percentage points respectively compared with the beginning of the year
small and medium-sized banks in Jiangsu have been frequently investigated recently
It is worth noting that among the eight banks that took the lead in disclosing the performance express, there are six banks in Jiangsu Province. In addition to Bank Of Jiangsu Co.Ltd(600919) , Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) , Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) , Jiangsu Jiangyin Rural Commercial Bank Co.Ltd(002807) , Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) and Bank Of Suzhou Co.Ltd(002966) have been frequently investigated by institutions since the end of December last year. Among the many issues concerned by institutions, how to achieve development based on local characteristics has increasingly become a challenge for small and medium-sized banks.
According to the announcement, Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) has been investigated by 91 institutions including Shenwan Hongyuan Group Co.Ltd(000166) , Changjiang Securities Company Limited(000783) , China Industrial Securities Co.Ltd(601377) , China Merchants Securities Co.Ltd(600999) , Everbright Securities Company Limited(601788) for six times in January. The research mainly focuses on the bank’s loan investment, performance growth, interest margin level, inclusive financial services, etc.
Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) said that in 2021, the bank’s on balance sheet loans increased by 31.1 billion yuan, an increase of 23.22%, which was the year with the fastest growth rate and the largest increase since the listing. In 2022, the bank will continue to adhere to the market positioning of “agriculture, rural areas and small businesses”, sink the service focus, and increase support for the real economy and small and micro private enterprises. The loan will pay more attention to matching the deposit growth and capital consumption. It is expected that more than two-thirds of the loans in the whole year will be invested in the personal field.
Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) since the end of December last year, it has been investigated by 22 institutions including Anxin securities, Guosen Securities Co.Ltd(002736) , Guotai Junan Securities Co.Ltd(601211) securities in three times, mainly focusing on the bank’s retail transformation, wealth management transformation, revenue and asset quality outlook. Among them, the organic organization asked about the layout of such industrial transformation Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) in science and innovation finance under the background that Suzhou is at the forefront of industrial transformation and upgrading in China and the emergence of science and innovation enterprises in recent years.
Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) said that the bank started early in science and innovation finance. In 2019, it established the first science and innovation financial center of Jiangsu rural commercial banking system. At the same time, it also established a separate science and technology finance Industrial Park Branch to help the development of small and medium-sized science and technology enterprises in Suzhou through “science and innovation finance”. By the end of September 2021, the bank had served more than 1000 scientific and technological innovation enterprises, 870 existing scientific and technological innovation enterprises, and the balance of scientific and technological innovation loans had reached 12.356 billion yuan.
In January 2022, 10 institutions including Zhongtai Securities Co.Ltd(600918) , China Merchants Securities Co.Ltd(600999) have been investigated for four times. The research mainly focuses on credit supply, consumer finance business, network layout planning, etc. Among them, credit supply planning is concerned by institutions, such as manufacturing loan development planning, mortgage loan business development prospect, etc. China Merchants Securities Co.Ltd(600999) said that the proportion of Bank Of Suzhou Co.Ltd(002966) manufacturing loans in corporate loans has certain advantages among urban commercial banks.
According to the introduction of Bank Of Suzhou Co.Ltd(002966) , as of the half year of 2021, the bank’s manufacturing loans accounted for 26.69% of the company’s loans. As a pillar industry in Suzhou, the bank will continue to focus on and provide services.
Since December last year, Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) has been surveyed by 42 institutions including China Securities Co.Ltd(601066) , Dacheng Fund and China International Capital Corporation Limited(601995) on six occasions. Investment institutions mainly focus on the development of the bank’s digital transformation, inclusive financial development and financial management business.
Among them, an investment agency asked: “there are many export enterprises in Zhangjiagang. The export data in 2021 is relatively good, but the market generally expects that the export will weaken next year. Will it have an impact on Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) ?”
Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) said that at present, the national level’s focus on cross cycle regulation in the field of foreign trade focuses on four aspects: stabilizing growth, promoting innovation, ensuring smooth flow and expanding cooperation. The bank’s foreign exchange line will also follow the trend, avoid risks in challenges and seek development in opportunities.
