Recently, Bank Of Changsha Co.Ltd(601577) released the annual performance express of 2021, which shows that in 2021, the bank has firm strategic transformation direction, fully promoted the intensive development of various businesses, and achieved a balanced improvement in scale, efficiency and quality.
In terms of asset scale, by the end of 2021, Bank Of Changsha Co.Ltd(601577) total assets had reached 796.151 billion yuan, an increase of 13.05% over the beginning of 2021. In terms of operating efficiency, in 2021, the operating revenue reached 20.867 billion yuan, a year-on-year increase of 15.78%; The net profit attributable to shareholders of listed companies was 6.304 billion yuan, a year-on-year increase of 18.09%.
Insiders said that the performance of Bank Of Changsha Co.Ltd(601577) 2021 continued the good growth trend of revenue growth and profit growth exceeding 15% in the first half of 2021. Among the 14 listed banks that have disclosed their performance letters, Bank Of Changsha Co.Ltd(601577) revenue growth is in the forefront.
At the same time, Bank Of Changsha Co.Ltd(601577) asset quality has been continuously improved and its ability to resist risks has been steadily improved.
The data show that by the end of 2021, Bank Of Changsha Co.Ltd(601577) NPL balance was 4.423 billion yuan, NPL ratio was 1.20%, down 0.01 percentage point compared with the beginning of 2021, stable at the low level since listing; The provision coverage rate was 297.87%, an increase of 5.19 percentage points over the beginning of 2021, stable at the highest level since listing.
In 2021, when the overall credit supply of the banking industry is weak, Bank Of Changsha Co.Ltd(601577) credit supply is “prosperous in both supply and demand”, and continues to improve.
By the end of 2021, the bank’s total principal of deposits was 506.369 billion yuan, an increase of 10.94% over the beginning of 2021, and the total principal of loans and advances was 369.615 billion yuan, an increase of 17.34% over the beginning of 2021. The growth rate of deposits and loans increased by 6.4% and 2.9% respectively over the third quarter of 2021, showing a steady and good trend.
The relevant person in charge of Bank Of Changsha Co.Ltd(601577) said that in the second half of 2021, the bank’s brand will be renewed and upgraded, and the retail professional brand “fortune long line” and the company’s business “happy e enterprise” will become a new engine for the performance growth of the industry.
Bank Of Changsha Co.Ltd(601577) the stable performance in 2021 was recognized by many institutions. Everbright Securities Company Limited(601788) believes that Bank Of Changsha Co.Ltd(601577) has maintained a high credit growth rate, the financial management business is beneficial to the formation of intermediate business income, and the asset quality has been continuously consolidated. Zheshang Securities Co.Ltd(601878) believes that looking forward to the future, the bank’s retail strategy, network socialization and county deep cultivation will help support future profit performance.
