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The battle of the Tianwang Mountain of this retail finance will directly affect the stable status of the universe. Nowadays, CCB has a potential for breaking the boat (sacrificing the opposition) and the backwater war. To to to to to to tors, it is also a problem to tilt to retail, how to balance retail, and opposite the father -in -law. -Xin Finance In the history of China’s retail banking industry, ICBC and CCB’s two major banks are quite representative. In all the large banks, ICBC’s retail ideas began to wake up the earliest -in 2001, the ICBC head office established the personal financial business department, and transformed the assessment of the retail business from a single deposit operating goal to a comprehensive improvement of business operations. benefit. By 2006, as the largest commercial bank in China’s assets, Industrial and Commercial Bank of China held the strategic transformation of the retail business, and strived to “build China’s first retail bank”, and proposed to build the “big one big. The strategic transformation of the business structure, that is, integrate all personal financial resources throughout the bank, enhance the cooperative innovation and comprehensive development capabilities of retail business, and finally form a unified service platform for customers. In the 2019 financial report announced earlier this year, ICBC officially announced a new strategy for creating the “First person Financial Bank”. . More than 600 million individual customers, more than 1.1 billion personal deposits, and the number of credit card users with breaking 100 million are also an important reason for the “universe” to maintain a leading advantage in the banking industry. In contrast, although CCB’s road to retail starts late, it is more positive. In 2005, after the introduction of a strategic investor, the construction bank changed from the past “where there is construction and where is the CCB” to “CCB Construction Modern Life”, marking that the CCB has begun to start from the company’s business to individual individuals. The change of business. Under the trend of foreign banking investment in the Chinese market at that time, Construction Bank introduced the US retail giant American Bank as an investor to carry out thorough retail transformation, which was also the most representative one in the trend at that time. Hing Bank of America gradually faded out, CCB still implemented a retail strategy firmly. By 2015, the contribution of CCB’s personal banking business to profit for the first time exceeded the company’s banking business and became a real profit engine. In 2017, under the background of accelerating the retail transformation in the global banking industry, CCB came across the slogan of “retail priority”. As of the latest data, CCB has maintained the industry’s first advantage in terms of lending, credit cards, and other businesses. In this context, the retail banking business may be the key to the wrestling. The article shared today compared the various indicators of the two major bank retail business. From the perspective of scale, growth, and health, we presented our true appearance. enjoy ~ ICBC VS CCB: Battle of Retail Finance Tianwang Mountain Text | Dong Yunfeng Source The competition in the field is continuing to upgrade. The CCB formally established a retail priority strategy in 2018. After that, the retail business was fully exerted. In the first half of this year, its retail business profit was close to 100 billion yuan, which was the highest in the industry, and it accounted for 56%. The bank is not comparable. The ICBC has always adhered to the strategy of balanced development. Its retail business does not lose to CCB in terms of volume, but there is a certain gap in asset quality and profitability. In the first half of this year, ICBC formally proposed to build a “First Financial Bank”, trying to make up for shortcomings and establish a leading position. The battle of Tianwang Mountain, the retail finance, will directly affect the stable status of the universe. Nowadays, CCB has a potential for breaking the boat (sacrificing the opposition) and the backwater war. To to to to to to tors, it is also a problem to tilt to retail, how to balance retail, and opposite the father -in -law. In incremental competition to stock competition is an increasingly obvious trend. This means that with the upgrading of the retail war between the two banks, it will directly affect the retail expansion of other commercial banks. Especially the China Merchants Bank, although it has the reputation of the king of retail, but there is a huge gap with ICBC and CCB. At this stage, the advantages of China Merchants Bank are relatively outstanding -the proportion of young customers is high and the profitability is stronger, but the big bank has to catch up, and it still needs to attract enough attention. 1 cost, income and bad debts ICBC has a significant advantage in the deposit scale. In the first half of the year, its personal deposit scale was as high as 11.53 trillion yuan. CCB is 2.2 trillion. . However, the overall deposit cost of CCB, which is due to a higher proportion of the deposit during the current period -reaching 48.92%, 10 percentage points higher than the ICBC, resulting in the overall cost of personal deposits of only 1.73%, compared to it than ICBC is 0.08 percentage points lower. The CCB has a comprehensive dominance on the loan side, especially loan income. The scale of personal loans between ICBC and CCB, but the average income of CCB’s personal loan is 0.13 percentage points higher than ICBC; the main gap is that in the composition of CCB’s personal loan, credit card loans and personal consumer loans with higher income account. The personal loan assets of CCB are better, with a overall non -performing rate of 0.43%, which is 0.22 percentage points lower than that of Workers’ Bank. An important reason is that the non -Rong Bank credit card loan has a high rate of high rates, reaching 2.65%, while CCB is only 1.17%, which is the lowest level in the industry. In the first half of the year, ICBC’s personal business allocated 40.3 billion yuan, and CCB was only 22.7 billion yuan. In summary, CCB has higher spreads, lower bad debts, and naturally has stronger profitability. Although CCB’s personal business revenue in the first half of the year was more than 32.7 billion yuan, the total profit was 17.6 billion yuan higher. 2 personal business comparison Personal housing loan is the core business of two banks. At the end of June, ICBC and CCB’s personal mortgage balances were 5.49 trillion yuan and 5.59 trillion yuan, accounting for about 81%, which was an irrefutable “cockpit stone”. The credit card business, CCB is better. ICBC’s cumulative card issuance is the highest in the industry, reaching 159 million, 20 million more than CCB. However, regardless of the transaction volume, loan balance or asset quality, the CCB has performed better. If for personal consumer loans, CCB expanded against the trend in the first half of the year and successfully surpassed ICBC. The balance reached 255.845 billion yuan. The balance of personal self -service loans of fist products was 234.991 billion yuan, an increase of 61.845 billion yuan from the end of the previous year. During the same period, ICBC’s personal consumption loan balance was 190.441 billion yuan, a decrease of 3.075 billion yuan from the beginning of the year, and the proportion of personal loans decreased from 3.0%to 2.8%. The private banking business, CCB is better, but ICBC grows faster. As of the end of June, ICBC’s financial assets reached 105,623 individual customers with 8 million or more individual customers, an increase of 17.1%over the end of the previous year, and management assets of 1829.9 billion yuan, an increase of 17.7%over the end of the previous year. Compared with the end of the previous year, 10.93%, 153,928 private bank customers, an increase of 7.84%over the end of the previous year. In debit cards, the CCB was 1.162 billion yuan at the end of June. During the same period, ICBC’s debit card volume was 939 million. In this regard, CCB’s financial report mentioned that the bank has increased innovation in the mobile payment field, realized systematic and network -oriented customers, and debit card business foundations have been further consolidated. 3 retail profit ratio The first half of this year, ICBC’s personal business income of 189.175 billion yuan, pre -tax profit of 78.123 billion yuan, a slight decrease of a year -on -year year -on -year; 1.2 percentage points, maintain a stable and rising trend. The retail business of CCB in the same period continued to make high progress: realizing operating income of 156.474 billion yuan, an increase of 17.36%; the total profit was 95.742 billion yuan, an increase of 11.47%, and the profit proportion reached 56.73%, an increase of 11.80 percentage points from the same period last year. At present, the proportion of retail sales of CCB has been inconsistent with China Merchants Bank and Ping An. In this sense, CCB can be regarded as “China Merchants Bank Plus” to a certain extent. It should be pointed out that the soaring profit proportion of CCB’s retail profit is also the result of poor performance in public business. In the first half of the year, the bank’s business revenue for public business was 143.805 billion yuan, reaching 82.207 billion yuan, and the total profit was only 32.425 billion yuan, a year -on -year decrease of 26.10%. Under the same, ICBC looks quite balanced and stable. In the first half of the year, its operating income of public business was 205.897 billion yuan, and the profit before tax was 77.613 billion yuan, accounting for 41.0%, a slight decrease of 0.8 percentage points year -on -year. Under the pressure of “concession” this year, it showed a good toughness. 4 Heavenly Battle of Wangshan It the main advantage of ICBC is the total deposit. The difference in loans between the two is small, but CCB has a higher spread and better risk control, corresponding to more corresponding risk control, corresponding to more more Strong profitability. So the conclusion is that ICBC has a scale advantage and lacks quality advantages. In the next, to build the first person financial bank, ICBC needs to increase the cost of personal deposits by increasing the proportion of deposits in current deposits, increase personal loan yields by expanding credit cards and consumer loans The disadvantage of reducing risks and costs, thereby improving the development quality of retail business in all aspects. , whether the proportion of deposits is increased or expanding credit card and consumer financial business, the core is to improve the level of digital operation and capture more young customer bases. For a long time in the future, the battle of Tianwang Mountain, the retail finance, will be a key variable that affects the valuation of ICBC and CCB. Despite this, under the impact of the epidemic this year, the industry began to reflect in the industry: the proportion of retail business should not be overly emphasized, the higher the data is not as good as possible. Just like the ICBC is the cosmic line, JP Morgan Chase continues to lead, it is precisely its comprehensiveness. sharing is also a force.
The battle of the Tianwang Mountain of this retail finance will directly affect the stable status of the universe. Nowadays, CCB has a potential for breaking the boat (sacrificing the opposition) and the backwater war. To to to to to to tors, it is also a problem to tilt to retail, how to balance retail, and opposite the father -in -law.
-Xin Finance
In the history of China’s retail banking industry, ICBC and CCB’s two major banks are quite representative.
In all the large banks, ICBC’s retail ideas began to wake up the earliest -in 2001, the ICBC head office established the personal financial business department, and transformed the assessment of the retail business from a single deposit operating goal to a comprehensive improvement of business operations. benefit.
By 2006, as the largest commercial bank in China’s assets, Industrial and Commercial Bank of China held the strategic transformation of the retail business, and strived to “build China’s first retail bank”, and proposed to build the “big one big. The strategic transformation of the business structure, that is, integrate all personal financial resources throughout the bank, enhance the cooperative innovation and comprehensive development capabilities of retail business, and finally form a unified service platform for customers.
In the 2019 financial report announced earlier this year, ICBC officially announced a new strategy for creating the “First person Financial Bank”.
. More than 600 million individual customers, more than 1.1 billion personal deposits, and the number of credit card users with breaking 100 million are also an important reason for the “universe” to maintain a leading advantage in the banking industry.
In contrast, although CCB’s road to retail starts late, it is more positive.
In 2005, after the introduction of a strategic investor, the construction bank changed from the past “where there is construction and where is the CCB” to “CCB Construction Modern Life”, marking that the CCB has begun to start from the company’s business to individual individuals. The change of business.
Under the trend of foreign banking investment in the Chinese market at that time, Construction Bank introduced the US retail giant American Bank as an investor to carry out thorough retail transformation, which was also the most representative one in the trend at that time.
Hing Bank of America gradually faded out, CCB still implemented a retail strategy firmly. By 2015, the contribution of CCB’s personal banking business to profit for the first time exceeded the company’s banking business and became a real profit engine.
In 2017, under the background of accelerating the retail transformation in the global banking industry, CCB came across the slogan of “retail priority”. As of the latest data, CCB has maintained the industry’s first advantage in terms of lending, credit cards, and other businesses.
In this context, the retail banking business may be the key to the wrestling.
The article shared today compared the various indicators of the two major bank retail business. From the perspective of scale, growth, and health, we presented our true appearance.
enjoy ~
ICBC VS CCB: Battle of Retail Finance Tianwang Mountain
Text | Dong Yunfeng
Source The competition in the field is continuing to upgrade.
The CCB formally established a retail priority strategy in 2018. After that, the retail business was fully exerted. In the first half of this year, its retail business profit was close to 100 billion yuan, which was the highest in the industry, and it accounted for 56%. The bank is not comparable.
The ICBC has always adhered to the strategy of balanced development. Its retail business does not lose to CCB in terms of volume, but there is a certain gap in asset quality and profitability. In the first half of this year, ICBC formally proposed to build a “First Financial Bank”, trying to make up for shortcomings and establish a leading position.
The battle of Tianwang Mountain, the retail finance, will directly affect the stable status of the universe. Nowadays, CCB has a potential for breaking the boat (sacrificing the opposition) and the backwater war. To to to to to to tors, it is also a problem to tilt to retail, how to balance retail, and opposite the father -in -law.
In incremental competition to stock competition is an increasingly obvious trend. This means that with the upgrading of the retail war between the two banks, it will directly affect the retail expansion of other commercial banks.
Especially the China Merchants Bank, although it has the reputation of the king of retail, but there is a huge gap with ICBC and CCB. At this stage, the advantages of China Merchants Bank are relatively outstanding -the proportion of young customers is high and the profitability is stronger, but the big bank has to catch up, and it still needs to attract enough attention.
1 cost, income and bad debts
ICBC has a significant advantage in the deposit scale. In the first half of the year, its personal deposit scale was as high as 11.53 trillion yuan. CCB is 2.2 trillion.
. However, the overall deposit cost of CCB, which is due to a higher proportion of the deposit during the current period -reaching 48.92%, 10 percentage points higher than the ICBC, resulting in the overall cost of personal deposits of only 1.73%, compared to it than ICBC is 0.08 percentage points lower.
The CCB has a comprehensive dominance on the loan side, especially loan income. The scale of personal loans between ICBC and CCB, but the average income of CCB’s personal loan is 0.13 percentage points higher than ICBC; the main gap is that in the composition of CCB’s personal loan, credit card loans and personal consumer loans with higher income account.
The personal loan assets of CCB are better, with a overall non -performing rate of 0.43%, which is 0.22 percentage points lower than that of Workers’ Bank. An important reason is that the non -Rong Bank credit card loan has a high rate of high rates, reaching 2.65%, while CCB is only 1.17%, which is the lowest level in the industry. In the first half of the year, ICBC’s personal business allocated 40.3 billion yuan, and CCB was only 22.7 billion yuan.
In summary, CCB has higher spreads, lower bad debts, and naturally has stronger profitability. Although CCB’s personal business revenue in the first half of the year was more than 32.7 billion yuan, the total profit was 17.6 billion yuan higher.
2 personal business comparison
Personal housing loan is the core business of two banks. At the end of June, ICBC and CCB’s personal mortgage balances were 5.49 trillion yuan and 5.59 trillion yuan, accounting for about 81%, which was an irrefutable “cockpit stone”.
The credit card business, CCB is better. ICBC’s cumulative card issuance is the highest in the industry, reaching 159 million, 20 million more than CCB. However, regardless of the transaction volume, loan balance or asset quality, the CCB has performed better.
If for personal consumer loans, CCB expanded against the trend in the first half of the year and successfully surpassed ICBC. The balance reached 255.845 billion yuan. The balance of personal self -service loans of fist products was 234.991 billion yuan, an increase of 61.845 billion yuan from the end of the previous year. During the same period, ICBC’s personal consumption loan balance was 190.441 billion yuan, a decrease of 3.075 billion yuan from the beginning of the year, and the proportion of personal loans decreased from 3.0%to 2.8%.
The private banking business, CCB is better, but ICBC grows faster. As of the end of June, ICBC’s financial assets reached 105,623 individual customers with 8 million or more individual customers, an increase of 17.1%over the end of the previous year, and management assets of 1829.9 billion yuan, an increase of 17.7%over the end of the previous year. Compared with the end of the previous year, 10.93%, 153,928 private bank customers, an increase of 7.84%over the end of the previous year.
In debit cards, the CCB was 1.162 billion yuan at the end of June. During the same period, ICBC’s debit card volume was 939 million. In this regard, CCB’s financial report mentioned that the bank has increased innovation in the mobile payment field, realized systematic and network -oriented customers, and debit card business foundations have been further consolidated.
3 retail profit ratio
The first half of this year, ICBC’s personal business income of 189.175 billion yuan, pre -tax profit of 78.123 billion yuan, a slight decrease of a year -on -year year -on -year; 1.2 percentage points, maintain a stable and rising trend.
The retail business of CCB in the same period continued to make high progress: realizing operating income of 156.474 billion yuan, an increase of 17.36%; the total profit was 95.742 billion yuan, an increase of 11.47%, and the profit proportion reached 56.73%, an increase of 11.80 percentage points from the same period last year.
At present, the proportion of retail sales of CCB has been inconsistent with China Merchants Bank and Ping An. In this sense, CCB can be regarded as “China Merchants Bank Plus” to a certain extent.
It should be pointed out that the soaring profit proportion of CCB’s retail profit is also the result of poor performance in public business. In the first half of the year, the bank’s business revenue for public business was 143.805 billion yuan, reaching 82.207 billion yuan, and the total profit was only 32.425 billion yuan, a year -on -year decrease of 26.10%.
Under the same, ICBC looks quite balanced and stable. In the first half of the year, its operating income of public business was 205.897 billion yuan, and the profit before tax was 77.613 billion yuan, accounting for 41.0%, a slight decrease of 0.8 percentage points year -on -year. Under the pressure of “concession” this year, it showed a good toughness.
4 Heavenly Battle of Wangshan
It the main advantage of ICBC is the total deposit. The difference in loans between the two is small, but CCB has a higher spread and better risk control, corresponding to more corresponding risk control, corresponding to more more Strong profitability.
So the conclusion is that ICBC has a scale advantage and lacks quality advantages.
In the next, to build the first person financial bank, ICBC needs to increase the cost of personal deposits by increasing the proportion of deposits in current deposits, increase personal loan yields by expanding credit cards and consumer loans The disadvantage of reducing risks and costs, thereby improving the development quality of retail business in all aspects.
, whether the proportion of deposits is increased or expanding credit card and consumer financial business, the core is to improve the level of digital operation and capture more young customer bases.
For a long time in the future, the battle of Tianwang Mountain, the retail finance, will be a key variable that affects the valuation of ICBC and CCB.
Despite this, under the impact of the epidemic this year, the industry began to reflect in the industry: the proportion of retail business should not be overly emphasized, the higher the data is not as good as possible. Just like the ICBC is the cosmic line, JP Morgan Chase continues to lead, it is precisely its comprehensiveness.
sharing is also a force.