1 thought on “The asset scale exceeds 7 trillion CITIC Bank’s “three driving and drive” balanced development”
Evan
Author: Yuan Yiman On the evening of August 27, 2020, CITIC Bank (601998.SH) released the semi -annual report in 2020. The report shows that CITIC Bank’s net profit attributable to the company’s shareholders in the first half of 2020 was 25.541 billion yuan, and operating income achieved 102013 billion yuan, an increase of 9.51%year -on -year. The income ratio was 63.6%, and the net income of non -interest was 37.078 billion yuan, an increase of 17.19%year -on -year, accounting for 36.4%of the total revenue, and the income structure tended to be balanced. At the same time, the report shows that the scale of CITIC Bank’s assets has also shown a rapid growth. At the end of the reporting period, its asset scale reached 7080.616 billion, an increase of 4.89%over the end of the previous year, an increase of 10.66%year -on -year, and the loan scale reached reached reached 4214.523 billion, an increase of 5.42%over the end of the previous year, an increase of 9.87%year -on -year, and the deposit scale reached 4443.816 billion, an increase of 11.06%year -on -year, an increase of 10.03%over the end of the previous year, an increase of more than 400 billion yuan, creating a creation of 400 billion yuan. It has a record high. Then in the British “Banker” magazine this year’s “Global Fortune 500 Rankings”, CITIC Bank ranked 21st, and the first -level capital was in the British “Banker” magazine “World Ranking of 1,000 Banks” It ranks 24th in China, and its brand value and comprehensive strength have been widely recognized. The comprehensive improvement in the quality and efficacy of the interest in the real economy The executive meeting held on June 17, 2020 The State Council executive meeting proposed that “guide financial institutions to further make reasonable benefits to enterprises and help stabilize the basic economic market.” As one of the most powerful commercial banks in China, CITIC Bank has grown rapidly in the wave of China’s economic development. It has now become a national commercial bank with strong comprehensive competitiveness. During the reporting period, CITIC Bank conscientiously implemented the Party Central Committee, and The State Council and regulatory departments require that actively supporting enterprises before and after the epidemic period, and increase the credit investment in manufacturing and inclusive small and micro enterprises. The report shows that as of the end of the reporting period The balance was 691.825 billion yuan, an increase of 82.217 billion yuan from the end of the previous year. The number of loan balance customers was 135,100, an increase of 16,700 households at the end of the previous year. Yuan, the growth rate of loans was 10.70%, which was about 5 percentage points higher than the growth rate of various loans. The general manager of CITIC Bank’s inclusive Finance Wu Jun said that in the first half of 2020, inclusive finance showed good development in terms of scale, increased households, decline in cost, and excellent quality. Not only that, CITIC Bank also gives a periodic delay and repayment of principal and interest arrangements for enterprises that are temporarily affected by the epidemic. In addition, CITIC Bank also set up the inclusive finance department in 20 key branches, and established and prepared 6 small and micro branches. Human online inclusive finance “cloud business hall”. And in terms of inclusive financial services, CITIC Bank also clarified the inclusive financial business model of “online, professionalization, intensive, intelligent”, and continued to optimize “chain finance” products, develop “logistics E loan, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, and silver Tax E loan, tariff E loan “and other online credit loan products have comprehensively improved CITIC Bank’s mobile and open inclusive service capabilities. If this, CITIC Bank stated that it will continue to conscientiously implement the important deployment of the Party Central Committee and the State Council on serving the real economy, supporting small and micro enterprises, and developing inclusive finance, actively implement the requirements of the People’s Bank of China and the Banking Insurance Regulatory Commission, and adhere to the ” With feelings, mission, temperature, and benevolence “development concept, focus on the” six stability “work and” six guarantees “tasks, give full play to the characteristics of” party building inclusive “, fully overcome the impact of the new crown epidemic, according to marketization and legal system In the principle ofization, we must grasp business development in one hand, grasp risk prevention and control, and strive to build a “value inclusive” system. Through a series of “temperature” financial support, the high -quality development of small and micro enterprises’ financial services is promoted. In increased the provision of the provision of the “security cushion” credit structure continuous optimization The chairman of the CBRC Guo Shuqing on August 14, 2020 pointed out in an interview with the media that “the epidemic is still greater uncertainty The financial risks brought about also have a certain stagnation. It is expected that the risk of considerable large -scale loans will be delayed. “It is required to increase the withdrawal and extraction of financial institutions in advance to improve future risk resistance capabilities. In this context, CITIC Bank actively cooperates with the implementation of the national and regulatory departments’ policies to increase the intensity of profit and allocating extraction from the real economy, so that its own ability to respond to risks will be further enhanced, and the “safe pads” will be thickened. According to CITIC Bank, released by CITIC Bank The half -annual report in 2020 shows that as of the end of the reporting period, its non -performing loan balance was 77.287 billion yuan, and the non -performing loan ratio was 1.83%. Rap 0.32 percentage points. In this regard, Hu Yan, deputy governor and risk director of CITIC Bank, said at the performance conference that “the impact of the epidemic on the quality of our banks is still there, and the adverse rate has risen, but the amplitude is limited. But compared with the first quarter, the decline, and the new bad incidence of company loans in the first half of the year still decreased by 30%compared with last year. N is not only that, Hu Yan also said that in terms of public loans, CITIC Bank mainly tilted towards industries and regions with good risk income and decreased the risk of customer concentration. In the first half of the year In terms of environment, there are also leasing and business services. According to the report, as of the end of the report, CITIC Bank’s loan leasing and commercial services, the total amount of water conservancy, environment and public facilities management is among the top two. %, An increase of 2.97 percentage points from the end of the previous year. The balance of manufacturing loans was 300.467 billion yuan, an increase of 1.20 percentage points from the end of the previous year. From the perspective of growth, water conservancy, environment and public facilities management industry, manufacturing, leasing and commercial services The production and supply of electricity, gas, and water grows relatively rapidly, and increased by 22.47%, 16.61%, 12.46%, and 11.28%compared with the end of the previous year, which were higher than the average growth rate of corporate loans. At the same time, it is understood that nearly half of CITIC Bank’s retail loans are housing mortgage loans, and the overall asset quality performs well. Even if the credit card business is affected, it has improved compared with the first quarter. In addition, from a regional perspective, it is well known that accommodation, catering, tourism and entertainment, and transportation industries in Hubei are relatively seriously affected by the epidemic, but the report shows that the proportion of loans for the three major industries of CITIC Bank in the Wuhan Branch of CITIC Bank does not account for not. High, of which high -quality customers account for 76%, and large enterprises account for 50%, so the overall affects less. With the continuous optimization of the credit structure, the asset quality of CITIC Bank has been further guaranteed. The comprehensive empowerment of fintech comprehensive empowerment to show the trend of “side by side” in the first half of 2020 due to the affected factors of the epidemic. On the one hand, CITIC Bank improved risk resistance. Grasp the development opportunities of various business. It is understood that CITIC Bank has achieved rapid development in all aspects of science and technology core capabilities, technological anti -“epidemic”, new technology applications, and agility transformation of the organization. Relying on the “CITIC Brain”, the artificial intelligence model center and artificial intelligence efficiency center has been created, and nearly 200 AI application models are quickly launched. Important productivity of transformation and development. Not only that, the research and development and application of CITIC Bank’s blockchain technology has also maintained the leading level of the industry. At present, it has formed a new model of the blockchain application, and has achieved multi -point breakthroughs and applications in multiple scenarios. In addition, CITIC Bank ’s technology agile organization transformation has also begun to achieve results. At present, the operating procedures, mechanisms and work models of the 33 research and development fields of the current banks are initially formed. The rate reached 100%. In this, CITIC Bank continues to make efforts in channel construction, intelligent application, scene expansion, payment innovation and inclusive financial services. In terms of digital channels, the CITIC Bank’s epidemic period has accelerated the promotion of the “zero contact” business model, promoted the transformation of retail banking business in the direction of online and intelligent, and successively released private product online double -record sales, mobile banking letter chat, etc. Special online service; in terms of intelligent applications, CITIC Bank has also strengthened the digital operation of long -tail customers to build a long -tail customer label factory. The current customer label is more than 1,000. After the customer’s reaching and conversion efficiency, the report showed that in the first half of 2020, CITIC Bank achieved intelligent recommendations of more than 142 million times, and online marketing customer group financial sales scale reached 155.097 billion yuan. The technical broadening service boundary, now has 24 products and services such as electronic accounts, salary pots, and party expenses. It has built many scenarios such as health, abroad, party building and other scenarios with more than 100 external head platforms. Provide customers with “finance non -finance” comprehensive services; in terms of payment innovation, CITIC Bank continues to innovate product functions such as E housekeeper, Xinyin Zhi Zhi, Full Payment, Cloud Point Single, etc. The increase in customer quantity. and with the help of the new model of digital transformation and the comprehensive empowerment of fintech, CITIC Bank’s various businesses have also been strongly helped and achieved rapid development. In terms of the company’s banking business, CITIC Bank revenue achieved 44.193 billion yuan in the first half of 2020, accounting for 45.2%of the net income of business; in terms of retail business, the bank focused on promoting the three major businesses of assets, wealth management, and payment settlement. Data and precision marketing technology, actively innovate mobile channels and platform customer acquisition models, and continuously improve the customer operation and service experience, and achieve rapid growth in performance. Yuan, a year -on -year increase of 15.94%, accounting for 38.51%of the net income of business; in terms of financial market business, CITIC Bank achieved a good start to continuously improve the profitability, light development capabilities and differentiated competition. During the reporting period of the market business, revenue achieved 13.943 billion yuan, an increase of 44.77%year -on -year, accounting for 14.26%of the net income of business. It can be seen that the current CITIC Bank has formed a company bank as the main body, retail bank and financial market as the two wings. The business structure is gradually developing in a balanced direction in the direction of “three driving”.
Author: Yuan Yiman
On the evening of August 27, 2020, CITIC Bank (601998.SH) released the semi -annual report in 2020. The report shows that CITIC Bank’s net profit attributable to the company’s shareholders in the first half of 2020 was 25.541 billion yuan, and operating income achieved 102013 billion yuan, an increase of 9.51%year -on -year. The income ratio was 63.6%, and the net income of non -interest was 37.078 billion yuan, an increase of 17.19%year -on -year, accounting for 36.4%of the total revenue, and the income structure tended to be balanced.
At the same time, the report shows that the scale of CITIC Bank’s assets has also shown a rapid growth. At the end of the reporting period, its asset scale reached 7080.616 billion, an increase of 4.89%over the end of the previous year, an increase of 10.66%year -on -year, and the loan scale reached reached reached 4214.523 billion, an increase of 5.42%over the end of the previous year, an increase of 9.87%year -on -year, and the deposit scale reached 4443.816 billion, an increase of 11.06%year -on -year, an increase of 10.03%over the end of the previous year, an increase of more than 400 billion yuan, creating a creation of 400 billion yuan. It has a record high.
Then in the British “Banker” magazine this year’s “Global Fortune 500 Rankings”, CITIC Bank ranked 21st, and the first -level capital was in the British “Banker” magazine “World Ranking of 1,000 Banks” It ranks 24th in China, and its brand value and comprehensive strength have been widely recognized.
The comprehensive improvement in the quality and efficacy of the interest in the real economy
The executive meeting held on June 17, 2020 The State Council executive meeting proposed that “guide financial institutions to further make reasonable benefits to enterprises and help stabilize the basic economic market.” As one of the most powerful commercial banks in China, CITIC Bank has grown rapidly in the wave of China’s economic development. It has now become a national commercial bank with strong comprehensive competitiveness. During the reporting period, CITIC Bank conscientiously implemented the Party Central Committee, and The State Council and regulatory departments require that actively supporting enterprises before and after the epidemic period, and increase the credit investment in manufacturing and inclusive small and micro enterprises. The report shows that as of the end of the reporting period The balance was 691.825 billion yuan, an increase of 82.217 billion yuan from the end of the previous year. The number of loan balance customers was 135,100, an increase of 16,700 households at the end of the previous year. Yuan, the growth rate of loans was 10.70%, which was about 5 percentage points higher than the growth rate of various loans.
The general manager of CITIC Bank’s inclusive Finance Wu Jun said that in the first half of 2020, inclusive finance showed good development in terms of scale, increased households, decline in cost, and excellent quality. Not only that, CITIC Bank also gives a periodic delay and repayment of principal and interest arrangements for enterprises that are temporarily affected by the epidemic.
In addition, CITIC Bank also set up the inclusive finance department in 20 key branches, and established and prepared 6 small and micro branches. Human online inclusive finance “cloud business hall”. And in terms of inclusive financial services, CITIC Bank also clarified the inclusive financial business model of “online, professionalization, intensive, intelligent”, and continued to optimize “chain finance” products, develop “logistics E loan, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, silver, and silver Tax E loan, tariff E loan “and other online credit loan products have comprehensively improved CITIC Bank’s mobile and open inclusive service capabilities.
If this, CITIC Bank stated that it will continue to conscientiously implement the important deployment of the Party Central Committee and the State Council on serving the real economy, supporting small and micro enterprises, and developing inclusive finance, actively implement the requirements of the People’s Bank of China and the Banking Insurance Regulatory Commission, and adhere to the ” With feelings, mission, temperature, and benevolence “development concept, focus on the” six stability “work and” six guarantees “tasks, give full play to the characteristics of” party building inclusive “, fully overcome the impact of the new crown epidemic, according to marketization and legal system In the principle ofization, we must grasp business development in one hand, grasp risk prevention and control, and strive to build a “value inclusive” system. Through a series of “temperature” financial support, the high -quality development of small and micro enterprises’ financial services is promoted.
In increased the provision of the provision of the “security cushion” credit structure continuous optimization
The chairman of the CBRC Guo Shuqing on August 14, 2020 pointed out in an interview with the media that “the epidemic is still greater uncertainty The financial risks brought about also have a certain stagnation. It is expected that the risk of considerable large -scale loans will be delayed. “It is required to increase the withdrawal and extraction of financial institutions in advance to improve future risk resistance capabilities. In this context, CITIC Bank actively cooperates with the implementation of the national and regulatory departments’ policies to increase the intensity of profit and allocating extraction from the real economy, so that its own ability to respond to risks will be further enhanced, and the “safe pads” will be thickened. According to CITIC Bank, released by CITIC Bank The half -annual report in 2020 shows that as of the end of the reporting period, its non -performing loan balance was 77.287 billion yuan, and the non -performing loan ratio was 1.83%. Rap 0.32 percentage points. In this regard, Hu Yan, deputy governor and risk director of CITIC Bank, said at the performance conference that “the impact of the epidemic on the quality of our banks is still there, and the adverse rate has risen, but the amplitude is limited. But compared with the first quarter, the decline, and the new bad incidence of company loans in the first half of the year still decreased by 30%compared with last year. N is not only that, Hu Yan also said that in terms of public loans, CITIC Bank mainly tilted towards industries and regions with good risk income and decreased the risk of customer concentration. In the first half of the year In terms of environment, there are also leasing and business services. According to the report, as of the end of the report, CITIC Bank’s loan leasing and commercial services, the total amount of water conservancy, environment and public facilities management is among the top two. %, An increase of 2.97 percentage points from the end of the previous year. The balance of manufacturing loans was 300.467 billion yuan, an increase of 1.20 percentage points from the end of the previous year. From the perspective of growth, water conservancy, environment and public facilities management industry, manufacturing, leasing and commercial services The production and supply of electricity, gas, and water grows relatively rapidly, and increased by 22.47%, 16.61%, 12.46%, and 11.28%compared with the end of the previous year, which were higher than the average growth rate of corporate loans. At the same time, it is understood that nearly half of CITIC Bank’s retail loans are housing mortgage loans, and the overall asset quality performs well. Even if the credit card business is affected, it has improved compared with the first quarter. In addition, from a regional perspective, it is well known that accommodation, catering, tourism and entertainment, and transportation industries in Hubei are relatively seriously affected by the epidemic, but the report shows that the proportion of loans for the three major industries of CITIC Bank in the Wuhan Branch of CITIC Bank does not account for not. High, of which high -quality customers account for 76%, and large enterprises account for 50%, so the overall affects less. With the continuous optimization of the credit structure, the asset quality of CITIC Bank has been further guaranteed.
The comprehensive empowerment of fintech comprehensive empowerment to show the trend of “side by side”
in the first half of 2020 due to the affected factors of the epidemic. On the one hand, CITIC Bank improved risk resistance. Grasp the development opportunities of various business. It is understood that CITIC Bank has achieved rapid development in all aspects of science and technology core capabilities, technological anti -“epidemic”, new technology applications, and agility transformation of the organization. Relying on the “CITIC Brain”, the artificial intelligence model center and artificial intelligence efficiency center has been created, and nearly 200 AI application models are quickly launched. Important productivity of transformation and development. Not only that, the research and development and application of CITIC Bank’s blockchain technology has also maintained the leading level of the industry. At present, it has formed a new model of the blockchain application, and has achieved multi -point breakthroughs and applications in multiple scenarios. In addition, CITIC Bank ’s technology agile organization transformation has also begun to achieve results. At present, the operating procedures, mechanisms and work models of the 33 research and development fields of the current banks are initially formed. The rate reached 100%.
In this, CITIC Bank continues to make efforts in channel construction, intelligent application, scene expansion, payment innovation and inclusive financial services. In terms of digital channels, the CITIC Bank’s epidemic period has accelerated the promotion of the “zero contact” business model, promoted the transformation of retail banking business in the direction of online and intelligent, and successively released private product online double -record sales, mobile banking letter chat, etc. Special online service; in terms of intelligent applications, CITIC Bank has also strengthened the digital operation of long -tail customers to build a long -tail customer label factory. The current customer label is more than 1,000. After the customer’s reaching and conversion efficiency, the report showed that in the first half of 2020, CITIC Bank achieved intelligent recommendations of more than 142 million times, and online marketing customer group financial sales scale reached 155.097 billion yuan. The technical broadening service boundary, now has 24 products and services such as electronic accounts, salary pots, and party expenses. It has built many scenarios such as health, abroad, party building and other scenarios with more than 100 external head platforms. Provide customers with “finance non -finance” comprehensive services; in terms of payment innovation, CITIC Bank continues to innovate product functions such as E housekeeper, Xinyin Zhi Zhi, Full Payment, Cloud Point Single, etc. The increase in customer quantity.
and with the help of the new model of digital transformation and the comprehensive empowerment of fintech, CITIC Bank’s various businesses have also been strongly helped and achieved rapid development. In terms of the company’s banking business, CITIC Bank revenue achieved 44.193 billion yuan in the first half of 2020, accounting for 45.2%of the net income of business; in terms of retail business, the bank focused on promoting the three major businesses of assets, wealth management, and payment settlement. Data and precision marketing technology, actively innovate mobile channels and platform customer acquisition models, and continuously improve the customer operation and service experience, and achieve rapid growth in performance. Yuan, a year -on -year increase of 15.94%, accounting for 38.51%of the net income of business; in terms of financial market business, CITIC Bank achieved a good start to continuously improve the profitability, light development capabilities and differentiated competition. During the reporting period of the market business, revenue achieved 13.943 billion yuan, an increase of 44.77%year -on -year, accounting for 14.26%of the net income of business. It can be seen that the current CITIC Bank has formed a company bank as the main body, retail bank and financial market as the two wings. The business structure is gradually developing in a balanced direction in the direction of “three driving”.