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ICBC earned 930 million yuan a day in the first half of the year! The non-performing loan ratio fell

Original title: ICBC earned 930 million a day and realized a net profit of 168.690 billion. The non-performing loan ratio decreased for ten consecutive quarters

On the evening of August 29, the interim performance of 'Cosmic travel' in 2019 was officially unveiled! In the first half of this year, industrial and Commercial Bank of China (601398. SH) achieved a net profit of 168.690 billion yuan (Group caliber, the same below), a year-on-year increase of 5.0% and a daily profit of nearly 930 million yuan. The bank's profit before provision grew faster, reaching 9.9%. The operating revenue was 442.915 billion yuan, a year-on-year increase of 14.3%. It is worth mentioning that the asset quality of the bank continued to improve. At the end of June, the non-performing loan ratio was 1.48%, which has decreased for ten consecutive quarters.

ROA and roe decreased

Specifically analyzing ICBC's income statement, we can see that on the income side, the bank's net interest income in the first half of 2019 was 299.301 billion yuan, a year-on-year increase of 7.8%, while the non interest income increased by 30.8% to 143.614 billion yuan. Among the non interest income, the net income from handling fees and commissions was 88.501 billion yuan, an increase of 11.7%.

On the expenditure side, the bank's operating expenses in the first two quarters of this year totaled 233.984 billion yuan, an increase of 21.7%, of which the provision for impairment losses of various assets was 99.180 billion yuan, a year-on-year increase of 18.8%. Among the impairment losses of various assets, loan impairment losses accounted for more than 90%, a total of 91.896 billion yuan, an increase of 18.5%.

In addition, the reporter also noted that ICBC has declined in some profitability indicators. The bank's annualized average return on total assets (ROA) is 1.17%, and the annualized weighted average return on equity (ROE) is 14.41%. Both ROA and roe have declined for many consecutive years. At the same time, ICBC's net interest margin and net interest margin are also narrowing, with net interest margin and net interest margin of 2.13% and 2.29% respectively, down 3 basis points and 1 basis point respectively year-on-year.

The non-performing loan ratio decreased for 10 consecutive quarters

In terms of asset quality, at the end of June, the non-performing loan ratio of ICBC was 1.48%, a decrease of 0.04 percentage point compared with the end of the previous year, and the balance of non-performing loans was 240.086 billion yuan. It is worth mentioning that the non-performing loan ratio of ICBC has decreased for 10 consecutive quarters.

In addition, it is worth noting that the scale of loans concerned by ICBC has been reduced, with a month on month decrease of 9.951 billion yuan, accounting for 2.71% of the total loans, a month on month decrease of 0.21 percentage points.

The reporter noted that since the third quarter of last year, the provision coverage of ICBC has increased steadily. The provision coverage ratio increased by 16.26 percentage points to 192.02% over the end of the previous year, and the loan provision ratio was 2.83%, an increase of 0.15 percentage points. At the end of June, the balance of provision for loan impairment reached 461.016 billion yuan.

From the perspective of different loan business types, the proportion of ICBC's personal loans in total loans increased compared with the end of last year, and the balance of personal loans was 6038.4 billion yuan, an increase of 7.1% over the end of last year. Among them, personal housing loans, which accounted for more than 80% of personal loans, also increased by 7.1%, while personal business loans were the fastest growing type of retail loans, with a total increase of 85.981 billion yuan, an increase of 39.8%. ICBC said that the growth rate of personal business loans was close to 40%, mainly due to the rapid growth of online loan products in inclusive areas such as e credit fast loan and business fast loan.

In terms of capital adequacy ratio, as of the end of June, the core tier 1 capital adequacy ratio, tier 1 capital adequacy ratio and capital adequacy ratio of ICBC were 12.74%, 13.19% and 15.75% respectively. In addition to the capital adequacy ratio, the other two indicators decreased compared with the end of last year, and the core tier 1 capital adequacy ratio and tier 1 capital adequacy ratio decreased by 0.24 and 0.26 percentage points respectively month on month, The reporter noted that ICBC has completed the issuance of 80 billion perpetual bonds last month, and the bank's capital will be supplemented to a certain extent.