China Net Finance, October 19 (Reporter Zeng Qiang) Entering the fourth quarter, the corner of the third quarter report of the listed banks gradually opened. According to statistics from China Net Finance reporters, in the past week, six listed banks including Bank of Jiangsu, Bank of Chengdu, Bank of Hangzhou, Bank of Changshu, Bank of Sunong and Bank of Xiamen have released their third quarter performance forecasts , each showing double-digit growth in net profit. Among them, the net profit of Jiangsu Bank, Chengdu Bank and Hangzhou Bank increased by over 30%; Changshu Bank and Sunong Bank’s net profit increased by over 20%.
In terms of asset scale, among the six banks, Bank of Chengdu, Bank of Hangzhou, Bank of Changshu, Bank of Sunong, and Bank of Xiamen have disclosed total asset data, namely 907.543 billion yuan, 1,563.443 billion yuan, 284.098 billion yuan, and 175.888 billion yuan respectively at the end of September 2022. RMB 100 million and RMB 363.702 billion, up 18.12%, 12.43%, 15.21%, 10.81%, and 10.38% from the beginning of the year or the end of the previous year, all achieving double digit growth.
In terms of profitability, in the first three quarters of 2022, Bank of Jiangsu, Bank of Chengdu, Bank of Hangzhou, Bank of Changshu, Bank of Sunong, and Bank of Xiamen achieved net profit attributable to shareholders of listed companies of RMB 20.285 billion to RMB 20.597 billion, RMB 6.752 billion, 9.275 billion yuan, 2.079 billion yuan, 1.252 billion yuan, and 1.800 billion yuan, up 30% to 32%, 31.59%, 31.82%, 25.24%, 20% and 25.24% respectively. %.
In terms of asset quality, among the six banks, Bank of Chengdu, Bank of Hangzhou, Bank of Changshu, Bank of Sunong, and Bank of Xiamen have disclosed data on non-performing loan ratios of 0.81%, 0.77%, 0.78 %, 0.94%, and 0.94% respectively at the end of September 2022. 0.86%, down 0.17, 0.09, 0.03, 0.06, and 0.05 percentage points from the beginning of the year or the end of the previous year, respectively .
In response to the “encouraging” performance forecasts revealed by the six listed banks, China Merchants Union Finance chief researcher and Fudan University Financial Research Institute part-time researcher said in an interview with a reporter from China.com. that this year the banking industry has increased its services to the real economy and counter-cyclical The strength of the adjustment, the speed of credit issuance is relatively fast, and the bank’s main profit still comes from the income from interest profit , so the net profit growth will be relatively fast. It is expected that the overall performance of the banking industry in the third quarter of this year will be relatively bright.
Zhou Maohua, a macro researcher at Everbright Bank’s China Financial Market Department, believes that from the rapid report, these listed banks have performed strongly in profit, reflecting the steady recovery of the domestic economy and improvement in the operation of the global economy. ok Banks have increased the supply of credit to the real economy, and banks have optimized their asset liability structures, leading to a continued improvement in bank profitability.
With the intensification of the implementation of macro policies and the effective efforts of the package of policies to stabilize the economy and the ongoing policies, my country’s economy has generally recovered and stabilized in the third quarter. The economy in the fourth quarter is the heaviest in the whole year, and many policies will be more effective in the fourth quarter. Zhou Maohua opined that the entire banking industry’s support and service to the real economy will continue to increase in the fourth quarter. With the further release of the effects of domestic policy and the improvement of real economy operations, it is expected that the general operating conditions The industry will banking continues to be good in the fourth quarter. Return to Sohu, see more
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