In 2018,Bank of NingboIt was once set to use five years to achieve the “Double Two Goals (that is, 2 trillion assets, 20 billionnet profit), Top 100bank” strategic plan. In the newly disclosed 2021 financial report, it is shown that in the past three years alone, one of Ningbo Bank’s “Double Two Goals” has reached the standard, and the other is within easy reach.
The financial report shows that by the end of 2021,Bank of NingboThe total assets were 2015.607 billion yuan, breaking the 2 trillion mark for the first time, and an increase of 23.90% over the end of the previous year.
At the same time, the company will achieveOperating income52.774 billion yuan, a year-on-year increase of 28.37%; net profit of 19.546 billion yuan, a year-on-year increase of 29.87%, which is only one step away from the 20 billion profit.At the end of the reporting period, the company was listed on A-sharesbankChina’s valuation continued to lead, with a total market value of over 250 billion at the end of the year, ranking listed on the marketbank10th.
The scale of operation and operating performance have achieved remarkable results, but compared with the previous “Double Two Targets, Top 100 Banks”,Bank of NingboIn recent years, the focus has been close to the original intention of the banking industry to serve entities.
Focus on the main business, serve small and micro entities
In 2021, the Bank of Ningbo will focus on the requirement of “focusing on the main business and serving entities”, and the company will further increase its efforts in key areas such as inclusive small and micro businesses, manufacturing and green finance.creditstrength of support.
As of the end of 2021, the deposit balance of Ningbo Bank was 1,052.887 billion yuan, a year-on-year increase of 13.80%; loans were 862.709 billion yuan, a year-on-year increase of 25.45%; the total number of corporate customers was 490,000, an increase of 29,000 from the beginning of the year.
announcementAmong them, Bank of Ningbo pointed out that more than 90% of the aforementioned 490,000 corporate customers are small and micro enterprises and private enterprises.
At the same time, thanks to the optimization of small and micro financing process, services, active connection with small and micro merchants, special promotion of inclusive extension, inclusive agriculture-related and first loan households, etc., Bank of Ningbo will successfully achieve “two increases and two increases” in 2021. Control”, the completion degree is also in the leading level in the same industry.
Data shows that by the end of 2021, the Bank of Ningbo had 82,700 inclusive small and micro enterprise customers, an increase of 18% from the end of the previous year; the balance of inclusive small and micro enterprise loans was 122.2 billion yuan, an increase of 35% from the end of the previous year; Average value of loans to small and micro enterprisesinterest rate6.17%, down 40 basis points year-on-year.
Risk control indicators continue to lead peers
In the two years when the global new crown pneumonia was raging, Bank of Ningbo’s risk control ability through the cycle was further reflected.
As of the end of 2021, the balance of non-performing loans of Bank of Ningbo was 6.619 billion yuan, and the balance of loans overdue for more than 90 days was 4.684 billion yuan. The non-performing identification continued to maintain a strong prudence. The non-performing loan ratio was 0.77%, down 0.02 percentage points from the end of the previous year and 0.01 percentage points from the end of the third quarter.
In addition, as of the end of the year, the company’s provision coverage ratio was 525.52%, an increase of 19.93 percentage points from the end of the previous year and an increase of 10.2 percentage points from the third quarter.
according toChoice dataIt shows that, combined with the average levels of NPL ratio and provision coverage ratio of listed banks in the annual reports published as of April 6 (the averages are 1.26% and 286.88 respectively), the NPL ratio and provision level of Bank of Ningbo not only continue to maintain the middle-high level of listed banks Excellent level, and achieve further marginal optimization.
In this regard, the Bank of Ningbo pointed out in its annual report that in 2021, the bank will continue to implement a matrix management system that separates the front, middle and back offices and integrates sections and blocks, and guards against major defects, cases, and major system failures. Bottom line.
It is worth noting that Bank of Ningbo still maintains a record: the company’s non-performing ratio has never exceeded 1% since the global financial crisis in 2009.
Analysts believe that the company’s loan provision continues to be at a high level, the risk exposure related to real estate and urban investment is extremely small, and the risk control background and confidence in risk control are expected to continue to be maintained.
Model transformation accelerates
“Big banks can’t do well, but small banks can’t do it.” During the year, Bank of Ningbo threw out keywords closely related to its own characteristic business strategy. On the basis of attaching importance to its industry position, it gave full play to its multi-profit center characteristics. , which further developed a model that is different from the traditional commercial banking model that relies on interest margins.
In terms of structure, Bank of Ningbo has formed 12 profit centers including corporate banking, retail company, wealth management, private banking, personal credit, remote banking, credit card, investment banking, asset custody, bill business, financial market, and asset management. , forming a win-winfundYongying Leasing, Ningyinfinancial management3 profit centers.
In terms of linkage, the parent bank and subsidiaries of Bank of Ningbo Group have frequent and efficient linkages. The digital upgrade has made the interaction between the group’s business branches smooth. In terms of services, it can reach entities and small and micro businesses, and touch the excellent business capabilities of comprehensive wealth management. Powerful business closed-loop benefits.
Benefiting from the moat advantage built by business groups and linkage benefits, the company’s profitability has been further optimized. In 2021, Bank of Ningbo will realize non-interest income of 20.077 billion yuan, a year-on-year increase of 51.50%, accounting for 38.04% of the operating income, of which the net fee and commission income is 8.262 billion yuan, a year-on-year increase of 30.27%, accounting for 38.04% of the operating income. was 15.66%.
Also thanks to the increase in the proportion of non-interest income, the company further got rid of the bottleneck of the balance sheet and realized the improvement of capital efficiency.
The financial report shows that the weighted average return on equity of Ningbo Bank in 2021 will be 16.63%, an increase of 1.73 percentage points from the end of the previous year.
According to the profit distribution plan, Bank of Ningbo plans to distribute cash dividends of 5 yuan (tax included) for every 10 shares.
(Article source: Financial Associated Press)