Bank of China’s NPL ratio continues to decline for three years

Bank of China’s NPL ratio continues to decline for three years
On March 27, Bank of China announced its 2019 performance report: Realizing After-tax Profit 2018.9.1 billion US dollars, shareholders should enjoy after-tax profits of 1874.05 billion, an increase of 4 each year.91%, 4.06%.NPL ratio 1.37%, down by 0 every year.05 averages, a three-year drop.Fintech is the new venue for banks to show their muscles in recent years, and Bank of China is also continuing to exert its strength.In the second half of 2019, Bank of China adjusted its personal financial business organization structure and established a personal digital finance department.The financial report shows that the Bank of China has increased investment in the field of financial technology, and in 2019 the entire bank will invest 116 in information technology.5.4 billion, an annual increase of 15.15%.The substitution rate of electronic channels to outlets reached 93.93%; the highest transaction amount of mobile banking reached 28 trillion U.S. dollars, on the basis of a large increase of 80% in 2018, it continued to grow 41%.The initial dissolution of 153.1 billion US dollars, net profit increased by 4.91% In 2019, the operating performance of the Bank of China has risen steadily.As of the end of December 2019, the group’s assets consolidated to 22.77 trillion, an increase of 7 from the end of last year.At 06%, the balance of group loans and bond investment in assets increased by 1 compared with the end of the previous year.8 and 0.2 averages. The after-tax profit was initially realized at 209.0 billion yuan, an increase of 4 over the previous year.91%.Capital adequacy ratio 15.59%, an increase of 0 from the end of last year.62 averages.Wang Jiang, president of the Bank of China, who has just assumed his new position, said that the main driving factors for the improvement in operating performance include: steady growth in operating income and 5500 in group operating income.1 billion yuan, an increase of 9 over the previous year.17%, of which, non-interest income grew by 21 in ten years.97%, the proportion increased by 3.36 single; accelerated development of key strategic areas, and personal financial business operating income increased by 7 per year.61%, comprehensive operations, financial markets and other advantageous businesses have maintained good development momentum.Performance improvement is also inseparable from the stability of asset quality.In 2019, the Bank of China’s non-performing loan ratio fell by 0 from the end of the previous year.In 05 counts, the “scissors gap” between overdue loans and non-performing loans was negative $ 15.6 billion.The reporter noted that the NPL ratio of Bank of China has declined for three consecutive years, from 1 in 2016-2019.46%, 1.45%, 1.42%, 1.37%.The financial report shows that the bank has achieved breakthroughs in the resolution of key non-performing projects in 2019, and the internal bank has resolved non-performing assets of 153.1 billion US dollars.As of the end of December 2019, the group’s provision coverage was renewed by 182.86%, up by 0 from the end of last year.89 averages.From the perspective of supporting the development of the real economy, as of the end of December 2019, the Bank of China’s domestic RMB loans increased by 1.0502 trillion US dollars, an increase of 11 from the end of the previous year.7%.Medium- and long-term manufacturing loans and high-tech manufacturing loans grew steadily.Inclusive financial loans increased by 38% over the end of last year, and the comprehensive financing cost of loans was further reduced.Initially, loans for private enterprises have been issued1.96 trillion yuan, accounting for 36 of the corporate loans issued.78%, an increase of 2 from the previous year.16 averages.Bank lending capacity also determines capital strength.During the epidemic, budget officials repeatedly mentioned the need to broaden the bank ‘s capital replenishment channels. In fact, earlier, due to the accelerated “return to the table” of off-balance sheet business, the wealth management subsidiaries established direct consumption of bank capital, and other reasonsThe demand is very urgent.In 2019, BOC also accelerated the replenishment of external capital, increased innovation in capital instruments, and issued the first domestic perpetual bond.Initially supplement external capital of 210 billion yuan, and capital merger by the end of the year15.59%, an increase of 0 from the end of last year.With a total of 62, the capital base was further consolidated.The establishment of a personal digital finance department, the electronic channel to the network business replacement rate reached 93.Bank of China, 93% leading in advanced level, will continue to “weave the web” overseas in 2019.The financial report shows that in 2019, Bank of China will continue to improve its global service network, and establish new branches in Mumbai, Athens, Buenos Aires, etc., with overseas institutions covering 61 countries and regions.Actively serve and promote RMB internationalization, cross-border RMB settlement volume, and clearing volume remain first in the world.The Japanese RMB clearing bank opened and was appointed as the Philippine RMB clearing bank. It has 13 seats among the 27 RMB clearing banks in the world and continues to maintain the number one position in the industry.A high-frequency word in the financial report is financial technology.2019 is the first year of 5G. BOC has built 5G smart + series of brand outlets, and launched “Bank of China 5G Smart + Life Pavilion” in Beijing and Tianjin respectively.In addition, BOC stated that in accordance with the development trend of fintech, a personal digital finance department was established, with a digital platform center and a private banking center, to fully upgrade the personal financial business development model.Grasp the trend of consumption upgrade, establish a consumer finance department, and build a comprehensive consumer financial service system.In 2019, the replacement rate of outlets of BOC’s electronic channels will reach 93.93%, the electronic channel transaction amount reached 243.77 trillion, an increase of 9 in ten years.05%.Among them, the number of mobile banking customers reached 1.8.1 billion households, the transaction amount reached 28.28 trillion, an increase of 41 per year.17% is the online trading channel with the most active customers.The use of BOC Mobile Banking is also increasingly integrated.In 2018, Bank of China’s overseas mobile banking service covered 18 countries and regions around the world. In 2019, it covered 27 countries and regions, supporting 10 languages, covering 13 categories, and more than 60 services.Sauna, Ye Wang Cheng Weimiao Editor Zhao Ze proofreading Liu Baoqing