Beijing bank's growth rate of retail deposits and loans in 2019 exceeded 20%. At the end of the first quarter of this year, the overall bad rate rose slightly compared with the beginning of the ye
Economic Observer network reporter Huang Lei On the evening of April 27th, the Beijing Bank (601169.SH) issued its 2019 annual report and a quarterly 2020 report.
Overall, as at the end of 2019, the total assets of Beijing banks were 3 trillion and 440 billion yuan, including 2 trillion and 740 billion yuan in the table, 6.4% higher than the beginning of the year. The total loan amount was 1 trillion and 450 billion yuan, an increase of 14.6%, and the total amount of deposits was 1 trillion and 530 billion yuan, an increase of 10.3%. Annual net profit of 21 billion 400 million yuan to the parent company, an increase of 7.2% over the same period of last year, operating income of 63 billion 100 million yuan, an increase of 13.8%, net interest margin of 1.95%, an increase of 7bp compared with the same period last year, and a cost income ratio of 23.2%.
In terms of asset quality, at the end of 2019, the non-performing loan ratio of Beijing bank was 1.40%, 0.06 percentage points lower than the beginning of the year, the provision coverage rate was 224.69%, and the loan to loan ratio was 3.15%. The generation rate of non-performing loans was 0.93%, down 57bp from last year. By the end of 2019, the overdue loan rate of Beijing bank was 1.85%, which was 0.12 percentage points lower than that of the beginning of the year. The overdue 90 day loan has all been downgraded to bad. The ratio of overdue loans (over 90 days' loans to bad loans) was 59.87%, a 32.39 percentage point decrease from the beginning of the year.
At the end of the first quarter of 2020, the total assets of Beijing bank were 2 trillion and 790 billion yuan, up 1.87% from the beginning of the year. From the beginning of 2020 to the end of March, the bank's operating income was 17 billion 843 million yuan, an increase of 5.09% over the same period last year and a net profit of 6 billion 667 million yuan, an increase of 5.26% over the same period last year.
By the end of 3, the Beijing bank's non-performing loan ratio increased by 0.07 percentage points to 1.47% compared with the beginning of the year, and the provision coverage rate increased by 5.87 percentage points to 230.56%.
Bank of Beijing said that in 2019, it achieved remarkable results in the transformation of retail business. On the scale of business, as of the end of the first quarter, its asset management scale (AUM) exceeded 700 billion yuan, and the savings balance reached 352 billion 100 million yuan, an increase of 63 billion 600 million yuan compared with the beginning of the year, an increase of 22.14%, and the retail loan scale reached 442 billion 700 million yuan, an increase of 80 billion 800 million yuan compared with the beginning of the year, an increase of 22.39%. Retail business revenue exceeded 20 billion yuan, interest income increased 31.6% year-on-year, retail loan bad rate 0.36%, decreased by 0.03 percentage points.
In terms of intra retail and market share, the proportion of retail deposits in Beijing bank increased from 20.93% at the end of 2018 to 23.17% at the end of 2019, and the proportion of retail loans increased from 28.81% at the end of 2018 to 30.76% at the end of 2019, the first time to break through 30%. Beijing bank said its retail share and loan market share continued to double, and it ranked the first in 134 city commercial banks.