Ping An Bank in 2012 to achieve the net profit attributable to shareholders for the year to 13.403 billion yuan year-on-year growth of 30.39%
(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 08 March 2013
Release date- 07032013 - Ping An Bank (Ping An Bank, the Shenzhen Stock Exchange 000001) 2012 Annual Report submitted to the Shenzhen Stock Exchange today.
2012, in the face of complex domestic and international economic and financial situation, in the face of bank spreads space narrowing, internal integration challenges of multiple pressures, actively respond to Ping An Bank, relying on the Ping An Group's consolidated financial advantage, continued to increase in trade finance small micro-finance, retail, business and credit card strategic business investment, actively promote cross-selling, and to further enhance the competitive advantage, and steadily promote the development of various businesses, and achieved good operating results. Specific features:
In 2012, the bank realized a net profit attributable to parent company of 13.403 billion yuan, a year-on-year growth of 30.39%; non-interest income of 6.714 billion yuan, a year-on-year growth of 54.21%.
As of the end of 2012, the total assets of the bank amounted to 16,065.37 million, representing an increase of 27.69% from the beginning of the year; Total deposits 10,211.08 million, representing an increase of 20.01% from the beginning of the year; total loans (including discount) 7,207.80 billion yuan, compared with the beginning of the year 16.13%.
The end of the reporting period, the bank balance of non-performing loans of 6.866 billion yuan, the non-performing rate of 0.95%, an increase of 0.42 percentage points compared to the beginning of the year; loan provision ratio was 1.74%, up 0.04 percentage points compared to the beginning of the year; provision coverage ratio was 182.32%, representing a decrease of 138.34 percentage points. 2012 collection a good performance, the Qing closing the year a total of 1.814 billion yuan of bad assets.
As of the end of 2012, the bank's capital adequacy ratio and core capital adequacy ratio were 11.37% and 8.59%, in line with regulatory standards.
Three strategic business, trade finance loans outstanding increased by 23.11% compared with the beginning of the year, small micro-loan balance increased by 16.25% compared with the beginning of the year, the credit card loan balances increased by 101.21% compared with the beginning of the year, credit card profitability continued to improve, with the caliber of the 2012 pre-tax profit up an increase of 97.72%.
Login Ping An Bank the official website www.bank.pingan.com or the giant tidal network ( www.cninfo.com.cn ) inspection report and the full announcement.
In 2012, the central bank twice the interest rate adjustment and twice cut the RMB deposit reserve ratio. With benchmark interest rates down and the interest rate market the financial disintermediation trend of promoting the bank spreads space narrowing of risk management increasing pressure.
External operating environment in the face of numerous and varied, Ping An Bank steadily promote the strategic business of trade finance, small micro-finance, retail business and credit cards, at the same time, relying on the Ping An Group consolidated financial advantage, and actively carry out cross-selling efforts to achieve 'a client, a account, more than one product, one-stop service 'goal, and achieved good operating results.
In 2012, Ping An Bank achieved operating income of 39.75 billion yuan, a year-on-year growth of 34.09%; attributable to the parent company's net profit of 13.403 billion yuan, a year-on-year growth of 30.39%.
Operating income, non-interest income of 6.714 billion yuan, a year-on-year growth of 54.21%, the share of operating income increased to 16.89% from 14.68% in 2011, further improvement in the revenue structure.
2012 annual profit and loss items
Changes in the amount of
Operating income ($ million)
Net interest income ($ million)
Attributable to parent company net profit
In 2012, thanks to the size of the interest-earning assets growth, improve the structure of assets and liabilities, the bank's net interest income of 33.036 billion yuan, an increase of 30.63%; savings and loan poor have better growth, increased to 4.33% from 4.25% in 2011 . However, by the central bank since 2011, the interest rate adjustment policy and the interbank scale impact, the net interest margin, net interest margin decreased, the net interest margin fell 20 basis points to 2.19%, net interest margin fell 19 basis points to 2.37 %.
Non-interest income increased significantly. In 2012, the bank realized a net non-interest income of 6.714 billion yuan, a year-on-year growth of 54.21%. During the reporting period, the line of strict implementation of the China Banking Regulatory Commission on remediation banking financial institutions, non-standard operating and regulatory requirements, and to continue to strengthen and improve public services, effective service of the real economy, the consultant fee income declined, due to merger factors, as well as the expansion of the scale with our customers, the rapid development of the bank card business, financial product innovation, quality of service enhancement factors, the overall growth of net fee income of the bank situation is good, fee and commission income of 5.722 billion yuan, a year-on-year an increase of 56.13%. 2012, the line of other operating income of 992 million yuan, an increase of 44.19 percent year-on-year, mainly from bonds, notes spread income.
In 2012, the operating expenses of the line 15.664 billion yuan, a year-on-year growth of 32.13%, mainly impact of merger caliber, as well as personnel and business scale growth, the two lines combined investment in systems, processes, and systems integration, as well as the optimization of management processes and IT systems conducted due to continued investment. The cost to income ratio (excluding business tax) 39.41%, compared with 39.99% in the previous year, a decrease of 0.58 percentage points.
Strategic business growing rapidly integrated financial strategy to continue to deepen
In 2012, the line of the business to maintain a healthy growth momentum, the bank total assets of 16,065.37 million, representing an increase of 27.69% from the beginning of the year; total loans (including discount) 7,207.80 billion yuan, representing an increase of 16.13% from the beginning of the year; Total deposits 10,211.08 billion , representing an increase of 20.01% from the beginning of the year.
Strategic business of the bank - trade finance, micro-finance and credit card business in the healthy development of the business structure. The end of 2012, trade finance credit balance of 2,872.82 billion yuan, representing an increase of 23.11% from the beginning of the year; small micro-loan balance of 55.834 billion yuan, an increase of 16.25% compared with the beginning of the year; capacity of 11 million credit cards in circulation.
2012 annual balance sheet
Unit : RMB million
December 31, 2012
December 31, 2011
General corporate loans
Attributable to the parent
In 2012, the trade finance business of the bank has maintained a steady growth. Trade finance loans outstanding amounted to 2,872.82 billion yuan, representing an increase of 53.926 billion yuan from the beginning of the year, an increase of 23.11%; adverse rate of 0.34%, remained at a low level. From the structure of trade finance, international trade finance balance of 40.141 billion yuan, an increase of 29.94% compared with the beginning of the year; international and offshore settlement amount is an increase of 20.90%, which the international settlement amount is an increase of 35.30%; cross-border RMB business accumulated an increase of 102.00%.
Innovation in business, in 2012, the bank innovation introduced supply chain finance 2.0 service, Internet service platform, the core business and its supply chain on the interaction and collaboration between the downstream enterprises, banking, logistics and warehousing companies. With the visualization of relevant information, through the operation of the multi-party collaboration platform of, and improve circulation efficiency and competitiveness of the supply chain, 15 minutes out of the account, of five minutes redemption goods efficiency industry best experience benchmark.
Levels in the retail business, Ping An Bank steady progress around customers, products, channels and platform construction and other key business development. The end of the reporting period, the balance of retail deposits than the beginning of last year, an increase of 18.96%, a slight increase in retail loans; retail intermediary business in 2012, an increase of 29.40% net revenue. Meanwhile, mode optimization and process innovation, the line Integrated Billiton business to maintain high-speed growth. Overall extension of deposit business increased 60% in 2012, an increase of 120% loan business; Ping An Life Recommended bank deposits amounted to 14.8 billion yuan, the bank selling Ping An Trust, funds, insurance amounted to 9.1 billion yuan, 13 billion and $ 12 billion in increase the proportion of the bank's overall business.
In 2012, auto finance to become a new bright spot of bank growth, new auto loans for 18.3 billion yuan, a year-on-year growth of 83% auto loan balance of 21.1 billion yuan, an increase of 66% compared with the beginning of the year, the market share ranks second in the National Bank.
Small micro-finance business is one of the bank's strategic business. Small micro-finance business in 2012 to increase the channel construction and integration of efforts to explore structures preliminary open up new channels, cross-selling of life insurance comprehensive Billiton, steam financial business to achieve a 'zero' breakthrough, the Group's consolidated financial platform synergies gradually revealed . In 2012, 41.28 billion yuan of the row of small micro-loans disbursement. As of the end of 2012, a small micro-loan balance of 55.834 billion yuan, compared with the beginning of an increase of 16.25%, the NPL ratio was 1.24%.
2012, as cross-sales best practices business credit card business of the bank continues to be rapid, healthy growth: 2012 new card the amount of 4.49 million, an increase of 69.26%; cards in circulation reached 11.0 million, representing an increase of 22% from the beginning of the year; total transactions amounted to 2,184 billion yuan, a year-on-year growth of 64.50%, POS transactions CUP interbank issuing bank (16) lifting its market share significantly, from the beginning of the year to 3.66% to 5.05% in the reporting period; loans reached 49.7 billion yuan, an increase of 101.21% from the beginning of the year. Credit card bad rate of 0.98%, down 0.12 percent.
Capital adequacy ratio standards controllable risk of non-performing loans
As of the end of 2012, Ping An Bank capital adequacy ratio and core capital adequacy ratio were 11.37% and 8.59%, in line with regulatory standards.
In asset quality in 2012 by the impact of the external environment of the domestic economic slowdown, the Yangtze River Delta and other areas of private small and medium enterprises operating difficulties, solvency declined, while the line of the Eastern (Yangtze River Delta region) a higher proportion of loans, leading to asset quality face greater pressure. But the new non-performing loans are mainly concentrated in Wenzhou, Jiangsu and Zhejiang provinces, and most of the collateral, the bank in other regions (Southern, West, North) Branch credit asset quality remained stable, the overall risk is controllable within . The end of the reporting period, the bank balance of non-performing loans of 6.866 billion yuan, an increase of 3.571 billion yuan over the beginning of the year; adverse rate of 0.95%, an increase of 0.42 percentage points compared to the beginning of the year; after excluding the impact of Wenzhou Branch, the bank NPL ratio was 0.67%, is still at a low level. In addition, Ping An Bank in 2012 Qing received good performance. Qing closing the year the total non-performing assets of 1.814 billion yuan, 1.626 billion yuan of credit assets (loan principal). 93% of the recoveries recover cash and the rest recovered repossessed assets.
Ping An Bank will further optimize the credit structure, to ensure the payment of more high-quality loans, guard against and defuse the stock of loans to various risks that may arise, strict control of new non-performing loans, maintain stable asset quality.
Platform loans, at the end of 2012, the line of government financing platforms (including rectification for general corporate loans and based upon the platform management loan) loan balance of 39.147 billion yuan, 11.79 billion yuan less than a year, a decline of 23.15%, accounting for the loan balance ratio of 5.43%, loan quality is good, no bad loans.
Consolidated financial core strengths fade in 'Best Commercial Bank' strategy started
In 2013, the two lines of business systems integration with Ping An Bank on-line, which lasted more than three years of integration finally perfect ending. The new bank management team in place, as well as new strategic objectives to determine, will enable the bank to set sail on a new strategic platform.
The future, Ping An Bank established build a comprehensive strategic vision of the 'Best Commercial Bank' with the goal of three stages: the first stage ( years 3-5), mainly on public business, at the same time to build the rapid development of the retail business powerful foundation; second stage (5-8 years), both public and retail business, the business of the coordinated development; third stage (after eight years), the retail business will become a leading business and main source of profit.
Integrated financial services model studies in the consolidated financial aspect, the row will strengthen and accelerate top-level design, realize a customer, an account more than one product, one-stop service '.
At the business level, the row will further promote the 'depth of technology' strategy, building a one-stop integrated financial services platform, to build the core competitiveness of science and technology to lead, and to improve profitability. The same time, the bank would take advantage of the three-year period, around the team, products, services, channels, fully compacted foundation for the development of the retail business, the integration of the Group's customers, channels, technology resources, and maximize the development potential retail customers, the establishment of a high-end customer service system to differentiated service to win customers. Continue to adhere to the strategic positioning of small and micro business, adhere ring chain, the bulk of the professional market-based development, strengthen cooperation and brand power, small and micro business bigger and electricity supplier, to make their own characteristics and influence; credit card regard, the bank would continue to rely on the Group's consolidated financial platform to safe, affordable, easy to use, 'as the theme, focused on the affluent customer base and fine young segment management, is committed to providing customers with better credit card products and services, enhance market brand influence. Meanwhile, the row will improve risk management processes, establish proactive risk policies and systems, to strengthen credit approval and management of work, building a comprehensive risk management system, risk management scientific. Enhance risk services business capabilities, to cultivate advanced risk culture.
Ping An Bank, 2013, the bank would give full play to the Ping An Group's consolidated financial advantage, relying Group Technology, backing the strong support of the platform change, innovation, development, adhere to the the epitaxial expansion and organic growth of both companies, retail, the same industry, the investment bank 'four-wheel drive , forge ahead, to create greater value for our customers, shareholders and society.
2012 years 1-12 )
First, the operating income
Net interest income
Net fee and commission income
Other operating income, net
Second, the operating expenses
Business tax and surcharges
Operating and administrative expenses
Third, the operating profit before impairment losses
Impairment losses on assets
Fourth, the operating profit
Add: Non-operating income
Less: Non-operating expenses
Fifth, the total profit
Less: Income tax expense
Six net profit
Net profit attributable to owners of the parent
Ping An Bank
Ping An Bank Co., Ltd. is a national joint-stock commercial bank headquartered in Shenzhen, the Shenzhen Stock Exchange 'Ping An Bank, securities code 000001. Its predecessor is Shenzhen Development Bank Co., Ltd. (June 2012 merged with the original Ping An Bank and renamed Ping An Bank in July 2012). As of December 31, 2012, total assets of 1.61 trillion yuan. Through 450 outlets in 33 major cities nationwide, offers a variety of financial services companies, retail and government customers. Currently, China Ping An Insurance (Group) Co., Ltd. and its associated subsidiaries held a total of 2.684 billion shares of Ping An Bank, accounting for 52.38% of the total share capital of Ping An Bank.
December 31, 2012 consolidated balance sheet key projects:
Total deposits: 10,211 $ Billion
Total loans: 7,208 billion
Total assets: 16,065 million
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