Industrial Bank releases 2023 annual report: Asset and liability structure continues to be optimized, total assets exceed 10 trillion
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On the evening of March 28, Industrial Bank released its 2023 annual performance report. The report shows that as of the end of 2023, the bank’s total assets exceeded 10 trillion yuan for the first time, an increase of 9.62% from the end of the previous year to 10.16 trillion yuan; deposits and loans both exceeded 5 trillion yuan; operating income was 210.831 billion yuan, and net interest income Positive growth reached 146.503 billion yuan, a year-on-year increase of 0.85%; the non-performing loan rate was 1.07%, a decrease of 0.02 percentage points from the end of the previous year; the provision coverage rate was 245%, an increase of 8.77 percentage points from the end of the previous year, and the risk offset capability was further improved.
2023 is the 35th anniversary of the establishment of Industrial Bank. The bank has the “biggest country” in mind, maintains strategic focus, and cooperates with China’s economic recovery and development.sameGo forward,continuedBuild a value bank with industrial characteristics, take solid steps towards high-quality development, and securely rank among the global banks listed in The Banker in the UKThe top 20 of the Fortune 1000 and the Fortune Global 500 won the “2023 China Bank of the Year” award from the British “Banker” magazine; MSCI’s ESG rating was upgraded from A to AA, becoming the only company to win the award for five consecutive years. The highest rated bank in the domestic banking industry.
Balance Sheet Reconstruction
Both deposits and loans exceeded5 trillion yuan
Over the past year, Industrial Bank has continued to promote the restructuring of its balance sheet, improve the fit between the asset and liability structure and the economic structure, and serve the high-quality development of the economy and society more effectively.The annual report shows that Industrial Bank’s deposits and loans both broke through5 trillion yuan, of which the deposit balance increased by 8.45% from the end of the previous year to 5.14 trillion yuan, and the loan balance increased by 9.59% from the end of the previous year to 5.46 trillion yuan. The increase in deposits and loans ranked among the forefront of joint-stock commercial banks.
——Asset side,persist inConsolidate the basic market, lay out new tracks, asset layout and the direction of real economy transformationhighFit.In the basic market,Loans in new real estate fields such as housing rentals, urban renewal, and industrial parks increased compared with the end of the previous year84.65%.In the new track,Loans in the fields of science and technology innovation, inclusive finance, energy, automobiles, and industrial parks increased respectively compared with the end of the previous year.31.88%, 23.95%, 16.16%, 26.14%, 27.40%.
——Liability side,We insisted on controlling liability costs as the key to stabilizing interest margins, solidly built the scenario ecosystem, further promoted the network weaving project, and comprehensively strengthened the expansion of settlement deposits. The interest rate of domestic RMB deposits throughout the year fell year-on-year.11BPs,further calmDue to the impact of narrowing interest margins, net interest margins fell year-on-year.17 BP, a decrease of 2 BP narrowed from the previous year.
Continuous optimization of asset and liability structureimprovedOperating resultsoftoughness.deductFactors affecting the recognition of one-time gains from old financial products in 2022 will increase the base. On a comparable basis, the company’s operating income is basically flat year-on-year, and net interest income has achieved positive growth, reaching 146.503 billion yuan, a year-on-year increase of 0.85%; other non-interest income has grown steadily , reaching 36.573 billion yuan, a year-on-year increase of 14.08%.
Practice deeplyBased on the operating logic of “customers-business-profit”, Industrial Bank gives full play to its own advantages, enriches financial products, meets the diverse needs of customers, and strives to achieve customer goals.with oneselfMaximize value.At the end of 2023, the number of corporate financial customers exceeded 1.4 million, an increase of 13.27% from the end of the previous year. The number of retail financial customers exceeded 100 million, an increase of 10.38% from the end of the previous year. There were more than 3,300 inter-industry cooperation customers, and the coverage rate of major types of inter-industry customers exceeded 97 %.
Differentiated operationsfeaturedistinct
“Three business cards” achieved new breakthroughs
In the past year, Industrial BankFocusing closely on the primary task of high-quality development, we will“Three business cards” andlayout“Five New Tracks”,Do it wellfinanceThe “five major articles” are organically integrated to maintain differentiated competitiveness in the fierce market competition.
——Green BankBright background.As ofAt the end of 2023, green finance customers increased by 17.83% from the end of the previous year to 58,300, and the green financing balance increased by 16.14% from the end of the previous year to 1.89 trillion yuan, of which the green financing balance in the “carbon reduction” field increased by 34.81% from the end of the previous year to 10,600. billion, accounting for 56.26%; the balance of green loans approved by the People’s Bank of China is 809.019 billion yuan, and the scale continues to remain at the forefront of joint-stock banks.The interest rate of existing green loans is basically the same as that of corporate loans, the non-performing loan rate is only 0.41%, and the income and riskcontrolPerformance is stable.At the same time, green financial management, green bonds, green leasing, green trust, green funds and other businesses are alsoRun out of accelerationeffectively increasing the scale of on- and off-balance sheet asset management, driving light capital business income, and“Green bridging” drives a sustainable development model of “comprehensive profit creation”Getting better.
——Wealth Bank is making steady progress.As ofAt the end of 2023, the group’s retail AUM scale was 4.79 trillion yuan (Including third-party depository market value), an increase from the end of the previous year15.42%, of which wealth AUM accounts for more than 70%. Continuously enriching product shelves, Xingyin Financial Management scale increased compared with the end of the previous year8.18% to 2.26 trillion yuan, ranking second in the market. At the same time, it takes advantage of its circle of friends in the industry to reach agency sales cooperation with 289 institutions. The number of products on sale exceeds 10,000, and it sells off-line financial products, funds, insurance, and physical precious metals on agency basis. Year-on-year increases of 191%, 54%, 31%, and 67% respectively. It is worth mentioning that the bank-in-bank platform connects major state-owned banks, joint-stock banks, and 470 regional banks and rural financial institutions, achieving a retained scale of off-bank sales of Industrial Bank wealth management of 869.5 billion yuan, an increase of 70.32% from the end of the previous year.
——Investment banks strive to be the first.cutto2023At the end of the day, big investment banksThe balance of FPA was 4.3 trillion yuan, an increase of 6.51% from the end of the previous year. Continue to maintain its advantages in bond underwriting, investment transactions, asset matching and other fields. The scale of underwriting non-financial corporate debt financing instruments is 730.573 billion yuan, ranking first in the market; the scale of underwriting overseas bonds is 5.451 billion US dollars, ranking first among Chinese joint-stock banks. ; The scale of underwriting green non-financial enterprise debt financing instruments is 21.806 billion yuan, ranking second among joint-stock banks; the scale of underwriting REITs is 4.040 billion yuan, ranking second in the market. Mergers and acquisitions, syndicated businesses, and capital market businesses maintained a good momentum of development. It will continue to maintain its leading position in market making transactions in the fields of bonds, interest rates, precious metals and other fields, and consolidate its advantages in FICC business on behalf of clients.
Digital transformation is fast and steady
“1+5+N” digital industry systemgraduallyForming
In 2023, Industrial Bank will accelerate the pace of digital transformation, continue to optimize its scientific and technological systems and mechanisms, establish a digital operations department, and increase investment in scientific and technological resources.implement the plan for 10,000 scientific and technological talents, and invest in science and technology of the Group8.398 billion yuan, a year-on-year increase of 1.78%, accounting for 3.98% of operating income; there were 7,828 scientific and technological talents, an increase of 16.85% from the end of the previous year, and scientific and technological talents accounted for 13.91%, an increase of 2.04 percentage points from the end of the previous year.
persist inWith the “enterprise-level, standardized” methodology, we have completed the construction of the “five major enterprise architecture projects” of marketing, wealth, investment banking, risk control, and operations, promoted the “five standardizations” of processes, data, models, development, and operations, and carried out product, process, system, The “four aspects of sorting out” the system have achieved initial results. In 2023, the enterprise-level data dictionary will be released for the first time, and 28,000 enterprise-level data dictionary standards will be established. A total of 45 corporate standards were released throughout the year, 3 of which were recognized by the People’s Bank of China as the first corporate standards in related fields in the financial industry.
From laying foundations and building pillars to comprehensively advancing and building momentum, Industrial Bank’s digital transformation has made rapid and steady progress, gradually moving from the construction period to the harvest period. Currently, it has initially built a comprehensiveThe “Digital Industrial” system of “1 (Mobile Banking) + 5 (Industrial Inclusive Benefits, Industrial Butler, Industrial Life, Qian Da Zhangguo, Banking Platform) + N (Various Scenario Ecosystems)”. The number of monthly active users of mobile banking increased by 7.52% from the end of the previous year to 22.5262 million; the number of Industrial Bank Puhui-certified corporate accounts increased by 26.48% from the end of the previous year, and the cumulative amount of financing needs increased by 167.66% year-on-year; the average monthly MAU of Industrial Housekeeper increased from the end of the previous year 22.16%, the number of customers increased by 20.08% from the end of the previous year, and the number of transactions increased by 16.34%; the number of registered customers of Xingye Life increased by 10.7291 million from the end of the previous year; the monthly average MAU of Qianda Shopkeeper increased by 26.40% from the end of the previous year, and the number of registered customers increased by 26.40% from the end of the previous year. An increase of 23.86% at the end of the previous year; the institutional investment retention scale of YinYin platform was 366.3 billion yuan, an increase of 68.74% from the end of the previous year.
Through technological empowerment, Industrial Bank actively promotes the construction of scenario ecology, continues to integrate into various ecological scenarios, deepens the integrated development of digital industry and the real economy, and opens up bankingThere are 1,941 API interfaces, an increase of 28.54% compared with the end of the previous year, covering 8,734 institutions. At the same time, the digital RMB product system was upgraded, a total of 5.0561 million Industrial wallets were opened, 168,600 digital currency merchants were expanded, and 123 2.5-tier small and medium-sized banks were contracted to serve.
Asset quality remains stable and improving
Risks in the three major areas of real estate, local platforms, and credit cardsDecreasing
The report shows,At the end of 2023, Industrial Bank’s main risk indicators have steadily improved, with the non-performing loan rate being 1.07%, a decrease of 0.02 percentage points from the end of the previous year, and the overdue loan rate being 1.36%, a decrease of 0.31 percentage points from the end of the previous year. Asset quality has been further improved. The ratios of loans overdue for more than 90 days and loans overdue for more than 60 days to non-performing loans are 68.30% and 77.33% respectively, which are the best levels in the past three years.
In terms of real estate risks,The balance of business invested in the real estate field under domestic self-operated loans, bonds, non-standard and other businesses1,766.061 billion yuan, with a non-performing asset rate of 1.53%. Among them, new non-performing assets in the corporate real estate business decreased by 54% year-on-year; the collateral in the personal housing mortgage loan business was of sufficient value.
In terms of risks of local financing platforms,Debt balance of local government financing platform161.591 billion yuan, a decrease of 59.287 billion yuan from the end of the previous year. New non-performing loans dropped by 55% from the previous year, and risk exposure has been reduced.
In terms of credit card risks,Risk indicators fell back from high levels,Credit card loan balance401.633 billion yuan, the non-performing loan rate was 3.93%, a decrease of 0.08 percentage points from the end of the previous year; the overdue rate was 6.75%, a decrease of 0.59 percentage points from the end of the previous year.
In terms of risks in the new track,continuous reinforcementResearch, technology empowerment, close to the market“One city, one policy” formulates differentiated credit policies, builds a three-in-one mechanism of “research + business + risk”, and improves the pertinence and forward-looking nature of risk policies. At the same time, we promoted the digital transformation of risk control and accelerated the upgrade and iteration of the “technical flow” evaluation system. During the reporting period, the amount approved under the “technical flow” item exceeded 1 trillion yuan.
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