Minsheng Bank’s annual report is released: The structure continues to be optimized and the foundation for development is more solid

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　　On the evening of March 28, Minsheng Bankrelease2023The annual report shows,Achieved throughout the yearoperating income140.817 billion yuan, a decrease of 1.16%;accomplishNet profit attributable to shareholders of the parent bank35.823 billion yuan, an increase of 1.57%.As of2023At the end of the year, the total assets of Minsheng Bank Group were7.67 trillion yuan, an increase of 419.292 billion yuan or 5.78% over the end of the previous year. Among them, the total amount of loans and advances extended was 4,384.877 billion yuan, an increase of 243.733 billion yuan, or 5.89%, from the end of the previous year; the total deposits received were 4,283.003 billion yuan, an increase of 289.476 billion yuan, or 7.25%, from the end of the previous year. Revenue dropped slightly, net profit increased slightly, and scale increased.showThe bank’s operating conditions further improved.

　　In terms of assets, from the perspective of loan investment,In 2023, Minsheng Bank will further optimize its credit structure and increase support for key areas and weak links of the real economy such as manufacturing, science and technology innovation, inclusiveness, green, and agriculture-related.The growth rate of green credit balance reached47%,Growth rate of agricultural-related loan balance12.66%,Manufacturing loan balanceincrease17.48%,The balance of small and micro loans reaches791.2 billion yuan,increase15.8%,The four major regions of Guangdong-Hong Kong-Macao Greater Bay Area, Yangtze River Delta, Beijing-Tianjin-Hebei, and Chengdu-Chongqing accounted for62%. In terms of liabilities, the bank has developed low-cost liabilities by strengthening basic products and services, opening up customer capital chains, and further improving the stability and diversification of liability sources.

　　At the same time, people’s livelihoodThe bank continues to strengthen its basic customer group management, its customer base continues to grow, and its business structure continues to be optimized.Head office and branch level strategic customers1,689 households, an increase of 338 households from the end of the previous year; strategic customersDeposits12530.93billion, an increase from the end of the previous year10.42%;strategic customersloan balance11677.34billion, an increase from the end of the previous year8.68%;Number of small and medium-sized enterprise credit customers28193households, an increase from the end of the previous year47.48%;SME credit balance8422.09billion, an increase from the end of the previous year22.87%; there are more than 18,000 specialized and new enterprises with in-depth services; the number of inclusive small and micro enterprise loans is 513,300, a year-on-year increase of 110,300;Inclusive small and micro enterprise loan balance6122.69100 million yuan, increase11.51%; the number of retail customers was 129 million, an increase of 5.65% over the end of the previous year;Manage total retail client assets27410.86100 million yuan, increase6.78%.in,retail savings deposit11855.19billion, an increase from the end of the previous year1834.58100 million yuan, increase18.31%; the number of private banking customers was 55,906, an increase of 4,412 from the end of the previous year, an increase of 8.57%;Total Private Banking Client Assets7572.85billion, an increase from the end of the previous year520.44100 million yuan, increase7.38%.

　　The basic customer base has been further consolidated, driving the growth of basic service income such as settlement, agency and transaction income, and supporting the growth of non-interest net income.In 2023, the bank achieved settlement business income of 1.968 billion yuan, an increase of 21.56%; the average daily balance of general deposits of settlement customers was 1.291649 billion yuan, an increase of 17.67%; it achieved non-interest net income of 38.386 billion yuan, an increase of 9.63%. The net non-interest income was at The proportion of operating income reached 27.26%, a year-on-year increase of 2.69 percentage points.

　　In recent years, the banking industry has generally faced multiple pressures such as narrowing interest margins and slowing income growth. For Minsheng Bank, the impact of narrowing interest spreads on net interest income is also obvious.In 2023, peoplebanknet interest marginfurther reduced to1.46%. at the same time,In 2023, the bank’s average daily loan balance accounted for 61.39% of interest-earning assets, an increase of 0.30 percentage points from the previous year; the average daily deposit balance accounted for 62.86% of interest-paying liabilities, an increase of 0.16 percentage points from the previous year. The proportion of deposits and loans increased, further optimizing the asset-liability structure. In 2023, Minsheng Bank’s net interest marginYear-on-yearnarrow14basis points, lower than the industry average.

　　“The decline in net interest margin issilverOverall trends in the industry.“Industry experts said,interest spreadlevel withBank’sCustomer base, business structure, profit structurewaitclosely related.Narrowing net interest margin drags down revenue,Businessbankone after anotherstrengtheninterest spreadmanage, China Minsheng Bank is no exception. On the one hand, we will work hard to optimize the asset structure and increase the proportion of loans in interest-earning assets; on the other hand, we will promote the optimization of the liability structure and improve the stability of core deposits, aiming to reduce deposit costs.

　　“From the trend,Minsheng BankVarious measures to proactively manage interest rate spreads are gradually taking effect.“an expertexpress,As the bank further expandsIssuance of high-quality credit assets,promoteGrowth in high-yielding assets such as retail loans,at the same timeStrengthen deposit pricing management,furtherOpen up space for deposit cost reduction,interest spreadThe overall decline may be lower than that of peers.

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