After the overall decline in performance in the first half of the year, how the "transcripts" of A-share listed banks in the third quarter have attracted much attention. On the evening of Wednesday (65438+1October 2 1), with Ping An Bank taking the lead in disclosing the third quarterly report, the disclosure of the third quarterly report of listed banks officially kicked off.
Regarding the performance of listed banks in the third quarterly report, Xu Chengyuan, chief financial analyst of Oriental Jincheng, said in an interview with the Securities Daily that on the whole, listed banks will make up the price by quantity, and their operating income will remain stable or increase slightly year-on-year. The profits of listed banks with rapid asset growth, high tilt of asset structure to retail loans and relatively good asset quality may rebound.
It is worth noting that although the net profit of Ping An Bank in the first three quarters still declined year-on-year, the decline has been significantly narrowed compared with the first half of the year. Changes in the provision of listed banks in the third quarter will also affect the performance of banks in the third quarter to some extent.
At the end of the month, 26 companies made a concentrated appearance.
As the first third quarterly report of A-share listed banks, Ping An Bank achieved operating income of1165.64 million yuan in the first nine months of this year, a year-on-year increase of 13.2%. Since the beginning of this year, the bank has actively increased its provision, intensified the write-off and disposal of non-performing assets, and affected its profits. In the first three quarters of this year, the bank's net profit decreased by 5.2% year-on-year to 22.398 billion yuan. However, the operating profit before impairment loss was 83.310.3 billion yuan, up 65.438+0.6% year-on-year.
In terms of asset quality, some enterprises and individuals are facing greater repayment pressure, which brings new challenges to the bank's asset quality control. In the first three quarters of this year, the bank intensified the write-off and collection of non-performing assets, and the overall asset quality risk was controllable.
By the end of September 2020, the NPL ratio of Ping An Bank was 65,438+0.32%, which was 0.33 percentage points lower than that at the end of June and last year. Ping An Bank said that in the face of the complicated domestic and international situation and the uncertainty caused by the COVID-19 epidemic, it will continue to strengthen control measures, intensify the disposal of non-performing assets and provision, further enhance its risk compensation capability, and strive to minimize the impact of the epidemic.
Last night (65438+1October 23rd), Bank of Shanghai also disclosed the third quarterly report of 2020, showing that the operating income in the first three quarters of this year was 37.5 billion yuan, down 0.91%year-on-year; The net profit attributable to shareholders of listed companies was 65,438+0,565,438+0 billion yuan, down 7.99% year-on-year.
According to the scheduled disclosure time of the third quarterly report, the Securities Daily reporter found that the disclosure of the third quarterly report of A-share listed banks was still late, but the disclosure time was relatively intensive. Except Ping An Bank and Shanghai Bank, the third quarterly reports of the other 34 banks will be presented in the last week of this month. 10, 10, and 10, 3 1 10/0 (announcement date), the number of banks that disclosed the third quarterly report was as high as 26, including six state-owned banks.
In addition, Xiamen Bank, which has been issued and will be listed soon, released the third quarter performance forecast, although the time of the third quarter report was not clearly disclosed. It is estimated that the net profit attributable to shareholders of the Bank in the first three quarters is 6,543.8+0,283.73 million yuan to 6,543.8+0,342.08 million yuan, an increase of about 654.38+00% year-on-year to 654.38+05%.
Intensity of provisioning or impact on performance
In the first half of this year, the overall net profit of A-share listed banks declined. Although 36 banks achieved a substantial year-on-year increase in operating income in the first half of the year, their net profit decreased by 9.33%. Among them, as many as half of listed banks' net profit in the first half of the year decreased year-on-year.
The large provision is the main factor affecting the year-on-year decline of bank net profit. The "Securities Daily" reporter found that 36 listed banks raised a total of 862.799 billion yuan in asset impairment losses in the first half of the year, up 3.86 1% year-on-year, almost equal to the total net profit realized. Many banks said that the decline in net profit in the first half of the year was due to the increase in provisions. If this factor is excluded, the bank's performance will grow steadily.
Ping An Bank's latest third quarterly report shows that although the bank's net profit in the first nine months decreased by 5.2% year-on-year, the decrease was significantly better than that in the first half 1 1.2%. The bank achieved a net profit of 8.72 billion yuan in the third quarter, a year-on-year increase of 6. 1%.
Pan Helin, executive director of the Institute of Digital Economy of Southwestern University of Economics and Law, said in an interview with the Securities Daily that the banking industry was not only hit by the epidemic in the first three quarters, but it should be noted that the epidemic actually brought more funds to banks. In recent years, the decline in the overall interest rate level, especially the reform of LPR interest rate, has actually reduced the real interest rate of the market. But even so, the overall fluctuation of bank net profit is not big, because the banking industry is still stable, but the competition between banks will be further intensified in the future.
Pan Helin said that the increase in provisions of listed banks is mainly in line with the principle of matching prudence and is also conducive to the long-term steady development of the industry. If the provision is weakened in the third quarter, it will play a certain role in stabilizing the performance of listed banks. "However, it should be noted that increasing funding is a continuous process."
(Article source: Securities Daily)
(Editor: DF522)
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