At present, a number of listed banks have announced 2022 interim results. In the context of helping to stabilize the macro-economic market, the six state-owned large commercial banks, Industrial, Agricultural, China, Construction, Communications and Postal Savings, played the role of "leading geese", increasing the total amount of credit, optimizing the structure, and supporting the continuous improvement of the quality and efficiency of the real economy.
Lending continued to increase
Icbc's new domestic RMB loan is 1.61 trillion yuan, Agricultural Bank's new RMB loan is 1.6 trillion yuan, Bank of China's new RMB loan is 1.02 trillion yuan, CCB's new RMB loan is 1.54 trillion yuan... The reporter combed and found that in the first half of the year, the six major banks continued to increase their lending efforts, among which the four banks all exceeded one trillion yuan.
"We made breakthroughs in the first half of this year in terms of the total amount, pace and structure of monetary policy release, and effectively played the role of large banks as the main channel of monetary policy transmission." Said Liao Lin, president of the Industrial and Commercial Bank of China.A bank worker counts banknotes. (photo credit: Xinhua)
Where are the new loans going? According to the semi-annual report data, infrastructure construction, manufacturing, strategic emerging industries, inclusive finance and green finance are the "main battlefields" of credit issuance by major banks.
Infrastructure investment is an important driving force for steady growth. As of the end of June, CCB had outstanding infrastructure loans of about 5.5 trillion yuan, accounting for nearly 52% of its loans to the public. In the first half of the year, the bank lent 404.2 billion yuan for major projects, 67.1 billion yuan more than last year 39bet-xì dách-phỏm miền bắc-tiến lên miền bắc-xóc đĩa-game bắn cá.
Aiming at economic transformation and high-quality development, the flow of credit funds to key areas of the national economy accelerated. Icbc's loans to the manufacturing sector rose by 628.1bn yuan in the first half, 3.5 times as much as in the same period last year. By the end of June, the Agricultural Bank of China's outstanding loans to the manufacturing sector exceeded 2.1 trillion yuan, up 24.5% from the beginning of the year. Compared with the end of last year, BOCOM's domestic manufacturing loans increased by 20.48%, manufacturing medium and long-term loans increased by 38.7%.
In addition, the loan growth rate of many banks in strategic emerging industries, green credit and other fields is much higher than the average loan growth rate. Among them, Bank of China's strategic emerging industry loan growth rate reached 67%, Bank of Communications strategic emerging industry loan growth rate of more than 70%.
On the basis of a high base, inclusive loans have achieved relatively fast growth. By the end of June, PSBC's outstanding loans to inclusive small and micro-enterprises reached nearly 1.1 trillion yuan, with a net increase of over 130 billion yuan in the first half of the year, a year-on-year increase of nearly 40%. In the first half of the year, the Bank of China's inclusive small and micro business loans increased by 223.5 billion yuan, a year-on-year growth rate of 41.38%.
Credit asset quality remained stable
Financial support for the real economy should be based on its own sound operation. Semi-annual report data show that the quality of credit assets of the six major banks remained stable.
By the end of June, non-performing loan ratios at ICBC, CCB, ABC and BoCOM had all fallen. Postal Savings Bank's non-performing loan ratio was basically flat with that at the end of last year. Chinese banks' non-performing loan ratio rose 0.01 percentage point from the start of the year.
Gu Shu, chairman of Agricultural Bank of China, said asset quality remained stable in the first half of the year, partly due to the bank's improved management and partly due to the effective macro-policy efforts to maintain the market.
For the market concerned about the real estate loan problem, a number of banks said, affected by the risk exposure of individual real estate development enterprises, real estate loan asset quality is under certain pressure, but the overall risk is controllable.
Several bank executives expressed confidence in maintaining the stability of bank credit asset quality.
"On the one hand, the long-term economic fundamentals of our country will not change; on the other hand, by improving our risk management capabilities, we are actively consolidating the quality of our assets and constantly thickening the 'cushion' against future risks, which lays a good foundation for addressing the risk challenges and maintaining stable asset quality in the next phase." Wang Jingwu, vice president of the Industrial and Commercial Bank of China.
We will maintain a steady increase in the supply of loans.
For the next stage of loan release, several bank executives said that they will continue to play the leading and pillar role of big banks, increase the countercyclical credit release, support the expansion of investment, promote consumption, and help stabilize the macro-economic market.
"In July and August this year, AgBank's monthly lending exceeded that of the same period last year. Judging from the bank's own credit reserves and the macroeconomic situation, it is highly likely that the credit growth will exceed that of the same period last year in the following September to December." "Gu Shu said.
Zhang Jinliang, president of the China Construction Bank, said the bank will firmly seize the critical period of economic recovery, maintain a steady supply of loans, continue to provide efficient and high-quality financial support to the real economy, and help the economy operate within a reasonable range.
According to the information released by the interim results conference of major banks, the next stage will continue to optimize the loan structure and strengthen credit support in key areas.
Lin Jingzhen, vice governor of the Bank of China, said that it will seize the opportunity of the current infrastructure construction, increase financial support for transportation, energy, water conservancy, new infrastructure, new urbanization and other infrastructure projects and major projects; we will use the special re-lending tools of the People's Bank of China to increase resource support for projects in line with national policies, such as carbon emission reduction, clean and efficient use of coal, scientific and technological innovation, universal pension benefits, transportation and logistics, and green development.