Make 3.1 billion a day!Six major bank performance PK: Who makes the most?Who pays the most dividends?

Make 3.1 billion a day!Six major bank performance PK: Who makes the most?Who pays the most dividends?
With the Agricultural Bank of China disclosing its 2019 results on the evening of March 30, all six major banks’ results have been disclosed.Overall, the performance of the big banks in the whole year of 2019 has been steadily improving. According to the statistics of Sauna and Yewang, the net profits of the six big banks totaled 1.14 trillion, making 3.1 billion a day.Among them, the Industrial and Commercial Bank of China, known as the “Cosmic Bank”, still ranks first in terms of profitability and asset scale, with profits exceeding 3 trillion yuan and assets exceeding 30 trillion yuan.After landing on the A-share market last year, the Postal Savings Bank of China has shown rapid growth in several indicators.From the point of view of the mortgage business, the growth rate of large banks’ mortgage loans will continue in 2019, and most of them will grow less than 15%.From the perspective of credit card business, Bank of Communications’ credit card business stalled significantly, and both the overdraft and consumption declined.The six major banks all set up wealth management subsidiaries in 2019. The 2019 annual report is also the first time that the six major banks have disclosed the annual operations of their wealth management subsidiaries.As of the end of the year, ICBC had the largest total assets, reaching 163.9.7 billion US dollars, among the wealth management subsidiaries that have disclosed the size of the product, Bank of Communications’ wealth management products exceed 110 billion.The profitability of PK ICBC is the most profitable, and the Bank of Communications is the most profitable per person. From the perspective of profitability, the growth of the postal reserve has improved the profitability of the six major banks in 2019, achieving a total net profit of 1.14 trillion, the six major banks make an average of 3.1 billion a day.Among them, ICBC had the highest net profit, reaching 3133.6.1 billion; CCB, ABC, BOC’s net profits are all over 2 trillion; Bank of Communications, Postal Savings Bank net profit is less than 100 billion.However, the Bank’s per capita profitability is the strongest, reaching 88.890,000 yuan; the net profit growth rate of the Postal Savings Bank is the highest, an increase of 16.52% is the only one of the six major banks whose net profit growth rate exceeds 10%.With the rapid advancement of the domestic interest rate marketization last year, the decline in LPR has also put pressure on banks’ net interest margins.Among the six major banks, the five banks’ 2019 net interest margins all declined. Among them, the Postal Savings Bank and Agricultural Bank of China had the largest declines.Only the Bank of Communications’ net interest margin increased by 7 basis points, which indicated that this was the result of the return of assets and liabilities to loans and deposits respectively, and the use of differentiated credit policies to promote the adjustment of loan structure.Xu Yiming, the chief financial officer of CCB, said that the decline in interest rate spread is a trend. CCB’s net interest margin fell by 5 basis points in 2019, and will still decline in 2020. The preliminary judgment is about 10 basis points.Under this circumstance, most banks are also adjusting their income structure to tap the potential of non-interest income.Among them, BOC’s non-interest income increased by 21 in 2019.14%, accounting for 31% of revenue.85% is the only bank among the six major banks whose non-indexed revenue accounts for over 30%.ICBC’s non-interest income also increased rapidly, increasing by 23.3%.From the perspective of asset scale, ICBC still has the largest total assets, reaching 30.11 trillion yuan; followed by CCB, Agricultural Bank of China, and Bank of China, all of which are above 20 trillion yuan; Bank of Communications has the smallest asset scale of 9.91 trillion, the Postal Savings Bank surpassed the Bank of Communications, and its total assets exceeded 10 trillion.In terms of deposit and loan scale, the Postal Savings Bank has the highest deposit and loan growth rate among the six major banks, of which loan growth has increased.30%, total deposits increased by 7.96%.The Postal Savings Bank was included in the existing big bank from the supervision of a separate bank early last year. It landed on A shares in December last year and completed the A + H listing in three years. This is the first annual report after its A share listing.From the perspective of asset quality, as of the end of 2019, the lowest non-performing loan rate was the Postal Savings Bank, which was only 0.86%, unchanged from the previous year.The remaining five major banks have improved. Among them, the bank with the largest decrease in non-performing rate is the Agricultural Bank, which is 0% lower than the previous year.19 perfect to 1.40%.Bank of Communications has the highest defect rate, 1.47%.Mortgage, credit card PK The growth of the five major banks’ mortgage loans continued to slow down the cross-linked credit card business. From the perspective of personal housing loans, the construction of the six major banks in 2019 has the largest mortgage loan, reaching 53,050.9.5 billion yuan, an increase of 11.6%.From the perspective of growth, the highest growth rate of mortgage loans is the Postal Savings Bank, which is 17,000 in 2019.4.9 billion yuan, an increase of 19.At 90%, the Postal Savings Bank is also the only company among the six major banks to have a growth rate of more than 15%.The housing loan growth rate of the remaining five banks was basically between 11% and 14%.Compared with the previous years, the growth rate of mortgage loans of regular large banks continued to trend in 2019. The average growth rate of the mortgage loans of five of the six major banks declined earlier in 2018.Mortgage growth rose slightly to 0.4 averages.The housing loan growth rate of the five major banks in 2016 was basically about 30%, and the Postal Savings Bank exceeded 50%. In 2017, the housing loan growth rate of the three industrial, agricultural and postal banks was more than 20%, and the construction, construction and payment of the three banks were more than 15%; 2018Only the Postal Savings Bank has a housing loan growth rate of more than 20%, and the Industrial and Agricultural Banks have a growth rate of about 16%. The growth rates of China Construction Bank and China Construction Bank are less than 15%.In fact, this is the overall trend of the real estate market.According to the data released every January of this year, at the end of 2019, the balance of RMB real estate loans was 44.41 trillion yuan, an increase of 14 years.8%, the growth rate is lower than the end of the previous year5.2 digits, falling for 17 consecutive months.From the perspective of credit card business, the rapid growth of civilian credit card business has changed in the past year.Last year, the Bank of Communications credit card issued only 651 new cards.680,000, the smallest of the six major lines.In addition, the Bank’s credit card overdraft and credit card spending were both lower than the previous year, and it was the only bank among the six major banks with negative growth in these two indicators.48% to 4673.8.7 billion yuan, credit card consumption decreased by 3.97% to 2.95 trillion; both indicators of Bank of Communications increased significantly in 2018, with a growth rate of 35.19%, 26.61%.Bank of Communications said that in the face of severe risk indicators, the Bank’s credit card center has adopted a policy of clearing risks actively to moderately slow down the speed of customer acquisition.The risk is reflected in the credit card overdraft rate, which has increased by 0.86 averages, from 1 of the previous year.52% rose to 2.38%.Among several other banks, the credit card business of Agricultural Bank and Postal Savings Bank grew rapidly.ABC’s new card issuance in 2019 is the largest among the six major banks, reaching 1717.940,000, almost three times the Bank of Communications plus the amount of cards; the growth rate of the credit card overdraft is also the frequency converter, the balance reached 4750.01 billion yuan, an increase of 24 over the previous year.76%.Postal Savings Bank’s credit card business ranks the last among the six major banks, but its growth rate is relatively fast. Both the credit card overdraft and consumption have increased by more than 20% over the previous year.Dividends and remuneration PK Construction Bank ‘s largest dividend is that the employees of Bank of Communications, the best investor, are most concerned about dividends. Who is the most generous of the six major banks?The answer is CCB, which pays 3 for every 10 shares.2 yuan; followed by Bank of Communications, 3 dividends for every 10 shares.15 yuan.The cash dividends of the six major banks have increased from the previous year, with the largest increase being the Postal Savings Bank, which increased by 0 for every 10 shares.165 yuan to 2.102 yuan.The dividends of the six major banks are all above 30%, of which the highest is Bank of Communications, reaching 31.35%.Who has the highest salary in the six major banks?Sauna and Yewang statistics found that the average expenditure of the six major banks was around 300,000, of which the highest average budget was Bank of Communications, reaching 37.RMB 490,000; the lowest is Agricultural Bank of China, 26.780,000 yuan, a difference of more than 100,000 yuan from the Bank of Communications.The average salary of the other four banks is basically between 280,000-30 million.The number of employees of Bank of Communications is only 8 in 2019.780,000, the only bank among the six major banks with fewer than 100,000 employees.ABC has the largest number of employees, reaching 46.400,000 people, ABC’s expenses for employees’ wages and benefits reached 1242.6.7 billion, nearly four times that of Bank of Communications, but the average staff cost is still lower than Bank of Communications.In fact, most of the big banks are already downsizing, and the total number of employees of the six big banks has decreased by 1 compared with the previous year.150,000 people.Four of the six major banks saw a decline in the total number of employees in 2019, including ICBC, Bank of China, Agricultural Bank of China, and Bank of Communications.Among them, the largest reduction was for the Agricultural Bank of China, which reduced 9680 people from the previous year and reduced 2% of the total number of employees.However, the size of CCB and Postal Savings Bank is still increasing. Among them, the total number of Postal Savings Banks increased by 3597, and they focused on the development of high-quality talents. Compared with 2018, the Bank’s master’s degree and above, and the number of employees with bachelor’s degree increased by more than 8,000.Judging from the remuneration of directors and executives, in addition to Zhang Jinliang, chairman of the Postal Savings Bank, who receives remuneration from shareholder units, the average expenditure of the chairman of the other five major banks is 69.2.78 million yuan (total budget before tax, the same below), the highest of which is Ren Deqi, chairman of the Bank of Communications, with a bonus of 77.930,000 yuan; the least is ICBC Chairman Chen Siqing, only 46.990,000 yuan.The compensation of the chairman, president, supervisor and deputy person in charge of the state-owned bank is limited by the salary of the person in charge of the central enterprise. Therefore, the chairman, president or deputy president of the six major banks are not the highest compensator. Generally, bonuses such as provident funds and other benefits are paid.For five or six hundred thousand.On the contrary, some core position executives or important department heads will be paid higher than the chairman and president.For example, the highest salary of ICBC is Wang Bairong, chief risk officer, Xueqing Dong, and 110 in expenditure.960,000 yuan; the highest salary of Agricultural Bank of China is chief risk officer Li Zhicheng, reaching 119.650,000; Liu Qiuwan, chief information officer of Bank of China, and Xiao Wei, chief auditor, all paid more than 1.12 million; the highest of CCB was chief financial management Xu Yiming, at 99.250,000 yuan.The highest remuneration for Bank of Communications is two business directors, Xu Han, director of retail and private business, and Tu Hong, director of interbank and market business, with an increase of 117.830,000 yuan.Wealth Management Company’s first show of ICBC Wealth Management earned 3 billion Bank of Communications wealth management products with a scale of more than 110 billion yuan. In 2019, a major change in the banking industry is the establishment of wealth management subsidiaries.Since the opening of the wealth management subsidiaries of CCB, ICBC, and Bank of Communications in June 2019, and the wealth management subsidiaries of Postal Savings Bank opened in December, the wealth management subsidiaries of the six major banks have all landed to undertake the original wealth management and other businesses of their banks.The 2019 annual reports of the various banks are also the first to focus on disclosing the annual operation of wealth management subsidiaries.Among the six wealth management subsidiaries, ICBC Wealth Management has the largest asset scale with total assets of 163.9.7 billion yuan, with a net asset of 163.3 trillion; followed by CCB Financial, with total assets of 152.1.7 billion yuan and a net asset of 150.600 million yuan.ABC’s total wealth management assets are 124.4.7 billion yuan, BOC’s total wealth management assets of 102.3.3 billion US dollars, in addition, the total assets of Bank of Communications and China Post Banking are the smallest, both at 8 billion.The four wealth management subsidiaries of Industrial, Construction, Agricultural and Jiaotong announced their net profit in 2019, of which ICBC’s wealth management net profit was the largest, reaching 3.3 trillion; followed by the Agricultural Bank of China, 2.96 trillion; the net profit of Bank of Communications and CCB Wealth Management is less than 100 million, and the Bank of Communications is 8911.54 million yuan, CCB’s financial management is 60 million yuan.There are also Jian, China and Jiao’s three wealth management subsidiaries that disclose the scale of their products.Among them, the product scale of Bank of Communications wealth management exceeded 110 billion yuan in the first year, reaching 1102.05 billion.The product scale of another wealth management subsidiary is relatively small, with CCB’s wealth management product size at 838.26 trillion, Bank of China’s wealth management scale is 744.9.2 billion yuan.In addition, ICBC disclosed that ICBC Wealth Management issued more than 350 specialty products, including fixed income, cash management, equity, projects, multiple asset portfolios, alternative, quantitative, cross-border and other categories.Yang Rong, an analyst at CITIC Construction Investment, believes that the current liquidity easing is beneficial to the debt end of wealth management subsidiaries, and it is easy to obtain funds; the profitability of wealth management products under low interest rate environment increases deposits, and the attractiveness of wealth management to customers has also improvedExpansion of the scale of wealth management subsidiaries.After the policy of steady growth is gradually implemented, it will also help the development of the asset side of wealth management subsidiaries.It expects that the scale of financial management may increase to 15% this year.Sauna, Ye Wang Gu Zhijuan editor Li Weijia proofread Wang Xin