text / Bazhen
produced / Node Finance
On October 26, Ping An Bank announced its third-quarter performance report.
data shows that in the first three quarters of 2022, the bank achieved operating income of 138.265 billion yuan, and increased by 8.7% year-on-year; and achieved net profit of 36.659 billion yuan, a year-on-year increase of 25.8%.
Among them, in the third quarter, Ping An Bank's revenue and net profit attributable to shareholders were 8.78% and 26.13% year-on-year growth rates respectively.
In other words, under the influence of various negative factors such as macroeconomic slowdown, sluggish consumption, downward real estate, and "forced loan cuts", Ping An Bank's double growth financial report can be said to be beyond expectations.
points business, in the first three quarters of 2022, Ping An Bank's net interest income was 97.349 billion yuan, a year-on-year increase of 8.7%, accounting for 70.4% of its operating income; non-interest net income was 40.916 billion yuan, a year-on-year increase of 8.7%, accounting for 29.6% of its operating income.
Compared with net interest income, Ping An Bank's non-interest income growth rate slowed down significantly during the reporting period, and the two were completely different. The reason is that due to the market impact, net income from handling fees and commissions fell by 11.96% year-on-year to 22.396 billion yuan, a decrease of 7.68% year-on-year.
It is worth noting that although the revenue and profit are impressive, Ping An Bank has deteriorated slightly in terms of asset quality.
As of the end of September 2022, Ping An Bank's non-performing loan ratio was 1.03%, a slight increase of 0.01 percentage points from the end of the previous year, ending the unchanged trend in the first half of the year; the proportion of attention loans was 1.49%, an increase of 0.07 percentage points from the end of the previous year; the deviation of loans overdue for more than 60 days and the deviation of loans overdue for more than 90 days were 0.89 and 0.76 respectively, up 0.04 and 0.03 respectively from the end of the previous year.
According to regulatory regulations, commercial banks should divide loans into five categories according to the degree of risk. Pay attention to loans refer to loans that currently have the ability to repay the principal and interest of the loan, but there are some loans that may have adverse effects on repayment.
In other words, the expansion of the proportion of attention-based loans will put certain pressure on Ping An Bank's subsequent asset quality.
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