I never expected that the average salary of bank employees is related to the stock price.
With the disclosure of the 2018 annual reports of A-share listed banks, the average salaries of many banks have also surfaced. Comparing the average salary of banks with this year's stock price, Fund Manager found that the three banks with the highest average salary: China Merchants Bank , Ping An Bank , and Bank of Ningbo had the highest stock price increases this year, all exceeding 40%.
The average salary of China Merchants Bank, Ping An, and Bank of Ningbo exceeds 450,000.
With the disclosure of annual reports of listed companies, the salary situation of many banks has also surfaced.
Tonight, Mr. Fund will gossip with everyone about my friends who work in banks and the issue of average salary.
So far, 18 of the 32 A-share listed banks have completed the disclosure of their 2018 annual reports, including 5 major state-owned banks and other joint-stock banks, city commercial banks and rural commercial banks. Excluding the new banks listed last year, there are 14 banks in total.
The specific salary situation is as follows: China Merchants Bank has the highest per capita annual salary of 576,900 yuan, followed by Ping An Bank with an average annual salary of 511,800 yuan, and Ningbo Bank ranks third with an average annual salary of 457,500 yuan.
The four major banks of China Construction and Industry and Agriculture ranked among the bottom four, among which the Agricultural Bank of China ranked the bottom with an average annual salary of 261,400.
In response, netizens expressed that they were being averaged again:
However, compared with the average annual salary of major banks in 2017, this year’s average annual salary of major banks Average salaries have increased. Among them, China Merchants Bank, which has the highest average salary, had a per capita salary of 497,000 in 2017, an increase of 17.8%; Ping An Bank's per capita salary in 2017 was 455,000, an increase of 16.1%. At the bottom of the list, the Agricultural Bank of China’s per capita salary in 2017 was only 23.1%, with an increase of more than 10%.
Among the 14 banks mentioned above, only CITIC Bank’s per capita salary did not increase but fell.
High per capita income, retail transformation + investment in technology
Overall, the three banks with the highest salaries have all undergone steady transformation in 2018, increased investment in technology, and increased net profits.
At the same time, the per capita income of these three banks is not low. Ping An Bank's per capita income was 3.477 million yuan, China Merchants Bank's per capita income was 3.379 million yuan, and Ningbo Bank's per capita income was 2.161 million yuan. The per capita income of other major state-owned banks is generally around 1.2 million to 1.9 million.
1. China Merchants Bank: "Light Bank", net profit exceeded 80 billion
In 2018, China Merchants Bank actively transformed, adhered to the strategic direction of "Light Bank" and the strategic positioning of "One Body, Two Wings", carried out various businesses, and the overall operating situation continued to improve. , "quality, efficiency and scale" achieve dynamic and balanced development. Mainly reflected in:
's profit has grown steadily. In 2018, the Group achieved net profit attributable to shareholders of the Bank of RMB80.560 billion, a year-on-year increase of 14.84%; net interest income of RMB160.384 billion, a year-on-year increase of 10.72%; net non-interest income of RMB88.171 billion, a year-on-year increase of 15.95%, excluding The impact of the new financial instrument standards increased by 4.01% year-on-year.
Non-performing loans declined and provision coverage remained at a solid level. As of the end of the reporting period, the Group's total non-performing loans were RMB 53.605 billion, a decrease of RMB 3.788 billion from the end of the previous year; the non-performing loan ratio was 1.36%, a decrease of 0.25 percentage points from the end of the previous year; the non-performing loan provision coverage rate was 358.18%, an increase of 96.07 percentage points from the end of the previous year. percentage point.
company continues to increase its investment in scientific and technological resources. During the reporting period, it invested 6.502 billion yuan in information technology, a year-on-year increase of 35.17%, accounting for 2.78% of the company's operating income that year, and a year-on-year increase of 0.46 percentage points. The bank has applied for a total of 931 financial technology innovation projects, of which 304 projects have been put into production. Significant progress has been made in the construction of a "fintech bank".
2, Ping An Bank: retail transformation, net profit of 24.818 billion yuan,
In 2018, the bank's operating conditions had the following characteristics:
(1) Overall operation and steady development
In 2018, the bank achieved operating income of 116.716 billion yuan, a year-on-year increase of 10.3%; Among them, net interest income was RMB74.745 billion, a year-on-year increase of 1.0%, and net profit was RMB24.818 billion, a year-on-year increase of 7.0%. At the end of 2018, the Bank’s total assets were RMB3,418.592 billion, an increase of 5.2% from the end of the previous year; the balance of deposits from customers was RMB2,128.557 billion, a year-on-year increase of 7.0%. An increase of 6.4% at the end of the previous year; the total number of loans and advances (including discounts) issued was 1,997.529 billion yuan, an increase of 17.2% from the end of the previous year.
(2) Retail transformation advanced
At the end of 2018, the Bank’s retail customer assets under management (AUM) were 1,416.796 billion yuan, an increase of 30.4% from the end of the previous year, and the number of retail customers was 83.9 million, an increase of 20.0% from the end of the previous year, including 591,600 wealth customers. The number of private banking customers reached 30,000, an increase of 29.6% compared with the end of the previous year, an increase of 27.7% compared with the end of the previous year.
(3) Corporate focus on creating high-quality products
(4) The results of technology leadership are evident
In terms of technology investment, in 2018, the Bank Investment in technology has increased significantly, with IT capital expenditures reaching 2.575 billion yuan, a year-on-year increase of 82%. At the end of 2018, the bank’s technology manpower increased by more than 44% compared with the end of the previous year.
(5) Asset quality has improved significantly
At the end of 2018, the balance and proportion of overdue loans and loans overdue for more than 90 days of the Bank achieved a "double decrease". The balance of overdue loans was 49.480 billion yuan, a decrease of 9.264 billion yuan from the end of the previous year; the proportion of overdue loans was 2.48%, a decrease of 0.96 percentage points from the end of the previous year.
(6) Support and serve the real economy
(7) Lay a solid foundation and improve capital
3. Bank of Ningbo: Big retail transformation + financial technology, net profit 11.186 billion
In 2018, the company achieved operating income of 28.930 billion yuan, a year-on-year increase of 3.616 billion yuan, growth 14.28%; the net profit attributable to shareholders of the parent company was 11.186 billion yuan, a year-on-year increase of 1.853 billion yuan, an increase of 19.85%. 1. Overview of the overall situation
Since 2018, the company has taken serving the development of the real economy as its fundamental purpose, always adhered to the business strategy of "big banks can't do well, small banks can't do it", and actively explored differentiated development paths. In the bank's operation and management New progress has been made, and core competitiveness has been continuously enhanced.
(1) Profit and scale have reached a new level, and the quality of operations reflects new connotations.
(2) Diversified development makes synergy and synergy brings new advantages into play.
In 2018, the company achieved operating income of 28.930 billion yuan, a year-on-year increase of 14.28%, of which interest Net income was 19.120 billion yuan, a year-on-year increase of 16.67%, and non-interest income was 9.810 billion yuan, a year-on-year increase of 9.91%. The coordinated development of various profit centers drove the company's various incomes to achieve steady and sustained growth.
(3) Strategic transformation is advanced in depth, and new energy is injected into business drivers.
In 2018, based on the strategic transformation of large retail, the company closely followed the wave of financial technology and continued to improve customer experience and market reputation. Wealth management, private banking and other large retail businesses The driving force is further strengthened. As of the end of 2018, the company's personal loan balance was 137.066 billion yuan, an increase of 29.72% from the beginning of the year. The proportion of personal loans in total loans increased by 1.43 percentage points from the beginning of the year. The company's personal deposit balance was 122.867 billion yuan, an increase of 16.07% from the beginning of the year. The company drives customer AUM growth through good online + offline products and services, achieving deposit growth and structural optimization. During the reporting period, the development model of the company's wealth management and private banking became clearer, and the expansion of the two major businesses injected new energy into the company's sustainable development.
(4) Management supports multiple breakthroughs and achieves new improvements in operating efficiency
In 2018, the company continued to strengthen management upgrades, effectively coordinated strategic transformation, and continued to explore aspects such as capital management, asset and liability management, and risk management that were consistent with its own strategic positioning and long-term development. The target system, mechanism and measures have promoted the continuous improvement of overall operating efficiency, and comprehensive indicators such as capital adequacy, capital efficiency, and risk resistance have continued to remain at a good level in the industry.
The higher the average salary, the greater the stock price increase this year.
Judging from the above salary performance, friends who are familiar with bank stocks may see a bit of a "coincidence": banks with higher per capita salary will have a greater increase this year. According to
data, the above-mentioned 14 listed banks have an average increase of 22.12% this year, among which the three with the highest average salary have an average increase of more than 40%.
For example, China Merchants Bank, which topped the list with a per capita salary of 576,900, has seen an increase of 41.23% this year:
Ping An Bank, with a per capita salary of 511,800, has seen a 47.76% increase this year:
Ningbo Bank, with a per capita salary of 457,500, has seen an increase of 43.65% this year:
14 banks Average salary and stock price increase:
(Source of article: China Fund News)
