Financial Associated Press, June 29 (Reporter Liang Kezhi) On the evening of June 29, China Merchants Bank issued an announcement, announcing the resolutions of the general meeting of shareholders and the 12th board of directors on the same day, among which it announced the senior management of China Merchants Bank, and Wang Liang continued to serve as president , Wang Jianzhong, Shi Shunhua, Wang Yungui, Li Delin, Zhu Jiangtao and other five vice presidents, showing that the senior management of China Merchants Bank continued to maintain stability.
At the shareholders' meeting on the morning of June 29, when answering questions from investors, China Merchants Bank President Wang Liang said that China Merchants Bank's business operations in the first half of the year were generally more optimistic than worried. Among them, demand accounts for 63%; the growth structure of AUM changed in the second quarter, focusing on wealth management and savings. Affected by capital market fluctuations, the growth rate of equity assets slowed down.
Wang Liang said that the net interest margin of China Merchants Bank in the first quarter was 2.56%, an increase of 3 bp from the previous quarter; in the second quarter, as the market interest rate level fell, the level of net interest margin changed, mainly due to the asset side. The main source of interest of China Merchants Bank Affected by the general environment, the mortgage and credit card business decreased significantly year-on-year, which had an impact on credit pricing; the corporate business, due to competition among peers for effective credit supply, lowered the pricing level of interest rates, thus affecting the level of interest margins.
In terms of wealth management income, Wang Liang admitted that the growth rate in the first half of the year slowed down. Among them, the sales income of fund agency sales fell by about 11% in the first quarter, but the income of asset management and custody increased by 47% and 13% respectively. China Merchants Bank estimated that , With the recovery of the capital market and the rapid recovery of transaction volume, the income situation in the second half of the year should be better than that in the first half of the year.
In the face of asset shortage, China Merchants Bank adjusted its strategy, increased the expansion of corporate credit, bills, and inter-bank business, and increased interest income. Generally speaking, the revenue in the first half of the year slowed down, but the profit growth was in line with expectations, and the overall performance was stable.
Regarding the slight increase in non-performing assets, Wang Liang said that due to the interference of factors such as the international Russian-Ukrainian conflict and the domestic epidemic, the domestic banking industry has been directly affected.Wang Liang, President of China Merchants Bank, said that the balance of non-performing loans in the first quarter was 54.1 billion, an increase of 3.3 billion from the previous quarter, and the non-performing loan ratio was 0.94%, an increase of 0.03% from the previous quarter, ending the five-year continuous decline in both non-performing loans and non-performing loan ratios.The sources of this round of risk assets are mainly consumer loans such as real estate and credit cards, and real estate is mainly caused by the default of individual housing companies.In general, China Merchants Bank adopts strict classification standards for non-performing assets, and has no assets in arrears.
China Merchants Bank is currently assessing whether the double rise is a trend change.Wang Liang said, "On the whole, although the amount of non-performing loans and the ratio of non-performing loans of our bank increased slightly, the rate of increase was very small, and the non-performing loan ratio has remained at a low level."
(Editor in charge: Guan Jing)
