China Merchants Bank's net profit in the first half of the year increased by double digits, and the scale of private banking customers' assets ranked first in the industry-clevelanddrifters.com

current location：Home > Aerospace stock > China Merchants Bank's net profit in the first half of the year increased by double digits, and the scale of private banking customers' assets ranked first in the industry text

China Merchants Bank's net profit in the first half of the year increased by double digits, and the scale of private banking customers' assets ranked first in the industry

time：2023-03-24 00:07:18 source：clevelanddrifters.com author：Aerospace stock

China Merchants Bank's net profit in the first half of the year increased by double digits, and the scale of private banking customers' assets ranked first in the industry

The reporter of "Investment Express" noticed that China Merchants Bank (600036) recently announced its interim results for 2022: in the first half of the year, the bank achieved an operating income of 179.091 billion yuan, a year-on-year increase of 6.13%. The net profit attributable to shareholders of the Bank was RMB 69.420 billion, a year-on-year increase of 13.52%. The net interest income was 107.692 billion yuan, a year-on-year increase of 8.41%; the non-interest net income was 71.399 billion yuan, a year-on-year increase of 2.87%, and the non-interest income accounted for 39.87%, still maintaining a high level. The non-performing loan ratio was 0.95%, up 0.04 percentage points from the end of the previous year, and the asset quality was generally stable. In the 2020 annual report, China Merchants Bank first proposed the concept of creating a "big wealth management value cycle chain", which has attracted widespread market attention. In the first half of 2022, China Merchants Bank continued to build a large wealth management value cycle chain, the customer base continued to grow, and various large wealth management businesses achieved rapid development. As of the end of the reporting period, China Merchants Bank had 178 million retail customers (including debit and credit card customers), an increase of 2.89% over the end of the previous year, of which 40.7486 million customers held positions in wealth products, an increase of 7.84% over the end of the previous year. The mid-to-high-end customer base continued to grow rapidly on the basis of a high base. Among them, customers of golden sunflower and above (referring to the retail customers with monthly average daily total assets of 500,000 yuan and above in China Merchants Bank) 4,023,600, an increase of 9.58% over the end of the previous year There were 130,029 private banking customers (referring to the retail customers with total assets of RMB 10 million and above in China Merchants Bank) 130,029, an increase of 6.53%; 70,483,500 credit card circulation customers, an increase of 1.07% over the end of the previous year. In addition, the balance of total assets (AUM) of retail customers managed by China Merchants Bank was 11,717.713 billion yuan (monthly and daily average), an increase of 8.91% over the end of the previous year. Among them, the balance of total assets under management of customers of golden sunflower and above was 9,571.351 billion yuan, an increase of 8.91% over the end of the previous year. An increase of 8.32%; the total assets of private banking customers under management were 3,647.877 billion yuan, an increase of 7.48% over the end of the previous year, ranking first in the industry in terms of scale. It is worth noting that, focusing on the main work line of building a large wealth management value cycle chain, China Merchants Bank has further promoted the digital transformation and development of the whole bank and the upgrade of the 3.0 business model. During the reporting period, China Merchants Bank invested 5.360 billion yuan in information technology, a year-on-year increase of 6.03%, accounting for 3.26% of operating income. Continue to promote the migration of hosts and applications to the cloud, laying a solid foundation for agile business development. As of the end of the reporting period, the overall progress of the cloud migration exceeded 90%. The overall development of the mainframe migration to the cloud was basically completed, and retail customers completed the “no sense” migration to the cloud. The era of cloud services. Relying on financial technology, China Merchants Bank connects the digital society and the digital economy in an all-round way, and builds a digital bank around "online, data, intelligence, platform, and ecology". In terms of onlineization, as of the end of the reporting period, 98% of the non-cash business of retail customers can be handled through the China Merchants Bank App, while the online rate of basic services for corporate customers has reached 96%; in terms of dataization, the bank has accumulated access to 300 external data sources. It is widely used in retail, wholesale, risk and other business fields; in terms of intelligence, AI intelligent customer service, Conch RPA and other intelligent applications have replaced more than 10,000 people with manpower, and the proportion of non-cardholder fraud on the "Libra" platform has decreased to 0.4 per ten million, down 54.50% from the end of the previous year.

(Responsible editor：Stock market)

Last：Brother Wolf Kan stock market: 07.28 Today's stock market resumption and tomorrow's market trend forecast
Next：Market closing analysis (40% position on Monday, September 26)