Insights into the 2024 Banking Earnings Conference | What impact does the Ministry of Finance's capital injection have? How to cope with a low interest rate environment? This is how executives from the Postal Savings Bank Of China respond.
① The Chairman of the Postal Savings Bank Of China, Zheng Guoyu, stated that the recent registration by the Ministry of Finance will eliminate past doubts from the public regarding the Postal Savings Bank Of China being in a state of 'tight balance' in terms of capital replenishment; ② The President of the Postal Savings Bank Of China, Liu Jianjun, mentioned that the reduction of LPR and the decrease in mortgage rates for existing loans will put significant pressure on the bank. This year, the bank will continue to strengthen interest margin management; ③ In response to the low interest rate environment, 'water must be squeezed out of the dry towel with low profit.'
Insight into the 2024 Banking Earnings Conference | Why has Net income declined for the first time in four years? How will loans to certain risky clients be handled? MINSHENG BANK responded as follows.
①The decline in Net income is mainly due to increased provisions and significant investments in Technology leading to higher depreciation and amortization expenses; ②As of the end of 2024, the loan balances of the Dongfang Group, the Fanhai Group, and the Evergrande Group totaled approximately 35.278 billion yuan, and all have made provisions; ③It is expected that the Industry's interest margin will remain under pressure throughout the year, and efforts will be made to face the challenges to maintain stable revenue.
Insight into the 2024 Industry Earnings Conference｜The management of Shanghai Pudong Development Bank stated that it will continue to control the cost of deposit interest payments and establish a blacklist mechanism to resolutely exit some customers.
① Xie Wei pointed out that the overall environment remains very challenging, and the trend of narrowing net interest margins will continue. ② Striving to solidify the Crediting customer base within 3 to 5 years to further improve the quality of Crediting Assets. ③ In 2024, the total disposal of non-performing Assets will reach 108.7 billion yuan, with Cash recovery of non-performing Assets at 37.8 billion yuan, both figures hitting historical highs, leading to provision reversal.
How do you view the Ministry of Finance's current round of capital injection? Executives from Bank of China,交通 Bank, Construction Bank, and Postal Savings Bank Of China responded together.
① The Shanghai Stock Exchange held a "2025 State-owned Large Commercial Banks Private Placement Investor Briefing", where executives from the four major state-owned banks attended the roadshow and introduced relevant information. ② The recent round of capital injection by the Ministry of Finance did not involve Industrial And Commercial Bank Of China and Agricultural Bank Of China. How will the subsequent capital replenishment plans for these two major banks be arranged? The Financial Association reporter has contacted Industrial And Commercial Bank Of China and Agricultural Bank Of China multiple times today regarding this matter, but no responses have been received.
Insight into the 2024 Banking Earnings Conference | Executives of China Everbright Bank expect a greater decrease in deposit interest rates this year, maintaining cautiousness regarding pressure on net interest margins.
① Considering that some fixed-term deposits will mature in a concentrated manner this year, it is expected that the decline in deposit interest rates will be even greater this year, reaching more than 25 basis points; ② Regarding the possibility of a reserve requirement ratio cut and interest rate reduction, China Everbright Bank's Vice President Liu Yan stated that only structural price changes are expected in the short term, and an overall interest rate cut may still need to wait for a period of time.
Agricultural Bank of China Limited (ACGBY) Q4 2024 Earnings Call Transcript Summary