For three consecutive days, 21 non-performing loan transfer projects were disclosed, accelerating the disposal of non-performing assets by China Construction Bank Corporation. The pressure on the quality of retail assets in the industry has become a trend
①Recently, china construction bank corporation has accelerated the disposal of non-performing assets, releasing 21 related project transfer information in three consecutive days, involving a total outstanding principal and interest of approximately 1.61 billion yuan. ②The industry generally believes that factors such as the economy's slower-than-expected recovery have led to a market-wide trend of general pressure on the quality of retail assets in banks.
Conservative customers are "prohibited"! The china construction bank corporation updates the public deposit gold agreement and warns of "potential losses," following a previous risk notice from the Shanghai Gold Exchange.
On November 18, China Construction Bank Corporation updated the agreement related to public gold accumulation business. the bank reminded that the risk rating of public gold accumulation business is medium risk, conservative clients cannot participate, and warned that the business 'may result in losses.'
Why did the revenue and profit decrease in the first three quarters? How will the bank of communications respond to interest rate pressure in the fourth quarter? The earnings conference will address multiple hot topics in the industry.
① Regarding the decline in net profit and operating income in the first three quarters, the Bank of Communications said at a performance briefing today that the main thing is that processing fees, investment valuations, and exchange gains and losses were relatively weak, but it is anticipated that the one-time impact of policy factors on rival renewal revenue will gradually subside next year. ② In the first three quarters, Bank of Communications's net interest yield was 1.28%, down 2 basis points from the previous year.
State-owned major banks are taking action again, the bank of communications has raised the debit card Alipay quick payment limit, and three national banks have launched a "raising limit action".
On the afternoon of November 7, bank of communications announced on its official website that starting from November 18, 2024, the quick payment limit of bank of communications debit cards in Alipay consumer scenarios will be increased to RMB 0.2 million per transaction, RMB 0.2 million per day, and RMB 6 million per month. Recently, postal savings bank of china and cm bank have also increased the quick payment limits for their debit cards on Alipay or WeChat.
Agricultural Bank of China Limited (ACGBY) Q3 2024 Earnings Call Transcript Summary
China Construction Bank Corporation (CICHY) Q3 2024 Earnings Call Transcript Summary