中文


2019-08-12     

CBIRC Releases Supervisory Statistics of the Banking and Insurance Sectors -- 2019 Q2

 

The CBIRC released supervisory statistics of the banking and insurance sectors for the second quarter of 2019.

 

Banking and insurance assets increased steadily. As of the end of 2019 Q2, the total RMB and foreign currency assets of China’s banking institutions at home and abroad reached RMB 281.58 trillion, up by 8.2% year on year. Among those, assets of large commercial banks registered RMB 114.40 trillion, accounting for 40.6% of the total, and up by 8.3% year on year. Assets of the joint-stock commercial banks reached RMB 49.79 trillion, accounting for 17.7% of the total, and up by 8.4% year on year.

 

As of the end of 2019 Q2, total assets of the insurance companies amounted to RMB 19.5 trillion, an increase of RMB 1.17 trillion and up by 6.4% from the beginning of the year. Among those, assets of property and casualty insurance companies registered RMB 2.38 trillion, up by 1.5% from the beginning of the year. Assets of life insurance companies reached RMB 15.82 trillion, up by 8.3% from the beginning of the year. Assets of reinsurance companies recorded RMB 409 billion, up by 12.1% from the beginning of the year. Assets of insurance asset management companies were RMB 59.2 billion, up by 6.2% from the beginning of the year.

 

The banking and insurance sectors continued to strengthen financial services. As of the end of 2019 Q2, the outstanding balance of loans to MSEs (including MSE loans, individual business owner loans and MSE owner loans) reached RMB 35.63 trillion. The outstanding balance of loans to MSEs for inclusive financing purpose with single credit amount not exceeding RMB 10 million reached RMB 10.7 trillion, up by 26.6% year on year. Loans to government-subsidized housing projects increased by 16.9% year on year, 4.8 percentage points higher than the average loan growth.

 

As of the end of 2019 Q2, the primary insurance premium income recorded RMB 2.55 trillion, up by 14.2% year on year. The claim and benefit payments reached RMB 623.2 billion, up by 4.1% year on year. The volume of insurance policies grew at a rapid pace. As of the end of 2019 Q2, the number of new insurance policies increased by 18.68 billion, up by 39.4% year on year.

 

The quality of credit assets generally remained stable. As of the end of 2019 Q2, outstanding balance of NPLs of commercial banks was RMB 2.24 trillion, up by RMB 78.1 billion compared with the end of 2019 Q1. The NPL ratio of commercial banks was 1.81%, 0.01 percentage point higher than that of the end of 2019 Q1.

 

As of the end of 2019 Q2, outstanding balance of performing loans of commercial banks was RMB 121.29 trillion, among which, the balance of normal loans was RMB 117.65 trillion and the balance of special-mentioned loans was RMB 3.63 trillion.

 

Profit growth was stable. As of the end of 2019 Q2, the accumulated net profits of commercial banks were RMB 1.13 trillion, up by 6.5% year on year. The average ROA of commercial banks was 1.00%, a decrease of 0.02 percentage point compared with the end of 2019 Q1. The average ROE was 13.02%, down by 0.22 percentage point compared with the end of last quarter.

 

Risk resilience was strong. As of the end of 2019 Q2, the balance of loan loss provisions of commercial banks reached RMB 4.26 trillion, increased by RMB 115.1 billion compared with the end of 2019 Q1. The provision coverage ratio was 190.61%, down by 1.56 percentage points compared with the end of last quarter. The loan provision ratio was 3.45%, staying at the same level as the end of last quarter.

 

As of the end of 2019 Q2, the core tier 1 capital adequacy ratio (CAR) of commercial banks (excluding branches of foreign banks) was 10.71%, down by 0.23 percentage point compared with the end of last quarter; tier 1 CAR was 11.40%, down by 0.11 percentage point compared with the end of last quarter; and CAR was 14.12%, down by 0.06 percentage point compared with the end of last quarter.

 

Liquidity remained sound. As of the end of 2019 Q2, the liquidity ratio of commercial banks was 55.77%, down by 1.04 percentage points compared with the end of last quarter; RMB excess reserve ratio was 2.33%, up by 0.59 percentage point compared with the end of last quarter; and the loan-to-deposit ratio (loans and deposits denominated in RMB and extended domestically) was 72.85%, up by 0.63 percentage point compared with the end of last quarter.

 

 



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