Huaxia Bank: the future risk is arduous to hoist the advance rate
Huaxia Bank Annual Report 2008 shows that the realization of interest income 13.492 billion yuan, an increase of 20%; net profit of 3.071 billion yuan, an increase of 46.15%, 0.7 yuan per share. Non-performing rate of 1.82 percent at the end than the mid-2008 continued to decline 24 basis points.
Provision extensively the fourth quarter of 2008 in order that the real forfeit
Growth in 2008 the business structure, productive levy rate of earnings levy components that assisted to the down turn in the percentage of 89%; interest components in non-interest earnings and snare earnings come to a grade of 39% and 12%; as a outcome of the cost of provision and boost the assistance rate to the presentation of -- -28.54% and 34.77%.
Income levy rate is the major cause for the presentation of considerable development, interest earnings development than the 07, only 20%.
Since the mid-2008 the company set aside only 126 percent coverage, which is lower than the average level of joint-stock banks, the company in the third and fourth quarter provision to increase the rate provision, the amount of new loans set aside 2.505 billion yuan, accounting for 08 assets in the second half of the proportion of impairment losses of 90%, resulting in a net profit of the actual loss of the fourth quarter.
Company borrowings in 2008, Central than the fourth quarter expanded by 3.12%, in order that the annual development rate of only 15.78 per hundred of borrowings, which is smaller than in 2007 and 17.63% of the grade of other joint-stock banks.
As the fourth quarter of the company's loan growth has not significantly increased, with the narrowing of spreads in space, so that interest on the fourth quarter and year-on-year net income fell more than Central.
08 the end of the company's mean interest rate of 7% over the mid-2008 down turn of 17 cornerstone points; one long-term lending rate by 6.8%, down 46 cornerstone points, a bigger decrease. (08 end of the year as a outcome of short-term devices encompassed in the discount lending rate, with the mid-2008 caliber inconsistent facts and numbers, it is tough to compare).
Decline in loan worth in the second half 08
08 financial gatherings over the end of horrid advances carried on to descent in mid-2008 a 24 foundation points to 1.82, a greater diminish, a diminish of the undesirable balance of close to 390 million yuan.
08 the second half of the advance provision in extensively the matching time provision for an advance of efforts to draft off non-performing advances, new advances to draft off 1.35 billion, so the total year to draft off non-performing advances amounted to 2.054 billion yuan, the allotment typed off over 07 in an advance of 37%.
08 the end of the year, the company provided loans up to 151 percent coverage to reach the requirements of regulatory authorities; the quality of provision for the increase in the proportion of portfolio provision in the second half of 2008 rose to 37.83 percent from 55.97 percent, but still slightly lower than the overall level of the banking industry.
In 2008, the financial gathering of non-performing advances rate of all subdivisions of the public more than the midpoint ratio of non-performing advances (1.94%) are chiefly agriculture, forestry, animal husbandry and fishery 6.49 out of 100, to perform the restricted occupants and 6.37 out of 100 other services, knowledge transmission, computer services and programs development, 5.52 out of 100, the Housing 3.68% actual property area, hiring and enterprise services subdivision, 3.65%, 3.39% wholesale and retail exchanges, training 3.04%. As a effect of the wholesale and retail trade, leasing and enterprise services, actual property area advances accounted for on the high fraction of 14.21%, respectively, 6.74% and 6.5%, it is the principle source of non-performing loans.
The proportion of time deposits increased significantly rise in the cost of its liabilities
The average balance of deposits in the company, the higher the proportion of time deposits, the average balance of time deposits in 2008 increased slightly to 67.28 percent, up 0.36 percentage points.
A regular basis in 2008 and savings companies, respectively, time deposit rates over the medium term in 2008 increased by 13 and 24 basis points rise rapidly, more than demand reduction.
Fee and commission income continued to grow
Due to the slow development of intermediary business, the end of the year 2008 the company achieved net income of fees and commissions 822 million yuan, an increase of 82%; the proportion of revenues accounted for only 4.67% higher than in 2007 increased by 1.51 percentage points, the proportion of the low. Intermediary business because of the lower base, the downturn in capital markets and other factors affect the smaller, relatively stable growth.
Although 08 non-performing rate of the second half of the business proceeded to down turn and poor balance, but to compose off awful borrowings, taking into account the components, the genuine increase of non-performing loans; the business important time down payments and demand down payments than slow development, with the percentage of high interest cost of high, in order that snare interest margin is still low; better is the business set apart 150 per hundred treatment grade, blended to make provision for expanded provision of higher value coverage; financing capital adequacy ratio, after increasing lending space larger.
Combination of these elements, the Yangtze River is looked frontwards to to securities financial gatherings EPS0.79 million in 2009, the risk of future expansion is arduous to hoist advances, high interest charges, as well as supplemental non-performing greater allotment of insist on financial gatherings to be neutral rating. - 18780
Provision extensively the fourth quarter of 2008 in order that the real forfeit
Growth in 2008 the business structure, productive levy rate of earnings levy components that assisted to the down turn in the percentage of 89%; interest components in non-interest earnings and snare earnings come to a grade of 39% and 12%; as a outcome of the cost of provision and boost the assistance rate to the presentation of -- -28.54% and 34.77%.
Income levy rate is the major cause for the presentation of considerable development, interest earnings development than the 07, only 20%.
Since the mid-2008 the company set aside only 126 percent coverage, which is lower than the average level of joint-stock banks, the company in the third and fourth quarter provision to increase the rate provision, the amount of new loans set aside 2.505 billion yuan, accounting for 08 assets in the second half of the proportion of impairment losses of 90%, resulting in a net profit of the actual loss of the fourth quarter.
Company borrowings in 2008, Central than the fourth quarter expanded by 3.12%, in order that the annual development rate of only 15.78 per hundred of borrowings, which is smaller than in 2007 and 17.63% of the grade of other joint-stock banks.
As the fourth quarter of the company's loan growth has not significantly increased, with the narrowing of spreads in space, so that interest on the fourth quarter and year-on-year net income fell more than Central.
08 the end of the company's mean interest rate of 7% over the mid-2008 down turn of 17 cornerstone points; one long-term lending rate by 6.8%, down 46 cornerstone points, a bigger decrease. (08 end of the year as a outcome of short-term devices encompassed in the discount lending rate, with the mid-2008 caliber inconsistent facts and numbers, it is tough to compare).
Decline in loan worth in the second half 08
08 financial gatherings over the end of horrid advances carried on to descent in mid-2008 a 24 foundation points to 1.82, a greater diminish, a diminish of the undesirable balance of close to 390 million yuan.
08 the second half of the advance provision in extensively the matching time provision for an advance of efforts to draft off non-performing advances, new advances to draft off 1.35 billion, so the total year to draft off non-performing advances amounted to 2.054 billion yuan, the allotment typed off over 07 in an advance of 37%.
08 the end of the year, the company provided loans up to 151 percent coverage to reach the requirements of regulatory authorities; the quality of provision for the increase in the proportion of portfolio provision in the second half of 2008 rose to 37.83 percent from 55.97 percent, but still slightly lower than the overall level of the banking industry.
In 2008, the financial gathering of non-performing advances rate of all subdivisions of the public more than the midpoint ratio of non-performing advances (1.94%) are chiefly agriculture, forestry, animal husbandry and fishery 6.49 out of 100, to perform the restricted occupants and 6.37 out of 100 other services, knowledge transmission, computer services and programs development, 5.52 out of 100, the Housing 3.68% actual property area, hiring and enterprise services subdivision, 3.65%, 3.39% wholesale and retail exchanges, training 3.04%. As a effect of the wholesale and retail trade, leasing and enterprise services, actual property area advances accounted for on the high fraction of 14.21%, respectively, 6.74% and 6.5%, it is the principle source of non-performing loans.
The proportion of time deposits increased significantly rise in the cost of its liabilities
The average balance of deposits in the company, the higher the proportion of time deposits, the average balance of time deposits in 2008 increased slightly to 67.28 percent, up 0.36 percentage points.
A regular basis in 2008 and savings companies, respectively, time deposit rates over the medium term in 2008 increased by 13 and 24 basis points rise rapidly, more than demand reduction.
Fee and commission income continued to grow
Due to the slow development of intermediary business, the end of the year 2008 the company achieved net income of fees and commissions 822 million yuan, an increase of 82%; the proportion of revenues accounted for only 4.67% higher than in 2007 increased by 1.51 percentage points, the proportion of the low. Intermediary business because of the lower base, the downturn in capital markets and other factors affect the smaller, relatively stable growth.
Although 08 non-performing rate of the second half of the business proceeded to down turn and poor balance, but to compose off awful borrowings, taking into account the components, the genuine increase of non-performing loans; the business important time down payments and demand down payments than slow development, with the percentage of high interest cost of high, in order that snare interest margin is still low; better is the business set apart 150 per hundred treatment grade, blended to make provision for expanded provision of higher value coverage; financing capital adequacy ratio, after increasing lending space larger.
Combination of these elements, the Yangtze River is looked frontwards to to securities financial gatherings EPS0.79 million in 2009, the risk of future expansion is arduous to hoist advances, high interest charges, as well as supplemental non-performing greater allotment of insist on financial gatherings to be neutral rating. - 18780
posted by X - Men at
2:27 AM
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