Credit 10% Pry net profit increased nearly 30% ICBC net profit 85 billion

The profit structure of ICBC is changing quietly. ICBC released its 2010 operating data yesterday.　　In the first half of the year, ICBC realized an after-tax profit of 85 billion yuan, an increase of 18.4 billion yuan and an increase of 27.3%.　　Other key indicators, as at the end of June, ICBC capital adequacy ratio of 11.34%, core capital adequacy ratio 9.41%, non-performing loan balance of 80.073 billion yuan, reduce 8.394 billion yuan, non-performing loan rate 1.26%, down 0.28%; "ICBC is doing better than expected.　　Li Shanshan, an international analyst at the bank, said commercial banks ' revenue consisted mainly of interest net income and intermediate business revenue.　　Most of the interest net income of the domestic commercial Bank is formed by the credit, the increase of interest net income is no bigger than two multiplier, namely loan scale and net interest rate.　　ICBC Chairman Jiang Jianqing said that in the first half of the year, ICBC's domestic branches of renminbi loans added 524.1 billion yuan, an increase of 9.9%, the lowest growth in large banks, but also lower than the industry average of 1.7%. It is clear that the first half of the regulator's measures to rein in credit growth are reflected in ICBC. ICBC plans to add 900 billion yuan in new loans this year, below last year's increase of more than 1 trillion yuan.　　In the context of the limited expansion of credit scale, it is only to be hoped that the "price supplement". ICBC said net interest rates rose 11 basis points to 2.37% from the end of last year.　　The increase of net interest rate is one of the important reasons to support 27.3% net profit growth.　　The report showed that in the first half of 2010, ICBC's interest net income was 143.312 billion yuan, an increase of 27.274 billion yuan, an increase of 23.5%, accounting for 78.9% of operating income.　　In addition, the rapid growth of intermediary business has become an important part of ICBC's profit growth. In the first half, ICBC realized the fees and commissions net income of 36.9 billion yuan, an increase of 33%, accounting for the first time the proportion of operating income exceeded 20%, reached 20.39%.　　Among them, clearing, clearing and cash management, investment banking and personal finance and private banking are the top three of profit contributions.　　In the first half of the year, ICBC has set up 181 overseas institutions, the total assets of foreign institutions have increased by 25.44%, and pre-tax profits have risen 46.61% per cent year-on-year. In addition, ICBC President Kaisheng also said at the performance conference that ICBC's financial business income accounted for the intermediary business income 5%~7%, while the median business income accounted for 20% of total income.　　As a result, the CBRC recently issued a new regulation on the cooperation of the Bank and the ICBC has little influence. He also revealed that as at the end of June, ICBC Bank financial products balance of 440 billion yuan, of which financing products about 235 billion yuan. At $235 billion, $ more than 100 billion will naturally expire in the next two years, and it will need to be merged into only $80 billion in the table.