Deposit "Adjustment structure" Minsheng Bank saves 1.487 billion

In the first half of this year, the CBRC's strict implementation of a "three-way guideline" has left most banks stranded in the growth of deposits.　　Through the management business of public cash, Minsheng Bank not only get rid of the traditional way of increasing public deposit, but also deposit a large amount of low cost demand deposits, which contributes directly to the net profit growth in the first half of the year.　　In the case of a big increase in deposit size of more than 200 billion, the overall interest expenditure is reduced-the first half of the debt cost significantly reduced to save 1.487 billion yuan, it is clear that Minsheng Bank today handed over a rather "alternative" report card.　　China Daily reported that the first half of the Minsheng Bank achieved net profit of 8.866 billion yuan, an increase of 1.492 billion yuan, an increase of 20.23%; If the contribution of the investment income from the disposal of Haitong stock equity to the net profit of Minsheng Bank was eliminated in the first half of 2009, the net profit of Minsheng bank Rose 141.6%.　　However, the reporter noted that Minsheng bank in the first half of the year's increase in the net profit of 1.492 billion yuan, the main source of contribution is not interest-bearing asset yield rise, but the cost of debt significantly reduced. Net profit growth "province" come out securities Times reporter noted that Minsheng Bank of the first half of the year's interest-bearing assets, the average yield was only slightly higher than last year, but the average cost of the debt rate of 0.41% compared with the same period last year, the combination of two factors led to Minsheng Bank net interest margin rose The median income of Minsheng Bank increased by 303.459 billion yuan in the first half of the year, which was simply multiplied by a 0.49% net interest margin, the report showed.　　The net interest rate increase for Minsheng Bank in the first half of this year is 1.487 billion yuan, which is almost equal to the net profit of 1.492 billion yuan in the first half.　　In other words, the fall in the first half of this year, the lower deposit costs of interest payments, is the livelihood of the bank's net profit increase part of the reason.　　Minsheng said the lower average cost rate of the bank's liabilities was mainly attributable to an increase in the average balance of demand deposits in the first half of the year, as well as a drop in the cost of time deposits and a drop in deposit cost rates that outweighed the impact of the increase in deposit balances.　　Cash management sedimentation demand deposits in the first half of the deposit market growth is weak, banks at the expense of absorbing deposits, how can Minsheng bank significantly reduce the cost of deposits? The secret lies in the change of the public deposit structure of Minsheng Bank. The Bank of China reported that at the end of the reporting period, the bank's deposit balance was 1,098,675,000,000 yuan, an increase of 168.277 billion yuan at the beginning of this year and an increase of 18.09%.　　In this part of the company's deposits, demand deposits accounted for 51.29%, and the average cost of deposits was 1.43%, down 0.38% from the beginning of the year. The growth of public deposits, especially demand deposits, mainly depends on the development of the transaction financing business of Minsheng Bank. Minsheng Bank said that the transaction financing business can integrate customer inventory, accounts receivable, notes receivable resources for financing, while the host bank to bring cash management and future cash flowManage business opportunities.　　and relying on cash management, enterprises in the bank deposits will not only precipitate down, but also a considerable part of the low cost of demand deposits.　　Data show that the first half of this year Minsheng Bank new deposit customers 20,400 households, bringing new deposits of 105.5 billion yuan, accounting for the increase in public deposits of 62.7%, and as of the first half of this year, Minsheng bank balance of the total number of public deposits of customers reached 153,600 households, up 15.3% from the previous year. "Before banks made deposits, they relied on loans to derive deposits. However, after the CBRC implemented the ' three guidelines ', the amount of the loan derivative deposits decreased greatly, which brought a great impact on the deposit business in the first half of each bank, and also directly led to the occurrence of various high interest-rate range-storing phenomena. People's livelihood through cash management to deposit deposits, but also deposited a large number of low-cost demand deposits, this is a very meaningful attempt, it is worth learning. "A general manager of the Plan finance Department of the headquarters of the bank said to reporters.