Everbright Bank plans to increase the number of outlets 80-100 two years net profit doubled

Source: Internet
Author: User
Keywords Net profit Everbright Bank two years
Online purchase today, senior executives said stock prices in the afternoon to increase the potential for the purchase of a large number of today's purchase: Everbright Bank Purchase code: 780818 Purchase Price: 3.1 Yuan/share issue: 16.03 times times Issue quantity: 7 billion shares, of which the online issue 1.55 billion shares purchase limit: 2.4 million shares Capital Thaw: August 13 Morning Post reporter Rough intern Wang Yichen China Everbright Bank Limited (hereinafter referred to Everbright Bank, Shanghai Stock Exchange code: 601818) Chairman Tang Shuangning vice-chairman yesterday in the online roadshow, said that with the current actual operation and development prospects,  The goal of doubling net profits is expected to be achieved ahead of two years.  Tang Shuangning vice-chairman also said that in the future, if necessary and market environment permitting, Everbright Bank does not exclude the possibility of issuing H-shares, but the recent lack of such arrangements. 80-100 new outlets each year, Everbright executives have repeatedly said that net profit is expected to double in three years.  Everbright Bank Dong Lu Hong yesterday in the Network roadshow, said management confidence to achieve the goal of doubling the net profit three years, from the current actual operation and development prospects, the goal is expected to be achieved ahead of time. Everbright Bank Chairman Tang Shuangning vice-chairman on the same day in the network roadshow more clearly said: "Now it seems that the goal of doubling the profit is expected to be achieved in two years ahead."  "Data show that 2009 Everbright Bank to achieve operating income of 24.259 billion yuan, net profit of 7.643 billion yuan."  Tang Shuangning Vice-Chairman said yesterday that the Everbright Group's financial leasing company opened in June this year, and the work of Everbright Group's buy-out trust companies is also actively advancing. Everbright Bank Inspection Commission secretary, Chief auditor, said yesterday, up to now Everbright Bank has 514 outlets, of which 93% of the dot distribution in the Yangtze River Delta, the Pearl River Delta, Beijing-Tianjin-Tangshan and the provincial capital cities of these financial resources are concentrated areas. In the future will actively accelerate the speed of network construction, in the country's major cities overall layout, in the core city depth layout.  This year, next year and the year after, the annual plan for 80-100 new outlets.  The non-performing rate of government financing platform loan is less than 0.3% in the question of online roadshow, investors are very concerned about the poor rate of credit card, Government financing platform and real estate loan of Everbright Bank. Lijie, deputy governor of Everbright Bank, said yesterday that in the first half of the year, the non-performing rate of Everbright bank credit card loans fell to 2.84%, down 2.75%.  At present, credit card risk control measures have achieved remarkable results, and credit card loan risk is controllable. In the government financing platform loans, Lijie said, the Everbright Bank's government financing platform loans, 52% of the normal loans issued before 2008, 48% is the 2009 platform loans issued.  By the end of June 2010, the non-performing rate of government financing platform loans was below 0.3%, and no non-performing loans had been issued since 2009, which showed that the risk of government financing platform loan was controllable. Lijie pointed out that the lightThe risk of real estate loan of Big Bank is controllable. In the last three years, there was no non-performing loan in the bank's newly issued real estate loan.  The non-performing rate of real estate loans continued to decline, as at the end of 2009, the non-performing rate of real estate loans was only 0.8%. Lijie revealed that the bank's latest real-estate loan stress test in 2010 showed little impact under mild pressure (house prices fell 10% and interest rates rose by 27bp) and moderate pressure (house prices fell 20% and interest rates rose by 54bp), while under heavy pressure (real estate prices fell 30%,  Interest rate up to 108bp) situation, the Bank's real estate development loan non-performing rate will rise 1.3%, personal housing loan non-performing rate will rise 0.81%, the overall impact within the affordable range. The chairman of the detailed "lightning listing" the Everbright Bank at lightning speed of the meeting and distribution has also aroused the concern of investors, the July 26 after the meeting, immediately began to issue road.  To today's online purchase, period of time only spent 16 days, called "Lightning listing."  In yesterday's online roadshow, Everbright Bank chairman Tang Shuangning vice-chairman explained the reason for the "flash listing". Tang Shuangning vice-chairman said that in July 2007, the Everbright Bank after the reform and restructuring immediately launched, in all aspects of support, the same year in November Everbright Bank completed the capital injection, and then began the listing application work.  However, in anticipation of the 2008 IPO, there was a financial crisis and the time to market was postponed.  But Everbright Bank has not given up on the listing target, preparation has been carried out, and has done all the business data has always been achieved.  Strategic placements: state-owned enterprises actively subscribed to the situation yesterday also revealed the strategic placement of the target.  Lin said, the Everbright bank A-share IPO strategy placement final total subscription will scale up to about 60 billion yuan, mainly includes three kinds of enterprises: first, the central enterprises, such as Minmetals Group, Datang Group, and other existing shareholders, such as Qingdao State letter, Yunnan Hongta and so on, the third is the local leading enterprises, such as Chery Automobile, Shanghai port and so on. said that Everbright bank originally planned a-share issue scale of 10 billion shares, but taking into account the stable operation of the capital market, the initiative to reduce the size of the issue to 7 billion shares.  After calculation and demonstration, this a-share issue can basically meet the capital requirements for the next two years.  Bristling yesterday, said Everbright Bank A-share price ceiling than the bank to deal with the market net rate of 10%~20% discount, future growth potential is great. Listing arrangements, Everbright Bank plans to purchase online on August 10, the initial expected August 18 official landing A shares.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.