Internet thinking reconstructs Bank's "Rivers and lakes" big bank fade exhausted state

The first half of the listed banks make 3.784 billion yuan daily average; by the internet, big banks ' profit growth slowed down

In the first half, 16 banks realized total net profit amounted to 684.9 billion yuan, far exceed the current performance of more than 2000 non-financial listed companies and the net profits, 16 banks earn an average of 3.784 billion yuan a day, still maintain a "day into the fight gold" high profit situation.

In the industry, under the influence of internet finance, ICBC is still in the lead position, but the pace has slowed down, peace is at full speed ahead, some companies away from the internet, it is gradually showing weakness.

Leader of ICBC

The electric business dream of leading brother

"ICBC wants to build a new E-ICBC." ICBC Chairman Jiang Jianqing described the new blueprint at the interim results Conference August 28.

In his plan, he is now playing the popular game of the Internet. First, the construction of electric business platform, direct marketing banking platform and instant communication platform, the second is to establish internet-based payment, financing, investment and financing of the three products system, at the same time, the construction of online and offline integration of the financial system, the online consumption and offline consumption integration. In addition, it is important to strengthen the application of large data, mainly for financing and payment tools. These products will be launched this year.

Big flow into the banking advantage

As the leader of the domestic banking industry, is also the world's most profitable bank-ICBC, the first half of this year smooth performance. To achieve net profit of 148.1 billion yuan, an increase of 7.05%.

January 12, 2014, ICBC business platform "e-buy" online, six months time the cumulative turnover of the platform 15.5 billion yuan, daily turnover exceeded 70 million yuan. Jiang Jianqing expressed satisfaction with the result: "E-shopping in the first half of this year performance well, the pace of development even more than some well-known electric dealers in the same level." It is expected that the turnover of 30 billion yuan this year is no problem. If reach 30 billion, also entered the top ten electric business ranks. ”

A vertical portal who has been working with ICBC has described a story to reporters: "To talk to ICBC about cooperation, ICBC asked:" Why do I want to cooperate with you? "Answer Yue:" We have the flow advantage, now browse quantity already has xx. ICBC replied: "Our website itself has a larger flow of traffic than you." ”

This is also the Bank of ICBC and other banks to do the natural advantages of the electricity business. As of June this year, ICBC has a total of net silver customers 180 million, mobile banking customers 135 million, electronic banking business pens accounted for 82.3% of the entire industry.

One industry personage said, the bank is the bigger the electricity merchant volume The more the bank has the superiority. The bank is different from the traditional electric dealer, its customer positioning is very accurate, each transaction behind the financing or a variety of financial products to follow up, this is the real purpose of the bank to do electricity. Compared with the same 6-month online, ICBC is doing well.

Banks are not easy to do

However, an embarrassing fact is that from the July 2012 CCB first taste crab launched "good business" electric platform so far, although many banks have tried to build their own platform, but still groping, there is no particularly successful examples.

2013, the business of good and financial transactions of 27.8 billion yuan a year, the first half of this year is 19.1 billion yuan. However, this and last year Taobao "double 11" one day on the breakthrough of 35 billion yuan turnover, still far from.

In the opinion of e-commerce observer Ruzenwang, the bank is the rejection, they want to use electricity to attract customers, and then for the loan business services.

ICBC has launched a number of internet-based loan products, for example, based on the line under the direct consumption of new credit products, "Yi-Loan" the amount reached 121.3 billion yuan. Internet financing products for small micro-enterprises "net credit" balance of about 300 billion yuan, increased by nearly 40 billion compared with the beginning of the year.

However, Ruzenwang that the bank as a traditional enterprise, the system, the mechanism of the lack of internet genes, so into this area, in the beginning will not be too successful. E-commerce system, decision-making must be very fast, very transparent, the ability to integrate resources is very strong. Banks also need to adapt to the culture and mechanism of E-commerce.

Chased by Ping An bank

"Abnormal" transition growth

Net profit of 10.07 billion yuan, an increase of 33.74%, Ping An bank in the first half of the report card more than expected, net profit growth in 16 listed banks leading, the other 15 banks, the net profits growth rate is not more than 20%.

Ping An bank President Shao frankly, for Ping an bank, different from other banks "abnormal" high growth is benefited from the bank reform and transformation of the effectiveness of the release.

Trade change deposit, transition effect

2012, the original Shen first deep development formally renamed Ping An bank. But then led to the original deep development executives of the collective job-hopping, Ping An's iron fist integration also caused the market concern. A bank analyst pointed out that in the long run, the insurance culture is strongly implanted into the bank management, after some management mode is broken, whether Ping an bank can maintain high growth rate, still need time to prove.

In September 2012, Shao, the former vice president of Minsheng Bank, led many people's livelihood Kibaki to safety. "2013 is the first year of two lines of integration, while the reform side of the development, the 2014 transition effect began to reflect the rapid development period, but once the business model of the transition to the end, will return to normal growth rate." "Shao said.

In 2013, the Shao fencing carried out large-scale integration, ping an bank from 79 departments reduced to 52, the cost center reduced to 38, at the same time also integrated the establishment of 15 division.

The growth of bank deposits in the first half of the bank has been envied by banks in the face of weak deposit growth due to financial media and internet banking products. As of the end of June, ping An deposit balance exceeded 1.5 trillion, the first half of the deposit balance soared 291.9 billion yuan, half a year increase to reach the annual increase of 1.5 times times.

Shao said that this is one of the effects of the transition, through the group's comprehensive financial and internet finance to change the way to get customers: from the traditional pull deposit to the point of view, through efficient cash management to bulk customer access, and retain customer funds flowing water. Ping An bank has launched a number of orange e-net based on large data and the Internet platform, to attract a large number of platform customers to enter the daily trading flow is precipitated into the bank's deposits.

According to Huatai securities calculation, Orange E platform for Ping An bank new daily savings of 99.4 billion yuan. Ping An bank has already tasted the sweetness of internet finance.

Bad loans still rebound pressure

At the same time, the bad loans of Ping An bank are still a big trouble.

As at the end of June, the non-performing loans amounted to $8.668 billion, which grew by 1.13 billion in the year to 14.95%, and the non-performing loan rate of 0.92%, up 0.03% from the beginning of the year.

The first half of Ping an bank non-performing loans mainly concentrated in a loan, manufacturing, business, accounting for 98% of non-performing loans, one loan non-performing loans increased faster, regional risk is mainly concentrated in the main headquarters and the eastern sector, and steel trade enterprises and private SMEs are bad loans hardest hit. Ping An bank executives said that in the economic downturn, bank non-performing rate will generally rise.

"The decline in asset quality is partly the result of the systemic risk of the downward cycle of the economy, on the other hand, the" high risk, high pricing "strategy chosen by Ping an bank. How to control moderate risk pricing strategy is the problem that ping an bank should solve. "The National Securities Research report pointed out.

Tangya, an analyst with northeastern Securities and banking industry, said that the investment risk of Ping An bank was mainly the uncertainty of the two-line integration effect, the uncertainty influence of the new regulation policy on the bank and the pressure of the macroeconomic fluctuation on the asset quality.

Reformer Bank of Communications

Expect mixed bonuses

In the first half of this year, the net profit growth of bank of communications fell into single-digit numbers, and the business-banking Bank of communications is expecting a revitalized mix of ownership reform.

The restructuring of the Division has not yet worked

The first half of the year, the net profit of 36.773 billion yuan, an increase of 5.59%, below the first quarter net profit growth rate of 5.68%, also far lower than the same period of 12.13% growth rate. The bank's interpretation of such performance was explained by a sharp increase in loan impairment losses and insurance business expenditures, which reduced the company's profit growth relative to its operating income.

This round of non-performing loans is concentrated in the Yangtze River delta region, especially in the steel trade, and the Shanghai-based bank of communications is also being dragged down.

The first half of this year, the Bank of non-performing loans "double liters", this is the row for 3 consecutive years bad "double liter". As of June, the non-performing loan rate of 1.13%, compared with the end of last year and the end of the first quarter, respectively, increased 4 basis points and 8 basis points, non-performing loan balance of 38.75 billion yuan, new non-performing loans 17.3 billion yuan. According to the management disclosed in the performance announcement, about 10 billion of them are steel trade loans, and about 65% of the new non-performing loans are from the steel trade and small micro-enterprises. Ping An securities research report that the economic recovery of Jiangsu will take some time, the regional risk for the industry as a whole of the pressure to exist, is the business risk.

To reverse the decline in earnings growth, Nieusiming, chairman of the bank, began laying out early this year. Nieusiming said at that time, in the interest rate marketization, the financial intermediary and so on a series of influence, the banking profit will return from the high level to the social industry average level, but the organizational structure optimization, will bring the new profit growth to the bank. To that end, in the state-owned enterprises, the first to introduce the Department of Business reform, "5 mature business Unit, 5 associate Division, 5 Exploration Division", Nieusiming hope that in the future profit growth, 5 profit centers profit growth rate will be significantly higher than the average growth rate of the bank.

Mixed ownership reform or dividends for the bank

But the market is not paying too much attention to the fact that net profit growth is at the bottom, but is looking forward to mixed ownership reform.

"We expect mixed-ownership reform to inject new vitality into corporate governance, executive and employee incentives," he said. The Ping An securities research report said.

According to the reporter understand, the bank mixed ownership reform at present mainly includes the ownership structure optimization, the management autonomy, as well as the more flexible employment mechanism and the salary mechanism, including the executive, the employee stock right incentive mechanism.

Although China's commercial banks have mixed ownership in the ownership structure, but have not yet reached the reality of mixed ownership, from the full commercialization, market-oriented operation mechanism of modern commercial banks still have a big gap. Bank of communications chairman Nieusiming Bare. In the aspect of corporate governance, there are problems such as the insufficiency of board decision-making function and the lack of internal checks and balances, and the need to deepen the reform of mixed ownership is the inevitable choice for commercial banks to deal with external challenges. ”

However, Nieusiming said the mixed-ownership reform could not be construed as a "panacea" with immediate effect.

"There may be a small change in a year, and a significant change in three years, five or even 10 years can bring big changes to banks," he said. "Nieusiming said.

Original title: Internet Reconstruction Bank "rivers and lakes" big Bank fade Tired state

(Responsible editor: Lvguang)