Reserve to increase deep development profit decline in the fourth quarter of last year

Up to the end of last year, the provision coverage rate of 271.5% recently, deep development (000001.　　SZ) President Richard Jackson said at the bank's annual performance news conference that the main reason for the bank's decline in the fourth quarter compared to the third quarter was the sharp increase in the provision in the fourth quarter, which increased the provision coverage.　　Deep development in the third quarter and the fourth quarter earnings per share of 0.49 yuan and 0.45 yuan, the third quarter at the end of the allocation coverage of 253.53%, the end of the year reached 271.5%.　　Richard has explained the current situation of the integration of the deep development and the Ping An bank, the measures to deal with the marketization of interest rates, and the recent controversy on the interest rate of loans between some home mortgage clients and banks.　　Richard said that for the integration of deep development and Ping An bank, communication with the regulatory level is smooth, the current development has formed 18 integration teams, planning work officially started.　　The integration of two lines of credit card center, although the deep development and Ping ' an bank credit card center in Shenzhen and Shanghai respectively, but he believes that the key to integration is the integration of the background IT system, as long as this aspect of processing, integration does not exist too difficult. For the recent regulatory level to promote the interest rate marketization process, Richard thinks, the interest rate marketization has raised the request to the Bank management risk, the key is the risk pricing ability and the asset liability management ability Enhancement, in the future, the deep development will strengthen the demand deposit proportion, the meeting interest rate Marketization Challenge, this also can cause the bank financing cost to reduce,　　But this is not an overnight. On the recent dispute between the broad and deep mortgage clients and banks, Richard said that the number of cases involved in the deep development is small, the impact is small, the bank has already dealt with, but he did not disclose detailed plans.　　He also said that in the past two years, the level of mortgage pricing has changed significantly, banks in the case of limited funds are more inclined to the issuance of high-yield loans, while slowing down the speed of mortgage lending, and the number of loans also have some control. Deep Development vice president and Chief financial officer Mr Albert Chan said that in 2008, the bank's board of directors had approved the issuance of debt, which had been issued in 2009, and that the main purpose of issuing debt was to adjust the capital structure.