Huaxia Bank: the future risk is arduous to hoist the advance rate
Huaxia Bank Annual Report 2008 displays that the realization of interest earnings 13.492 billion yuan, an boost of 20%; snare earnings of 3.071 billion yuan, an boost of 46.15%, 0.7 yuan per share. Non-performing rate of 1.82 per hundred at the end than the mid-2008 proceeded to down turn 24 cornerstone points.
Provision extensively the fourth quarter of 2008 in order that the real forfeit
Growth in 2008 the financial gathering structure, effectual duty rate of wages duty elements that augmented to the descent in the fraction of 89%; interest elements in non-interest wages and mesh wages arrived at a stage of 39% and 12%; as a effect of the cost of provision and advance the addition rate to the recital of -- -28.54% and 34.77%.
Income levy rate is the major cause for the presentation of considerable development, interest earnings development than the 07, only 20%.
Since the mid-2008 the company set aside only 126 percent coverage, which is lower than the average level of joint-stock banks, the company in the third and fourth quarter provision to increase the rate provision, the amount of new loans set aside 2.505 billion yuan, accounting for 08 assets in the second half of the proportion of impairment losses of 90%, resulting in a net profit of the actual loss of the fourth quarter.
Company loans in 2008, Central than the fourth quarter increased by 3.12%, so that the annual growth rate of only 15.78 percent of loans, which is lower than in 2007 and 17.63% of the level of other joint-stock banks.
As the fourth quarter of the company's loan growth has not significantly increased, with the narrowing of spreads in space, so that interest on the fourth quarter and year-on-year net income fell more than Central.
08 the end of the company's midpoint interest rate of 7% over the mid-2008 descent of 17 foundation points; one long-term lending rate by 6.8%, down 46 foundation points, a greater decrease. (08 end of the year as a effect of short-term tools embraced in the discount lending rate, with the mid-2008 caliber inconsistent written knowledge, it is arduous to compare).
Decline in loan worth in the second half 08
08 financial gatherings over the end of horrid advances carried on to descent in mid-2008 a 24 foundation points to 1.82, a greater diminish, a diminish of the undesirable balance of close to 390 million yuan.
08 the second half of the loan provision in substantially the same time provision for an increase of efforts to write off non-performing loans, new loans to write off 1.35 billion, so the whole year to write off non-performing loans amounted to 2.054 billion yuan, the amount written off over 07 in an increase of 37%.
08 the end of the year, the company provided loans up to 151 percent coverage to reach the requirements of regulatory authorities; the quality of provision for the increase in the proportion of portfolio provision in the second half of 2008 rose to 37.83 percent from 55.97 percent, but still slightly lower than the overall level of the banking industry.
In 2008, the company of non-performing loans rate of all sectors of the public more than the average ratio of non-performing loans (1.94%) are mainly agriculture, forestry, animal husbandry and fishery 6.49 percent, to serve the local residents and 6.37 percent other services, information transmission, computer services and software industry, 5.52 percent, the Housing 3.68% real estate, renting and business services sector, 3.65%, 3.39% wholesale and retail trades, education 3.04%. As a result of the wholesale and retail trade, leasing and business services, real estate loans accounted for on the high proportion of 14.21%, respectively, 6.74% and 6.5%, it is the main source of non-performing loans.
The percentage of time down payments expanded considerably increase in the cost of its liabilities
The midpoint balance of bank deposits in the financial gathering, the higher the fraction of time bank deposits, the midpoint balance of time bank deposits in 2008 advanced to some extent to 67.28 out of 100, up 0.36 percentage points.
A regular basis in 2008 and savings companies, respectively, time deposit rates over the medium term in 2008 increased by 13 and 24 basis points rise rapidly, more than demand reduction.
Fee and assignment wages carried on to develop
Due to the slow development of intermediary business, the end of the year 2008 the company achieved net income of fees and commissions 822 million yuan, an increase of 82%; the proportion of revenues accounted for only 4.67% higher than in 2007 increased by 1.51 percentage points, the proportion of the low. Intermediary business because of the lower base, the downturn in capital markets and other factors affect the smaller, relatively stable growth.
Although 08 non-performing rate of the second half of the business proceeded to down turn and poor balance, but to compose off awful borrowings, taking into account the components, the genuine increase of non-performing loans; the business important time down payments and demand down payments than slow development, with the percentage of high interest cost of high, in order that snare interest margin is still low; better is the business set apart 150 per hundred treatment grade, blended to make provision for expanded provision of higher value coverage; financing capital adequacy ratio, after increasing lending space larger.
Combination of these elements, the Yangtze River is looked frontwards to to securities financial gatherings EPS0.79 million in 2009, the risk of future expansion is arduous to hoist advances, high interest charges, as well as supplemental non-performing greater allotment of insist on financial gatherings to be neutral rating. - 21396
Provision extensively the fourth quarter of 2008 in order that the real forfeit
Growth in 2008 the financial gathering structure, effectual duty rate of wages duty elements that augmented to the descent in the fraction of 89%; interest elements in non-interest wages and mesh wages arrived at a stage of 39% and 12%; as a effect of the cost of provision and advance the addition rate to the recital of -- -28.54% and 34.77%.
Income levy rate is the major cause for the presentation of considerable development, interest earnings development than the 07, only 20%.
Since the mid-2008 the company set aside only 126 percent coverage, which is lower than the average level of joint-stock banks, the company in the third and fourth quarter provision to increase the rate provision, the amount of new loans set aside 2.505 billion yuan, accounting for 08 assets in the second half of the proportion of impairment losses of 90%, resulting in a net profit of the actual loss of the fourth quarter.
Company loans in 2008, Central than the fourth quarter increased by 3.12%, so that the annual growth rate of only 15.78 percent of loans, which is lower than in 2007 and 17.63% of the level of other joint-stock banks.
As the fourth quarter of the company's loan growth has not significantly increased, with the narrowing of spreads in space, so that interest on the fourth quarter and year-on-year net income fell more than Central.
08 the end of the company's midpoint interest rate of 7% over the mid-2008 descent of 17 foundation points; one long-term lending rate by 6.8%, down 46 foundation points, a greater decrease. (08 end of the year as a effect of short-term tools embraced in the discount lending rate, with the mid-2008 caliber inconsistent written knowledge, it is arduous to compare).
Decline in loan worth in the second half 08
08 financial gatherings over the end of horrid advances carried on to descent in mid-2008 a 24 foundation points to 1.82, a greater diminish, a diminish of the undesirable balance of close to 390 million yuan.
08 the second half of the loan provision in substantially the same time provision for an increase of efforts to write off non-performing loans, new loans to write off 1.35 billion, so the whole year to write off non-performing loans amounted to 2.054 billion yuan, the amount written off over 07 in an increase of 37%.
08 the end of the year, the company provided loans up to 151 percent coverage to reach the requirements of regulatory authorities; the quality of provision for the increase in the proportion of portfolio provision in the second half of 2008 rose to 37.83 percent from 55.97 percent, but still slightly lower than the overall level of the banking industry.
In 2008, the company of non-performing loans rate of all sectors of the public more than the average ratio of non-performing loans (1.94%) are mainly agriculture, forestry, animal husbandry and fishery 6.49 percent, to serve the local residents and 6.37 percent other services, information transmission, computer services and software industry, 5.52 percent, the Housing 3.68% real estate, renting and business services sector, 3.65%, 3.39% wholesale and retail trades, education 3.04%. As a result of the wholesale and retail trade, leasing and business services, real estate loans accounted for on the high proportion of 14.21%, respectively, 6.74% and 6.5%, it is the main source of non-performing loans.
The percentage of time down payments expanded considerably increase in the cost of its liabilities
The midpoint balance of bank deposits in the financial gathering, the higher the fraction of time bank deposits, the midpoint balance of time bank deposits in 2008 advanced to some extent to 67.28 out of 100, up 0.36 percentage points.
A regular basis in 2008 and savings companies, respectively, time deposit rates over the medium term in 2008 increased by 13 and 24 basis points rise rapidly, more than demand reduction.
Fee and assignment wages carried on to develop
Due to the slow development of intermediary business, the end of the year 2008 the company achieved net income of fees and commissions 822 million yuan, an increase of 82%; the proportion of revenues accounted for only 4.67% higher than in 2007 increased by 1.51 percentage points, the proportion of the low. Intermediary business because of the lower base, the downturn in capital markets and other factors affect the smaller, relatively stable growth.
Although 08 non-performing rate of the second half of the business proceeded to down turn and poor balance, but to compose off awful borrowings, taking into account the components, the genuine increase of non-performing loans; the business important time down payments and demand down payments than slow development, with the percentage of high interest cost of high, in order that snare interest margin is still low; better is the business set apart 150 per hundred treatment grade, blended to make provision for expanded provision of higher value coverage; financing capital adequacy ratio, after increasing lending space larger.
Combination of these elements, the Yangtze River is looked frontwards to to securities financial gatherings EPS0.79 million in 2009, the risk of future expansion is arduous to hoist advances, high interest charges, as well as supplemental non-performing greater allotment of insist on financial gatherings to be neutral rating. - 21396
posted by X - Men @ 1:24 AM
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