12 Banks Earn 420 Billion 700 Million Profits In Half A Year. Charges And Services Do Not Match.

With the disclosure of semi annual reports of listed companies close to closing, the results of the two cities are gradually increasing.

However, while many banks are making money, the growth rate of bank charges has also been controversial.

Economic Herald reporter noted that according to the information disclosed, the growth rate of bank charges income is generally over 40%, and some even exceed 90%.

"In fact, the rapid growth of bank performance and intermediary business is not a bad thing for the market, indicating that banking services are more in-depth and rich. However, while the bank performance is improved, the banking industry should also improve its service quality."

28, Yi Xianrong, a researcher and commentator of the Financial Research Institute of the Chinese Academy of Social Sciences, said.

"The backbone of profitability"

At present, banks have become the undisputed "Chinese stock market".

Flush "iFinD financial data" shows that as of 26 days, more than 1800 listed companies have already disclosed half yearly reports, with a net profit of 773 billion yuan in the first half.

In the top ten of net profit, 7 banks appeared.

Among them, the industrial and Commercial Bank of China (601398) achieved net profit of 109 billion 600 million yuan, becoming the only two company with a net profit of over 100 billion yuan.

In the first half of the year, ICBC earned 605 million yuan a day, and no wonder netizens called it "banknote printing machine".

The Construction Bank (601939) followed closely to achieve a net profit of 92 billion 953 million yuan, an increase of 31.33% over the same period last year, and the Agricultural Bank (601288) net profit of 66 billion 679 million yuan, ranking third; the Bank of China (601988) net profit 66 billion 513 million yuan, fourth.

The net profit of PetroChina's "double male" - PetroChina (601857) and Sinopec (600028) in the first half of the year was 66 billion 6 million yuan and 38 billion yuan respectively, ranking behind four major state-owned banks.

In fact, China's listed banks are not only eye-catching in the Shanghai and Shenzhen two cities, but also strong in their profitability.

The reporter noted that HSBC has achieved net profit of 8 billion 929 million US dollars, and Wells Fargo Bank 7 billion 520 million US dollars, in accordance with the exchange rate of US dollar to RMB 6.4. The profitability of these international giants is inferior to that of the four largest state-owned banks.

Why profit?

With the announcement of the semi annual report, the bank's profit model also emerges.

The reporter found that the bank's brilliant performance on the one hand benefited from the increase in net interest margin, on the other hand, from the strong growth of intermediate income such as fees and commission net income.

Semi annual report showed that the net interest margin and net interest rate of ICBC were 2.49% and 2.60% respectively in the first half of the year, up 21 basis points and 23 basis points respectively.

Under this influence, the net interest income of ICBC in the first half of the year was 174 billion 500 million yuan, up by 21.8%.

Similar to ICBC, other banks also raised net interest margins in the first half of this year.

Among them, ABC raised 32 base points to 2.79%, and the CCB raised 25 basis points to 2.66%, ICBC promoted 23 base points to 2.6%, and the Bank of China increased 7 basis points to 2.11%.

"This is related to the first half of the year's macroeconomic regulation and control policy, tightening credit, and lending interest rates further rise."

Yi Xianrong said.

In addition, the growth of intermediary business also provided profit support for banks.

In the first half of the year, the net income of commission and commission business was 53 billion 800 million yuan, an increase of 45.8% over the first half of the year.

In fact, in addition to the 23.56% increase in the number of banks in China, the number of fees collected by many listed banks has increased by more than 40%.

Among them, Huaxia Bank (600015), Shanghai Pudong Development Bank (600000) and Minsheng Bank (600016) increased considerably, and the net income of commission and commission increased by 90.51%, 80.69% and 75.63% respectively.

The quality of service matches the growth rate.

It is noteworthy that the profits of listed banks have increased significantly, especially the revenue of intermediate business has been increasing rapidly, and there has been no corresponding enhancement of public recognition of banks.

"In recent years, bank charges and commission net income generally showed a growth rate higher than interest income, and accounted for a gradual increase in the proportion of banking revenue."

A bank insider revealed.

It is understood that there are thousands of banks serving customers on the market.

At present, there are 3 main categories of bank service charges: first, the charges are decided by the departments concerned; two, the charges are put forward by commercial banks and submitted to the relevant departments for record; three, the relevant departments authorize the commercial banks to decide for themselves.

The most controversial social disputes are mainly in third categories.

"In view of the rapid growth of banking intermediary business, relevant departments should further strengthen.

On the 28 day, a commentary by Xinhua News Agency entitled "four suggestions for banks that earn a lot of money" also pointed out that banks should improve service levels, improve service quality and improve customer satisfaction, especially in some banks.