USEUROPEAFRICAASIA中文
    Guangdong / Business

    Ping An Bank plans more reforms

    By Jiang Xueqing (China Daily) Updated: 2016-03-11 08:05

    Mid-sized commercial lender Ping An Bank Co Ltd will deepen reforms by developing a system of business units based on different sectors, products and client segments in the next three years.

    Headquartered in Shenzhen, Guangdong province, the bank will push forward transformation at branches to provide differentiated services.

    The transformation will put the management ability of the bank's head office under great challenges, its President Shao Ping told a news conference on Thursday.

    "We'll strive to build strong middle and back office in the next three years to ensure that the transformation of our bank will go smoothly," he said.

    "At the same time, we'll launch the 2.0 version of our reform to further improve our abilities in risk control and precision management in vertical markets. You will see a rise in the number of our business units by different sectors, client segments, products and platforms."

    He said the bank will also launch a strategy for overseas development this year, seeking to open a branch in Hong Kong and later move onto other markets.

    The bank announced on Wednesday its net profit increased 10.42 percent year-on-year in 2015, much higher than the average net profit growth of 2.43 percent for commercial lenders in China.

    It is the first listed bank in the mainland to announce financial results for 2015.

    Han Xu, general manager of the bank's financial planning department, attributed faster growth to the bank's transformation efforts during the past three years, including the establishment of business units specialized in offering financial services as well as endeavor to develop investment banking, assets management and Internet finance.

    "We made innovations in our business system by launching sector-based business units according to client demands for specialized financial services. These units have already become a crucial growth driver for the whole bank," he said.

    Last year, six units specialized in different business areas including real estate, agriculture and transportation, posted total operating revenues of 10.1 billion yuan ($1.55 billion), up by 41 percent year-on-year.

    They attracted nearly 170 billion yuan of deposits and extended more than 250 billion yuan of loans at the year end, both doubling the figures at the beginning of 2015.

    The custodial business of the bank rose 105 percent from the beginning of last year to 3.69 trillion yuan at the year end. During the same period, its assets under management went up 130 percent to 741.8 billion yuan.

    Industrial Securities Co Ltd said in a research note: "The performance of Ping An Bank is in line with market expectations. Its interest incomes for 2015 were driven by growth both in size and pricing from the previous year. At the same time, its net income from fees and commissions increased by 52 percent, driving a 31 percent growth in operating revenues."

    While the bank posted double-digit growth in net profits and operating revenues, it also recorded a sharp increase of nonperforming loans.

    At the end of 2015, the outstanding NPLs of the bank went up 68 percent year-on-year to 17.64 billion yuan. Its NPL ratio rose 43 basis points to 1.45 percent, lower than the national average of 1.67 percent for commercial banks.

    jiangxueqing@chinadaily.com.cn

    Ping An Bank plans more reforms

    (China Daily 03/11/2016 page13)

    My Chinese Dream

    His message in a bottle

    A Frenchman in a coastal Chinese city has combined his zeal for work with passion for life, writes Raymond Zhou.

    My China Story

    Getting my first hair cut in Ningbo

    One of the potentially most traumatic things a girl has to go through is finding a new hairdresser.

    ...
    日韩乱码人妻无码中文视频 | 中文字幕人妻无码专区| 久久久人妻精品无码一区| 中文无码精品一区二区三区| 少妇中文无码高清| 欧洲无码一区二区三区在线观看 | 最近中文字幕完整免费视频ww| 2019亚洲午夜无码天堂| 韩日美无码精品无码| 中文字幕在线一区二区在线| 亚洲人成无码网站久久99热国产| 免费无码又爽又刺激高潮视频 | 亚洲日韩乱码中文无码蜜桃臀网站| 国产AV无码专区亚洲AVJULIA| 中文字幕乱码无码人妻系列蜜桃| 欧美日韩国产中文字幕| 天堂在线资源中文在线8| 成?∨人片在线观看无码| 黄桃AV无码免费一区二区三区| 成人无码网WWW在线观看| 最近2019中文字幕大全第二页| 中文字幕在线观看日本| 日韩中文字幕欧美另类视频| 波多野结衣中文在线播放| 中文字幕7777| 中文字幕乱码人在线视频1区| 无码人妻精品一区二| 亚洲av无码一区二区三区人妖 | 亚洲中文久久精品无码ww16| 特级小箩利无码毛片| 国产无码区| 亚洲AV无码乱码在线观看牲色| 人妻系列无码专区久久五月天| 无码精品人妻一区二区三区影院| 国产亚洲美日韩AV中文字幕无码成人| 久久无码av三级| 国产精品无码午夜福利| 无码毛片一区二区三区中文字幕| 日韩精选无码| 2022中文字字幕久亚洲| 一级中文字幕免费乱码专区|