Bank of Communications is one of the four largest banks in China with a high reputation. However, the sharp rise in non-performing loans depressed the valuation. In the past two years, non-performing loans have increased by 25.924 billion yuan, an astonishing 34.33%. Among all the large A-share banks, this increase is the biggest. It reflects that Bank of Communications is facing severe historical problems in asset quality control.
The related advantages of Bank of Communications are as follows:
1. Bank of Communications covers a wide range of services: there are 235 domestic branches of Bank of Communications, including 30 provincial branches, 7 directly affiliated branches and 99 provincial branches/kloc-0, with 3,270 outlets in 239 cities above prefecture level and 158 counties or county-level cities * *; It owns seven non-bank companies, including wholly-owned subsidiaries of Bank of Communications Leasing, Bank of Communications Insurance and Bank of Communications Investment, and holding subsidiaries of Bank of Communications Fund, Bank of Communications Guo Xin, Bank of Communications Life Insurance and Bank of Communications International.
2. Comprehensive business of Bank of Communications: The business scope of Bank of Communications covers commercial banks, securities, trusts, financial leasing, fund management, insurance and offshore financial services.
Other introductions:
1. The personal business of Bank of Communications includes: savings deposits, personal loans, foreign exchange services, financial planning, investment services, insurance services, convenience services, wealth management, private banking and other services.
2. The business of small business users of Bank of Communications includes: loan application, one-stop service for starting a business, exhibition service, one-stop service for Zhuoye, investment and financing, tax financing, branch loan service, hand-in-hand service and service for benefiting farmers.
3. The international business of Bank of Communications includes inter-bank business, international business, foreign exchange financing business and foreign exchange insurance trading business.
Using special years to solve the historical burden.
On the positive side, taking advantage of the special year of 2020, Bank of Communications turned out some historical burdens and some hidden feelings in the past and took them to the sun to bask in. From the perspective of long-term management, this is not necessarily a good thing. From the NPL ratio, the high NPL ratio of Bank of Communications appeared in June 2020, and the NPL ratio soared from 65,438+0.47% in 2065,438+09 to 65,438+0.68%. Also in the mid-year report in 2020, non-performing loans soared from 75.5 billion yuan in 20 19 to 96.3 billion yuan. It is not difficult to see that about 2 1 billion of the more than 25 billion non-performing loans added by Bank of Communications in recent two years occurred in 20 19-2020. Whether affected by the epidemic or in order to resolve the historical burden, more than 20 billion mines have also exploded.