Brief introduction of China Bank:
The full name of China Bank is BankofChinaLimited (BOC), which was established on February 5, 2002. 1965438. Its head office is located atNo. 1, Fuxingmennei Street, Beijing, and it is one of the top five state-owned commercial banks. The business scope covers commercial banks, investment banks, insurance and aviation leasing. It owns holding financial institutions such as Bank of China, Bank of China International and Bank of China Insurance, and provides financial services to individual and corporate customers all over the world.
In 2020, the operating data and asset scale of Changsha Bank continued to improve, the business structure was gradually optimized, the customer base continued to increase, the asset quality continued to be stable, the non-performing loan ratio was controlled at 1.2 1%, and the provision coverage ratio reached 292.68%.
After the challenge of the complex external environment in 2020, Changsha Bank Co., Ltd. (hereinafter referred to as Changsha Bank, 60 1577. SH) still handed over an unexpected performance report.
On April 28th, the annual report for 2020 disclosed by Changsha Bank showed that the bank achieved an operating income of 65.438+08.022 billion yuan in 2020, a year-on-year increase of 5.965.438+0%; The net profit attributable to shareholders of the parent company was 5.338 billion yuan, a year-on-year increase of 5.08%. It is worth mentioning that in the last five years (20 16 to 2020), the bank's operating income and net profit attributable to shareholders of the parent company have increased steadily.
At the same time, Changsha Bank's asset quality related indicators remained excellent. At the end of 2020, the NPL ratio and provision coverage ratio were 1.265, 438+0% and 292.68%, respectively, down 0.0 1 percentage point from the beginning of the year and up 12.70 percentage points.
In addition, in 2020, Changsha Bank will continue to maintain the pace of scale expansion across 100 billion steps every year. By the end of 2020, the bank's total assets exceeded 700 billion yuan, reaching 704.235 billion yuan, a year-on-year increase of 16.98%.
The latest annual report comments issued by the securities firms recognized Changsha Bank's performance and investment value, and gave it a "buy" or "overweight" rating. For example, the research report of Bank of China Securities believes that Changsha Bank is a city commercial bank whose main business is located in the capital city of Hunan, benefiting from the good local economic environment, and its development potential is worth looking forward to. The company's business is deeply rooted in the local market, and its debt performance is better than that of benchmark city commercial banks. We are optimistic about the positive prospect of retail transformation and the business growth space brought by the sinking of outlets in the province.