In the second half of last year, listed banks generally increased retail credit and reduced risk appetite. The proportion of mortgage loans increased, the proportion of credit card loans decreased, and the decline of stock banks was more obvious. However, there are differences among banks on the development strategy of credit cards.
"In the first quarter of last year, the transaction volume dropped sharply and gradually recovered after April and May." A credit card business person of a joint-stock bank admitted that overseas credit card consumption transactions basically disappeared throughout the year, and only domestic incentives such as cash back and coupons promoted the transaction volume to rebound. In the third quarter of last year, it began to return to the pre-epidemic level, but the annual trading volume is still difficult to pick up.
In this case, compared with the amount of cards issued, the credit card centers of commercial banks pay more attention to the transaction volume, and some banks tend to be conservative in the case of single-digit growth or even negative growth throughout the year.
According to the data of the central bank, in 2020, the average consumption amount of bank Kaka was 1.30 million yuan, down 6.38% year-on-year; The average consumption of bank cards was 656.85 yuan, down 10.97% year-on-year. "Credit card transactions are more important than the amount of cards issued, which is the basis of transaction fees and installment business." A senior industry insider said.
ICBC contracted its credit card business. In 2020, the unused credit line of the bank's credit cards was 1.02 trillion yuan, down1.79% from the previous year. The number of credit cards issued was 654.38+0.6 billion, an increase of about 654.38+0.0 million over the previous year, an increase of 7 million; The credit card overdraft balance was 6.865438 billion yuan +0.665438 billion yuan, up 0.54% year-on-year, and the growth rate decreased by 7.68 percentage points compared with the previous year.
After the contraction adjustment, ICBC became the only listed bank with improved credit card asset quality. In 2020, ICBC's credit card overdraft non-performing loans decreased by 2.088 billion yuan to 65.438+02.906 billion yuan; The NPL ratio decreased by 0.32 percentage points to 1.89%.
Among other banks, CCB issued 1 1 10,000 new cards last year, but the consumption transaction volume was 3.05 trillion yuan, down 3.2% year-on-year.
China Merchants Bank is still the listed bank with the largest credit card transaction volume. China Merchants Bank issued 4.23 million new cards last year, with a credit card transaction amount of 4.34 trillion yuan, down 0. 17% year-on-year. China Merchants Bank's financial report shows that under the background that credit cards are shifting from incremental market to stock market, it actively and continuously optimizes the customer base structure, constantly iteratively upgrades the team's business capabilities, and improves customer acquisition efficiency.
Industrial Bank is the only bank that has achieved double-digit growth in credit card transactions. Xingye issued 4,695,400 new cards last year; The cumulative turnover was 2.3 1 trillion yuan, up 17. 17% year-on-year.
From the perspective of the whole banking industry, due to the epidemic situation, the credit card strategy development strategies of state-owned banks and joint-stock banks have changed significantly. Credit card loans (overdraft, installment payment) are very different.
China Construction Bank, Agricultural Bank of China and Postal Savings Bank among state-owned banks, and China Merchants Bank and Industrial Bank among joint-stock banks are still vigorously increasing credit card loans, and the scale of credit card overdraft has increased by double digits. However, among the state-owned banks, ICBC, Bank of Communications, Shanghai Pudong Development Bank, China CITIC Bank, China Everbright Bank and Ping An Bank have successively tightened credit card loans.
After this adjustment, the credit card overdraft scale of China Merchants Bank surpassed that of ICBC, second only to CCB. By the end of 2020, the credit card loans of China Construction Bank and China Merchants Bank were 825,765,438+0 billion yuan and 746,687 million yuan respectively, increasing by 1 1.40% and1.27% respectively. The credit card loan scale of ICBC was 68 16 1 100 million yuan, up by 0.54% year-on-year. According to the financial report of CCB, it will deepen the ecological construction of scenes, actively promote the construction of three preferential business districts: airport high-speed rail, urban commercial complex and gas station, tap consumer's favorite consumption scenes, and increase business cooperation with head enterprises such as Alipay, Tik Tok, Baidu, JD.COM and Meituan in joint promotion, card-tied payment and point redemption, so as to help expand domestic consumption upgrade.
The fastest growing credit card overdrafts are Postal Savings Bank and Industrial Bank. By the end of 2020, the credit card overdrafts of the two banks were 1446.4 1 100 million yuan, 3721.1700 million yuan respectively, with year-on-year growth of 17.4438+0% and1respectively. In February last year, the Bank of China Insurance Regulatory Commission approved the Postal Savings Bank to set up a credit card center franchise.
Credit card overdrafts of Ping An, CITIC, Bank of Communications and Shanghai Pudong Development Bank contracted. By the end of 2020, the credit loans of the above four banks were 52925654.38+0 billion yuan, 485.232 billion yuan, 464654.38+0. 1 0 billion yuan and 372654.38+0 respectively. 1。 700 million yuan, down 2. 07 %、4。 38% and 4. 38 %。
Credit card loan change. Ping An Bank reported that due to the epidemic, the amount of credit card consumption declined at the beginning of last year, and the bank actively promoted the layout of online scenes. Since March last year, daily credit card consumption has returned to the pre-epidemic level. CITIC Bank's financial report shows that it will continue to optimize the installment structure, increase the adjustment of installment transactions and installment assets, and increase the proportion of bills and single installments in the business; Vigorously expand scenario staging, drive customer staging demand with diversified scenarios, and tap new business growth points.
Among the eight listed banks that disclosed credit card asset quality data, the non-performing loan ratio of other banks rose across the board, except for the decline of ICBC's business contraction.
The highest non-performing loan ratio of credit cards is Minsheng Bank. By the end of 2020, the non-performing loan ratio of Minsheng Bank was 3.28%, up 0.80 percentage points from the end of last year. Minsheng Bank's financial report frankly stated that since the outbreak of New Crown Pneumonia, the economic environment has been greatly impacted, the repayment ability of some industries has declined, the credit card loan risk has been exposed at an accelerated pace, and the overall risk of credit card loans in the banking industry has shown an upward trend. In 2020, the overdue rate of new households was 0.5%, a year-on-year decrease of 0.38 percentage points. In the second half of 2020, new non-performing loans decreased by 25.88 percentage points compared with the first half.
Minsheng Bank said that from the NPL ratio results, the NPL ratio of credit cards is relatively high among peers, one of the main reasons is that credit card write-off and securitization of non-performing assets need to be strengthened. After the resumption of the disposal of non-performing assets this year, the bank's credit card non-performing loan ratio is at a medium level among its peers, and will increase the disposal of non-performing loans in the future.
By the end of 2020, the NPL ratios of Ping An, CITIC, Xingye and Pudong Development Bank were 2. 16%, 2.38%, 2. 16% and 2.52%, respectively, which were 0.5, 0.64, 0.69 and 0.22 percentage points higher than the end of last year.
The bad credit card rates of CCB and China Merchants Bank are still below 2%. By the end of last year, the bad credit card rates were 1.40% and 1.66%, respectively, up by 0.37 and 0.3 1 percentage point respectively.
The banking industry is still not optimistic about the quality of credit card assets in 20021year. According to the financial report of Industrial Bank, in 20021year, the credit card business is still in the risk release period. If the impact of COVID-19 epidemic continues to be released, the asset quality will still face certain pressure. According to the financial report of China Merchants Bank, looking forward to 20021,in view of the uncertainty of epidemic situation, the recovery of residents' employment, income and consumption, and the risk of joint debt, it is expected that the risk management and control of consumer credit business will continue to be under pressure. According to the financial report of CITIC Bank, after the loan, it adheres to the diversified disposal method of non-performing assets in parallel with cash collection, routine write-off and securitization of non-performing assets. At the same time, actively explore the bulk transfer business of credit cards and go all out to reduce bad products.
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