Interim Net Profit Increased By 30%&Nbsp; "Not Financing The Market During The Year".

As for the quality of loan financing of the local financing platform, Qian Wenhui, vice president of Bank of communications, said that as of the end of June this year, the balance of the local financing platform was 308 billion 300 million yuan, an increase of 180 billion yuan compared with the end of March, "but this is mainly caused by changes in the statistical caliber."

He said the platform.

However, capital pressure is gradually increasing. Yu Yali, vice president of the Bank of communications, said that in order to increase capital accumulation through profit accumulation, the bank abolished the practice of paying dividends in the medium term in the past three years, and no longer paid dividends in the middle of this year.

Local platform loans increased by 180 billion

"Local financing platform cleaning has achieved some results."

Qian Wenhui said that the reason for the increase in local financing platform loans at the end of 6 was 180 billion yuan at the end of 3, mainly due to changes in the statistical caliber.

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He said that, according to the same caliber, at present, the balance of local platform loans has been reduced, part of which has been converted into general loans, and the other part has been collected. These two parts have reduced about 25 billion yuan.

In addition, the total cash flow of the platform and its basic coverage accounted for 94% of the total, while the cash flow half coverage and no coverage accounted for about 5%, amounting to about 17 billion yuan, representing a decrease of about 30000000000 yuan compared with the beginning of the year.

However, part of the platform

However, for outside concerns about the quality of platform loans, he believed that the bank's local financing platform did not show a trend of non-performing loans concentrated outbreak. The overall rate of bad loans of the bank was 0.19%, which was lower than the average level of bad loans.

At present, the bank has raised the provision coverage rate of platform loan to 1323%.

"Provision of non-performing loans can completely cover the relevant risks, and it has little impact on our overall profit and loss."

He said.

In addition, the real estate loans of high concern outside the world, as of the end of 6, the real estate loans accounted for 6.18%, lower than the beginning of the year.

Qian Wenhui said that the annual target of the bank is to keep the loan ratio of the real estate industry at 7% or below.

He said that the real estate credit of the bank was in line with the state's macroeconomic regulation and control policy, achieving the list management at the two branches of the general branch, controlling commercial real estate development loans in terms of structure and resources, and rationally distributing in the region, and supporting the construction of affordable housing projects.

"With the development of affordable housing in the second half of the year, the proportion of real estate loans may be adjusted, but the target is still around 7%."

Qian Wenhui said.

He also revealed that although macroeconomic regulation slowed down the growth of mortgage business than last year, that is, the growth rate of mortgage loans was 10.8%.

At present, the bad rate of mortgage loans is 0.26%, 0.01 percentage points lower than the beginning of the year, and the quality of assets is relatively stable.

Cancellation of interim dividend

However, with the upgrading of capital regulation, the capital pressure of banks is also increasing.

At the end of the reporting period, the capital adequacy ratio and core capital adequacy ratio of the bank were 12.2% and 9.41% respectively.

According to the newly issued "capital management measures of commercial banks (Draft)" issued by the CBRC, the capital adequacy ratio of systemically important banks and non systemically important banks should not be less than 11.5% and 10.5% respectively.

"Although our capital adequacy ratio has been stable, it has increased since the first quarter, but we still feel the pressure."

Yu Yali said that future capital replenishment will be supplemented by internal replenishment, supplemented by market supplements, and appropriate time will be taken to raise funds from the market, but no relevant consideration has been made during the year.

Affected by this, the bank will no longer pay dividends in the middle of this year.

Yu Yali said that the distribution of medium-term interest by Chinese banks is not universal, and the bank's internal accumulation of capital pressure is greater. The interim cost can not save the administrative cost of the distribution process.

As to whether the medium-term interest rate will continue to be suspended in the future, she said that the measure could be flexibly arranged and remained uncertain for the time being.

By the end of 6, the total assets of Bank of communications amounted to 4 trillion and 347 billion 717 million yuan, an increase of 10% from the beginning of the year, and the net interest spread and net interest rate were 2.45% and 2.54%, respectively, representing 9 and 11 basis points respectively higher than the same period last year.

The balance of customer loans was 2 trillion and 433 billion 56 million yuan, an increase of 8.77% over the beginning of the year.

The balance of customer deposits was 3 trillion and 157 billion 975 million yuan, an increase of 10.12% over the beginning of the year.

The foreign currency loan to deposit ratio is 70.61%.

In addition, the impairment loan ratio of the bank was 0.98%, 0.14 percentage points lower than the beginning of the year, and the provision coverage rate was 213.89%, which was 28 percentage points higher than that of the beginning of the year.