China’s 26 A-share Banks Post Robust Profits Results for Q1 2018

China’s commercial lenders have enjoyed a strong performance in the first quarter of 2018, posting an acceleration in net profit growth after faltering slightly amidst heightened regulatory scrutiny.

The latest round of financial reports indicates that the 26-A share Chinese banks posted net profits attributable to parent company of 406.525 billion yuan in the first quarter of 2018, for year-on-year growth of 5.6%, and a growth acceleration of 2 percentage points compared to the same quarter last year.

Bank name YoY growth in Q1 2018 net profits attributable to parent company (%) YoY acceleration in Q1 2018 earnings (%) Net profits attributable to parent company in Q1 2018 (billion yuan)
SPD Bank -1.09 -7.72 14.305
Huaxia Bank 1.11 -2.61 4.549
Bank of Communications 3.97 -10.59 20.091
ICBC 3.98 4.05 78.802
Jiangsu Jiangyin 4.74 12.95 0.183
Industrial Bank Co. 4.94 2.15 17.655
Bank of China 5.04 -2.54 49.001
China Minsheng 5.23 1.36 14.942
Agricultural Bank of China 5.43 5.04 58.736
China Construction Bank 5.43 7.27 73.815
China Everbright 5.50 7.13 9.051
Pingan Bank 6.13 1.08 6.595
Bank of Beijing 6.24 0.81 5.785
China CITIC Bank 6.82 4.91 12.166
Bank of Jiangsu 10.32 0.54 3.297
Wuxi Rural Commercial Bank 12.01 14.26 0.267
Jiangsu Zhangjiagang Rural Commercial 12.12 5.2 0.228
China Merchants Bank 13.50 7.2 22.674
Bank of Shanghai 13.52 11.86 4.398
Bank of Wujiang 14.63 12.25 0.195
Bank of Hangzhou 16.17 28.41 1.522
Bank of Changshu 16.76 12.50 0.369
Bank of Nanjing 17.61 7.53 2.886
Bank of Ningbo 19.61 2.30 2.822
Bank of Guiyang 19.95 11.72 1.16
Bank of Chengdu 20.45 23.59 1.032

The commercial lenders also saw modest growth in their non-performing loan ratios for the first quarter of 2018.

Bank name Non-profit loan ratio for Q1 2018 (%) Non-profit loan balance for Q1 2018 (billion yuan)
Jiangsu Jiangyin 2.37 1.368
SPD Bank 2.13 69.196
Jiangsu Zhangjiagang Rural Commercial 1.77 /
Huaxia Bank 1.76 26.212
China Minsheng 1.71 49.647
China CITIC Bank 1.70 56.008
Bank of Chengdu 1.68 3.589
Pingan Bank 1.68 29.788
Agricultural Bank of China 1.68 186.952
China Everbright 1.59 33.755
Industrial Bank Co. 1.58 40.261
Bank of Hangzhou 1.57 4.671
Bank of Wujiang 1.54 0.79
ICBC 1.54 225.023
Bank of Guiyang 1.51 1.999
Bank of Communications 1.50 /
China Construction Bank 1.49 196.350
China Merchants Bank 1.48 54.958
Bank of China 1.43 159.647
Bank of Jiangsu 1.41 11.036
Wuxi Rural Commercial Bank 1.35 0.933
Bank of Beijing 1.23 /
Bank of Shanghai 1.10 7.910
Bank of Changshu 1.08 0.877
Bank of Nanjing 0.86 3.502
Bank of Ningbo 0.81 2.919

Leave a Reply

Your email address will not be published. Required fields are marked *