中国工商银行公布2008年中期业绩
时间:2008-08-22 07:18:51 类别:中国工商银行 作者:commonnikki
2008年上半年，工行克服外部环境复杂多变和严重自然灾害的不利影响，深入推进经营战略转型和各项业务的创新发展，为公司股东创造了优异的回报，平均总资产回报率比2007年末提高0.42个百分点，达到1.44%，加权平均权益回报率比2007年末提高了6.57个百分点，达到22.8%。在盈利能力持续提升的同时，工行的风险管控能力也不断增强，资产质量显著提高。截至2008年6月30日，工行的不良贷款率为2.41%，较2007年底下降0.33个百分点；拨备覆盖率达到116.08%，较2007年底提高12.58个百分点，抗风险能力进一步增强。
半年报显示，工行上半年的优异表现首先要归功于中间业务的强劲增长。2008年上半年工行的净手续费及佣金收入达到244.8亿元，比2007年同期增长48.03%，净手续费及佣金收入占营业收入的比重达到15.8%，占比较上年同期提高1.74个百分点。今年以来，工行克服资本市场行情波动带来的不利影响，依托强大的客户基础、网络优势和创新能力，巩固结算、代理等传统中间业务优势，推动理财、托管、年金、电子银行等新兴中间业务的发展，中间业务的市场竞争优势进一步得到巩固和加强。在理财业务领域，上半年工行各类理财产品销售额达11582亿人民币，比去年同期增长123%，其中由工行自主研发和推出的银行类理财产品的发行总量达8304亿元，同比增长442%。同时，与去年同期相比，工行资产托管业务收入增幅高达186%，投资银行业务收入增幅达106%，各项中间业务的盈利能力大大增强。
在信贷业务领域，工行认真贯彻国家宏观调控政策，坚持“区别对待、有保有压”，在总量控制的同时，通过加强行业信贷政策与产业政策的衔接，完善信贷品种结构与客户结构的战略布局，增加了对重点基础产业、高新技术产业、新型服务业、自主创新、节能环保等领域特别是中小企业的信贷投放。2008年6月末，工行境内分行人民币贷款余额达39968亿元，比上年末增加2550亿元，增长6.8%，贷款增幅比较合理。
在资金业务领域，工行积极完善资金交易平台和市场风险管理系统，资金业务投资品种和组合结构持续优化，推动非重组债券收益率由2007年底的3.48%提高到2008年上半年的3.83%，提高0.35个百分点。而负债业务稳步增长则为工行提供了可靠的资金来源，2008年6月末，工行客户存款余额为75387亿元人民币，较上年末增长9.3%；同业存款8024亿元人民币，较上年末增长10.3%。
与此同时，国际化经营的顺利推进也为工行注入了新的发展动力。2008年上半年，工行完成了收购南非标准银行20%股权和澳门诚兴银行79.93%股权。越南分行申设获得中国银监会批准，境外监管报批工作正在稳步推进。多哈分行、工银中东、悉尼分行的申设已经分别获得所在国监管当局批准，开业在即。在香港的工商国际成功获颁投资银行业务牌照。8月5日，中国工商银行在纽约设立分行的申请也获得了美联储的正式批准。下一步工行将继续综合运用申设、并购等多种方式，稳步构建以新兴市场国家和地区为重点，覆盖主要国际金融中心，辐射中国主要经贸合作地区的全球化机构网络体系，打造境内外一体化的经营格局。
此外，风险管理能力的不断提升和优秀的成本控制为工行快速健康发展提供了强有力的保障。2008年上半年，工行积极完善全面风险管理体系，加快提升全面风险管理能力。工行制订了风险限额管理制度，提升了全行风险控制能力，初步形成了系统的全面风险管理的制度体系。工行还继续稳步推进非零售内部评级法工程各项成果的应用，投产了债项评级系统、客户RAROC系统以及组合评级系统，为实现内部评级风险量化结果在风险管理全流程中的应用奠定了基础，零售内部评级法工程建设也已经完成并全面启动了系统开发和成果推广应用工作。在成本控制方面，工行2008年上半年的成本收入比为28.46%，比去年同期的31.43%下降了2.97个百分点。
值得注意的是，工行在为广大股东创造价值的同时，也一直积极履行商业银行的社会责任，努力将工行建设成最盈利、最优秀和最受尊敬的现代金融企业。在“5.12”大地震抢险救灾工作中，面对突如其来的特大自然灾害，在党中央、国务院的坚强领导下，工行与全国人民和灾区人民一道，以强烈的责任感和良好的精神面貌，紧急投入抢险救灾和恢复重建工作。为尽快恢复灾区的金融服务，满足灾区群众生活和抗震救灾工作的需要，工行在余震不断、房屋垮塌、机具受损、水电短缺、通讯不畅等重重困难面前，争时间、赶进度，抢修网点和设施，并创造性地通过增加自助机具、开设临时专柜、采取合署办公、组织流动银行、搭建“帐篷银行”等各种应急手段，千方百计创造条件恢复网点营业，成为灾区最早开门营业的银行机构，以实际行动诠释了“您身边的银行，可信赖的银行”的庄严承诺。
Industrial and Commercial Bank of China Limited
Announces 2008 Interim Results
Beijing, 21 August 2008 – Industrial and Commercial Bank of China Limited (“ICBC” or the “Bank”, SSE: 601398; SEHK: 1398) today announced its financial results for the six months ended 30 June 2008. Based on International Financial Reporting Standards, ICBC’s profit after tax for the first half of 2008 was RMB 64.879 billion, up 56.75% from the same period last year. Earnings per share were RMB 0.19. According to all the interim results that have been announced so far, ICBC has become the most profitable bank in the world in the first half of 2008.
During the first half of 2008, the Bank has overcome challenges from both the complex and constantly changing operating environment, and negative impact from natural disasters. The Bank further implemented its strategic adjustments and developed its business in an innovative manner, which resulted in outstanding returns for shareholders. In the first half of 2008, ICBC’s return on average total assets reached 1.44%, up 0.42 percentage point from 2007. Return on weighted average equity was 22.8%, up 6.57 percentage points from 2007. While enhancing its profitability, ICBC further strengthened its risk management capabilities, resulting in a substantial improvement in asset quality. As at 30 June 2008, ICBC’s non-performing loan ratio was 2.41%, down 0.33 percentage point from the end of 2007. Allowance to NPL ratio reached 116.08%, up 12.58 percentage points from the end of 2007, further enhancing the Bank’s ability to withstand risks.
The strong performance for the first half was the result of rapid growth in the Bank’s intermediary business. The Bank’s net fee and commission income increased to RMB 24.48 billion, up 48.03% from the same period in 2007. This accounts for 15.8% of the Bank’s operating income, up 1.74 percentage points from the same period last year. During the first half, ICBC has overcome the negative impact from the volatility of financial markets and leveraged its strong customer base, extensive network and innovative product development to further harness its leading position in traditional intermediary businesses such as settlement and agency services, and drive further growth in emerging business areas such as wealth management, asset custody, annuity and electronic banking. All these resulted in further enhancement of the competitiveness of the Bank’s intermediary business. In the first half, ICBC sold RMB 1158.2 billion in wealth management products, up 123% from the same period in 2007. Of this amount, RMB 830.4 billion was the sale of wealth management products developed by the Bank, up 442% from the same period in 2007. The Bank’s revenue from asset custody business increased by 186%, while revenue from its investment banking business increased by 106% from the same period in 2007. ICBC also substantially enhanced the profitability of its intermediary business.
In its lending business, ICBC closely adhered to the macro tightening policy of the central government, reduced lending to sectors discouraged by the policy and provided sufficient credit for the encouraged sectors. By linking lending policies for different sectors with relevant government policies, ICBC effectively managed its loan growth and further optimised its product mix and customer base. The Bank increased loans for key basic industries, high tech industries, new service industries and innovative and energy conserving sectors, and particularly for small and medium enterprises. At the end of June 2008, ICBC’s total renminbi loans of domestic branches reached RMB 3,996.8 billion, up RMB 255.0 billion or 6.8% from the end of 2007.
With regard to the treasury business, ICBC further enhanced its trading platform and risk management system and optimised its investment mix and structure. As a result, the Bank’s yield on non-restructuring bonds increased by 0.35 percentage point from 3.48% in 2007 to 3.83% in the first half of 2008. ICBC also reported steady growth in its deposit base. Total customer deposits reached RMB 7538.7 billion as at the end of June 2008, up 9.3% from the end of 2007. Deposits from other banks and other financial institutions reached RMB 802.4 billion, up 10.3% from the end of 2007.
In the first half of 2008, ICBC made further progress in overseas expansion. During the period, ICBC completed the acquisition of a 20% equity interest in Standard Bank Group of South Africa and a 79.93% stake in Seng Heng Bank in Macau. The Bank’s application for the establishment of its Vietnam Branch has been approved by the China Banking Regulatory Commission, and the Bank is making progress in seeking overseas regulatory approval. In addition, the Bank has received approvals from foreign regulators for the establishment of its branches in Doha and Sydney as well as ICBC (Middle East), which will open for business soon. Industrial and Commercial International Capital Limited, ICBC’s subsidiary in Hong Kong, has also received an investment banking licence. On 5 August 2008, ICBC received the approval from the Federal Reserve Board for the establishment of its New York Branch. Going forward, through acquisitions and applications for the establishment of new branches, ICBC will continue to establish an international business network that focuses on emerging markets, covers major international financial centres and China’s major economic and trading partners, and integrates with the Bank’s domestic operations.
ICBC further enhanced its risk management capabilities and effectively controlled its operating costs to ensure the healthy and rapid growth of its business. During the first half of 2008, ICBC further improved its comprehensive risk management system. By establishing its risk quota management system, ICBC enhanced its risk control capabilities, and has established the early phase of a systematic comprehensive risk management mechanism. ICBC has also further promoted the application of internal rating engineering for non-retail businesses. It launched the operations of its debt rating system, customer RAROC system and portfolio rating systems, laying a solid foundation for the application of quantitative risk ratings in its comprehensive risk management procedures. ICBC has also completed the construction of the internal rating infrastructure for retail business, and has commenced the system and applications development. In terms of cost control, ICBC’s cost to income ratio was 28.46% for the first half of 2008, down 2.97 percentage points from 31.43% in the same period last year.
While enhancing the value for its shareholders, ICBC is also committed to contributing to the society and has been proactive in performing the socially responsible role of a commercial bank, thereby establishing the Bank as the most profitable, most outstanding and most respected modern financial enterprise. Following the 12 May earthquake in Sichuan, ICBC quickly responded and committed substantial resources in rescue efforts and recovery services under the guidance of the government. Under the threat of aftershocks and other difficult situations such as shortage of water and electricity, ICBC quickly established temporary outlets and offices, installed temporary self-service facilities and opened “tent branches” to resume banking services to meet the needs of the people in the affected area as soon as possible. ICBC became the first bank to reopen for business in the affected area, a true reflection of its commitment to customers: a neighbourhood bank that they can trust.
