鑫闻界|适时提高分红水平和频率，平安银行、交通银行"领衔"银行业估值提 升 齐鲁晚报·齐鲁壹点 黄寿赓 实习生 王睿 伴随年报季到来，上市银行估值提升计划逐渐披露，平安银行、交通银行在同业中领先。在估值提升计划中，二者均提出将适时提高分红水平和频率。截至 3月25日收盘，除招商银行外，银行板块市净率（PB）整体仍低于1，未来或有更多银行披露市值提升计划。民生证券研报认为，随着预期改善、无风险收 益率下行，银行板块估值上限或进一步打开。 平安银行、交通银行率先披露 根据《上市公司监管指引第10号-市值管理》的相关规定，连续12个月每个交易日收盘价均低于最近一个会计年度经审计的每股净资产，将触及估值提升计 划制定情形。 3月15日，平安银行在同业中率先披露估值提升计划。为提升估值，该行拟采取的措施包括提升服务实体经济能力，做好金融"五篇大文章"；持续优化信息 披露，回应市场关切；强化投资者关系管理，增进市场认同等。 平安银行还称，将坚持零售银行定位，持续推动零售业务战略升级，增强零售业务收入增长动能，并大力发展私行财富业务。 3月22日，交通银行亦披露估值提升计划。相较平安银行计划，交通银行除表态服务实体经济，做 ...

Core Viewpoint - The expansion of personal consumption loan limits by banks aims to alleviate financial pressure on consumers and stimulate spending, with various banks increasing loan amounts and extending repayment terms [4][5][9]. Group 1: Loan Limit Increases - China Bank has raised its "Zhongyin E-loan" limit from 200,000 to 300,000 yuan, while the "Sui Xin Zhi Dai" limit has increased from 300,000 to 500,000 yuan [4]. - Industrial and Commercial Bank of China's "Rong E Borrow" now offers a maximum loan of 300,000 yuan with a repayment period extended to 7 years [5]. - China Merchants Bank's "Shan Dian Dai" allows for loan terms of up to 7 years and a maximum amount of 500,000 yuan for offline withdrawals [5]. Group 2: Impact on Consumer Spending - Analysts suggest that increasing credit limits aligns with consumer demand for higher-value goods and services, potentially boosting the entire supply chain, including manufacturing and sales [9]. - The expansion of consumption loan limits is expected to have a noticeable positive effect on consumer activity in the short term, enhancing market vibrancy [9]. Group 3: Risk Management and Regulatory Considerations - There are concerns regarding the flow and usage of consumption loan funds, emphasizing the need for banks to strengthen risk control measures [9]. - The necessity for banks to simplify loan application processes and enhance promotional efforts for consumption loans is highlighted as crucial for effective implementation [9].

3月22日，有用户在社交平台发帖称，招商银行"闪电贷"的最长贷款期限已更新为84个月，即7年。帖子评论区，一条发布于24日下午的评论称， 其贷款额度为50万元。 个人消费贷新规落地：贷满50万元需要满足什么条件？如何监管资金流 向？ 商业银行个人消费贷新规正在落地。 此前的3月21日，有市场消息称，来自银行业的消息，国家金融监督管理总局《关于发展消费金融助力提振消费的通知》（下称"《通知》"）已正 式下发。其中规定，个人消费贷款自主支付的金额上限可阶段性从30万元提高至50万元，商业银行用于个人消费的贷款期限可阶段性由不超过5年 延长至不超过7年。 更早前的3月14日，金融监管总局有关司局负责人表示，金融监管总局印发通知，要求金融机构发展消费金融，助力提振消费。该负责人表示，针 对长期、大额消费需求，从消费贷款额度、期限等方面给予支持。 澎湃新闻近日走访上海发现，目前多家银行已落实新规并开始推广。 贷款额度如何确定 3月23日-24日，澎湃新闻以客户身份咨询多家银行线上客服并走访上海多家银行网点发现，已有包括国有大行、股份行在内的多家银行开始落地 消费贷款新规。 有的银行已将个人消费贷款的总额提升至50万元， ...

A股上市银行公布估值提升计划主要是响应中国证监会《市值管理指引》的规定。根据要求，长期破净公司应当制定上市公司估值提升计划，并经董事会审 议后披露。 所谓的长期破净公司，是指股票连续12个月每个交易日的收盘价均低于最近一个会计年度经审计的每股归属于公司普通股股东的净资产的上市公司。 破净"魔咒"能否打破？A股上市银行打响估值保卫战 囿于长期低估值困境的上市银行正积极采取行动。3月25日，北京商报记者注意到，交通银行、平安银行近期首度披露估值提升计划，拟从服务实体经济发 展、做好金融"五篇大文章"、稳定现金分红、强化投资者关系管理、优化信息披露等多方面入手，提高自身估值。此外，招商银行市值管理制度也将公布。 长期以来，在市场投资者结构、投资理念、成长性以及资本市场估值体系等多重因素的掣肘下，A股上市银行苦低估值久矣，破净率居高不下。在分析人士 看来，此次上市银行披露估值提升计划，主要是响应《上市公司监管指引第10号—市值管理》（以下简称《市值管理指引》）要求，对于估值修复有一定的 帮助，但后续能否改善破净局面，依然需要宏观经济与银行基本面的配合。 密集披露估值提升计划 多家银行密集披露估值提升计划，3月25日， ...

多家银行上调消费贷额度上限，部分产品最高额从 20万元增至30万元 3月25日，界面新闻了解到，近期多家银行上调了互联网消费贷款额度上限。 其中，中国银行将"中银E贷"产品的最高额度从20万元提高至30万元，将"随心智贷"产品的最高额度从 30万元提高至50万元，并将贷款期限从最长3年延长至最长5年。 工商银行将"融e借"产品的最高额度提高至30万元，贷款期限最长可达7年。 招商银行将"闪电贷"产品的最高额度从20万元提高至30万元，并将贷款期限延长至最长7年（84个月） 《通知》明确，商业银行可根据客户还款能力和风险情况，实施差异化授信。对于信用良好、有大额消 费需求的客户，个人消费贷款自主支付的金额上限可阶段性从30万元提高至50万元，个人互联网消费贷 款金额上限可阶段性从20万元提高至30万元。 在期限方面，针对有长期消费需求的客户，商业银行用于个人消费的贷款期限可阶段性由不超过 5年延 长至不超过 7 年。 业内人士认为，对于借款人来说，这些调整意味着更高的贷款额度和更长的还款期限，可以更好地满足 大额消费需求和长期资金安排。然而，最终审批的额度仍需依据借款人的信用记录、负债情况等因素综 合评定。 据 ...

Core Viewpoint - Ping An Bank is undergoing significant management changes to enhance its retail banking strategy, with a focus on attracting younger talent to strengthen its leadership team [2][5]. Management Changes - Ping An Bank appointed Fang Weihao as vice president, pending approval from the National Financial Regulatory Administration, expanding its management team to include one chairman, one president, three vice presidents, one assistant president, and one secretary [2]. - The recent appointments of Wang Jun and Fang Weihao, both born in the 1970s, reflect the bank's strategy to build a younger management team during a critical period of retail financial reform [2][5]. Retail Banking Strategy - The bank's retail reform is at a crucial stage, with Wang Jun's transfer to the head office to oversee retail operations aimed at leveraging his strategic insight and execution capabilities [5]. - The Shenzhen branch, being the largest contributor to the bank's retail strategy, will benefit from Zhang Chaohui's experience as the new branch head [5]. Financial Performance and Projections - As of the end of 2024, Ping An Bank's personal loan balance decreased by 10.6% to 1,767.168 billion, while corporate loan balance increased by 12.4% to 1,606.935 billion, indicating a near-equal distribution between retail and corporate assets [9]. - The bank's net interest margin (NIM) for 2024 was reported at 1.87%, a decrease of 51 basis points from the previous year, with expectations of continued downward pressure on NIM in 2025 [7][8]. Future Focus Areas - Ping An Bank plans to enhance its retail business while also increasing corporate lending, particularly in infrastructure, high-end manufacturing, energy, and technology sectors [10]. - The bank aims to improve asset quality and increase loan yields by focusing on medium-risk, medium-return products, while continuing to support corporate business growth [10].

Core Viewpoint - The transformation of Ping An Bank's retail business is a necessary phase for the Chinese banking industry in the "post-retail era," marked by significant leadership changes and declining profitability in retail operations [2][4]. Group 1: Retail Business Performance - In 2024, Ping An Bank's retail business net profit was only 289 million yuan, a nearly 95% year-on-year decline, contributing just 0.6% to the bank's overall performance [4][5]. - The retail loan scale had previously expanded at an annual rate of 30% from 2016 to 2020, with peak profit contribution rates reaching 70%, but has since faced challenges with rising non-performing loans, particularly in credit cards and consumer loans [11][12]. - The bank's net interest margin dropped from 2.38% in 2023 to 1.87% in 2024, with retail interest net income decreasing by 20.8% year-on-year, reflecting the pain of the ongoing transformation [14]. Group 2: Leadership Changes and Employee Dynamics - The bank has seen three changes in retail leadership over three years, with the recent appointment of Wang Jun, who previously led the Shenzhen branch, indicating a strategic shift to enhance retail operations [4][6]. - In July 2024, the bank announced a relocation of some headquarters employees back to Shenzhen, raising concerns about potential layoffs, particularly among retail and technology departments [7][9]. - The bank is actively seeking talent to address high employee turnover in the retail sector, offering positions with training for inexperienced candidates [10]. Group 3: Strategic Initiatives for Growth - To improve retail performance, Ping An Bank is focusing on reducing high-risk assets and enhancing customer acquisition through digital marketing and AI technology [20][22]. - The bank's strategy includes leveraging the resources of the broader Ping An Group, such as integrating high-net-worth clients from insurance and trust services into its banking operations, referred to as the "group financial model" [23]. - The new leadership aims to narrow the revenue decline to around 10% by 2025, with a focus on increasing retail customer acquisition [24].

证券代码：000001 证券简称：平安银行 公告编号：2025-015 优先股代码：140002 优先股简称：平银优 01 平安银行股份有限公司董事会决议公告 会议审议通过了《关于聘任方蔚豪先生为平安银行股份有限公司副行长的议 案》。 同意聘任方蔚豪先生为平安银行股份有限公司副行长。 上述任职须报国家金融监督管理总局核准。 本行董事会提名委员会已审议通过本议案。 本议案同意票 13 票，反对票 0 票，弃权票 0 票。 方蔚豪先生的简历请见附件。 特此公告。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 平安银行股份有限公司（以下简称本行）第十二届董事会第三十七次会议通 知以书面方式于 2025 年 3 月 18 日向各董事发出。会议于 2025 年 3 月 21 日在 本行召开。本次会议的召开符合有关法律、法规、规章和本行公司章程的规定。 会议应到董事 13 人（包括独立董事 5 人），董事长谢永林，董事冀光恒、郭晓涛、 蔡方方、付欣、郭建、项有志、杨志群、杨军、艾春荣、吴志攀、刘峰和潘敏共 13 人到现场或通过视频、电话等方式参加了会议。 本行第十一届监 ...

Dividend Distribution - The proposed cash dividend for 2024 is RMB 6.08 per 10 shares, totaling RMB 11.799 billion, which represents 28.32% of the net profit attributable to ordinary shareholders and 26.51% of the total net profit [1] - The interim dividend for 2024 was RMB 2.46 per 10 shares, amounting to RMB 4.774 billion, while the proposed year-end dividend is RMB 3.62 per 10 shares, totaling RMB 7.025 billion [1] - The shareholder return plan for 2024-2026 indicates that cash distributions will range from 10% to 35% of the distributable profits for the year [1] Interest Margin Outlook - The net interest margin for 2024 is projected at 1.87%, a decrease of 51 basis points year-on-year, primarily due to declining market interest rates and the reduction of high-risk retail assets [1] - For 2025, the net interest margin is expected to face downward pressure, but the decline rate is anticipated to slow down [1] Asset Quality Performance - The non-performing loan (NPL) ratio at the end of 2024 is 1.06%, unchanged from the previous year, with an NPL generation rate of 1.80%, down by 0.09 percentage points year-on-year [2] - The provision coverage ratio is 250.71%, a decrease of 26.92 percentage points from the previous year [2] Retail Loan Situation - The personal loan balance at the end of 2024 is RMB 1.7672 trillion, a decrease of 10.6% from the previous year, with mortgage loans accounting for 62.8% of personal loans [3] - Strategies include optimizing loan structures, enhancing risk management, and improving customer engagement to support long-term business health [3] Corporate Loan Direction - New corporate loans in 2024 for key industries (infrastructure, automotive, public utilities, real estate) are projected at RMB 442.5 billion, a year-on-year increase of 35.4% [4] - New loans for emerging industries (new manufacturing, new energy, new lifestyle) are expected to reach RMB 216 billion, reflecting a year-on-year growth of 41.9% [4] Wealth Management Performance - The number of wealth management clients reached 1.46 million, a growth of 5.7% year-on-year, with private banking clients increasing by 7.3% to 300,000 [5] - The assets under management (AUM) for private banking clients totaled RMB 1.9755 trillion, a 3.1% increase from the previous year [5] - Wealth management service fees amounted to RMB 4.4 billion, with a decline attributed to reduced fees in the insurance channel [5]

Group 1: Strategic Direction and Financial Performance - The bank's strategic direction for 2025 focuses on deepening party leadership, enhancing financial services for the real economy, and strengthening financial risk prevention [1] - The core Tier 1 capital adequacy ratio, Tier 1 capital adequacy ratio, and total capital adequacy ratio for the end of 2024 are 9.12%, 10.69%, and 13.11% respectively, meeting regulatory requirements [2] Group 2: Revenue and Income Analysis - The net income from fees and commissions for 2024 is 24.1 billion yuan, a decrease of 18.1% year-on-year [3] - The breakdown of fee income includes: - Settlement fees: 3 billion yuan, down 8.3% - Agency and entrusted fees: 5.4 billion yuan, down 29.4% - Credit card fees: 13.2 billion yuan, down 18.3% - Other fees: 4.8 billion yuan, down 23% [3] Group 3: Retail Deposit Performance - The personal deposit balance at the end of 2024 is 1,287.2 billion yuan, an increase of 6.6% year-on-year [4] - The average daily balance of personal deposits for the year is 1,263.2 billion yuan, up 10.1% compared to the previous year [4] Group 4: Real Estate Loan Quality - The non-performing loan ratio for corporate real estate loans at the end of 2024 is 1.79%, an increase of 0.93 percentage points year-on-year, but still at a low level overall [5] Group 5: Corporate Business Development - The corporate loan balance at the end of 2024 is 1,606.9 billion yuan, an increase of 12.4% year-on-year [6] - The corporate deposit balance is 2,246.5 billion yuan, up 2.1% from the previous year [7]