BANK OF XI'AN(SH:600928)2021-04-29 16:00Financial Performance - The net profit attributable to shareholders for 2020 was RMB 2.756 billion, representing a year-on-year increase of 3.05%[7]. - The total operating income for 2020 was CNY 7,137,883,000, representing a year-on-year increase of 4.27% compared to CNY 6,845,299,000 in 2019[23]. - The basic earnings per share for 2020 was CNY 0.62, up 1.64% from CNY 0.61 in 2019[30]. - The company's operating income was CNY 7.14 billion, up 4.27% from the previous year, while net profit attributable to shareholders was CNY 2.76 billion, a growth of 3.05%[86]. - The non-interest income decreased by 21.91% year-on-year, while net interest income increased by 9.79%[86]. - The company achieved a net interest income of 6.207 billion yuan, representing a year-on-year growth of 9.79%[96]. - Total interest income reached 13.154 billion yuan, an increase of 13.75% compared to 11.564 billion yuan in the previous year[97]. Asset and Liability Management - As of the end of 2020, the total assets of Bank of Xi'an exceeded RMB 300 billion, with a double-digit growth in both deposits and loans[7]. - The total assets as of December 31, 2020, amounted to CNY 306,391,591,000, reflecting a growth of 10.10% from CNY 278,282,722,000 at the end of 2019[23]. - The total deposits reached CNY 207,345,846,000, which is a 22.16% increase compared to CNY 169,735,771,000 in the previous year[27]. - The total liabilities amounted to CNY 280.77 billion, growing by 10.27% year-on-year[108]. - The bank's total liabilities from issued debt securities decreased by 31.47% to 50,025,113 thousand yuan, down from 73,001,983 thousand yuan[148]. Loan and Deposit Growth - The total loans and advances increased to CNY 171,971,798,000, marking a 12.38% rise from CNY 153,031,836,000 in 2019[23]. - The bank's loans to small and micro enterprises increased by 33%, with interest rates significantly reduced by 124 basis points[8]. - Personal deposits reached CNY 944.87 billion, an increase of CNY 218.17 billion, reflecting a growth rate of 30.02% compared to the previous year[58]. - The balance of loans to small and micro enterprises reached 29.396 billion yuan, an increase of 7.216 billion yuan, representing a growth of 32.53% compared to the end of the previous year[61]. - The balance of inclusive loans for small and micro enterprises with a single credit limit of 10 million yuan or less reached 5.681 billion yuan, increasing by 1.423 billion yuan, a growth of 33.42%[61]. Risk Management - The non-performing loan ratio was maintained at a low level of 1.18%, with a provision coverage ratio of 269.39%, an increase of 6.98 percentage points year-on-year[7]. - The bank emphasized risk management and control, addressing various risks including credit, liquidity, and operational risks[5]. - The bank's credit risk management system was enhanced to cover all aspects of credit risk, including on-balance and off-balance sheet assets[186]. - The bank implemented measures to optimize credit asset structure and control new non-performing loans, including adhering to national macro-control policies and providing support to affected enterprises[168]. - The bank's focus on risk management and proactive measures contributed to maintaining stable asset quality despite economic challenges[168]. Digital Transformation and Innovation - The strategic focus for 2021 includes enhancing digital transformation and supporting regional economic development[10]. - The company has enhanced its digital transformation, expanding online services and improving customer experience through a new mobile banking app[76]. - The company launched new financial products such as "Cultural and Creative Special Loan" and "Aviation Support Loan" to cater to specific industry needs[56]. - The company is focusing on digital economy development, leveraging new technologies for financial inclusion and risk prevention[72]. - A comprehensive internet technology platform is being developed, supported by big data to create a robust business platform[198]. Social Responsibility and Community Support - Financial precision poverty alleviation loans grew by 16.69%, demonstrating the bank's commitment to social responsibility[8]. - The bank actively participated in pandemic relief efforts, increasing loan disbursements in related sectors[8]. - The company is focusing on supporting local economic recovery through financial measures aimed at pandemic-related sectors[55]. - The company implemented measures to support small and micro enterprises affected by the pandemic, including optimizing loan structures and reducing financing costs[82]. Awards and Recognition - The company received multiple awards in 2020, including ranking 337th in the "2020 Global Top 1000 Banks" by The Banker[20]. - The company was recognized as the "Best Company Governance City Commercial Bank" and received the "Best Financial Innovation Award" in 2020[20].