2022-03-30 16:00Financial Performance - Total assets reached RMB 29,069.155 billion, with total loans and advances of RMB 17,175.073 billion and total deposits of RMB 21,907.127 billion[2] - Net profit for the year amounted to RMB 241.936 billion[2] - Total assets reached RMB 29,069,155 million in 2021, up from RMB 27,205,047 million in 2020[12] - Total loans and advances increased to RMB 17,175,073 million in 2021, compared to RMB 15,170,442 million in 2020[13] - Total deposits grew to RMB 21,907,127 million in 2021, up from RMB 20,372,901 million in 2020[14] - Net profit for 2021 was RMB 216,400 million, down from RMB 241,936 million in 2020[16] - Net interest margin stood at 2.20% in 2021, slightly lower than 2.23% in 2020[19] - Cost-to-income ratio improved to 29.23% in 2021 from 30.49% in 2020[20] - Non-performing loan ratio decreased to 1.40% in 2021, down from 1.43% in 2020[21] - Total assets increased to RMB 29,069,155 million in 2021, up from RMB 27,205,047 million in 2020[22] - Net profit attributable to parent company shareholders reached RMB 241,183 million in 2021, compared to RMB 215,925 million in 2020[22] - Non-performing loan ratio improved to 1.43% in 2021 from 1.57% in 2020[23] - Provision coverage ratio increased to 299.73% in 2021 from 266.20% in 2020[23] - Core tier 1 capital adequacy ratio rose to 11.44% in 2021 from 11.04% in 2020[23] - Net interest income grew to RMB 577,987 million in 2021 from RMB 545,079 million in 2020[22] - Total deposits increased to RMB 21,907,127 million in 2021, up from RMB 20,372,901 million in 2020[22] - Operating income reached RMB 719,915 million in 2021, compared to RMB 657,961 million in 2020[22] - Risk-weighted assets grew to RMB 17,849,566 million in 2021 from RMB 16,989,668 million in 2020[22] - Net cash flow from operating activities was RMB 239,615 million in 2021, a significant improvement from negative RMB 60,936 million in 2020[22] - Total assets reached 29.1 trillion yuan, a year-on-year increase of 6.9%[34] - Loan balance increased to 17.2 trillion yuan, up 13.2% year-on-year[34] - Customer deposits grew to 21.9 trillion yuan, an increase of 7.5% year-on-year[34] - Net profit rose to 241.9 billion yuan, up 11.8% year-on-year[34] - Non-performing loan ratio decreased to 1.43%, down 0.14 percentage points year-on-year[34] - Net profit in 2021 reached RMB 241.936 billion, an increase of RMB 25.536 billion, or 11.8%, compared to the previous year[50] - Interest income accounted for 80.29% of total operating income in 2021, with net interest income reaching RMB 577.987 billion, an increase of RMB 32.908 billion, or 6.0%, year-over-year[51] - Net interest margin (NIM) decreased by 8 basis points to 2.12%, and net interest spread declined by 8 basis points to 1.96% in 2021, primarily due to lower loan yields and higher deposit costs[51][52] - Total interest-earning assets averaged RMB 27.238 trillion in 2021, with an average yield of 3.70%, down 5 basis points from 2020[52] - Total interest-bearing liabilities averaged RMB 24.677 trillion in 2021, with an average cost of 1.74%, up 3 basis points from 2020[52] - Loans and advances averaged RMB 16.397 trillion in 2021, with an average yield of 4.23%, down 15 basis points from 2020[52] - Customer deposits averaged RMB 20.482 trillion in 2021, with an average cost of 1.61%, up 8 basis points from 2020[52] - Interest income from loans and advances increased by RMB 62.256 billion (9.9%) to RMB 694.009 billion, driven by an increase in the scale of loans and advances[55] - Bond investment interest income rose by RMB 13.809 billion to RMB 252.804 billion, primarily due to an increase in the scale of bond investments[58] - Interest expense increased by RMB 44.174 billion to RMB 430.027 billion, mainly due to a rise in the average balance of interest-bearing liabilities[59] - Net fee and commission income grew by RMB 5.784 billion (7.8%) to RMB 80.329 billion, with electronic banking revenue increasing by 16.5%[62][65] - Other non-interest income surged by RMB 23.262 billion to RMB 61.599 billion, driven by a RMB 23.637 billion increase in investment gains[66] - Business and management expenses increased by RMB 26.960 billion (14.0%) to RMB 219.308 billion, with employee compensation and benefits rising by 11.8%[67][68] - Credit impairment losses amounted to RMB 165.886 billion, with loan impairment losses increasing by RMB 30.011 billion to RMB 168.999 billion[68] - Income tax expense rose by RMB 5.294 billion (10.9%) to RMB 53.944 billion, with an effective tax rate of 18.23%[69] - Total revenue for 2021 reached RMB 719.915 billion, with personal banking contributing RMB 317.456 billion (44.1%) and corporate banking contributing RMB 268.929 billion (37.4%)[71] - The Yangtze River Delta region generated RMB 144.341 billion in revenue, accounting for 20.1% of total revenue, while the Western region contributed RMB 152.886 billion (21.2%)[74] - County-level financial business revenue increased to RMB 293.744 billion, representing 40.8% of total revenue, up from 39.6% in 2020[75] - Total assets grew by 6.9% to RMB 29,069.155 billion, with net loans and advances increasing by 13.1% to RMB 16,454.503 billion[76] - Corporate loans accounted for 53.5% of total loans, with medium and long-term corporate loans making up 71.5% of corporate lending[80] - The top five industries for corporate loans (transportation, manufacturing, leasing, utilities, and real estate) accounted for 75.6% of total corporate loans, a slight decrease of 0.2 percentage points from the previous year[82] - Personal loans grew by 14.8% to RMB 7,117.212 billion, with personal housing loans increasing by 12.4% and personal business loans surging by 23.5%[82] - Financial investments increased by 5.2% to RMB 8,230.043 billion, while cash and deposits with central banks decreased by 4.8% to RMB 2,321.406 billion[77] - Total loans increased to RMB 7,117,212 million in 2021, up from RMB 6,198,743 million in 2020, with personal housing loans accounting for 73.6% of the total[83] - Financial investments grew by 5.2% to RMB 8,230,043 million in 2021, driven by a RMB 4,264,010 million increase in non-restructured bond investments[85] - Non-restructured bond investments reached RMB 7,500,443 million, with government bonds making up 63.4% of the total[86] - Loans in the Yangtze River Delta region accounted for 23.8% of total loans, amounting to RMB 4,088,464 million in 2021[84] - Financial bonds held by the company totaled RMB 2,268,113 million, with policy bank bonds comprising RMB 1,557,354 million[91] - Loans with a remaining maturity of over 5 years increased to 45.2% of total non-restructured bond investments, up from 37.9% in 2020[88] - RMB-denominated non-restructured bond investments accounted for 95.9% of the total, amounting to RMB 7,190,104 million[89] - Loans in the western region represented 21.8% of total loans, totaling RMB 3,749,092 million in 2021[84] - Financial investments measured at amortized cost increased to RMB 6,249,598 million, representing 77.2% of total financial investments[90] - Policy bank bonds held by the company had an average annual interest rate of 3.52% to 4.39%, with maturities ranging from 2024 to 2031[92] - Total liabilities increased by 6.6% to RMB 26,647.796 billion, with customer deposits growing by 7.5% to RMB 21,907.127 billion[93] - Personal deposits accounted for 59.9% of total deposits, up 0.6 percentage points, while demand deposits decreased by 2.8 percentage points to 52.4%[94] - Deposits in the Yangtze River Delta region increased to RMB 5,228.107 billion, accounting for 24.2% of total deposits[96] - Deposits in the Pearl River Delta region reached RMB 3,023.021 billion, representing 14.0% of total deposits[96] - Deposits in the Bohai Rim region grew to RMB 3,787.784 billion, making up 17.5% of total deposits[96] - Deposits in the central region increased to RMB 3,676.925 billion, accounting for 17.0% of total deposits[96] - Deposits in the western region rose to RMB 4,569.603 billion, representing 21.2% of total deposits[97] - Total equity increased by 9.5% to RMB 2,421.359 billion, with undivided profits growing to RMB 925.955 billion, accounting for 38.2% of total equity[101] - The company's net stable funding ratio, liquidity coverage ratio, and net interest margin are detailed in relevant sections[99] - Total credit commitments amounted to RMB 2,088,305 million, with credit card commitments accounting for 35.6% (RMB 743,594 million)[103] - Domestic corporate deposits reached RMB 8,037.929 billion, an increase of RMB 419.338 billion from the previous year[106] - Corporate loans and bill discounts totaled RMB 9,592.361 billion, up by RMB 1,068.399 billion year-on-year[106] - The number of corporate banking clients with loan balances increased by 32,700 to 360,600[106] - Strategic emerging industries loan balance exceeded RMB 850 billion[107] - Private enterprise loan balance reached RMB 2,467.651 billion, an increase of RMB 436.238 billion[107] - Corporate internet high-frequency scenarios grew by 85.7% to 50,000[108] - Personal customer base reached 878 million, with personal housing loan balance increasing by RMB 580.169 billion to RMB 5.24 trillion[114][116] - Online consumer loan balance surpassed RMB 100 billion, and personal business loan balance exceeded RMB 400 billion[117] - Personal deposits reached 12,934.171 billion yuan, an increase of 1,008.131 billion yuan compared to the previous year, maintaining a leading position in the industry[118] - Debit card issuance totaled 1.125 billion cards, an increase of 26.9792 million cards compared to the previous year[119] - Credit card consumption amounted to 2,276.29 billion yuan for the year[119] - Private banking clients numbered 170,000, with managed assets totaling 1,846.5 billion yuan[121] - RMB financing transaction volume reached 53,038.597 billion yuan, with funds lent out amounting to 52,400.03 billion yuan and funds borrowed amounting to 6.38567 billion yuan[123] - Financial investments totaled 8,230.043 billion yuan, an increase of 407.384 billion yuan, a growth of 5.2% compared to the previous year[124] - The balance of wealth management products was 2,072.533 billion yuan, with the bank's own products accounting for 249.322 billion yuan and ABC Wealth Management products accounting for 1,823.211 billion yuan[126] - The balance of non-guaranteed wealth management products was 249.322 billion yuan, a decrease of 756.278 billion yuan compared to the previous year[126] - The scale of custody assets reached 12,454.663 billion yuan, an increase of 23.3% compared to the previous year, with pension custody scale reaching 941.572 billion yuan, an increase of 37.2%[133] - Custody and other entrusted business income amounted to 3.832 billion yuan[133] - Pension fund management scale reached 170.897 billion yuan, an increase of 53.374 billion yuan, up 45.4% year-on-year[134] - Gold trading volume reached 4,454.7 tons, and silver trading volume reached 51,980.01 tons in 2021[135] - Client foreign exchange trading volume reached 476.9 billion USD, up 21.3% year-on-year[136] - Bond Connect trading volume exceeded 600 billion yuan in 2021[137] - Insurance agency premiums reached 115.2 billion yuan, with a 11.0% year-on-year growth in regular premium business[138] - Fund sales reached 344.448 billion yuan, with 2,330 funds sold in 2021[139] - Monthly active users (MAU) of mobile banking exceeded 150 million by the end of 2021[142] - Overseas branches and subsidiaries' total assets reached 152.67 billion USD, with a net profit of 770 million USD in 2021[148] - Cross-border RMB business volume reached 2.11 trillion yuan in 2021[150] - Digital RMB pilot scenarios and merchant numbers ranked among the top in the industry[147] - Agricultural Bank of China (Luxembourg) Co., Ltd. had total assets of $47 million and net assets of $25 million, achieving a net profit of $1.39 million in 2021[151] - Agricultural Bank of China (Moscow) Co., Ltd. had total assets of $157 million and net assets of $112 million at the end of 2021[151] - ABC-CA Fund Management Co., Ltd. achieved a net profit of RMB 648 million in 2021, with total assets of RMB 4.438 billion and net assets of RMB 4.043 billion[153] - ABC-CA Fund Management Co., Ltd. had 66 public funds and 92 private fund products, with public fund assets under management reaching RMB 205.6 billion, a 54% increase in equity funds[153] - ABC International Holdings Limited achieved a net profit of HKD 1.023 billion in 2021, with total assets of HKD 46.075 billion and net assets of HKD 11.113 billion[154] - ABC Financial Leasing Co., Ltd. had total assets of RMB 76.742 billion and net assets of RMB 10.424 billion, achieving a net profit of RMB 464 million in 2021[156] - ABC Life Insurance Co., Ltd. achieved a net profit of RMB 884 million in 2021, with total assets of RMB 125.579 billion and net assets of RMB 8.735 billion[157] - ABC Financial Asset Investment Co., Ltd. achieved a net profit of RMB 2.805 billion in 2021, with total assets of RMB 120.185 billion and net assets of RMB 24.719 billion[158] - ABC Wealth Management Co., Ltd. achieved a net profit of RMB 1.721 billion in 2021, with total assets of RMB 15.238 billion and net assets of RMB 15.061 billion[159] - The company invested a total of RMB 20.532 billion in information technology in 2021[161] - The total data volume exceeded 19PB by the end of 2021, with the big data platform providing one-stop exclusive data services[162] - The cloud platform reached 11,000 physical nodes, with a cloudification rate of 88% and 100% self-service rate for development and testing resources[162] - The distributed core system handled 62% of the peak daily transaction volume[162] - The core system's average daily transaction volume reached 1.02 billion, a 22.0% year-on-year increase, with a peak daily transaction volume of 1.278 billion[165] - The core system's main business hours availability rate reached 99.99%[165] - The company reduced the number of basic software and hardware vulnerabilities by 58%, achieving 100% governance in service and channel domains[166] - The company had 455,174 employees by the end of 2021, with 726 in overseas branches and representative offices, and 8,945 in comprehensive subsidiaries and village banks[170] - The company's employee distribution showed 25.9% in the western region, 20.6% in the central region, and 14.2% in the Bohai Rim region[171] - The company's employee education structure included 55.2% with bachelor's degrees and 7.6% with master's degrees[172] - The company's employee age structure showed 30.7% aged 51 and above, 26.8% aged 41-50, and 23.2% aged 31-40[174] - The company has a total of 22,807 domestic branches as of the end of 2021, including 13 overseas branches and 4 overseas representative offices[176] - The Yangtze River Delta region accounts for 13.2% of the total domestic branches, with 3,010 branches[177