Financial Performance - Bank of Tianjin reported its audited financial results for the year ending December 31, 2022, in compliance with the Hong Kong Stock Exchange listing rules[1]. - In 2022, the bank's net interest income decreased by 11.2% to RMB 11,472,978,000 compared to RMB 12,925,338,000 in 2021[20]. - Total operating income for 2022 was RMB 15,758,751,000, reflecting a 10.9% decline from RMB 17,693,989,000 in 2021[20]. - The bank's pre-tax profit increased by 10.7% to RMB 3,809,559,000 in 2022, up from RMB 3,441,743,000 in 2021[21]. - The net profit attributable to equity holders of the bank rose by 11.5% to RMB 3,564,965,000 in 2022, compared to RMB 3,196,026,000 in 2021[21]. - The bank's investment income decreased by 32.2% to RMB 1,585,354,000 in 2022 from RMB 2,339,241,000 in 2021[20]. - The bank's fee and commission income increased by 2.5% to RMB 2,134,760,000 in 2022, compared to RMB 2,082,280,000 in 2021[20]. - Total operating expenses amounted to RMB 4,448.6 million, a slight increase of RMB 23.9 million or 0.5% year-on-year[76]. - The company's income tax expense for the reporting period was RMB 246.5 million, an increase of RMB 19.1 million or 8.4% year-on-year, primarily due to an increase in pre-tax profit[86]. Asset and Liability Management - The bank's total assets reached RMB 1,000 billion as of December 31, 2022, marking a significant milestone[20]. - Total assets increased by 5.7% to RMB 761,082,851,000 in 2022 from RMB 719,903,932,000 in 2021[22]. - Total liabilities grew by 5.8% to RMB 700,463,719,000 in 2022 from RMB 662,363,094,000 in 2021[22]. - Customer deposits increased by 4.0% to RMB 397,765,271,000 in 2022 from RMB 382,478,890,000 in 2021[22]. - The bank's total liabilities reached RMB 700,463.7 million, an increase of RMB 38,100.6 million, representing a growth of 5.8% compared to the previous year[114]. - Customer deposits amounted to RMB 397,765.3 million, an increase of RMB 15,286.4 million, reflecting a growth of 4.0% year-on-year, driven by significant growth in personal fixed-term deposits[115]. Loan and Credit Quality - Customer loans and advances rose by 3.9% to RMB 337,397,157,000 in 2022 compared to RMB 324,607,358,000 in 2021[22]. - The bank's credit loss provisions under the expected credit loss model decreased by 23.6% to RMB 7,524,819,000 in 2022 from RMB 9,852,127,000 in 2021[20]. - Non-performing loan ratio improved to 1.84% in 2022 from 2.41% in 2021, a decrease of 0.57%[23]. - The non-performing loan ratio decreased to 1.81%, down 0.58 percentage points from the previous year, due to enhanced asset quality management[131]. - The total amount of non-performing loans for corporate clients decreased by RMB 1,657.0 million, a reduction of 29.9% year-on-year, totaling RMB 3,893.6 million[138]. - The personal customer non-performing loan amount was RMB 2,405.0 million, down 3.6% year-on-year, with a non-performing loan ratio of 1.95%, an increase of 0.06 percentage points[143]. Strategic Initiatives - The bank's strategic plan for the 14th Five-Year period aims to establish itself as a mainstream bank in the Beijing-Tianjin-Hebei region, focusing on reform and innovation[11]. - The bank will revise its 14th Five-Year strategic plan in 2023 to align with internal and external changes, following the directives from the Party's 20th National Congress[11]. - In 2023, Tianjin Bank aims to implement the spirit of the 20th National Congress of the Communist Party and focus on the "14th Five-Year Plan" for high-quality development[34]. - The bank has committed to supporting the real economy and enhancing financial service quality, particularly in key strategic areas such as green development and rural revitalization[31]. - The bank's digital transformation strategy includes upgrading core systems, achieving a 25-fold increase in transaction processing concurrency and a 10-fold increase in peak daily transaction volume[46]. Market Position and Recognition - The bank was ranked 187th in the "Top 1000 World Banks" by The Banker magazine, improving by 7 places from the previous year[17]. - The bank underwrote a total of RMB 163.8 billion in government bonds, ranking 11th nationally among policy financial bond underwriters and first among local banks in Tianjin[174]. - The bank was awarded multiple accolades, including the "Best Interbank Debt Financing Tool Underwriter - Outstanding City Commercial Bank" and "Best Credit Bond Underwriter - Outstanding City Commercial Bank" by Wind[172]. Risk Management - The bank has strengthened its risk management framework, focusing on credit, operational, market, liquidity, and information technology risks[192]. - The bank implemented a unified credit system to manage credit risk exposure effectively across all lending and non-lending activities[193]. - The bank is committed to enhancing its market risk management capabilities to mitigate adverse impacts from market price fluctuations[195]. - The bank manages foreign exchange risk by matching assets and liabilities in various currencies and conducting daily monitoring of foreign exchange exposure[198]. - Liquidity risk refers to the inability to obtain sufficient funds timely and at reasonable costs to meet maturing debts or operational needs, with a focus on centralized management under the board's policies[200].
天津银行(01578) - 2022 - 年度业绩