Financial Performance - Bank of Tianjin Co., Ltd. reported unaudited consolidated interim results for the six months ended June 30, 2023[1]. - The bank's total assets reached RMB 1.2 trillion, an increase of 8% compared to the previous year[2]. - Net profit attributable to shareholders for the period was RMB 1.5 billion, representing a year-on-year growth of 12%[2]. - The net profit attributable to the bank's equity holders for the first half of 2023 was RMB 833,918,000, a decrease of 72.4% compared to RMB 3,023,600,000 in the same period of 2022[20]. - Operating income for the period was RMB 8.13 billion, reflecting a year-on-year increase of 3.7%[30]. - The pre-tax profit for the first half of 2023 was RMB 1,063.5 million, a decrease of 70.0% compared to the same period last year, while net profit fell to RMB 835.9 million, down 72.4% year-on-year[35]. - Total operating income for the bank reached RMB 8.132 billion, a 3.7% increase compared to RMB 7.838 billion in the previous year[168]. Asset Quality - The bank's non-performing loan (NPL) ratio improved to 1.5%, down from 1.8% in the previous period[2]. - The bank's non-performing loan ratio rose to 2.24% from 1.84% in the previous year, indicating a 0.40% increase[24]. - Non-performing loans amounted to RMB 8,475.3 million, with a non-performing loan ratio of 2.21%, an increase of 0.40 percentage points from the previous year[118]. - The bank's corporate customer non-performing loan (NPL) balance reached RMB 5,929.5 million, an increase of RMB 2,035.9 million or 52.3% compared to the end of the previous year[124]. - The NPL ratio for the leasing and business services sector rose to 2.90%, with this sector accounting for 32.6% of total corporate customer NPLs[124]. Customer Deposits and Loans - Customer deposits increased by 10% to RMB 900 billion, reflecting strong customer confidence[2]. - Customer loans and advances increased by 10.1% to RMB 371,343,366,000 from RMB 337,397,157,000 year-over-year[22]. - The bank's total customer loans and advances amount to RMB 384,331.5 million, reflecting a growth of 10.6% compared to the previous period[132]. - The bank's personal deposits amounted to RMB 161,427.4 million, an increase of RMB 21,386.1 million or 15.3%, attributed to improved management capabilities and optimized product functions[105]. Investment and Income - Investment income surged by 44.0% to RMB 1,265,476,000 compared to RMB 878,929,000 in the previous year[21]. - Net interest income reached RMB 5,470.8 million, with a year-on-year decrease of 1.3%, while total interest income increased by 1.4% to RMB 15,263.5 million[35]. - The revenue from the capital operation business was RMB 1,921.9 million, accounting for 23.6% of total operating income[153]. Strategic Initiatives - The bank plans to expand its digital banking services, aiming for a 20% increase in online transactions by the end of 2024[2]. - New product offerings include a range of wealth management products targeting retail customers, expected to launch in Q4 2023[2]. - The bank is exploring potential mergers and acquisitions to enhance its market presence in northern China[2]. - The bank continues to enhance its support for small and micro enterprises through innovative online loan products, contributing to the growth of personal operating loans by RMB 7,570.2 million or 22.6%[86]. Risk Management - The bank has established a comprehensive credit risk management system, ensuring independent credit approval processes and effective risk identification and control[177]. - The bank actively monitors market risks, particularly interest rate and exchange rate risks, to mitigate potential losses from adverse market price movements[180]. - The bank's liquidity risk management follows a centralized model, ensuring sufficient liquidity through monitoring key liquidity indicators and conducting stress tests[185]. Shareholder Information - The bank has a total share capital of 6,070,551,822 shares, with registered capital amounting to RMB 6,070,551,822, and no changes occurred during the reporting period[188]. - The largest shareholder, Tianjin Free Trade Zone Investment Co., Ltd., holds 967,462,369 shares, representing 15.94% of the total shares[191]. - The top three shareholders collectively own 35.92% of the total shares, indicating a concentrated ownership structure[191].
天津银行(01578) - 2023 - 中期业绩