吉林银行董事长秦季章：零售转型是一项长期的系统性工程

Core Viewpoint - Jilin Bank has successfully transformed its retail banking operations, significantly improving its financial health and reducing non-performing loan ratios, while also planning for future growth and potential listing [1][4][19]. Group 1: Financial Performance - Jilin Bank's asset scale has doubled from 2019 to 2024, reaching 750 billion yuan, with revenue and pre-provision profit increasing by 37% and 24% respectively, to 13.6 billion yuan and 7.3 billion yuan [1]. - The non-performing loan ratio has decreased from nearly 5% in 2019 to 1.85% as of mid-2024 [1][21]. - As of June 2024, Jilin Bank's total assets surpassed 800 billion yuan [1]. Group 2: Retail Transformation Strategy - The retail transformation is viewed as a long-term systematic project that requires top-level strategic organization and implementation [4][11]. - Jilin Bank aims to increase its personal loan ratio from 23% to 40% during the "14th Five-Year Plan" period, with a long-term goal of exceeding 50% [15]. - The bank has achieved significant growth in its retail AUM, increasing from 185.4 billion yuan to over 470 billion yuan from 2019 to 2024 [15][16]. Group 3: Market Environment and Challenges - The economic environment in Jilin has improved, with GDP growth of 5.7% in the first half of 2025, surpassing the national average [5]. - The bank faces challenges such as a shift in savings deposits to wealth management products, which could impact loan availability and profitability [9][10]. - Jilin Bank has identified opportunities in diversifying its wealth management product offerings to meet customer needs [10]. Group 4: Risk Management and Future Plans - Jilin Bank has implemented strict measures to manage loan quality, focusing on high-quality clients and sectors, maintaining a new loan non-performing rate around 1% [21][22]. - The bank plans to issue 150 billion yuan in subordinated debt and 50 billion yuan in perpetual bonds to bolster its capital base [19]. - Jilin Bank is actively preparing for a potential public listing, contingent on business development and market conditions [20].