盘点中小行半年报：净息差普遍承压 有银行房地产不良率超21%

Core Viewpoint - The operational performance of most small and medium-sized banks in the first half of the year shows a continued trend of differentiation and competition, with notable changes emerging in the landscape [1] Group 1: Performance of Listed Banks - The total asset scale of 42 A-share listed banks reached approximately 321 trillion yuan, with 27 city commercial banks and rural commercial banks accounting for about 36 trillion yuan, an increase of over 3 trillion yuan compared to the end of last year [2] - City and rural commercial banks have seen their asset share in listed banks rise from less than 11% at the end of last year to approximately 11.21% [3] - Jiangsu Bank has overtaken Beijing Bank to become the new leader among city commercial banks, with an asset scale of 4.79 trillion yuan, reflecting a growth rate of 21.16%, the highest among all listed banks [3][4] - The top six city commercial banks achieving over 10 billion yuan in net profit include Jiangsu Bank, Ningbo Bank, Beijing Bank, Nanjing Bank, Shanghai Bank, and Hangzhou Bank [5] Group 2: Financial Metrics and Risks - The net interest margin (NIM) among listed city and rural commercial banks shows significant differentiation, with a gap of 150 basis points between the highest and lowest [7] - Some banks have reported non-performing loan (NPL) ratios exceeding 21%, particularly in the real estate sector, with individual banks experiencing extreme cases of low NIM and high NPL ratios [1][7] - As of the end of the first half, the NPL ratio for listed banks showed that four city commercial banks and one rural commercial bank had the highest ratios, with Lanzhou Bank at 1.81% [8][10] Group 3: Non-Listed Banks and Overall Trends - Non-listed small and medium-sized banks have also shown varied performance, with some experiencing significant asset declines, such as Ningbo Yinzhou Rural Commercial Bank, which saw a 15.45% drop [12] - The reliance on financial investments has increased among banks, particularly rural commercial banks, with some having over 45% of their assets in financial investments [12] - The overall trend indicates that while many banks maintain positive growth, challenges remain in asset quality and profitability, with only one-fifth of banks achieving an increase in NIM [13]