, China

ICBC's net profit climbed 10.2% to RMB262.6b

On back of higher non-interest income growth.

According to CCB International, Industrial and Commercial Bank of China (ICBC) reported FY13 net profit of RMB262.6b, up 10.2% YoY. Profit growth was driven by strong non-interest income growth of 21.2% YoY.Annualized ROE and ROA were 21.9% and 1.44%. The defensive nature of the bank should appeal to investors given rising uncertainty within China’s banking industry.

Here's more:

Delivers blunt assessment NIM and NPL situation. NIM was down 9bp as loan yields declined due to re-pricing after rate cuts in 2012. The NPL ratio climbed more than peers (up 9bp YoY), though it may have been distorted by write-offs and NPL-packed sales. ICBC, seeking a better recovery rate, seems more willing to resolve NPLs by itself than selling to AMCs.

Future earnings driver: restructuring. ICBC has weathered recent banking industry changes quite well and has taken strides to restructure its business, including: (1) shifting more resources to MSE (RMB1.87t, 20.4% of domestic loans) and personal loans (up 19.3% YoY vs. 11.7% YoY of domestic loans); (2) boosting fee income to achieve stable revenue; and (3) imposing stringent cost controls on funding and operating costs.

 

Pembekuan pendanaan menghantam penyedia layanan BNPL

Investor semakin sedikit mengalirkan dana ke penyedia layanan BNPL yang sudah menghadapi keuntungan margin yang tipis.

HSBC: Aliansi bank-fintech merupakan win-win

Pemberi pinjaman dapat belajar dari teknologi disruptif sambil membantu mereka mematuhi regulasi.

Tokenisasi aset perdagangan untuk menjembatani kesenjangan pembiayaan

Teknologi blockchain dapat mendesentralisasikan operasi keuangan dan mempermudah akses kredit.

BCA menjalankan komitmen terhadap keuangan berkelanjutan

Bank asal Indonesia ini mempertimbangkan aspek lingkungan dan tata kelola dalam keputusan pemberian pinjaman.

Mengapa UNOBank mendorong embedded finance tumbuh di Filipina

Bagi UNOBank, banking interface terpadu adalah strategi pertumbuhan sekaligus upaya inklusi keuangan.

OCBC mencoba mengurangi kesenjangan manfaat bagi agen properti di Singapura

Produk terbarunya menawarkan manfaat finansial di bidang perbankan, asuransi, dan perdagangan.

Upaya Malaysia menjadi anggota BRICS untuk mendorong perombakan sistem perbankan

Namun, tantangan muncul ketika menjauh dari ketergantungan pada AS dan SWIFT.

Platform pembayaran PingPong memperoleh lisensi PJP di Indonesia

PingPong mengincar ekspansi ke pasar ekspor senilai $320 miliar di negara tersebut.

Merger dan penutupan mengancam 3.800 bank di area pedesaan Cina

Sekitar 70 bank di area tersebut telah merger sejak 2023.