Ping An Bank13In the first quarter net profit36Billion, more than forecast35Million1Billion yuan, all indexes and expected very close, see table. From the prediction of the situation, revenue expectations, according to a quarterly report last night, Societe Generale, appears in the banking industry first quarter revenue than the actual conservative estimation. Disclosure of detailed information, but also must continue to praise. From Ping An Bank Quarterly Bulletin, further confirms the previous judgment more pessimistic.

A, deposit and loan business to keep expanding. During the first quarter, the growth of deposits and loans over the beginning of this year4.3%,4.7%, can not be compared with the bank, but also quite satisfactory, steadily expanding.

Two, bad loans years worrying. Not bad assets has reached73.7Billion yuan, including verification0.71Billion yuan, the non-performing assets reached74.4Billion yuan, compared with the beginning of the increase in net5.7Billion yuan, growth8.3%, and the expected75Billion yuan very close. Such a growth rate than the industrial low. But from the point of view of overdue loans, only a quarter of the year145.72Billion yuan to191.11Billion yuan,Increased45.38Billion yuan,Than it was last year second half of the year on overdue loans increased39.22Billion yuan,53.65Billion yuan from further deterioration, late adverse than by the beginning of the2.12%A further rise to2.59.This percentage is much higher than other banks,Also with other banks overdue loans which slow down the trend in sharp contrast. It confirms the difficulty of Ping An Bank integration process.

Strange is the market in the first quarter of ignoring the Ping An Bank was the existence of these problems, a quarter increase long-term ahead of other listed banks, perhaps this year, Ping An Bank and the first half of last year rose ahead of the Ningbo bank the same face value regression.

Schedule of Ping An Bank quarter forecasts published error table