Due to the tightening of supervision and the exposure of credit risks of some assets, the growth rate of credit card loans of many listed banks in the first half of 219 dropped significantly. At the same time, among the eight listed banks that released credit card asset data, the NPL ratio of seven banks in this field increased. Analysts believe that this is related to the consumption of debt and macroeconomic fluctuations.
Jiang Chao, chief economist of Haitong Securities (6837), said that on the one hand, the quality of credit card loans is related to the explosion of P2P and other online lending platforms since last year, and on the other hand, due to the tight overall credit last year, it is difficult to pay the part behind the credit card with poor qualifications and weak ability to obtain credit resources. Especially in 217, China's credit card business expanded rapidly, and the increase in card issuance was accompanied by a certain decline in customer qualifications, which increased the proportion of this part of the borrowers with poor qualifications.
However, he stressed that China's credit card loans have developed rapidly in recent years. Compared with international experience, China's credit card indicators are still at a relatively safe level.
The overall growth rate shows a contraction trend
Specifically, the growth rate of card issuance and overdraft amount of big banks has obviously slowed down, and only the Agricultural Bank of China issued more than 1 million cards in the first half of the year. As for other banks, the number of registered credit cards (including quasi-credit cards) of Bank of Communications in China was 71.47 million, a decrease of 8, in the first half of the year; The accumulated consumption in the first half of the year was about 142 million yuan, down 2.9% year-on-year; The overdraft balance was 454.677 billion yuan, down 1% from the end of last year. In the first half of the year, ICBC issued 3.45 million new cards, and the credit card overdraft was 628.173 billion yuan, a slight increase of .27% over the end of last year. In the first half of the year, CCB and BOC issued 6.6 million cards and 7.67 million cards respectively, and the credit card overdrafts were 672.148 billion yuan and 457.676 billion yuan respectively, increasing by 3.19% and 7.35% respectively.
In terms of the whole industry, the "General Situation of Payment System Operation in the Second Quarter of 219" recently released by the central bank shows that as of the end of the first half of 219, the credit balance of bank cards including credit cards and debit-credit cards was 7.23 trillion yuan, an increase of 5.55% compared with 6.85 trillion yuan at the beginning of the year. In 218, the annual growth rate of the credit balance of bank cards reached 23.33%. The balance of credit card loans has rapidly increased from less than .25 trillion yuan at the end of 29 to 6.26 trillion yuan at the end of June 218, with an average year-on-year growth rate of 5%.
When talking about the reasons, Wang Jianzhong, vice president of China Merchants Bank (636), said that the growth rate of China Merchants Bank's credit cards was slightly slower, but it achieved the expected goal, because China Merchants Bank took the initiative to appropriately control the growth of credit cards from the fourth quarter of last year based on the risk situation.
the non-performing rate has increased
the growth rate of credit card scale has shrunk, which is partly related to the active adjustment of banks, but also influenced by factors such as rising risks.
According to the General Situation of Payment System Operation in the Second Quarter of 219, the total outstanding credit of credit cards overdue for half a year exceeded 8 billion yuan, reaching 83.884 billion yuan, up 5.19% from the previous month, accounting for 1.17% of the credit balance of credit cards. In fact, this phenomenon began to be exposed in the fourth quarter of last year, and many banks adjusted the income structure of credit card business and controlled the increase of credit card loans based on this.
For different banks, the non-performing rate of credit card overdraft of Bank of Communications was 2.49%, which was .97 percentage points higher than the end of last year. The non-performing rate of credit card loans was 2.38%, an increase of .57 percentage points over the end of last year. The credit card non-performing rate of Shanghai Pudong Development Bank (6,) also increased rapidly, and the bank's credit card transaction volume was 1.4 trillion yuan, a year-on-year increase of 25.69%; The total income of credit card business was 28.299 billion yuan, up 2.49% year-on-year; The non-performing rate of credit card loans was 2.38%, an increase of .57 percentage points over the end of last year.
To explore the reasons behind it, "* * * debt" has been mentioned many times in the interim reports of many banks.
"Affected by external factors such as uncertainties in the international and domestic economic and financial situation and rising debt risks, the risks of the whole consumer finance industry have increased, but the overall risk performance has remained at a relatively low level." Ping An Bank (1) said that since the end of 217, the bank has adjusted its risk policy ahead of schedule, focusing on preventing the risk of * * * debt. At the same time, it has taken measures such as quota control and prudent credit granting for customers in * * * debt, high debt and high-risk areas, effectively controlling and reducing the proportion of high-risk customers, and the asset quality of newly issued business has steadily improved. It is expected that the optimization effect of these control measures will gradually emerge in the second half of 219.
The only decline in credit card non-performing rate is CITIC Bank (61998). The bank's credit card non-performing loan balance was 8.678 billion yuan, with a non-performing rate of 1.74%, down .11 percentage points from the end of last year. However, the bank still mentioned in the interim report that "the risk of credit card business has increased due to the superposition of two factors".
since 218, the number of market lenders such as cash loans, Internet consumer loans and P2P platforms has been increasing, and the debt risks have been gathering, and the asset quality of the market * * * debt customers has fluctuated obviously, and such risks have a tendency to be transmitted to the credit card industry. At the same time, with the continuous adjustment of industrial structure, the employment and income stability of employees in some regions and industries have been affected to some extent, resulting in the reduction of repayment ability and willingness of some customers.
supervision pays attention to credit card risks
in view of various risks in credit card business, supervision has begun to be strengthened. Not long ago, the Beijing Banking Insurance Regulatory Bureau issued the "Regulatory Opinions on Strengthening Risk Prevention and Control of Bank Cards" (hereinafter referred to as "Opinions"), and five of the 13 measures were directed at the credit card business, which shows the degree of attention.
The Opinions point out that banks within their jurisdiction should strengthen the monitoring of the capital flow of large credit card overdrafts and cash installment business, and ensure that personal credit card overdrafts are used in consumption areas, and not in non-consumption areas such as production and operation, house purchase and investment; At the same time, we will strengthen the analysis of the characteristics of new cash-out risks, such as small-sum multiple-cash-out repayment of credit cards and overseas cash-out, and take effective measures to prevent risks such as delayed exposure of credit risks, debt risks gathering in banks and cross-border money laundering.
in terms of strengthening credit line management, the opinions stated that banks within their jurisdiction should check the credit line of customers at least once a year, and at the same time reasonably set the frequency, validity period and time interval of temporary line increase, and a single temporary line increase should not exceed one billing cycle. In this regard, a person from the Beijing Banking Insurance Regulatory Bureau said that this requirement is mainly to prevent the problem of raising the temporary quota for a single time for too long and raising the temporary quota several times in a row.
Prior to this, the Shanghai Banking Insurance Regulatory Bureau issued seven tickets related to credit card business in July, all of which were related to "failure to comply with the total credit line management system".
Some local regulators told reporters that the supervision of credit cards has been strengthened, on the one hand, to prevent funds such as credit cards from illegally flowing to other fields, on the other hand, to guard against the risk of * * * debt and push up the leverage ratio of residents.
In this regard, Guangdong Banking Insurance Regulatory Bureau reminds individual consumers: First, personal data should not be easily disclosed to strangers to prevent illegal use; The second is to use cards correctly and spend rationally to avoid repayment disputes; Third, if you have questions about bank card accounts, you should communicate through official channels; Fourth, disputes should be defended through formal channels.