Data on major regulatory indicators for the banking and insurance industries in the fourth quarter of 2022
1、 Steady growth in total assets of the banking and insurance industries
At the end of the fourth quarter of 2022, the total domestic and foreign currency assets of China's banking and financial institutions amounted to 379.4 trillion yuan, a year-on-year increase of 10.0%. Among them, the total amount of domestic and foreign currency assets of large commercial banks was 156.3 trillion yuan, accounting for 41.2%, a year-on-year increase of 12.9%; The total amount of domestic and foreign currency assets of joint-stock commercial banks was 66.5 trillion yuan, accounting for 17.5%, a year-on-year increase of 6.9%.
At the end of the fourth quarter of 2022, the total assets of insurance companies were 27.1 trillion yuan, an increase of 2.3 trillion yuan from the beginning of the year and a growth of 9.1% from the beginning of the year. Among them, the total assets of property insurance companies were 2.7 trillion yuan, an increase of 9.0% from the beginning of the year; The total assets of the life insurance company were 23.4 trillion yuan, an increase of 9.3% from the beginning of the year; The total assets of the reinsurance company were 671.9 billion yuan, an increase of 10.9% from the beginning of the year; The total assets of the insurance asset management company were 103.6 billion yuan, an increase of 0.6% from the beginning of the year.
2、 The banking and insurance industries continue to strengthen financial services
At the end of the fourth quarter of 2022, the balance of loans used by banking and financial institutions for small and micro enterprises (including loans for small and micro enterprises, loans for individual businesses, and loans for small and micro enterprise owners) was 59.7 trillion yuan, of which the balance of inclusive small and micro enterprise loans with a total credit limit of 10 million yuan or less per household was 23.6 trillion yuan, a year-on-year growth rate of 23.6%. The balance of loans for affordable housing projects is 6.3 trillion yuan.
In 2022, the original insurance premium income of insurance companies was 4.7 trillion yuan, a year-on-year increase of 4.6%. Compensation and payment expenses amounted to 1.5 trillion yuan, a year-on-year decrease of 0.8%. In 2022, there were 55.4 billion new insured items added, a year-on-year increase of 13.27%.
3、 The overall quality of commercial bank credit assets is stable
At the end of the fourth quarter of 2022, the non-performing loan balance of Commercial Bank 1 (legal representative caliber, the same below) was 3 trillion yuan, a decrease of 8.3 billion yuan from the end of the previous quarter; The non-performing loan ratio of commercial banks was 1.63%, a decrease of 0.02 percentage points from the end of the previous quarter.
At the end of the fourth quarter of 2022, the normal loan balance of commercial banks was 179.7 trillion yuan, of which the normal loan balance was 175.6 trillion yuan and the attention loan balance was 4.1 trillion yuan.
4、 Commercial banks maintain growth in profits and have overall sufficient risk mitigation capabilities
In 2022, commercial banks achieved a cumulative net profit of 2.3 trillion yuan, a year-on-year increase of 5.4%. The average capital profit margin was 9.33%, an increase of 0.01 percentage points from the end of the previous quarter. The average asset profit margin was 0.76%, unchanged from the end of the previous quarter.
At the end of the fourth quarter of 2022, the reserve balance for loan losses of commercial banks was 6.1 trillion yuan, a decrease of 7.9 billion yuan from the end of the previous quarter; The provision coverage ratio is 205.85%, an increase of 0.31 percentage points from the end of the previous quarter; The loan provision ratio was 3.36%, a decrease of 0.05 percentage points from the end of the previous quarter.
At the end of the fourth quarter of 2022, the capital adequacy ratio of commercial banks (excluding foreign bank branches) was 15.17%, an increase of 0.08 percentage points from the end of the previous quarter. The Tier 1 capital adequacy ratio was 12.30%, an increase of 0.10 percentage points from the end of the previous quarter. The core tier one capital adequacy ratio was 10.74%, an increase of 0.10 percentage points from the end of the previous quarter.
5、 Commercial banks maintain stable liquidity levels
At the end of the fourth quarter of 2022, the liquidity coverage ratio of commercial banks was 147.41%, an increase of 4.73 percentage points from the end of the previous quarter; The liquidity ratio was 62.85%, an increase of 1.19 percentage points from the end of the previous quarter; The excess reserve ratio of RMB was 2.05%, an increase of 0.49 percentage points from the end of the previous quarter; The deposit loan ratio (in RMB domestic caliber) was 78.76%, an increase of 0.11 percentage points from the end of the previous quarter.
6、 Insurance industry solvency situation
At the end of the third quarter of 2022, the average comprehensive solvency adequacy ratio of 181 insurance companies included in the review of the Solvency Supervision Committee was 212%, and the average core solvency adequacy ratio was 139.7%; 43 insurance companies have been rated as Class A in comprehensive risk rating, 114 insurance companies have been rated as Class B, 15 insurance companies have been rated as Class C, and 9 insurance companies have been rated as Class D.
Since 2019, Postal Savings Bank of China has been included in the summary criteria of "commercial banks"
According to regulatory regulations, commercial banks should classify loans into five categories based on their level of risk: normal, concerning, subprime, doubtful, and loss. The first two categories are normal loans, while the last three categories are collectively referred to as non-performing loans. In normal loans, focused loans refer to loans where the borrower currently has the ability to repay the loan principal and interest, but there are some factors that may have adverse effects on repayment.
3. The liquidity coverage ratio is the summary data of commercial banks with asset size of over 200 billion yuan.
