2016 年度业绩发布 Introduction to 2016 Annual Results 31 March 2017
Disclaimer This information was prepared by the China Everbright Bank ("CEB" or the “Bank"), without being independently verified. This document has not expressed or implied any representation or warranty, and you shall not rely on any forward- looking or outlook type of language contained within. The Bank and any of its affiliates, advisors or representatives will not bear any responsibility for any loss caused in any manner as a result of any information expressed or contained within this document. 1
Contents 1 2016 operating performance review n Rapid increase in assets and liabilities n Business structure further optimized n Steady improvements of profitability n Overall risks kept under control n Capital further replenished n Progress made in IT innovations Faster channel building onshore and offshore n 2 2016 business development n Rapid corporate banking business growth n Robust retail banking business growth n Steady treasury business growth n Increasing contribution driven by featured businesses n Strengthened brand recognition with increasing market influence 3 2017 outlook n Opportunities and challenges n Development strategies 2
Financial overview Balance sheet summary Income statement summary End of End of End of (RMB million) (RMB million) 2014 2015 2016 2014 2015 2016 Total assets 2,737,010 3,167,710 4,020,042 Operating income 78,531 93,159 94,037 Total loans and 1,299,455 1,513,543 1,795,278 Net interest income 66,459 65,288 advances 58,259 Total liabilities 2,943,663 3,768,974 Net fee and 2,557,527 26,301 28,112 19,157 commission income Deposits from 1,785,337 1,993,843 2,120,887 customers Operating profit 38,554 39,358 40,180 Equity attributable to equity shareholders of 178,975 223,493 250,455 Net profit 28,928 29,577 30,388 the Bank Non-performing loan Net profit attributable to 1.19% 1.61% 1.60% ratio equity shareholders of the 28,883 29,528 30,329 Provision coverage Bank 180.52% 156.39% 152.02% ratio ROAA 1.12% 1.00% 0.85% Core tier-1 CAR 9.34% 9.24% 8.21% ROAE 17.36% 15.50% 13.80% Tier-1 CAR 9.34% 10.15% 9.34% Cost/income ratio 29.82% 26.91% 28.77% CAR 11.21% 11.87% 10.80% 3
Contents 1 2016 operating performance review n Rapid increase in assets and liabilities n Business structure further optimized n Steady improvements of profitability n Overall risks kept under control n Capital further replenished n Progress made in IT innovations n Faster channel building onshore and offshore 4
Rapid increase in assets and liabilities Total assets Total liabilities RMB billion RMB billion 21.40% CAGR 21.19% CAGR +28.04% +26.91% Total loans Total deposits RMB billion RMB billion 8.99% CAGR 17.54% CAGR +6.37% % 6 1 . 1 8 + 5
Business structure further optimized Proportion of loans to industries with overcapacity 1 Retail loans contribution Balance of core corporate deposits and core Daily average balance of demand deposits and deposits from retail customers customer deposits 2 CAGR 15.89% for daily average balance of demand deposit RMB billion 14.96% CAGR for balance of core corporate deposits 9.83% CAGR for balance of core deposits from retail customers +12.70% Note 1. Industries with overcapacity include steel, coal, cement, plate glass, electrolytic aluminum and shipbuilding. 2. Customer deposits include corporate and retail customer deposits 6
Overall risks kept under control Key risk index Risk control measures The Bank strengthened overall risk management, reinforced internal End of End of Regulatory compliance construction, various risks kept under control in general 2016 2015 requirement – Improved risk management system • Roles and responsibilities were well defined with enhanced Ratio of special- comprehensive risk management throughout the process and involving mentioned 3.78% 4.39% all people concerned loans • Further enhanced building of three lines of defense • Business risk management system was adjusted and improved in Asset Non-performing respect of the financial market 1.60% 1.61% ≤ 5% quality loan ratio – Improved credit risk management • Active efforts were made to promote credit structure adjustments by making good use of the incremental fund and dormant fund Provision 152.02% 156.39% ≥150% • Improved the credit review and approval process and promote system coverage ratio of specialized credit review staff for corporate customers • Developed a credit risk alarming system to enhance control over key Liquidity ratio links of lending business 63.18% 54.90% ≥ 25% (RMB) • Enhanced asset quality review management to cover the whole cycle and process of all assets Liquidity ratio – Strict liquidity risk and market risk management Liquidity (foreign 78.81% 98.87% ≥ 25% • Enhanced pressure testing and application of the results, adjusted and currency) controlled asset growth in a timely way, dynamically adjusted limitation on liquidity risks and strictly controlled liquidity risk in the industry Liquidity • Closely followed economic and financial conditions at home and 86.56% 84.78% ≥ 80% coverage ratio abroad, changes in policies and market conditions, enhanced analysis, research and pre-judgement, prudently managed market risk – Enhanced operational and compliance risk management Loan exposure to single largest 2.37% 2.38% • During the looking-back stage of the industry’s special inspection ≤ 10% campaign to “strengthen internal management and control, to customer Risk strengthen the external supervision, to curb illegal operation, to curb concentration crime”, inspection was enhanced over key fields and areas of Loan exposure weakness to facilitate effective rectification to top ten 14.62% 11.86% ≤ 50% • Sorted out key points for better internal control and management of customers community-level network outlets 8
Capital further replenished Capital Adequacy Ratio Capital Replenishment Measures % Organic capital replenishment – Improve profitability – Stick to development of capital-light businesses External capital replenishment – In August 2016, we completed the second batch preference share offering in an amount of RMB10 billion – In June 2016, the Bank's SGM approved public offering of 30 billion A-share convertible corporate bonds and the listing proposal – In November 2016, the Bank's EGM approved motion of offering not more than RMB40 billion tier 2 capital bonds – In March 2017, the Bank completed the offer of 28 billion tier 2 capital bonds and 30 billion convertible Capital adequacy Core tier-1 capital Tier-1 capital bonds adequacy ratio adequacy ratio ratio 9
Aggressive IT Innovation Accelerate technology innovation Proactive innovative through adoption of new technology technology mechanism establishment Completed the establishment of key systems including new generation custody, unified corporate customers quota, mobile payment, internet credit, overseas core, overseas trading funds, phase II asset management system, and RMB cross-border payment Continually facilitated the application of new technologies including cloud computing, big data and block chain Development of intermediate business cloud platform and cash management cloud platform, and construction of large data application and development platform Development of block chain technology-based charitable donation platform Introduction of face recognition, speed of light observation, health insurance mobile payment platform, staff GWC and other innovative projects CBRC IT risk management studies The PBOC Technology Development Award 10
Faster channel building onshore and offshore Establishment of multiple new Accelerate establishment of Full coverage in domestic China branches in 2016 overseas presence Has set up 1,119 branches in 115 In 2016, 72 branches, including There are 2 offshore institutions, economic center cities across 30 one 1st level branch, eight 2nd Hong Kong branch and Seoul provinces, autonomous regions level branches and 63 operation branch respectively. Currently, and municipalities branches, were established Hong Kong branch, Seoul branch Branch network covers major In 2016, continued establishment and Everbright International are in domestic cities including Beijing, of domestic institutions. Xining operation Shanghai, Tianjin, Chongqing, level 1 branch received Accelerated the establishment of Shijiazhuang, Taiyuan, Hohhot, qualification for operation; opening overseas presence in 2016 with Dalian, Shenyang, Changchun, of eight level 2 branches in Europe and Luxembourg branch Heilongjiang, Nanjing, Suzhou, Baoding, Zhenjiang, Ganzhou, receiving CBRC’s approval for Wuxi, Hangzhou, Ningbo, Hefei, Rizhao, Huanggang, Yiyang, preparation for construction. Fuzhou, Xiamen, Nanchang, Xiamen area of China (Fujian) Jinan, Qingdao, Yantai, Pilot Free Trade Zone and Zhengzhou, Wuhan, Changsha, Qianhai Shenzhen of China Guangzhou, Shenzhen, Nanning, (Guangdong) Pilot Free Trade Haikou, Chengdu, Kunming, Xi'an, Zone; opening of 63 operation Urumqi, Guiyang, Lanzhou, branches Yinchuan, Xining, etc Lhasa branch is under preparation 11
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