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This year's A-share listed bank's earnings season, the credit card business has become one of the stars in the retail banking business with its excellent financial data.
Credit card ushered in the era of profit! 2.6 credit cards per person, Pos machine is sold as standard!
Credit card ushered in the era of profit! 2.6 credit cards per person, Pos machine is sold as standard!
Revenue data shows that banks have reduced their income from entrusted wealth management and bond underwriting due to stricter regulatory policies and market volatility last year. However, such as the increase in handling fees and commission income after the expansion of consumer financial performance and credit card business, Even to some extent, it has filled the income gap caused by the decline in the scale of financial management.
Credit card ushered in the era of profit?
According to the central bank's statistics, an average of 0.39 people in 2017 will have a credit card, that is, at least 2.6 credit cards. Since December 2016, the per-capita holdings of bank credit cards have steadily increased quarter by quarter. The amount of credit cards is rising, and the amount of cards used, the amount of transactions, and the income generated by the fees are also expanding.
For example, Ping An Bank and China Merchants Bank, which have announced the 2017 financial results of A-shares, have shown their outstanding performance in the credit card business in the two banks that have always been at the forefront of the national stock market in retail banking.
In 2017, the total amount of CMB's credit card exceeded 100 million for the first time, while the card revenue exceeded 50 billion yuan; Ping An Bank's net fee and commission income was 30.674 billion yuan, up 10.10% year-on-year, mainly from the credit card business; The Shanghai Pudong Development Bank, its credit card center recently announced the report: in 2018, only 63 days of credit card business revenue broke 10 billion yuan.
The traditional credit card business relies on offline promotion channels, and the cost of personnel team and card manufacturing is not low, but it may not bring high-speed growth in revenue. However, credit cards have always been valued by banks as a way for banks to reach out to a wide range of users and to jointly promote other public and private businesses. In 2017, the number of new cards issued by Ping An Bank increased by 80% year-on-year, while the fee and commission expenses brought by the increase in credit card issuance and transaction volume increased by 46.41% year-on-year, and spent 5.051 billion yuan.
Regardless of the amount of credit card issued, the amount of accounts receivable, the volume of transactions, or the business income, business income is observed in the proportion of bank retail business revenue. At the end of 2015, the credit card business of banks, especially joint-stock commercial banks, began to break out. Growth.
The outstanding performance of the Shanghai Pudong Development Bank credit card, the credit card business income and accounts receivable in the past two years, almost doubled in one year. At the end of 2015, credit card receivables exceeded 100 billion for the first time. At the end of the year, credit card business revenue doubled year-on-year, surpassing 10 billion for the first time, reaching 10.581 billion yuan. Then, at the end of 2016, it broke through 20 billion yuan again to obtain 216. 100 million yuan in income.
China Merchants Bank, which is involved in credit cards earlier in the national joint-stock bank, has also started to increase its revenue from credit card business at a high rate of nearly 10 billion yuan per year since the end of 2014. In 2016, China Merchants Bank relied on the advantages of retail business, resulting in net fee and commission income second only to the four major banks, while the fee and commission income accounted for only third in the industry after Minsheng Bank and China Everbright Bank.
Credit card installment interest income counterattack
The income structure of bank credit cards mainly comes from three aspects: interest income, credit card rebates and annual fee income.
However, in order to attract customers and encourage consumption, most bank credit cards have accumulated annual fee reductions for credit card spending, which accounted for a relatively small portion of the revenue; in addition, there are some user credit card withdrawal fees, overdue late fees, excess overdraft fines, etc., but The proportion of total income is very small, and it is not here for the time being.
Interest income: When the user uses the minimum repayment of the credit card (corresponding to “full repaymentâ€), the bank will accept the interest on the remaining unpaid portion, which is generally 0.05%/day, which is the main income of the credit card. source. However, because China's consumption habits are relatively conservative, most people are still accustomed to full repayment.
Interest income from consumer credit: A number of bank credit cards have been vigorously developing innovative consumer credit products in recent years. The risk and quota of user big data calculations accumulated in the background have been evaluated and promoted online through credit card clients.
Credit card rebate income: After the user uses the credit card to swipe the order in the consumer's place, the merchant's payment must be paid to the bank. Among them, UnionPay and the bank credit card will deduct some commission fees. Under normal circumstances, the commission rate (handling rate) paid by Chinese credit card merchants to the issuing bank accounts for about 0.7%-1.5% of the transaction amount, and the commission rate for overseas credit card consumption will be higher. The high penetration rate of convenient payment channels such as cross-channel, online APP, Alipay and WeChat Tenpay has also stimulated credit card swipe commissions and merchant installment revenue growth.