HZBank(600926)2024-11-21 08:52Group 1: Investor Relations Activities - The investor relations activity was a targeted research event involving various financial institutions [2] - Participants included major firms such as Industrial Securities, Taibao Asset, and others [2] - The event took place in early November 2024 at the headquarters of Hangzhou Bank [2] Group 2: Mortgage Loan Performance - The bank's mortgage loan acceptance volume increased by over 50% compared to September, driven by favorable housing loan policies [2] - Early repayment of loans has improved significantly compared to the same period last year due to reduced repayment burdens from lower interest rates [2] Group 3: Credit Supply and Project Reserves - The bank's credit supply for corporate clients is expected to be similar to last year, with a focus on infrastructure sectors such as transportation, water conservancy, and energy [2] - There is a substantial credit reserve for manufacturing, technology finance, and small and medium enterprises [2] Group 4: Net Interest Margin Outlook - The bank's net interest margin is expected to stabilize in the short term, but there may be downward pressure next year due to lower lending rates and adjustments in existing loan rates [4] - Strategies will include increasing high-yield loans to small and medium enterprises to mitigate the decline in net interest margin [4] Group 5: Asset Quality Trends - As of the end of September, the retail loan balance was CNY 144.9 billion, with a non-performing loan ratio below 0.30% [4] - Real estate loans accounted for approximately 3.9% of the total loan portfolio, indicating a relatively low exposure [4] - The bank has classified certain real estate loans as higher risk but expects improvements due to government policies aimed at stabilizing the real estate market [4]