BANK OF QINGDAO(002948)2023-06-02 12:12Group 1: Credit and Loan Performance - In 2023, Qingdao Bank's corporate loan total reached 14.763 billion CNY, reflecting a growth of 7.55% compared to the end of 2022 [2] - The bank's strategy focuses on "high-quality development and prioritizing efficiency," leading to increased credit issuance and product innovation [2] - The bank aims to enhance credit support for projects with good comprehensive returns and long-term development prospects, particularly in green economy, inclusive small and micro enterprises, agriculture, and technology finance [2] Group 2: Business Diversification and Licenses - Qingdao Bank is the first city commercial bank in Shandong Province to obtain a fund custody license, becoming the ninth city commercial bank in China to receive this qualification [3] - The bank has established subsidiaries, Qingyin Financial Leasing and Qingyin Wealth Management, to diversify its operations [3] - The bank plans to leverage its diverse business licenses to enhance comprehensive financial service capabilities and contribute to regional economic development [3] Group 3: Fee Income and Growth - In Q1 2023, the bank's net fee and commission income was 475 million CNY, an increase of 63 million CNY, representing a growth rate of 15.17% year-on-year [3] - The growth in fee income is driven by the steady increase in wealth management product scale and improvements in insurance sales, trade settlement, guarantee letters, and credit card services [3] - The bank's recent acquisition of a securities investment fund custody qualification is expected to further boost fee income in the future [3]