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[ faced with the collective slowdown of retail business and the pressure on retail business asset quality, how will the above-mentioned banks adjust their retail business strategies? industry insiders pointed out that it is expected that the quality control of retail credit assets of various banks will still face challenges in the future, among which the non-performing rate, special mention rate and overdue rate of credit may increase slightly quarter by quarter. ]

commercial banks' retail business is shrinking across the board.

in the first half of this year, 11 banks disclosed data related to their retail businesses. the profitability is not optimistic. the profit of 6 banks dropped by more than 50%. ping an bank, citic bank and industrial bank saw a significant slowdown in their retail businesses. their revenue and profit indicators showed a significant decline. among them, the housing mortgage loan business and credit card business, which contributed the highest yield, also showed signs of shrinkage. for the three banks that once had outstanding retail business performance, what should they do next?

retail revenue and profits decline

it is not difficult to find out from the semi-annual reports of listed banks that the retail business of all commercial banks has declined to varying degrees, and this trend has spread to benchmark banks in retail business. as of the end of june this year, excluding china merchants bank, whose retail aum balance reached 14.2 trillion yuan, the retail aum of the above three banks were 448 million yuan, 442 million yuan, and 412 million yuan, respectively, ranking second, third, and fourth among joint-stock banks.

ping an bank, which had a retail business revenue of 52.631 billion yuan last year, saw a sharp drop in revenue from this business in the first half of this year, a sharp drop of 13.54 billion yuan to 39.091 billion yuan, a year-on-year decrease of 25.73%, and the scale has returned to the same period in 2019. when talking about the reasons for the sharp decline in the bank's retail business revenue, ping an bank's management mentioned that this was because the bank took the initiative to abandon hundreds of billions of high-risk retail assets, which had a significant impact on revenue.