In the past year, the proportion of new customers of online commercial banks has exceeded 80%, and a large number of small and micro operators who have never obtained operating loans before have begun to enjoy the convenience of digital finance. In the past year, MYbank has focused on supporting counties and western regions, and its business growth rate has been significantly higher than that in cities and eastern regions, becoming a useful supplement to inclusive finance.
"Supplementers" Positioning Force The western and county levels have grown significantly
The data shows that the growth rate of MYbank's business in the county and western regions is significantly higher than that in the cities and eastern regions. By the end of 2021, MYbank has served a total of 20 million county-level small and micro operators and farmers, and the increase in the number of county-level customers is 7.4% higher than that of urban customers, and the increase in loan amount in that year is 17.4%; the growth rate of western customers is also 14% higher than that in the east, and the increase in loan amount is 32% higher. It can be seen that the efforts of online commercial banks in the "weak areas" in the past year have been more obvious.
Cooperation with the county government is an important means for the development of county digital finance by the online business bank, at present, more than 1,000 agriculture-related counties and districts in the country have reached cooperation with the online business bank on digital inclusive finance, accounting for nearly half of the total number of counties in the country, the online business bank through digital technology, for the county farmers to establish an exclusive digital risk control model, so that rural users have a more suitable credit line, and the growth rate of digital loans in the cooperative counties and districts is higher than the average growth rate of the county, accelerating the in-depth coverage of digital credit in the county and rural areas.
From the perspective of user habits, in 2021, the average loan duration of small and micro users of online business banks is about three months, more than 70% of the loan interest expense is not higher than 100 yuan, and the overall interest rate of inclusive small and micro loans has declined for 4 consecutive years, effectively meeting the needs of small and micro operators for "short, small, frequent and urgent". Due to the small overlap with most commercial bank users, it fills the "blank market" of small and micro finance and assumes the role of "supplementer".
Increase investment in science and technology 600,000 large growers have been supported by the big
In the process of exerting efforts in counties and rural areas, MYbank has increased its investment in technology. In 2021, MYbank's investment in information technology increased by 59% year-on-year. At the same time, we will continue to increase the attraction of high-quality scientific and technological talents, and the proportion of scientific and technological personnel will account for more than 60% in 2021.
According to the annual report, the online business bank will further expand the application scope and depth of its rural financial risk control system big in 2021, commercial for more than a year, and has now covered 28 provinces, municipalities and autonomous regions across the country, and through deep learning and graph neural networks, the recognition scope has been expanded to more than 20 kinds of staple grains, and overcome the identification problem of cash crops such as apples and kiwifruit, so more than 600,000 large growers have received credit funds.
In the excellent case of new technologies, new products and new models of agricultural and rural areas announced by the Ministry of Agriculture and Rural Affairs in 2021, the satellite remote sensing agricultural assistance program of MYbank was selected; the semantic segmentation algorithm used by Big ranked first in the list of international semantic segmentation cityscapes for the first consecutive year.
For the future strategy, Jin Xiaolong, chairman of MYbank, said in his annual report speech that in the future, MYbank will strengthen the leadership of ESG governance, continue to work along the development direction of inclusive banking, transaction banking and open banking, and at the same time, will adhere to the strategy of rural revitalization, deeply cultivate rural digital inclusive finance, continue to deepen government-bank cooperation, vigorously develop science and technology to help farmers, and expand the coverage of digital credit services.