Photo/VCG

Digital transformation has become an important driving force for innovation and development of listed banks.

As the digital transformation of listed banks enters a deep phase, they not only increase their investment in information technology in 2022, but also use digital thinking to reshape customers, channels, businesses, products, management, and other aspects, strengthen the integration of technology and business, and carry out agile organizational restructuring.

The annual reports of 11 listed banks that invested more than 5 billion yuan in information technology in 2022 were reviewed, providing a glimpse into the current situation of digital transformation in banks.

Seven banks invested over 10 billion yuan in information technology in 2022, with Industrial and Commercial Bank of China (ICBC) investing the highest amount of 26.224 billion yuan, a year-on-year increase of 0.91%, which is basically the same as in 2021.

China Construction Bank and Agricultural Bank of China invested similar amounts, with 23.29 billion yuan and 23.211 billion yuan respectively, ranking second and third.

Bank of China invested 21.541 billion yuan in information technology in 2022, ranking fourth, with a year-on-year increase of 15.7%.

In addition to the six major banks, China Merchants Bank invested 14.168 billion yuan in information technology last year, ranking fifth, with a year-on-year increase of 6.6%.

Bank of Communications had the highest year-on-year increase in financial technology investment in 2022, reaching 11.631 billion yuan, an increase of 32.93%. Postal Savings Bank of China invested 10.652 billion yuan in information technology, a year-on-year increase of 6.2%.

In addition, CITIC Bank, Industrial Bank, Ping An Bank, and Everbright Bank invested 8.749 billion yuan, 8.251 billion yuan, 6.929 billion yuan, and 6.127 billion yuan in information technology in 2022, respectively, with year-on-year growth rates of 16.08%, 29.65%, -6.15%, and 5.89%.