Produced by |Finance and Banking Society.
Article |Emerald flowers.
Edit |Five-seven.
In July 1957, Yu Jianfu was born in Dongzhi County, Anhui Province, from the end of the 70s of the last century, Yu Jianfu, who had a lot of business acumen, began to set up a popsicle factory in the village and began to do business.
In 1993, Yu Jianfu founded Anqing Nanxiang ** company, and developed rapidly. After decades of painstaking management, Yu was also listed as the richest man in Anhui by the Forbes rich list in 2006 and the Hurun wealth list in 2009.
In 2011, by Nanxiang Wanshang (Anhui) Logistics Industry Co., Ltd. and more than 10 state-owned and private enterprises jointly established Xin'an Financial Group, Yu Jianfu served as the chairman, and in more than two years set up a number of member companies such as small loans, pawnbroking, information technology, management, financial leasing, financing guarantees, etc.
From the initial idea to the establishment of Xin'an Financial Group, it took only 45 days, gathering many predators in the province, private enterprises and state-owned enterprises, and the intricate capital behind it, which successfully held hands in such a short period of time, and also attracted the attention of the entire market.
Their ultimate goal is to move forward with their dream of founding a "Shin An Bank".
Our goal is to establish Xin'an Bank in 3 years, build the brand of Xinhui businessmen, and strive to develop Xin'an Financial Group into a benchmark for Xinhui businessmen. At the beginning of its establishment, Chairman Yu Jianfu was outspoken about the vision in his heart.
In September 2013, at the 19th meeting of the first board of directors and the 8th extraordinary general meeting of shareholders in 2013, Xinan Financial Group deliberated and unanimously passed the "Proposal on Preparing for the Establishment of Private Banks".
This means that the financial aircraft carrier jointly funded by 12 state-owned and private enterprises in Anhui Province, including Nanxiang Wanshang, Anhui Tong Expressway, and Wuhu Construction Investment, has officially sounded the rallying call to enter the banking industry.
In November 2016, the China Banking Regulatory Commission officially approved the establishment of Xin'an Bank, and the preparatory work of Xin'an Bank also pressed the acceleration button.
But things are not all smooth sailing, according to the original plan, Anhui Xin'an Bank by Anhui Nanxiang ** (Group) ** Anhui Jincainiu Industrial Group *** Hefei Huatai Group shares *** Anhui Zhongchen Investment Holding *** Anhui Lianhua Industrial Co., Ltd. *** and other 5 private enterprises initiated the establishment, respectively holding % of the shares.
But then one of the initiators, Anhui Lianhua Industrial Co., Ltd., decided to withdraw due to the company's own reasons. In response to this situation, after consultation with the remaining 4 promoters, it was decided to reduce the number of promoters from 5 to 4, except for Anhui Lianhua Industrial Co., Ltd., the remaining 4 promoters continued to participate in the preparation, and adjusted the shareholding ratio of some sponsors.
Since the CBRC has set a 30% cap on the shareholding ratio of a single shareholder, this also means that Nanxiang Group, the largest shareholder of Xin'an Bank, can no longer increase its stake in the bank. If the other three promoters split the 9% stake of Lianhua Industrial, the shareholding ratio of the first and second largest shareholders will be very close.
For such a situation, it is normal for shareholders to withdraw, and if a shareholder withdraws, new shareholders can be introduced after being approved by the banking regulatory department, and other shareholders can also increase their holdings without breaking through the limit. However, this will require the withdrawal of the application for opening, because the application will involve a series of resolutions of the promoters' general meeting, at which time the shareholders will have to reconvene.
As a result, the opening of Xin'an Bank will also be postponed indefinitely, just when the half-year preparatory period is about to expire, after the negotiation of the four shareholders, the two major shareholders of Anhui Nanxiang and Jincainiu each hold 30% of the shares, and the remaining two hold 20% of the shares.
In November 2017, in the year of Yu Weifu's 60th birthday, Xin'an Bank also officially opened for business, becoming the first private bank in Anhui and the second in the central regionAs a corporate bank, it has a total registered capital of 2 billion yuan.
It can be said that from the beginning of its establishment, the fate of Xin'an Bank has been closely related to the development of major shareholders, according to Xin'an Bank's 2018 annual report, the bank's single-customer loan concentration in 2018 was 980%, the regulatory standard value shall not exceed 10%, and the credit concentration of a single group customer is 1467%, and the regulatory standard value shall not exceed 15%.
Different from the operation model of traditional banks, Xin'an Bank takes the route of "small but fine" and is committed to building an AI-powered sustainable bank. In 2022, it will create an industry miracle with only 94 employees and a per capita net profit of 1.67 million yuan.
However, it is regrettable that Xin'an Bank, which is positioned as a technology-based bank, has always hoped to introduce large institutions in the Internet industry as a strategic investment, but has never made substantial progress.
According to the 2022 financial report, as of the end of December 2022, the total assets of Xin'an Bank were 2105.3 billion yuan, an increase of 25 over the beginning of the year5.2 billion yuan;The balance of various deposits is 1251.8 billion yuan, a decrease of 17 from the beginning of the year6.2 billion yuan;The balance of various loans is 1046.5 billion yuan, an increase of 4 over the beginning of the year6.8 billion yuan. In 2022, the total operating income will be 88.9 billion yuan and net profit of 15.7 billion yuan, a year-on-year increase. 78%。
At the same time, as of the end of the reporting period, Nanxiang Group pledged a total of 289.5 billion shares, accounting for 14 percent of the total equity of Xin'an Bank48%；Jincainiu Group pledged a total of 2 shares89.5 billion shares, accounting for 14 percent of the total equity of Xin'an Bank48%；Zhongchen Group pledged a total of 19.5 billion shares, accounting for 9 percent of the total equity of Xin'an Bank75%, three of the four shareholders pledged a total of 77.4 billion shares, accounting for 38 percent of the total equity of Xin'an Bank70%。
In addition, Nanxiang Group's customer credit balance is 27.4 billion yuan, accounting for 11 percent of capital08%；Jincainiu Group customer credit balance 2700 million yuan, accounting for 10 percent of the capital92%；Zhongchen Group's customer credit balance is 1800 million yuan, accounting for 7 percent of the capital28%。
In this regard, Xin'an Bank pointed out in its annual report that the bank's credit balance to all related parties accounted for 2932%, in line with the regulatory requirement that all relevance should not exceed 50% of net capital.
It can be seen that Xin'an Bank is very dependent on shareholders, and at the same time, because of the relatively high proportion of related credit, there are certain risks.
Recently, the WeChat mini-program of "Xin'an Bank" shows that the bank has launched a "special deposit": 3-month annual interest rate of 39%, save for 6 months40%；The annual interest rate of the two-year lump sum deposit is 40%, the annual interest rate of the three-year lump sum deposit and withdrawal is 41%。
In addition, Xin'an Bank also gives 2% interest rate hike coupons to new channel accounts, but the conditions for the use of the interest rate hike coupons are a minimum deposit amount of 50,000 yuan, and the interest rate hike period is only 40 days, and the use of 2% interest rate hike coupons can be safely deposited for 3 months and 6 months with peace of mind. This also means that in the case of using interest rate hike coupons, the peace of mind of Xin'an Bank can be deposited for 6 months, and the annual interest rate can reach up to 60%。
Currently, the central bank's benchmark interest rate is 1-year maturity 275%, among many commercial banks, only Haixia Bank has a 3-year interest rate of 385%, and other banks generally fluctuate around 3%.
Today, when the interest rate of the banking industry is generally declining, Xin'an Bank has opened such a high interest rate, which cannot help but make people sigh that the activity of high absorption and accumulation of savings is so strong that it is unique in the industry.
As of the end of 2022, Xin'an Bank's total assets are the second lowest among the 19 private banks, and its operating income ranks last, while the non-performing rate is 155% and the provision coverage ratio was only 16832%, slightly higher than the regulatory requirement.
In the face of 6% high interest rate, do you dare to save?