China ** newspaper reporter Yishan.
Less than a year after the transfer of equity, Bank of Beijing made another move and planned to increase its capital by 2 billion yuan to its subsidiary, Beiyin Financial Leasing.
In this regard, Bank of Beijing said that it is to help Beijing Bank Financial Leasing improve its risk resilience, break through the bottleneck of business development, and achieve sustainable development.
It is understood that Beiyin Financial Leasing, established in January 2014, is a financial leasing company initiated and established by Bank of Beijing, and is also the first financial leasing company initiated and established by a city commercial bank in China. As of the end of September 2023, the total assets of Beijing Bank Financial Leasing were 5144 billion yuan.
It is planned to increase the capital by 2 billion yuan
Bank of Beijing said that since its establishment, Beijing Bank Financial Leasing has maintained a good development trend of steady growth in asset scale and steady improvement in profitability. However, under the influence of factors such as the overall economic environment and the intensification of competition in the financial leasing market, the capital replenishment of Beijing Bank Financial Leasing is imminent. In order to help Beijing Bank Financial Leasing improve its risk resilience, break through the bottleneck of business development and achieve sustainable development, Bank of Beijing plans to increase its capital by RMB 2 billion to Beijing Bank Financial Leasing.
On December 5, Bank of Beijing held the eighth meeting of the board of directors in 2023, at which the "Proposal on the Capital Increase of Bank of Beijing Financial Leasing Involving Related Party Transactions" was passed, and it was agreed to increase the capital of Bank of Beijing Financial Leasing by 2 billion yuan.
In the announcement of the relevant related party transactions, Bank of Beijing stated that the capital increase will be subject to the final appraisal ** issued by a third-party appraisal agency after the shareholders negotiate and confirm the appraisal benchmark date. In addition, the pricing is carried out in strict accordance with the procedures prescribed by laws and regulations, and the pricing is reasonable and fair, in line with the relevant laws and regulations of the regulatory authorities and the relevant regulations on the management of related party transactions of the bank, and the approval process is in line with the requirements of the bank's internal control system. There is no significant impact on the normal business activities and financial condition of the bank.
It is understood that on April 6 this year, the board of directors of the bank has deliberated and agreed to give a credit line of 14.4 billion yuan to Beijing Bank Gold Leasing, and the total amount of the capital increase of 2 billion yuan has reached 16.4 billion yuan, which is more than 5% of the latest audited net assets of Bank of Beijing.
In addition, the transaction is subject to the approval of the shareholders' meeting and regulatory approval.
At the beginning of the year, part of the equity was transferred
It is worth noting that in February this year, Bank of Beijing just obtained regulatory approval to acquire the Beiyin Gold Leasing 17. held by Beijing Crescent United Automobile Company74% equity. After the change of equity, Bank of Beijing contributed 25500 million yuan, and the shareholding ratio increased to 8226%。Crescent United Motor withdrew from the list of shareholders.
According to the data, Beiyin Financial Leasing was established in January 2014, approved by the former China Banking Regulatory Commission, and is a financial leasing company initiated and established by Bank of Beijing, and is also the first financial leasing company initiated and established by a city commercial bank in China. The main business is financial leasing business, the controlling shareholder is Bank of Beijing, and the main shareholders include Bank of Beijing and Lygend Investment, with a registered capital of 3.1 billion yuan.
Over the past nine years since its establishment, Beijing Bank Financial Leasing has actively expanded its business, with a cumulative investment of more than 172 billion yuan, a cumulative revenue of more than 20 billion yuan, and a cumulative net profit of more than 2.9 billion yuan, and its operating performance has maintained a stable growth trend. As of the end of September 2023, the total assets of Beijing Bank Financial Leasing were 5144 billion yuan, operating income of 102.4 billion yuan, with a total profit of 46.2 billion yuan, net profit of 34.7 billion yuan, capital return rate of 857% and a capital adequacy ratio of 1096%, non-performing loan ratio 113%。
In terms of Bank of Beijing, in the first three quarters of this year, Bank of Beijing achieved revenue of 4973.9 billion yuan, down 321%；Net profit 2023.3 billion yuan, a year-on-year increase of 45%。Total assets at the end of the period367 trillion yuan, an increase of 8 compared with the end of the previous year4%。
A number of financial leasing companies have been "replenished".
According to the list of legal persons of banking financial institutions disclosed by the State Administration of Financial Regulation, as of the end of June 2023, there are 71 financial leasing companies in China. From the perspective of equity structure, nearly seventy percent of the financial leasing companies are wholly owned by banks or participate in the shareholding.
In recent years, in order to enhance the strength and risk resistance of financial leasing companies, a number of banking shareholders have intensively transfused blood to their financial leasing companies.
In September this year, Xiamen Bank announced that it planned to invest 22.5 billion yuan to participate in the holding subsidiary Fujian Haixi Financial Leasing Co., Ltd. 300 million yuan capital increase, after the completion of the capital increase, Xiamen Bank shareholding ratio will be 6975% to 7049%。
In February this year, Shanghai Rural Commercial Bank was allowed to increase its holdings of 80 million shares of Changjiang United Financial Leasing Company, with an investment amount of 99.45 million yuan. After the completion of the increase, the number of shares held by the bank increased from 12500 million shares increased to 13300 million shares, with a shareholding ratio of 5102% rose to 5429%。
In December last year, Bank of Suzhou announced that the bank's board of directors agreed to the private placement of 22.7 billion shares, raising 340.5 billion yuan. After the completion of the capital increase, the shareholding ratio of Bank of Suzhou will increase from 5627% to 6008%。
Editor: Captain Review: Xu Wen.