Zheshang Bank has been active in its promotional activities recently.
According to Zhejiang News on December 12, the Zheshang Bank Science and Technology Financial Services Conference was held in Hangzhou, Zhejiang. This is the fourth activity of the bank's recent "Implementing the Spirit of the Financial Work Conference and Practicing Rare Finance". The press conference focused on the new ecology of science and technology financial services "for good", launched a full-picture service plan for new science and technology enterprises, officially released the science and technology innovation credit loan, jointly released the talent financial ecological index with Zhejiang University, and established the "science and technology financial service ecosystem" alliance to jointly build a science and technology financial service ecosystem, and effectively help the construction of a financial power with financial support for new technology, new tracks and new markets.
On December 1, Zheshang Bank announced that the board of directors had recently received the resignation report of Mr. Jiang Rong, the chief audit officer. On the same day, Zheshang Bank announced that it had received the "Reply of the State Administration of Financial Supervision and Administration on the Qualifications of Lin Jingran of Zheshang Bank" (Jin Fu 2023 No. 477). In accordance with the relevant regulations, the State Administration of Financial Supervision and Administration has approved Mr. Lin Jingran's qualifications as Vice President.
Founded in 2004, Zheshang Bank Co., Ltd. (hereinafter referred to as "Zheshang Bank") is one of the 12 national joint-stock commercial banks, headquartered in Hangzhou, Zhejiang, and is the 13th "A+H" listed bank in China.
According to the third quarter report of this year, the total assets of Zheshang Bank have reached nearly 3 trillion yuan, and the scale of assets has grown steadily.
As of the end of the reporting period, the total assets of Zheshang Bank were 296 trillion yuan, an increase of 3,349 over the end of the previous year5.1 billion yuan, an increase of 1277%。Of these, the total amount of loans and advances issued is 177 trillion yuan, an increase of 1,725 over the end of the previous year9.1 billion yuan, an increase of 1132%。Total liabilities 277 trillion yuan, an increase of 3,141 over the end of the previous year2.1 billion yuan, an increase of 1279%。Among them: absorb deposits 179 trillion yuan, an increase of 1119 over the end of the previous year7.4 billion yuan, an increase of 666%。
In terms of the quality and efficiency of the operation of Zheshang Bank. During the reporting period, Zheshang Bank achieved revenue of 4969 billion yuan, an increase of 19 percent year-on-year7.3 billion yuan, an increase of 413%。Among them: net interest income 3594.9 billion yuan, an increase of 51.2 billion yuan, an increase of 144% with a net interest margin of 190%, down 016 percentage points;Non-interest net income was 1374.1 billion yuan, an increase of 14 percent year-on-year6.1 billion yuan, an increase of 1190%。Non-interest net income accounted for 2765%, up 1 year-on-year91 percentage points. The cost-to-income ratio is 2730%, up 2 percent year-on-year41 percentage points. The net profit attributable to shareholders of the Bank was 1275.3 billion yuan, an increase of 12 percent year-on-year1.6 billion yuan, an increase of 1054%。
Zhongtai ** believes that the performance of Zheshang Bank has grown steadily and made profits. Loan growth has accelerated, while deposit growth has slowed. Net non-interest income grew at a higher rate, up 115%。Asset quality remained solid and the margin of safety was further enhanced. The core Tier 1 capital adequacy ratio increased sequentially. 3Q23 core Tier 1 capital adequacy ratio, Tier 1 capital adequacy ratio, and capital adequacy ratio were respectively. 83%, +10, +5, +0bp month-on-month.
In the first three quarters, the asset quality of Zheshang Bank showed a positive trend. As of the end of the reporting period, the balance of non-performing loans was 2454.8 billion yuan, an increase of 21 over the end of the previous year9.5 billion yuan, an increase of 982%；Non-performing loan ratio 145%, down 002 percentage points;The provision coverage ratio was 18294%, an increase of 075 percentage points;Loan provision ratio 265%, down 002 percentage points;
As of the end of the reporting period, the capital adequacy ratio of Zheshang Bank was 1183%, an increase of 023 percentage points;Tier 1 capital adequacy ratio was 962%, an increase of 008 percentage points;Core Tier 1 capital adequacy ratio of 828%, an increase of 023 percentage points;However, the data shows that although the capital adequacy ratio of Zheshang Bank has risen, it is at the bottom of the listed joint-stock banks.
In addition, "Business News Corporate Finance" noticed that the internal control problems of Zheshang Bank this year seem to be more serious, and the fines continue to be issued, with an average of one fine received every month.
According to incomplete statistics, since 2023, the State Administration of Financial Supervision and Administration has released a total of 22 pieces of penalty information involving Zheshang Bank and its branches or relevant responsible persons, and there are loopholes in compliance and internal control. Among them, the total amount of fines for units is 8.5 million yuan, and the total amount of individual fines is 650,000 yuan.
Among them, on November 27, the State Administration of Financial Supervision and Administration disclosed that the Guiyang Branch of Zheshang Bank Co., Ltd. was not in place due to the investment control of the debt financing planThe background of the letter of credit is not true, and the negotiated funds are returned to the issuer;Illegal issuance of real estate loans;Rolling issuance of banker's acceptance bills inflated deposits;Failure to perform due diligence in the review of working capital loans, resulting in a fine of $1.6 million.
In terms of risk prevention and control, the 2023 semi-annual report of Zheshang Bank disclosed that nearly half of the top ten loan customers are in the real estate industry.
The first and second are all real estate customers.
According to the semi-annual report of Zheshang Bank this year, as of the end of June, the amount of loans for the real estate industry of Zheshang Bank was 17307.6 billion yuan, an increase of about 6.2 billion yuan from the end of last year, accounting for 1047%。Among them, the balance of non-performing loans in the real estate industry was 400.4 billion yuan, an increase of 12 from the end of last year3.4 billion yuan, an increase of 4455%。The non-performing loan ratio of its real estate sector also increased from 1 at the end of the previous year66% soared to 231%。
It is worth noting that in 2021, the non-performing loan ratio of Zheshang Bank's ** real estate industry is only 062%, which has reached 231%, which means that it has almost quadrupled in less than three years.
Zheshang Bank has stated in its semi-annual report that it will continue to strengthen the risk management of real estate loansPrudently carry out real estate credit business, and adjust the real estate credit orientation in a timely manner according to national policies and industry conditionsImplement quota management and dynamic management of the list system for loans in the real estate industry, continuously adjust and optimize the asset structure, and strengthen the monitoring and management of the risks of existing loans.