Kunpeng Project
Shanghai Pudong Development Bank did not issue year-end bonuses and was fined about 200 million yuan, and its net profit fell continuously
According to the Daily Financial News, as the Spring Festival approaches, many topics about year-end bonuses have rushed to the research hotspot, and Shanghai Pudong Development Bank has recently questioned it"If you don't send a year-end bonus, you won't send a letter to your family", which has attracted widespread attention.
According to insiders, it is said that all branches of the Shanghai Pudong Development Bank do not issue year-end bonuses, but hold them before the Spring Festival"A letter from home, a greeting"Spring Festival condolences activities.
A letter from home"It refers to a letter written by the Party Committee of the head office of Shanghai Pudong Development Bank on behalf of the Party Committee of the head office of Shanghai Pudong Development Bank to the relatives of employees, expressing blessings and thanks to the relatives of employees, and sending it in the form of MMS on mobile phones. So-called"Condolence money"It refers to the condolence money directly issued to the relatives of workers according to the standard of 2,000 yuan per person, after deducting taxes and fees. The sub-branches of Shanghai Pudong Development Bank plan to complete the distribution of condolences and the sending of mobile phone MMS letters before the Spring Festival.
For bankers, the year-end bonus largely determines their annual income. Generally speaking, the salary structure of Shanghai Pudong Development Bank is divided into basic salary, performance salary and welfare income, most of the employees who join Shanghai Pudong Development Bank have an annual salary of about 150,000-250,000 yuan, but each person's daily salary is only 4,000 yuan per month, and the rest are basically year-end bonuses. If calculated according to the cost of employees and the number of employees, from 2020 to 2022, the average salary of employees of SPD Bank is 46380,000 yuan, 45280,000 yuan, 4470,000 yuan, with a cumulative decline of 517%。
This is the embodiment of SPD Bank's care for employees, but for the Spring Festival condolence letter, it is considered by employees"A letter is worth 10,000 dollars", and a new unit of pricing is derived from this - 1 letter = 2000 yuan. "I finally realized the grief of the condolence letter worth 10,000 dollars, this condolence letter does not stop day and night, work takes up most of the time, and life depends on family members to pick up front-line employees. ""Two days can not be calm, 100 days to attack, even in March, a letter of condolence is worth 10,000 gold. "An employee of SPD Bank"Spring Festival condolence letter", there is such a passage:"Spring Festival condolence letter"It is the care that SPD Bank cares for its employees, but in the eyes of employees, it is"A letter worth 10,000 dollars", which also derived a new pricing unit - 1 envelope = 2000 yuan.
Another employee of a branch of Shanghai Pudong Development Bank in Hangzhou revealed to ** that starting from October 2023, his branch will require employees to make deposits and swipe cards"The completion of the performance can only be completed in overtime, but the newcomers often do not have so many people to complete the performance context, and in commercial banks, overtime is the norm. "Earlier this month, one on the Internet"Shanghai Pudong Development Bank deposits 50,000 yuan to tutor primary school students for free"The news attracted attention and was questioned"Disguised deposits"。The screenshot shows that the Beijing Donghua City Branch of Shanghai Pudong Development Bank was launched"Free tutoring services for primary school students in Chinese, mathematics and homework"The bank staff is responsible for the class (master's degree teacher qualification certificate), and the registration conditions for customers with deposits of more than 50,000 yuan in the branch are:"Free tutoring for primary school students in Chinese, mathematics and homework"。
Some people of insight said that year-end bonuses and condolences are not money of the same nature. The essence of the year-end bonus is the performance bonus, each person is different according to the performance appraisal and contribution to the performance, the year-end bonus is definitely different, and there is no substitution relationship between the two.
According to the convention, in previous years, the year-end bonus was paid out first in December and then in batches, but so far this year (February 6), the year-end bonus has not been paid. At present, the internal company of SPD has not made it clear that there is no year-end bonus, but it has not issued bonuses as in previous years. Therefore, the outrageous but reasonable guess is to send a letter to the family and send some condolences in lieu of the year-end bonus. "
According to Bai Luyuan**, he called the customer service center of Shanghai Pudong Development Bank to understand the situation, and the relevant person in charge replied that Shanghai Pudong Development Bank has replaced the year-end bonus with a family letter on this matter, and has not received such information yet. However, since this matter involves Shanghai Pudong Development Bank, it will be closely monitored.
Does the PDA really not pay year-end bonuses?
The relevant person in charge of a Harbin branch of Shanghai Pudong Development Bank said to **"My branch, the year-end bonus in the past two years has continued to decline, but it will be issued normally every year, similar to this year's situation, I have not encountered it, our branch has not mentioned the year-end bonus, and has not received it"Family letters"Like the cashier, the year-end bonus in previous years was about 50,000 to 80,000, but this year there are only more than 2,000, in fact, it basically belongs"Cracked bones"But the financial industry is mainly changing, and last year and this year do not represent next year. "
An employee of a branch of Shanghai Pudong Development Bank in Ningbo said about the above main news:"In fact, the news is not completely accurate, when the meeting was held today (February 6), the leader said a little, but the specific year-end bonus will not be issued, and we do not know. The above-mentioned ** said that in 2023, the branch of Shanghai Pudong Development Bank where they are located will receive the year-end bonus, the bank has repeatedly stated:"Around October (2023), the leader said that this year's year-end bonus may be postponed, but who knows that there will be rumors that it will not be issued later.
At present, ** has visited the Shanghai Pudong Development Bank, but not the whole country will issue this year-end bonus. In Yuecheng District, Shaoxing City, a branch employee said that this year's year-end bonus will be issued"But last year's year-end bonus is said to be temporarily fixed at one-third of the specific amount"。In Jinan City, Shandong Province, a branch employee said that his branch was also determined to pay a year-end bonus"But only 20% of last year"。
According to public information, Shanghai Pudong Development Bank is a national mixed-ownership commercial bank, founded in 1993, headquartered in Shanghai, and listed on the Shanghai ** Stock Exchange in 1999. Shanghai Pudong Development Bank is rated by the three major international rating agencies"Investment grade"It is also one of the top banks rated by world-renowned financial magazines. In addition, the bank is also committed to corporate social responsibility, having won several social responsibility awards and received an A rating in ESG.
Shanghai Pudong Development Bank is based on:"Public activity"The performance of the top three joint-stock banks has been accompanied by China Merchants Bank and Industrial Bank, but now Shanghai Pudong Development Bank has become a clear laggard.
As of the end of September 2023, the PBOC has total assets of more than 88 trillion yuan, an increase of 1036 from the end of the previous year6.9 billion yuan, an increase of 119%, but up from 8 at the end of June of the same year93 trillion yuan contracted slightly.
According to the data of last year's financial report, SPD Bank's operating income and net profit have been declining.
In 2021 and 2022, the bank's operating income was 1,909., respectively$8.2 billion and $1,8862.2 billion yuan, down 275% and 124%；The attributable net profit was 5300.3 billion and 5117.1 billion yuan, down 912% and 346%。
In the 2022 annual results report, the management of SPD Bank said that the decrease in net interest income and net commission income led to a decrease in revenue, and the decrease in operating income combined with the increase in operating expenses led to a year-on-year decrease in net profit.
As 2023 approaches, PUF is still underperforming.
In the first three quarters of 2023, SPD Bank achieved a cumulative operating income of 1,3281.5 billion yuan, a year-on-year decrease of 756%；The net profit attributable to the parent company was 2798.6 billion yuan, a year-on-year decrease of 1247.6 billion yuan, a decrease of 3083%。Looking at the third quarter alone, SPD Bank achieved an operating income of 4158.5 billion yuan, a year-on-year decrease of 766%；Attributable net profit was 484.8 billion yuan, a year-on-year decrease of 5288%。As of the end of the third quarter of 2023, among the 42 banks listed on the A-share market, 8 banks saw a year-on-year decline in operating income, with SPD Bank experiencing the largest decline of 762%；There were 5 banks with a year-on-year decline in net profit, with Shanghai Pudong Development Bank seeing the largest decline.
At the third quarter 2023 results conference, SPD Bank said that the gradual decline in efficiency indicators was mainly due to the combined impact of internal and external factors. The decline in revenue was driven by net interest income and net fee and commission income. In terms of net interest income, net income declined due to lower interest rates in credit markets and the impact of narrowing spreads due to the revaluation of ** loans.
In the first three quarters, SPD Bank's net interest margin was 143%, down 027 percentage points, while in 2018, the bank's net interest margin was still 194%, ranking third among the 9 banks in the A-share market, and now the ranking has fallen to the bottom. In terms of asset quality, in the first three quarters of 2023, the balance of non-performing loans of SPD Bank was 7460.8 billion yuan, a decrease of 0$1.1 billion; Non-performing loan ratio 152%, stable year-on-year; The provision coverage ratio was 17704%, up 2158 percentage points.
As for how to improve profitability in the future, Pan Weidong, former chairman of SPD Bank, said that SPD Bank will continue to deepen customer operation, adjust business structure, strengthen asset-liability portfolio allocation, and strive to improve the level of comprehensive income; Pay attention to the total operation of customers, do a good job in the balance of quantity and price, and improve the quantity and price management ability of various customer groups; Intensify the expansion of low-cost settlement deposits, and strive to control the cost of debt; At the same time, we will increase the expansion of non-interest income, vigorously promote the transformation of lightweight, and maintain stable income growth.
In addition to the continuous decline in performance, Shanghai Pudong Development Bank has also been frequently fined in recent years.
According to incomplete statistics, in 2021, SPD Bank was fined more than 40 times by the financial regulatory authorities, with a total amount of nearly 100 million yuan, involving all aspects of the loan business, of which the missing fines amounted to one million yuan. According to Flush iFinD data, in 2022, the China Banking Regulatory Commission, the Central Bank and the China Banking Regulatory Bureau issued nearly 3,000 fines to the banking industry, with fines and forfeitures of more than 1.9 billion yuan, of which Shanghai Pudong Development Bank ranked first among joint-stock banks with 64 fines, with fines and forfeitures of more than 60 million yuan"Three checks"Wait. "Shanghai Pudong Development Bank is the first joint-stock bank to be fined more than 100 million yuan, with 64 fines amounting to more than 60 million yuan.
In 2023, SPD Bank and its branches remain regular customers of fines, ranging from 350,000 yuan to 20150,000 yuan, with a total fine of nearly $10 million for the year.
In 2024, the State Administration of Financial Supervision and Administration (SFSA) announced on January 5 that the Urumqi branch of Shanghai Pudong Development Bank was responsible for the ..."Illegal flow of wealth management funds to restricted areas; Illegal transfer of property insurance costs and mortgage charges borne by customers"and other violations of laws and regulations, and was fined 1.25 million yuan.
It is worth mentioning that PUMA's management has also undergone significant changes in 2023.
On September 8, 2023, Shanghai Pudong Development Bank announced that the board of directors received the resignations of Zheng Yang, chairman and chief executive officer of the company, and Pan Weidong, vice chairman, chief executive officer and president of the company on September 7. Due to job transfer, Zheng Yang resigned as chairman and chief executive officer of the company, and Pan Weidong resigned as vice chairman, chief executive officer and president of the company. On the same day, Shanghai Pudong Development Bank announced the appointment of Zhang Weizhong, former director of business activities of China Construction Bank, as Secretary of the Party Committee and Chairman of the Board of Directors of Shanghai Pudong Development Bank. Subsequently, on September 12, Shanghai issued personnel appointment and dismissal information, agreeing to Zhang Weizhong as the chairman of Shanghai Pudong Development Bank.