"Linshang Bank Party Secretary Replaced, Chairman of the Board of Directors Vacant Liu Chengtian took over in recent years, what will be the next step of Linshang Bank?" 》
In the midst of personnel changes in the banking industry, the reappointment of the party secretary of Linshang Bank has attracted widespread attention. According to information released on February 20, Liu Chengtian has taken over as party secretary of Linshang Bank. The new secretary previously served as party secretary and president of the Dezhou branch of the Bank of China, and his appointment has undoubtedly brought new hopes and challenges to Linshang Bank.
It is worth noting that Liu Chengtian is not the only "newcomer" of Linshang Bank in the near future. On May 13, 2020, the former Shandong Banking and Insurance Regulatory Bureau approved Zhou Shuguang's qualifications as president of Linshang Bank, and at the same time, Zhou Shuguang also served as the legal representative of Linshang Bank. Prior to that, Zhou Shuguang worked in various branches of Bank of China for many years. The arrival of these two new leaders has undoubtedly injected new vitality into Linshang Bank.
Linshang Bank was established in February 1998 and now has 93 branches, including 3 non-local branches (Ningbo, Rizhao and Weifang). In recent years, Linshang Bank has gained strong momentum. In 2023, Linshang Bank's asset scale, total deposits, and total loans will achieve a breakthrough of 100 billion yuan, reaching 158 billion yuan, 123.2 billion yuan, and 110.2 billion yuan respectively. This is the second major breakthrough of Linshang Bank, and it is also the second important test of its development ability.
Although Linshang Bank's asset scale and revenue continued to grow, its total profit and operating profit showed negative growth in 2022. The annual report shows that in 2022, Linshang Bank will achieve a total profit of 57.6 billion yuan, down 6% year-on-year. Achieved operating profit of 58.1 billion yuan, down 494%。This phenomenon has aroused the attention of the outside world to the future development of Linshang Bank.
Despite this, Linshang Bank's total profit growth trend in 2023 has been reversed. Ji Changhong said in Linshang Bank's 2024 New Year's message that the bank's total profit increased by 15% year-on-year last year. According to this calculation, its total profit in 2023 will be 66.2 billion yuan. This shows that Linshang Bank is gradually getting out of the predicament and showing a good momentum of development.
In terms of asset quality, according to Linshang Bank's 2022 annual report, the bank's non-performing asset ratio increased from 119% rose to 1. at the end of 202252%, and the capital adequacy ratio and core-level capital adequacy ratio both declined in 2022. This phenomenon reminds us that Linshang Bank still needs to pay attention to asset quality and risk management in the future development process.
While facing challenges, Linshang Bank is also constantly seeking breakthroughs and development. The arrival of Liu Chengtian, the new party secretary, and Zhou Shuguang, the president, injected new vitality into Linshang Bank. We look forward to their new roles and leading Linshang Bank to a broader future."