He was fined more than 10 million in less than half a year!What should I do if the foreign investment will abandon the position of the major shareholders?

The Bank of Hangzhou was fined 5.8 million yuan by the People's Bank of China for failing to fulfill the obligation of customer identity in accordance with regulations. Since the beginning of this year, the bank has been regulated that a total of less than 105 million yuan

"Investment Times" researcher Tian Wenhui

Hangzhou Bank Co., Ltd. (hereinafter referred to as Bank of Hangzhou, 600926.SH) with the vision of "China's Leading Bank", has maintained high performance in recent years. But in 2022, the bank was punished by regulatory punishment a little fast.

The Bank of Hangzhou was fined 5.8 million yuan by the People's Bank of China for failing to fulfill the obligation of customer identity in accordance with regulations. Since the beginning of this year, the bank has been fined at least 3.25 million yuan by the CBRC, because the pre -loan investigation is not due to due diligence and the loan funds have been misappropriated. The bank has been regulated this year for a total of not less than 105 million yuan.

Researchers in "Investment Times" noticed that from the end of 2018 to the end of 2021, the total loans of Hangzhou Bank's loans were 23.48%, 18.14%, 16.81%, and 21.69%, respectively, all higher than the industry.

In the first quarter of this year, the net profit attributable to shareholders of listed companies by listed companies increased by 31.39%year -on -year. However, the loss of credit impairment continued to grow on the basis of the year -on -year growth of the previous year. Moreover, at the end of the quarter, the bank's capital adequacy ratio, first -level capital adequacy ratio, and core first -level capital adequacy ratio decreased from the end of the previous year, and below the overall level of commercial banks at the end of the quarter. Among them, the bank's core first -level capital adequacy ratio has dropped to 8.17%.

The largest shareholder of the bank will change.

The Federal Bank of Hangzhou Bank of Foreign -funded Australian Federal Bank will transfer 10%of the Hangzhou Bank of Hangzhou Bank. After the transfer, the Hangzhou Finance Bureau will passively become the largest shareholder of the Bank of Hangzhou. The Zhejiang Regulatory Bureau of the Banking Insurance Regulatory Commission has recently agreed to this transfer. The Australian Federal Bank, which entered the Bank of Hangzhou in 2005, now gives the largest shareholder position. How will it affect Hangzhou Bank?

The "Investment Times" sent a communication letter to Hangzhou Bank on the above regulatory punishment, decline in capital adequacy ratio, and the largest shareholder change.

Was a fine of more than 10 million

Since the beginning of this year, Hangzhou Bank has been regulated by a total of less than 10 million yuan.

On May 31, the Hangzhou Center Sub -branch of the People's Bank of China issued the "Public Institute of Administrative Penalty Information of the People's Bank of China Hangzhou Center Sub -branch". The publication form showed that on May 23, the Hangzhou Center of the People's Bank of China Hangzhou Administrative penalties were decided because the Bank of Hangzhou did not fulfill the obligation of customer identification in accordance with regulations, failed to preserve customer identity information and transaction records in accordance with regulations, failed to perform large and suspicious transaction reporting obligations in accordance with regulations, and transactions with unknown customers.

In addition to the ticket issued by the People's Bank of China, since this year, Hangzhou Bank has also been punished by Banking Insurance.

On June 1, the Beijing Banking Regulatory Bureau offered an administrative penalty of the Hangzhou Bank of Beijing Fengtai Sub -branch to make corrections and imposed a fine of 400,000 yuan.

On February 16, the Shenzhen Banking Regulatory Bureau made a fine of 3 million yuan in administrative penalties for the Hangzhou Bank of Shenzhen Branch.

On January 13, the Zhoushan Supervision Branch of the China Banking Regulatory Commission decided to fined 850,000 yuan in Hangzhou Bank Zhoushan Branch. Failure to use it in accordance with the agreement; transfer to customers for insurance premiums illegally.

It can be seen that the above -mentioned bank insurance supervision punishment is mainly due to the illegal regulations of Hangzhou Bank in loans.

According to the Hangzhou Bank's first quarter report, at the end of the first quarter of this year, the bank's total loan was 630.41 billion yuan, an increase of 7.11%over the end of the previous year, and the growth rate of the corresponding loan of commercial banks was 4.67%. At the end of the quarter, the bank's loan loss was 30.071 billion yuan, an increase of 5.15%over the end of the previous year; the non -performing loan ratio was 0.82%, a 0.04 percentage point from the end of the previous year.

Hangzhou Bank ’s past annual report shows that the loan growth rate of the bank has been higher than the industry in the past four years. From the end of 2018 to the end of 2021, the year -on -year growth rates of bank loans in Hangzhou were 23.48%, 18.14%, 16.81%, and 21.69%, respectively. Correspondingly, the year -on -year growth rate of commercial bank loans was 13%, 17.32%, 13.28%, and 12.24%.

From the end of 2017 to the end of 2021, Hangzhou Bank's loan loss was 9.538 billion yuan, 13.018 billion yuan, 17.493 billion yuan, 24.287 billion yuan, and 28.597 billion yuan, of which 36.49%, 34.38%, and the end of 2021 were 36.49%, 34.38%, and respectively. 38.84%, 17.75%.

The above data shows that the year -on -year growth rate of loans from Hangzhou Bank from 2018 to 2020 was higher than the growth rate of the total loan.

Hangzhou Bank was punished

Source: The official website of the People's Bank of China

Capital adequacy ratio decrease continuously

Hangzhou Bank's performance in the first quarter of this year continued to maintain a high growth, but the capital adequacy ratio was facing supplementary pressure.

The first quarter report of the Bank of Hangzhou showed that in the first quarter of this year, the bank's operating income was 8.769 billion yuan, a year -on -year increase of 15.73%; the net profit attributable to shareholders of listed companies was 3.309 billion yuan, an increase of 31.39%year -on -year, which was higher than the seasons commercial bank 7.36% The growth rate of net profit. From 2018 to 2021, the operating income of the bank's operating income was 20.77%, 25.53%, 15.87%, and 18.36%, respectively; net profit attributable to shareholders of listed companies was 18.94%, 21.99%, 8.09%, 29.77, respectively. %, Higher than the corresponding time of commercial banks by 4.72%, 8.91%,-2.71%, and 12.63%.

However, in the first quarter of this year's business expenditure, credit impairment loss was 3.016 billion yuan, an increase of 5.48%year -on -year. Among them, loans and cushion credit impairment losses were 1.485 billion yuan, a year -on -year decrease of 46.12%.

In fact, the bank's credit impairment loss continued to increase. In 2021, Hangzhou Bank's credit impairment loss was 10.5 billion yuan, an increase of 5.44%year -on -year.

Although the performance has increased, according to the investor relationship records announced by the Bank of Hangzhou, the level of interest margin in the first quarter of this year has fallen to a certain extent from last year, and the annual net interest difference is expected to decrease slightly compared with 2021.

From 2017 to 2021, Hangzhou Bank's net interest yields were 1.65%, 1.73%, 1.85%, 1.98%, and 1.83%, respectively, of which 0.15 percentage points decreased year -on -year in 2021.

Hangzhou Bank's capital adequacy ratio has also continued to decline.

At the end of the first quarter of this year, the bank's capital adequacy ratio, first -level capital adequacy ratio, and core first -level capital adequacy ratio were 13.08%, 10.00%, and 8.17%, respectively. 0.54 percentage points, 0.4 percentage points, and 0.26 percentage points decreased from the end of the previous year. Moreover, at the end of 2021, Hangzhou Bank's capital adequacy ratio, first -level capital adequacy ratio, and core first -level capital adequacy ratio have fallen by 0.79 percentage points, 0.43 percentage points, and 0.10 percentage points.

The largest shareholder will change

In addition to performance, the bank's most watched market this year is the change of shareholders.

According to the announcement of the Bank of Hangzhou, on May 6, Hangzhou Bank received the "Approval of the Zhejiang Regulatory Bureau of the China Banking Regulatory Commission on the change of equity of Hangzhou Bank" and agreed to Hangzhou Urban Construction Investment Group Co., Ltd. (hereinafter referred to as Hangzhou Urban Investment) and Hangzhou Transportation Investment Group Co., Ltd. (Hangzhou Communications) has transferred about 297 million shares each of the Hangzhou Bank shares held by the Federal Bank of Australia, respectively, accounting for 5%of the total share capital of the Bank of Hangzhou.

According to previous announcements, on February 28, the largest shareholder of Hangzhou Bank Australia's Federal Bank and Hangzhou City Investment and Hangzhou Traffic Investment signed the "Australian Federal Bank and Hangzhou City Construction Investment Group Co., Ltd. and Hangzhou Transportation Investment Group Co., Ltd. Transfer agreement. After the change of equity changes, the Hangzhou Finance Bureau will passively become the largest shareholder of the Bank of Hangzhou. Its shareholding and holding ratio of Hangzhou Bank will remain unchanged. shareholder.

According to the 2021 annual report of Bank of Hangzhou, at the end of that year, the Australian Federal Bank was the largest shareholder of the Bank of Hangzhou, holding about 923 million shares of Hangzhou Bank, holding a shareholding of 15.57%. The Hangzhou Finance Bureau is the second largest shareholder of Hangzhou Bank, holding 11.86%. At the same time, the Hangzhou Finance Bureau is the actual controller of the Bank of Hangzhou, and the total shareholders of the other seven of the other seven unanimous actors hold 23.55%of the total share capital of Hangzhou Bank.

According to the prospectus of the Bank of Hangzhou, the Australian Federal Bank entered the Hangzhou Bank during the fifth capital increase expansion of Hangzhou Bank in 2005. After the capital increase and expansion, the Australian Federal Bank held 19.91%of the total share capital of Hangzhou Bank. In 2009 and 2014, the Australian Federal Bank followed up the capital increase. At the end of the first half of 2016 before the listing of Bank of Hangzhou, the Australian Federal Bank held 19.996%of the shares of the Bank of Hangzhou and became the largest shareholder.

In 2005, the Bank of Hangzhou established a strategic cooperative relationship with the Australian Federal Bank. Today, the identity of the Australian Federal Bank to remove the largest shareholder will have a attention on how it will have the relationship with Hangzhou Bank.

"Investment Times" researcher noticed that the Australian Federal Bank is also the largest shareholder of Qilu Bank Co., Ltd. (hereinafter referred to as Qilu Bank, 601665.SH). Zilu Bank was listed in A shares in June 2021. At the end of the first quarter of this year, the Australian Federal Bank held 16.09%of the equity of Zilu Bank.

In fact, the Australian Federal Bank has jointly established a number of village banks with Hangzhou Bank. Later, the Australian Federal Bank of these village banks was changed to the Bank of Qilu Bank.

According to the prospectus of Qilu Bank, in 2017, the Australian Federal Bank participated in the ninth capital increase and expansion of the Bank of Qilu. The Australian Federal Bank paid new registered capital with its equity of 15 village and township banks, including the above -mentioned village banks joint venture with Hangzhou Bank. Essence

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