He was fined many times in the second half of the year!What is the problem with Huaxia Bank's business?

Since the second half of this year, Huaxia Bank has been fined a total of 5.6 million yuan by banking supervision, which mostly involves loan business. At the end of the first half of this year, the bank's non -performing loan ratio rose 0.02 percentage points from the end of the previous year.

"Investment Times" researcher Tian Wenhui

Huaxia Bank Co., Ltd. (hereinafter referred to as Huaxia Bank, 600015.SH) controlled the growth rate of loans in the first half of this year, and its performance growth was inferior to peers. Since the second half of the year, the bank has been punished by the regulatory authorities for many times due to loan business problems.

On September 2nd, Huaxia Bank Harbin Branch was imposed by Heilongjiang Banking Insurance Bureau's administrative penalty decision. The main reasons include personal mortgage loans that have not verified the source of the borrower's down payment funds. Since the second half of this year, Huaxia Bank has been punished by the CBRC for a total of five times and has been fined a total of not less than 5.6 million yuan. The reasons for the punishment involve loan business.

At the end of the first half of this year, the bank's non -performing loan ratio was 1.79%, an increase of 0.02 percentage points from the end of the previous year, and it was also higher than the non -performing loan rate of commercial bank loans. However, the growth rate of the bank's loan scale is slowing down. The total loans at the end of the first half of this year increased by only 3.93%compared with the end of the previous year, which was lower than the growth rate of the industry.

Correspondingly, in the first half of this year, the net profit attributable to shareholders of listed companies by listed companies increased by 5.01%year -on -year, lower than the growth rate of net profit in commercial banks during the same period. From 2019 to 2021, the bank's net profit attributable to shareholders of listed companies was 5.04%,-2.88%, and 10.62%, respectively, and was lower than the year-on-year growth rate of net profit of commercial banks by 8.91%,-2.71%, 12.63. %.

In the first half of this year, the greatest impact on the growth of the industry was net interest income, a year -on -year decrease of 7.26%and a decrease of 2.935 billion yuan. Mainly decreased by 0.28 percentage points year -on -year.

At the end of the first half of this year, Huaxia Bank's capital adequacy ratio also declined. Among them, the core first -level capital adequacy ratio and capital adequacy ratio decreased by 0.15 percentage points and 1.27 percentage points from the end of the previous year.

It is worth noting that the former president of Huaxia Bank resigned half a year ago.

According to the announcement of Huaxia Bank, on February 17 this year, Zhang Jianhua resigned as the president of the bank due to work changes. Before the board of directors appointed the new president and his qualifications was approved by the China Banking Regulatory Commission, Li Minji, the designated chairman of the board of directors, was the duty of the president.

The "Investment Times" sent a communication letter to Huaxia Bank about the above -mentioned regulatory punishment, decline in interest income, and rising non -performing loans.

The fine of not less than 5.6 million yuan in the third quarter

Since the third quarter, Huaxia Bank has frequently punished a penalty from the China Banking Supervisor to the ticket, and most of them involved loan business.

On September 2nd, Heilongjiang Banking Regulatory Bureau imposed a fine of 600,000 yuan in administrative penalties for Huaxia Bank Harbin Branch. The main reasons include: personal mortgage loans have not verified the source of the borrower's down payment funds;

In August this year, Huaxia Bank was punished less than three times.

On August 2nd, the Dalian Regulatory Bureau of the China Banking Regulatory Commission decided to make corrections to the Dalian Branch of Huaxia Bank, and imposed a total of 600,000 yuan. The main reasons are: internal control systems are not strictly implemented, credit management is not exhausted, industry cases have occurred and losses for credit business funds are formed.

On August 5, the Hubei Regulatory Bureau of the Banking Insurance Regulatory Commission decided to impose a fine of 2.7 million yuan in Huaxia Bank of Wuhan Branch. The reasons include: incomparable post -loan management, personal business loans are misappropriated to return commercial housing loans; loan management is not prudent, mobile funds loan is used for fixed asset project construction; after -loan management does not have no job, credit funds return borrowers and related enterprise books It was misappropriated after traveling accounts; incomplete duties of loan use censorship, and credit funds were not used as agreed; credit funds were diverted as bank acceptance bank deposits; borrowers who did not have the qualifications of loan subjects issued loans to cover up risks.

On August 5, the Henan Banking Insurance Regulatory Bureau decided to fined 900,000 yuan for Huaxia Bank Zhengzhou Branch, because the loan of mobile funds was misappropriated in the real estate field.

In July this year, Huaxia Bank was punished at least once.

On July 12, Huaxia Bank Changzhou Branch was fined 800,000 yuan by the Changzhou Supervision Bureau of the CBRC, including: loan funds illegally returned to the depository, pledged to issue mobile funds loans; field.

Huaxia Bank semi -annual report shows that at the end of the first half of this year, the bank's total loan was 2300.469 billion yuan, an increase of 3.93%over the end of the previous year, and lower than the 7.47%loan growth rate of commercial banks during the same period.

In the past three years, Huaxia Bank's loan growth rate has also been lower than the growth rate of commercial bank loans, especially in the past year lower than the industry growth rate. According to the past annual reports of Huaxia, from the end of 2019 to the end of 2021, the total loan growth rate of the bank's loans was 16.06%, 12.62%, and 4.96%, respectively. During the same period, the year -on -year growth rate of commercial bank loans was 17.32%, 13.28%, and 12.24%.

The above punishment shows that although the growth rate of Huaxia Bank's loan is not high, there are many problems with the business.

At the end of the first half of this year, the non -performing loan ratio of Huaxia Bank was 1.79%, an increase of 0.02 percentage points from the end of the previous year, and it was also higher than the non -performing loan rate of commercial bank loans at the corresponding point of 1.67%. Among them, the company's non -performing loan rate was 1.91%, a 0.03 percentage point from the end of the previous year. The rise in personal loans was 1.88%, an increase of 0.12 percentage points from the end of the previous year. From the end of 2018 to the end of 2021, the bank's non -performing loan rates were 1.85%, 1.83%, 1.80%, and 1.77%, respectively, and the non -performing loan ratio of commercial banks was 1.83%, 1.86%, 1.84%, and 1.73%, respectively. The above data shows that in 2021, although the non -performing loan ratio of Huaxia Bank also declined, the decline was not as large as the industry. At the end of the year, the bank's non -performing loan rate was higher than the industry.

Huaxia Bank was punished

Source: official website of China Banking and Insurance Regulatory Commission

Interest net income decline

In terms of performance, although Huaxia Bank has achieved positive growth in the first half of this year, the increase is less than the industry. The biggest constraints are the decline in net interest income.

According to Huaxia Bank Half -annual report, in the first half of this year, the bank's operating income was 48.452 billion yuan, a year -on -year increase of 0.70%; the net profit attributable to shareholders of listed companies was 11.53 billion yuan, an increase of 5.01%year -on -year, which was lower than 7.08%of commercial banks in the same period during the same period. Net profit growth.

Among the operating income, the net interest revenue was 37.509 billion yuan, a year -on -year decrease of 7.26%, and the proportion of operating income was 77.41%, a year -on -year decrease of 6.65 percentage points. Non -interest net income was 10.943 billion yuan, an increase of 42.69%year -on -year, accounting for 22.59%of operating income, an increase of 6.65 percentage points year -on -year.

In the year -on -year changes of interest net income, the changes caused by scale factors increased by 917 million yuan, and the changes caused by interest rate factors were reduced by 3.852 billion yuan, a total of 2.935 billion yuan.

Correspondingly, the net interest margin of Huaxia Bank in the first half of this year was 2.13%, a year -on -year decrease of 0.28 percentage points, a 0.22 percentage point from the end of the previous year. In 2021, the net interest margin of the bank was 2.35%, a year -on -year decrease of 0.24 percentage points.

In the first half of this year, the bank's average interest rate of interest rates was 4.33%, a year -on -year decrease of 0.23 percentage points; the average interest rate interest rate of interest rate calculation was 2.25%, a year -on -year decrease of 0.01 percentage points.

In the assets of life, the average interest rate of loans and pads was 4.88%, a year -on -year decrease of 0.3 percentage points. In the current period, the loan and pad interest income of 54.135 billion yuan was achieved, a year -on -year decrease of 0.93%; The decrease of 0.16 percentage points, the current financial investment interest income was 18.431 billion yuan, a year -on -year decrease of 0.11%.

Although the average interest rate of Huaxia Bank's interest calculation liabilities decreased, the average interest rate of absorbing deposits rose to 2.01%, a year -on -year increase of 0.15 percentage points. In the current period, the bank's absorption of deposit interest expenditure was 20.94 billion yuan, an increase of 18.39%year -on -year, an increase of rapid growth.

In the first half of this year, Huaxia Bank's operating expenditure, credit and other asset impairment losses was 18.886 billion yuan, a year -on -year decrease of 4.76%, mainly due to the reduction of loans and pads for impairment, which was 11.785 billion yuan, a year -on -year decrease of 34.32%. However, the bank's financial investment impairment losses increased significantly at 6.468 billion yuan, an increase of 255.38%year -on -year.

In terms of capital adequate, at the end of the first half of this year, Huaxia Bank's core first -level capital sufficient capital, first -level capital adequacy ratio, and capital adequacy ratio were 8.63%, 10.77%, and 11.55%, respectively, decreased by 0.15 percentage points, 0.21 percentage points from the end of the previous year, respectively. , 1.27 percentage points.

In fact, Huaxia Bank's capital adequacy ratio has continued to decline in the past two years. From the end of 2019 to the end of 2021, the bank's capital adequacy ratio was 13.89%, 13.08%, and 12.82%, respectively; the core first -level capital adequacy ratio was 9.25%, 8.79%, and 8.78%, respectively.

According to the announcement of Huaxia Bank, in August this year, the bank's 30 billion yuan second -level capital bonds were issued, and all of them will be used to supplement the bank's second -level capital. In addition, on July 12 this year, Huaxia Bank received the approval of the CSRC and approved the bank's non -public issuance of no more than 1.5 billion new shares.

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