Online Commercial Bank: Specific plan for capital increase and share expansion is still in the process

Reporter Li Bingbing

The second round of capital increases and shareholding and expansion of online merchant banks will soon be established.

On June 23, the Zhejiang Regulatory Bureau of the China Banking and Insurance Regulatory Commission issued the "Approval of the Zhejiang Online Commercial Bank's capital increase and expansion plan" (hereinafter referred to as the "Approval"), agreed with the capital increase and expansion plan of the online commercial bank.

At present, the specific details of the relevant plan have not been disclosed. The relevant person in charge of the online commercial bank told the "Securities Daily" reporter, "The specific plan is still in the process."

The industry generally believes that the share capital introduced by capital increase is the core first -level capital of the bank, and it is also the last line of defense for banks to resist risks. Through this capital increase, the core first -level capital of the online merchant bank will be further effectively supplemented.

The "Approval" shows that the online merchant bank's second interim shareholders' meeting approved the capital increase and expansion plan approved by the 2021 of the 2021. At the same time, the Zhejiang Banking Insurance Regulatory Bureau requested that the board of directors of the Internet Commercial Bank should ensure that the qualifications of shareholders meet statutory conditions, and apply for applications for shareholders who have been reviewed by the regulatory department for the qualifications of the shares.

This is the second time since the establishment of online merchants to increase capital and expansion. As early as the end of 2019, the online merchant bank completed its first capital increase, and the registered capital increased from 4 billion yuan to 6.571 billion yuan.

Broadcom analysis senior analyst Wang Pengbo told the Securities Daily that the capital increase of online merchants can solve the problem of insufficient capital and limited asset expansion. Increasing capital can maintain the proportion of credit investment that is rapidly growing, and better meet the business expansion and the needs of the real economy.

Public information shows that online merchant banks are initiated by Ant Group. It is one of the first private banks approved by the CBRC approved by the CBRC. It is a science and technology bank that focuses on serving the field of small and three agriculture. As of the end of 2021, online merchant banks have provided digital credit services for 45.53 million small and micro operators, achieving operating income of 13.9 billion yuan, net profit of 2.09 billion yuan, total assets of 425.83 billion yuan, and 12.50%of capital adequacy ratios.

The 7 -year performance of the online merchant bank shows that the capital adequacy ratio of online merchant banks has generally declined since 2015. From 2015 to 2021, it was 18.51%, 11.07%, 13.51%, 12.1%, 16.4%, 11.89%, 12.50 12.50. %.

The Dean of the Zero -One Research Institute, Yu Baicheng, told the reporter of the Securities Daily, "The high -speed growth and lower capital adequacy ratio of assets have made the demand for capital increase and shareholding of online merchants. Online Merchants Bank provides better services for its small and three farmers. "

According to the relevant data from banks in my country, as of the end of 2021, the capital adequacy ratio of state -owned banks was basically about 14%to 18%, and the capital adequacy ratio of shares was generally about 12%to 18%, and generally exceeded 13%. Among the small and medium -sized banks, the two larger private banks, two large private banks, as an example, have not exceeded 13%of the capital adequacy ratio.

The reporter noticed that in the case of pressure on the capital adequacy ratio of small and medium -sized banks, in addition to expanding financing channels, small and medium banks are also pursuing endogenous capital growth.

Online Commercial Bank has publicly stated that online merchant banks will actively control costs and retain more profits this year. Through endogenous capital of profits to achieve the effect of supplementary capital and ensure core capital adequacy ratios. For example, the net profit in the first quarter of 2022, the net profit of 630 million yuan, an increase of 61.13%year -on -year.

Wang Pengbo said that although small and medium -sized banks have begun to take shape, the channels for capital supplementation are generally narrow. It is expected that the capital adequacy ratio of small and medium banks in the future will still be under pressure.

Su Xiaorui, a senior analyst of the financial industry, told a reporter from the Securities Daily that "the financing channels of some private banks and traditional small and medium banks are relatively narrower. It is recommended to support SME multi -channel supplementary capital under the premise of strengthening supervision. Improve the ability to manage small and medium banks. "

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