Reporter Xie Yiguo Intern reporter An Qi reported
Against the background of the continuous deepening of anti-corruption work, another state-owned "problem" cadre of a large bank has recently been investigated.
On December 15, according to the website of the Weifang Municipal Commission for Discipline Inspection, Wang Huitang, a former deputy researcher at the Weifang branch of the Agricultural Bank of China, was expelled from the party and dismissed from public office on suspicion of serious violations of discipline and law. Previously, on July 14, he was subject to disciplinary review by the Discipline Inspection Commission of the Shandong Branch of the Agricultural Bank of China and supervision and investigation by the Supervision Commission of Changle County, Weifang City.
After investigation by relevant departments, Wang Huitang has violated discipline and laws such as receiving gifts affected by the fair performance of official duties, accepting banquets from service recipients, using buses for private use, and using his power to seek benefits for others in loan handling, and is suspected of illegally granting loans and accepting bribes.
According to statistics, in addition to Wang Huitang, the Agricultural Bank of China has been investigated since 2020, all of which are from branches in various provinces and cities. On October 12 this year, the 15th Inspection Group of the Central Committee inspected the work mobilization meeting of the Party Committee of the Agricultural Bank of China. The bank will actively support and cooperate with the work of the central inspection group and effectively enhance the consciousness and initiative of accepting inspection and supervision.
As of the end of September this year, the asset scale of the Agricultural Bank of China reached 28,988.663 billion yuan, an increase of 6.56% over the end of 2020. In terms of operating efficiency, the bank also showed good profitability.
Since last year, 10 cadres have been dismissed
On July 14, Wang Huitang, former deputy researcher of the Weifang Branch of the Agricultural Bank of China, was subject to disciplinary review and supervision and investigation by the Discipline Inspection Committee of the Shandong Branch of the Agricultural Bank of China and the Supervision Commission of Changle County of Weifang City. Five months later, the website of the Weifang Municipal Commission for Discipline Inspection published the news that it was "double-opened" according to law.
At the beginning of this year, the Central Commission for Discipline Inspection published an article entitled "Anti-Corruption in the Financial Sector: Strictly Investigating problems such as Using Loans for Personal Gain, Failing to Exercise Supervision, and Relying on Actions to Eat and Sell," which summarized the conspicuous problems in the financial sector in the fight against corruption, such as using the power of credit examination and approval to seek private interests and relying on actions to eat and eat.
The reporter found that Wang Huitang also had the above problems. Specifically, Wang Huitang colluded with others to make confessions, fabricated evidence, resisted organizational review, accepted gifts from affected and fairly performed official duties, accepted banquets from service recipients, used public buses privately, borrowed vehicles to manage service targets, and engaged in profit-making activities in violation of regulations; individuals decided on major matters and did not truthfully report personal real estate to organizations; incorrect performance of duties, resulting in losses in loans; granting loans in violation of state laws and regulations, using one's authority to seek benefits for others in loan handling, and illegally accepting property and property.
After some investigation, it constituted a violation of official duties and was suspected of illegally granting loans and accepting bribes. In accordance with relevant laws and regulations, the relevant departments gave Wang Huitang the punishment of expulsion from the party and public office, confiscated his gains from violations of discipline and law, and transferred him to the procuratorial organs.
According to statistics, since last year, 10 cadres of the Agricultural Bank of China have been investigated, and in addition to Wang Huitang, the remaining 9 are Wu Rui, former member of the party committee and vice president of the Sichuan Branch; Han Zhen, former deputy secretary of the party committee and vice president of the Shaanxi Branch; Wang Zhenlin, former deputy secretary of the party committee and vice president of the Hebei Branch; Zhao Lihong, member of the Party Committee and vice president of the Hebei Branch; Gao Youqing, former secretary of the party committee and president of the Jiangsu Branch; Gao Weidong, former secretary of the party committee and president of the Yulin Branch; and Cao Yigang, former secretary of the party committee and president of the Ordos Branch Chen Ken, deputy general manager of the operation management department of Yunnan Branch, Liu Xingfu, former party secretary and president of Baiyin Branch. Among them, Wu Rui, Han Zhen, Gao Youqing, Cao Yigang, Chen Ken, and Liu Xingfu were all expelled from the party.
On October 12, the 15th Inspection Group of the Central Committee inspected the work mobilization meeting of the Party Committee of the Agricultural Bank of China. The meeting pointed out that inspection is a powerful hand for political supervision and for comprehensively and strictly administering the party. The bank will actively support and cooperate with the work of the central inspection group and effectively enhance the consciousness and initiative of accepting inspection and supervision. Nowadays, at the level of anti-corruption work, the Agricultural Bank of China has achieved certain practical results.
Profitability grew in double digits
In addition to the anti-corruption work, the performance of the Agricultural Bank of China in recent years is also worthy of attention. According to the data, as of the end of the third quarter of this year, the asset scale of the Agricultural Bank of China has further expanded, reaching 28988.663 billion yuan, an increase of 6.56% over the end of last year's 27205.047 billion yuan.
With the expansion of asset scale, the business of agricultural bank has been further developed. In terms of operating efficiency, the bank achieved a double increase in operating income and net profit attributable to the mother in the first three quarters of this year. According to the data, the bank achieved operating income of 544.897 billion yuan, an increase of 9.36% year-on-year; net profit attributable to shareholders of the parent company was 186.709 billion yuan, an increase of 12.93% year-on-year. For the whole of last year, the Agricultural Bank of China achieved operating income of 657.961 billion yuan, an increase of 4.89% year-on-year; and achieved a net profit attributable to the mother of 215.925 billion yuan, an increase of 1.80% year-on-year.
In terms of asset quality, as of the end of September this year, the non-performing loan ratio of the Agricultural Bank of China was 1.48%, down 0.09 percentage points from the end of last year. However, the balance of non-performing loans increased by 13.050 billion yuan from the end of last year to 250.163 billion yuan. The 2020 annual report shows that the Agricultural Bank of China has doubled in non-performing performance. The non-performing loan ratio increased by 0.17 percentage points from 2019 to 1.57%, while the balance of non-performing loans was 237.113 billion yuan, an increase of 49.903 billion yuan over 2019. In terms of provision coverage ratio, entering 2021, the bank's provision coverage ratio in the first three quarters of this year was 288.04%, an increase of 27.4 percentage points from 260.64% in 2020.
On the whole, while the asset quality of the Agricultural Bank of China has a good trend, the level of capital adequacy has also been further improved. The capital adequacy ratio, Tier 1 capital adequacy ratio and core Tier 1 capital adequacy ratio have all increased compared with the end of 2020. As of the end of September this year, the three indicators of capital adequacy were 16.70%, 12.98% and 11.18%, respectively, up 0.11 percentage points, 0.06 percentage points and 0.14 percentage points respectively from the end of 2020.
As the year draws to a close, there is still zero tolerance for punishing corruption and no relaxation. In the new year, how will the Agricultural Bank of China continue to lay out its anti-corruption work? Journalists will continue to pay attention.
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