China Net Finance and Economics on August 18 (reporter Yanshan Wang Jinrui) Recently, Hubei Bank was fined about 2.624 million yuan for 6 violations of laws and regulations, and 4 responsible persons were warned. According to incomplete statistics from the financial reporter of China Net, Hubei Bank and its subordinate branches have received 3 fines from the Banking and Insurance Regulatory Commission system this year, with a total of 3.074 million yuan confiscated.
It is worth noting that Hubei Bank's impact on A-share IPOs has recently ushered in new progress. On July 21, 2021, Hubei Bank's official website issued a notice on the convening of the 2020 Annual General Meeting of Shareholders, of which 7 proposals were related to listing, including the "Proposal on Applying for the Initial Public Offering of RMB Ordinary Shares (A Shares) and Listing", "The Proposal on Applying for the Initial Public Offering of RMB Ordinary Shares (A Shares) Shares and the Authorization During the Listing Process".
China Net financial reporter in response to Hubei Bank this year has been fined many times, the latest listing progress and performance to send an interview letter to the bank, the bank replied: "From the inspection of the regulatory authorities to our bank, it reflects that there are still certain problems in the implementation of credit policies, the implementation of regulatory requirements, and the implementation of internal systems. Our bank attaches great importance to this, and immediately investigates and corrects the problems found by the regulatory authorities, implements them item by item, and seriously pursues the responsibility and accountability of the relevant responsible persons. At present, the bank has completed all the rectification work of the problems found by the regulatory authorities. At the same time, regarding the latest listing progress, the bank said: "At present, the listing work of our bank is in the listing counseling period, and after the counseling acceptance is passed, it will be formally declared to the China Securities Regulatory Commission." In accordance with the relevant provisions of the CSRC, our bank will disclose the Prospectus and other relevant information on time in accordance with the law. ”
He was fined 2.624 million yuan for 6 violations of laws and regulations
On July 30, the Hubei Banking and Insurance Regulatory Bureau released an administrative penalty information disclosure form showing that Hubei Bank was fined 2.3 million yuan for six violations of laws and regulations, and about 324,000 yuan of illegal gains were confiscated, with a total of about 2.624 million yuan of fines and forfeitures, and the responsible persons Leng Song, Qi Bo, Wang Qing, and Lin Hao were warned separately. The main facts of violations of laws and regulations include: 1, the provision of equity funds to shareholders through the Bank's wealth management business in violation of regulations; 2, failure to implement credit conditions, illegal issuance of real estate development loans to projects with incomplete "four certificates"; 3, the five-level classification of loans is inaccurate; 4, violations of the issuance of credit loans to related parties; 5, failure to strictly review the eligibility of the trust subject, resulting in non-clean credit assets out of the table; 6, post-loan management is not performed, and the working capital loans are returned to the accounts of the borrowers and their legal representatives of the group companies.
In fact, this is not the first time that Hubei Bank has received a fine from the CBIRC system this year. According to the incomplete statistics of the financial reporter of China Net, Hubei Bank and its subordinate branches have received 3 fines from the Banking and Insurance Regulatory Commission system this year, with a total of 3.074 million yuan confiscated. The other two fines were specifically: on May 7, 2021, the Xianning Branch of Hubei Bank was fined 100,000 yuan for "failing to strictly implement preferential policies and collecting risk management fees for the exposure of small enterprise bank acceptance drafts"; on April 14, 2021, the Yingcheng branch of Hubei Bank was fined 350,000 yuan for "illegally passing on operating costs and indirectly increasing the financing costs of enterprises".
In response to repeated regulatory penalties, Hubei Bank replied: "In September 2019, the Hubei Banking and Insurance Regulatory Bureau organized a comprehensive inspection of local legal person financial institutions, including our bank, and the penalty information released by the BANKING AND INSURANCE REGULATORY on July 30, 2021 is the result of this inspection. In September 2019 and July 2020, the Xianning and Xiaogan Banking and Insurance Regulatory Bureaus conducted special on-site inspections of the Xianning Branch and Xiaogan Branch of our Bank respectively, and announced the inspection and punishment results on May 7, 2021 and April 14, 2021 respectively. ”
Hubei Bank further said: "Judging from the inspection of our bank by the regulatory authorities, it reflects that there are still certain problems in the implementation of credit policies, the implementation of regulatory requirements, and the implementation of internal systems. Our bank attaches great importance to this, and immediately investigates and corrects the problems found by the regulatory authorities, implements them item by item, and seriously pursues the responsibility and accountability of the relevant responsible persons. At present, the bank has completed all the rectification work of the problems found by the regulatory authorities. ”
Net profit fell by more than 20% in 2020
The financial reporter of China Net noted that before receiving the fine of the banking and insurance regulatory commission system, Hubei Bank ushered in new progress in impacting A-share IPOs. On July 21, 2021, Hubei Bank's official website issued a notice on the convening of the 2020 Annual General Meeting of Shareholders, which mentioned the deliberation of the "Proposal on Applying for the Initial Public Offering of RMB Ordinary Shares (A Shares) and Listing", "The Proposal on Applying for the Initial Public Offering of RMB Common Shares (A Shares) And Authorization in the Listing Process", etc.
In fact, Hubei Bank disclosed its intention to list in its annual report in 2015, and then proposed a "five-year listing" in its 2018 annual report. Regarding the latest listing progress, Hubei Bank also mentioned in the reply letter: "The third meeting of the fourth board of directors and the 2020 annual general meeting of shareholders of our bank deliberated and decided to apply for the initial public offering of RMB ordinary shares (A shares) and listing. At present, the listing work of our bank is in the listing counseling period, and after the acceptance of the counseling is passed, it will be formally declared to the China Securities Regulatory Commission. In accordance with the relevant provisions of the CSRC, our bank will disclose the Prospectus and other relevant information on time in accordance with the law. ”
As of now, Hubei Bank has not released its 2021 semi-annual report. Hubei Bank's 2020 annual report shows that in 2020, the bank achieved operating income of 7.821 billion yuan, down 2.27% year-on-year; achieved net profit of 1.553 billion yuan, down 20.78% year-on-year. In this regard, Hubei Bank explained in the reply letter: "The operating institutions and business scope of our bank are in Hubei Province. In 2020, Hubei, as the hardest hit area affected by the new crown pneumonia epidemic, our bank and our customers have inevitably been seriously affected, and their profitability has dropped significantly year-on-year. ”
At the same time, Hubei Bank mentioned in the reply letter: "In the face of this situation, our bank resolutely implements the central government's support for Hubei's development package policy and the work requirements of the provincial party committee and provincial government, goes all out to invest in epidemic prevention and control and post-epidemic revitalization, actively relieves enterprises from difficulties, and takes the initiative to bear the registration fees and assessment fees generated by small and medium-sized enterprises to handle pledge loans, and enterprises have achieved "zero fee" financing in our bank. Taking the initiative to reduce the loan interest rate, the average interest rate of the bank's loans decreased by 1.17 percentage points compared with the previous year, saving 700 million yuan in interest expenses for enterprises. It reflects the responsibility of our bank as a local bank and enterprise to overcome difficulties and overcome difficulties together. At the same time, our bank actively promotes internal potential mining, open source and throttling, and vigorously improves asset quality management capabilities, customer service capabilities, profitability and other measures, and achieves steady growth in business operations, and at present, our bank's operating efficiency has basically returned to the pre-epidemic level. ”
Recently, Ccxiol International released the 2021 tracking rating report of Hubei Bank, mentioning that the regional economy has been greatly affected by the epidemic, hubei bank concern and non-performing loans have grown rapidly and the real estate-related industries have a large exposure, the proportion of deferred principal and interest payment loans is high, and the future asset quality is still facing greater downward pressure. According to the 2020 annual report of Hubei Bank, as of the end of 2020, the balance of non-performing loans of the bank was 3.688 billion yuan, an increase of 1.128 billion yuan over the beginning of 2020, an increase of 44.05% year-on-year; the non-performing ratio was 2.49%, up 0.50 percentage points from the beginning of the year.
In this regard, Hubei Bank explained: "Since 2020, the asset quality of our bank has moved down, and the non-performing loan ratio has increased, mainly due to the impact of the epidemic, especially small and micro enterprises have been the most affected, and the main customers of our bank are small and micro enterprises. In order to support enterprises to resume work and production, for enterprises affected by the epidemic and temporarily encountering difficulties, our bank does not draw loans, continues to lend, does not pressure loans, adopts the policy of deferring principal and interest payments, so as to achieve 'should be extended', to help solve the difficulties of enterprise capital turnover, and the amount of deferred interest payments has reached 1.17 billion yuan. Although these measures have temporarily alleviated the financial difficulties of enterprises, after the loan is due, some enterprises are still unable to repay the principal and interest of the loan, and the loan is overdue or even non-performing. ”
In response to the question of whether asset quality has improved since 2021, Hubei Bank said that in 2021, as the domestic epidemic tends to stabilize, business operations will gradually recover, and credit risk pressure will gradually ease. At the same time, the bank has significantly improved its asset quality by steadily expanding the scale of credit, continuing to vigorously promote the clearance of non-performing loans, and strengthening the service for deferred principal and interest repayment enterprises. Judging from the market situation, the current demand for effective credit is still insufficient, the impact of the epidemic on enterprises has not been completely eliminated, and there are still many uncertainties in the future. The bank attaches great importance to this, further strengthens the analysis of the macro and micro situation, strengthens customer service, strengthens internal management, and adjusts the business strategy in a timely manner according to market changes.
According to public information, Hubei Bank was formed on the basis of the original five city commercial banks of Yichang, Xiangyang, Jingzhou, Huangshi and Xiaogan, and adopted the method of new merger. On February 27, 2011, Hubei Bank was officially established and headquartered in Wuhan.
This article originated from China Net Finance
![Ping An Bank, Ping An Property Insurance, and Ping An Health Insurance were fined; The list of a new batch of national tourist resorts has been released[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)