After receiving a 6 million yuan fine from the central bank earlier this year, Guangzhou Rural Commercial Bank was again severely fined.
On June 28, the central bank issued a ticket stating that Guangzhou Rural Commercial Bank was fined more than 2 million yuan for six violations of laws and regulations including financial consumer rights protection management regulations, and the then director of compliance and risk of the bank’s credit card center was also fined. .
He was fined more than 2 million yuan for six violations of laws and regulations
The six violations of Guangzhou Rural Commercial Bank include: violation of financial statistics management regulations; violation of payment and settlement management regulations; violation of RMB cash receipt and payment and currency anti-counterfeiting and anti-counterfeiting management regulations; violation of treasury management regulations; Provisions on the Administration of the Protection of Financial Consumer Rights and Interests.The Guangzhou branch of the central bank issued a warning and a fine of 2.329 million yuan to the bank.
At the same time, Li Xuedong, then the compliance and risk director of the credit card center of Guangzhou Rural Commercial Bank, was directly responsible for the bank's "violation of credit management regulations" and was fined RMB 10,000.
This is not the first time the bank has been fined this year.In January this year, the bank received a large fine of nearly 6 million yuan for three violations of laws and regulations, including failure to perform customer identification obligations, failure to submit large-value transaction reports or suspicious transaction reports, and transactions with unidentified customers. .
Five relevant persons in charge of the bank were also fined at the same time, including Guo Jianfang, then general manager of the Anti-Money Laundering Center, Dong Hongfeng, then deputy general manager of the Credit Card Center (in charge of work), and Radar, then assistant general manager of the Corporate Finance Department (in charge of work). , Li Ju, the then general manager of the operation management department, and Lin Shumao, the then general manager of the financial technology department.
Net profit fell by nearly 40%, and NPL ratio rose for 3 consecutive years
Guangzhou Rural Commercial Bank, formerly known as Guangzhou Rural Credit Cooperative established in 1952, was restructured into a rural commercial bank in December 2009 and listed in Hong Kong in June 2017 with a registered capital of 9.808 billion yuan.As of the end of 2021, the total assets of Guangzhou Rural Commercial Bank were 1,161.629 billion yuan.
The bank's 2021 annual performance report shows that last year the bank achieved operating income of 23.481 billion yuan, a year-on-year increase of 10.66%; but pre-tax profit was 4.457 billion yuan, a year-on-year decrease of 29.11%; net profit was 3.776 billion yuan, a year-on-year decrease of 28.43%; The profit was 3.175 billion yuan, down 37.51% year-on-year.
In response to the year-on-year decline in pre-tax profit and net profit, the bank explained that it was mainly due to the fact that under the influence of the complex external environment and the impact of the epidemic, the bank provided a large amount of asset impairment losses to enhance its ability to resist risks.
In terms of asset quality, the bank's non-performing loan ratio has risen for three consecutive years.As of the end of last year, the bank's non-performing loan ratio was 1.83%, an increase of 0.02 percentage points from 1.81% at the end of 2020, and an increase of 0.1 percentage points from 1.73% in 2019. The indicator was 1.27% at the end of 2018.At the end of last year, the bank's provision coverage ratio was 167.04%, an increase of 12.19 percentage points from the end of 2020.
In terms of capital adequacy ratio indicators, as of the end of last year, the bank's core tier 1 capital adequacy ratio, tier 1 capital adequacy ratio, and capital adequacy ratio were 9.68%, 11.06%, and 13.09%, respectively, up from the end of 2020.At the end of 2020, the above three indicators of the bank were 9.20%, 10.74% and 12.56% respectively.
It is worth mentioning that since the bank's capital adequacy ratio indicator continued to decline for a time, until the end of 2021, Guangzhou Rural Commercial Bank issued domestic shares after placing new H shares.
(Editor in charge: Guan Jing)
