Jinshang Bank’s president has been appointed as chief risk officer for 10 years_Zhang Yunfei_Shanxi Province_Adequacy Ratio

Original title: Jinshang Bank president candidate has been appointed as chief risk officer for 10 years

21st Century Business Herald reporter Jia Junhui reported from Guangzhou

One and a half years after the vacancy of the position of president, the candidate for president of the Hong Kong-listed bank Jinshang Bank (02558.HK) finally surfaced.

On June 21, the 21st Century Business Herald reporter noticed that the leader introduction page of Jinshang Bank’s official website showed that Zhang Yunfei was the candidate for the bank’s president.

According to Jinshang Bank’s 2021 annual report, Zhang Yunfei has 25 years of experience in the banking industry. From September 1994 to August 2009, he worked in ICBC Taiyuan Branch and Shanxi Branch. He joined Jinshang Bank in September 2009 and worked in the bank’s risk management department until January 2014, during which he served as the general manager of the risk management department from May 2013 to January 2014; from May 2011 to April 2021 The bank’s chief risk officer; on April 30, 2021, Zhang Yunfei was appointed by the bank’s board of directors as the vice president to act as the president. According to the official website of Jinshang Bank, Zhang Yunfei is currently the deputy secretary of the party committee, vice chairman and president of the bank.

It is worth mentioning that as early as December 2020, Jinshang Bank issued an announcement saying that Tang Yiping, the bank’s president, resigned from his positions as president due to job transfer. Since then, the position of president of Jinshang Bank has been vacant, and Tang Yiping has assumed the role of president of Tianjin Rural Commercial Bank.

In fact, in the past two years, the lineup of executives of Jinshang Bank has changed frequently. On April 11 last year, the Organization Department of the Shanxi Provincial Party Committee released a list of cadres to be appointed, including 4 senior executives of Jinshang Bank: Hao Qiang, the current vice president of Jinshang Bank, intends to be the head of the provincial enterprise, and is currently the chief executive of Jinshang Bank. Zhang Yunfei, the risk officer, intends to be the deputy position of the provincial management enterprise. Zhao Jiquan, the current assistant to the president of Jinshang Bank and the chairman of Jinshang Consumer Finance Company, intends to be the deputy position of the provincial management enterprise. Guo Yonggang, the current president of Jinyang Branch of Jinshang Bank, Taiyuan, is proposed to be the deputy position of the provincial management enterprise. . After that, on April 23, Jinshang Bank held a bank-wide cadre meeting to announce that Hao Qiang was appointed as the secretary of the party committee of the bank and nominated as a director and chairman; Zhang Yunfei was appointed as the deputy secretary of the party committee of the bank and was nominated as a director, vice chairman and deputy bank. The candidate for the president; Zhao Jiquan was nominated as the candidate for the vice president of the bank.

According to public information, Shanxi Commercial Bank is a provincial-level legal person city commercial bank in Shanxi. It was officially established on February 28, 2009, and its headquarters is in Taiyuan, Shanxi. On July 18, 2019, the bank was listed on the Hong Kong Stock Exchange, becoming the first listed bank in Shanxi Province.

According to the 2021 annual report of Jinshang Bank, as of the end of 2021, the bank’s assets exceeded 300 billion yuan, reaching 303.292 billion yuan, an increase of 11.9% year-on-year, and it entered the middle-ranking sequence of national urban commercial banks. Among them, the total amount of deposits was 195.3 billion yuan, an increase of 12.6%; the total amount of loans was 155.7 billion yuan, an increase of 14.4%.

In terms of profitability, during the reporting period, Jinshang Bank achieved operating income of 5.391 billion yuan, a year-on-year increase of 10.7%; net profit attributable to equity holders of the bank was 1.686 billion yuan, a year-on-year increase of 7.6%.

In terms of asset quality, as of the end of last year, the non-performing loan ratio of Jinshang Bank was 1.84%, which was the same as that at the end of the previous year, but the balance of non-performing loans increased by 350 million yuan to 2.859 billion yuan compared with the same period of the previous year. In this regard, the bank stated that due to the adjustment of the real estate industry policy, some of its real estate customers will default in 2021, resulting in an increase in the total amount of non-performing loans. By means of collection, debt repayment, transfer, litigation, write-off and other means, the quality and efficiency of disposal will be continuously improved.

In terms of capital adequacy ratio, as of the end of last year, the capital adequacy ratio of Jinshang Bank increased slightly, mainly because the bank issued 2 billion yuan of tier 2 capital bonds during the reporting period; but the tier 1 capital adequacy ratio and the core tier 1 capital adequacy ratio were both There has been a decline, both from 10.72% to 10.10%. In this regard, the bank explained that the main reason is that it has increased its credit supply and increased risk-weighted assets.

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