1996 65438+ 10/2 China Minsheng bank was formally established in Beijing. China Minsheng Bank is a national joint-stock commercial bank initiated by private enterprises. It is a modern financial enterprise established in strict accordance with China's commercial banking law and company law.
The bank is mainly engaged in absorbing public deposits, issuing loans, handling domestic and foreign settlements and other businesses approved by the the State Council Banking Regulatory Authority. It was listed on Shanghai Stock Exchange on June 5438+February 65438+September 2000 and on Hong Kong Stock Exchange on June 5438+1October 26, 2009.
Minsheng Bank is a private enterprise. China Minsheng bank co., ltd (SSE: 6000 16 HKEx: 0 1988) is the first national commercial bank initiated by private capital in Chinese mainland, which was established in 1996 12. The main shareholders are Liu Yonghao's New Hope Group, Zhang Hongwei's Oriental Group, Lu Zhiqiang's China Oceanwide Holding Group, China Shipowners Mutual Insurance Association represented by Wang Yugui, China Life Insurance, Shi Yuzhu and so on.
As can be seen from the public information, the net profit of Minsheng Bank dropped sharply in 2020, from 54.9 billion in 20 19 to 35 10 billion, a decrease of 36%. As for the reason, the most direct reason is that it has made a large provision for bad debts. In 2020, the "credit impairment loss" in the consolidated income statement increased by 30 billion (the parent company's statement increased by 29 billion). What is the root of people's livelihood bad debts?
At the shareholders' meeting of 1 1, the current chairman Gao gave an implicit answer to this question: In the past, Minsheng Bank paid too much attention to short-term interests and neglected risk management and compliance management.
The business department system established in the name of improving the enthusiasm of employees not only failed to improve the enthusiasm of employees, but also stimulated the evil of human nature, which eventually led to a large number of bad debts. So the problem of bad debts must be a management problem!
Chairman Gao, the new chairman, prescribed the following prescriptions: unite with others, completely change the original business philosophy of excessively pursuing short-term interests while ignoring risks and compliance, and return to the sustainable road of steady operation and compliance management.
Specific measures, such as:
1, cut off the system of relevant business departments, and Vice President Yuan even expressed this point as: the system formed by non-performing loans no longer exists;
2. Establish a full-time loan approval system;
3. The first-level departments of the head office will be streamlined by 20%, and the management will be specialized, so as to promote the change of assessment methods at the grass-roots level.
In fact, the operation has improved, such as the non-performing loan ratio in the first quarter has dropped to 0.42%, with an annualized rate of 1.68%.
The consequence of Minsheng Bank's past management problems is not only a bad debt problem, but also a more serious problem, that is, the poor customer base. The poor customer base leads to the debt side, the scale does not go up, and the cost is still high. This is a big problem that fundamentally restricts the development of Minsheng Bank. This can be reflected from its loan-to-deposit ratio data. In 2020, the loan of Minsheng Bank was 3,853.9 billion yuan, but the deposit was only 3,768,654.38 billion yuan, which exceeded 100% for the first time in loan-to-deposit ratio in recent years. Although the regulatory authorities have cancelled 75% of the regulatory requirements, loan-to-deposit ratio has exceeded 100%, which shows that Minsheng Bank's ability to absorb deposits is too poor. I want to change this situation, but it can't be solved overnight. The management also said that one year is too short, and it is expected to take three years.
It takes time and a long time to change the problem of poor customer base. What about before improvement? No one asked at the shareholders' meeting, nor did the management mention it. But if you think about it, you will know that replenishing capital is the most effective way.
In addition, in specific operations, the asset structure of people's livelihood will also be adjusted, that is, personal housing loans will be increased.