Cicero, a famous ancient Roman philosopher, said in his letter to a friend, "It is a great shame to trip over the same stone twice."

In recent years, Zhejiang Mintai Commercial Bank (hereinafter referred to as "Mintai Bank") has been tripped over the stone of "hiding non-performing loans" for more than two times. Previously, the bank was punished for various reasons such as false transfer of non-performing credit assets, which can be described as "repeated punishment and repeated crimes". Just a few days ago, the bank was fined 900,000 yuan by Taizhou Banking Supervision Branch for "hidden badness".

The reporter of China Times called several times about the punishment of Mintai Commercial Bank for "concealing non-performing assets" through unclean non-performing assets, but as of press time, the reporter did not receive a reply from the bank.

A senior banker who asked not to be named told reporters: "By covering up non-performing assets, individual banks can not only reduce the non-performing loan ratio to meet the regulatory requirements, but also reduce the provision, make the profit data brighter, beautify the financial statements, and be more competitive in the peer market."

In addition, in recent years, a large number of shares of Mintai Bank have been pledged, which is quite interesting. According to public information, nearly 654.38 billion shares of the bank have been pledged, accounting for 25.6% of all shares. Among them, four of the top ten shareholders pledged all their bank shares.

Hide bad habits and eat tickets repeatedly

The penalty information shows that Mintai Bank "failed to conduct comprehensive risk management in accordance with prudent business rules, resulting in significant risks; Concealing non-performing loans through untrue and clean transfer of non-performing credit assets was fined 900,000 yuan by Taizhou Banking Supervision Branch. The responsible person was warned and fined more than 654.38 million yuan for failing to conduct comprehensive risk management of Mintai Bank according to the principle of prudent operation, resulting in major risk violations.

In fact, it is not the first time that Mintai Bank has been punished for "hiding bad assets". As early as 20 12 1.4, the bank was fined 500,000 yuan by Taizhou Banking Supervision Branch for illegally transferring non-performing assets. 2065438+On April 25th, 2008, Hangzhou Branch of Bank of Mintai was fined 2.05 million yuan by Zhejiang Supervision Bureau of China Banking Regulatory Commission for concealing the quality of assets and falsely increasing deposits and loans. On September 20 17 18, the bank was fined RMB 3 10/0,000 by Taizhou Supervision Branch of China Banking Regulatory Commission for violating regulatory provisions and accounting standards to reduce credit risk indicators, inaccurate five-level classification of asset quality, serious violation of prudent operating rules in internal control management, and issuance of false statements through false transfer of non-performing credit assets.

In addition, the relevant person in charge of the bank was also subject to administrative punishment because of his leadership responsibility for "hidden bad". 2065438+On September 29th, 2008, the penalty information disclosed on the website of China Banking Regulatory Commission showed that Yang Xiaobo was given a warning and fined 654.38+million yuan for his leadership responsibility for Mintai Bank's violation of regulatory provisions and accounting standards to reduce credit risk indicators, inaccurate five-level classification of asset quality and false statement through false transfer of non-performing credit assets. On October 20181June 0 10, Zhu Hua was warned and fined RMB 50,000 because he was in charge of the internal control management of Mintai Bank, which seriously violated the prudent operating rules and made false statements by falsely transferring non-performing credit assets.

Judging from the above fines, the penalty of "bad concealment" of non-performing assets of Bank of Mintai mostly occurred on 20 18, and the bank did not reply to it. However, the reporter noted that this is inseparable from the regulatory authorities' efforts to intensify rectification on 20 18.

In 20 17, the former CBRC issued the Notice of the General Office of China Banking Regulatory Commission on the Special Governance of Banking Industry "Regulatory Arbitrage, Idle Arbitrage and Related Arbitrage", which included whether to clean up or falsely report non-performing assets through illegal transfer of various asset management plans, whether to violate regulatory provisions or accounting standards, and whether to cover up non-performing assets by adjusting loan classification, loan collection and loan transfer. Since 20 18, rectifying the chaos of non-performing assets has become an important content of financial supervision. Mintai Bank was not spared, and many "hidden bad behaviors" were investigated.

It is worth noting that with the rectification of bad behaviors by the regulatory authorities, the asset quality of Mintai Bank showed signs of deterioration on 20 18. The annual report shows that by the end of 20 18, the bank's bad Shuang Sheng has reached the highest value in recent years. Among them, the balance of non-performing loans was 65.438+94.3 million yuan, an increase of 82.96% compared with 2065.438+07. The non-performing loan ratio was 2.4 1%, up by 0.84 percentage points over the previous year; In the same period, the provision coverage ratio was 1 18.73%, down by 57.36 percentage points; The capital adequacy ratio was 1 1.63%, a year-on-year decrease of 1.2 percentage points. In 20 18, the average NPL ratio, provision coverage ratio and capital adequacy ratio of commercial banks were 1.83%, 186.3 1% and 14.2% respectively. Obviously, the asset quality of Mintai Bank is obviously lower than the industry average.

In 20 19, Bank of Mintai stepped up the disposal of non-performing loans, collecting 463 million yuan in cash and writing off 50 10/00000 yuan. The balance of non-performing loans16160,000 yuan, a decrease of 3170,000 yuan compared with the beginning of the year. However, the good times did not last long. At the end of the third quarter of 2020, the bank's non-performing loan balance rose again, reaching 65.438+68.9 billion yuan, an increase of 4.52%.

The equity pledge rate reached 25.6%

Official website showed that the predecessor of Mintai Bank was Wenling Credit Cooperative, which was established in May. 1988. In 2006, it was officially transformed into a city commercial bank. By the end of September 2020, the registered capital of the bank was 38 1. 1 billion yuan, and the total assets were 1.74629 billion yuan, an increase of 2,035,438+0% compared with the beginning of the year.

Although the asset scale of Mintai Bank has achieved double-digit growth, the growth rate of its income and net profit has slowed down significantly. Specifically, at the end of the third quarter of this year, the bank achieved an operating income of 355 1 billion yuan, a year-on-year increase of 2.65%, and a net profit of 584 million yuan, a year-on-year increase of 5.53%. At the end of the third quarter of 2065438+2009, the bank achieved revenue of 3.46 billion yuan, an increase of 32.57%, and net profit of 553 million yuan, an increase of 46.05%.

In addition, the pledge of a large number of shares of Bank of Mintai also attracts people's attention. According to the national enterprise credit information publicity system, the bank has 45 * * shares pledged, with 976 million shares pledged, accounting for 25.6% of all shares. Among them, Wenling Enke Doors and Windows Manufacturing Co., Ltd., Tianjin Tong Yuan Precious Metals Management Co., Ltd., Shuguang Holding Group Co., Ltd. and Wenling Juan Building Materials Trading Co., Ltd., the second largest shareholder among the top ten shareholders of the bank, pledged all the shares.

Yuanfeng Holding Group Co., Ltd., the third largest shareholder, pledged 38 million shares, accounting for 24.5% of its shares, and Wenzhou Dajin Commercial Development Co., Ltd., the ninth largest shareholder, pledged 65.438+0.2 billion shares, accounting for 96% of its shares.

"Under normal circumstances, equity pledge will not have a negative impact on banks, but if the pledge ratio is too high, the major shareholders of banks will change hands, which will affect the stable operation and related decisions of banks and even lead to internal disputes." The person further stated.

Bank of Mintai did not reply to the question whether a large number of equity pledges affect the stability of the equity structure.

In order to control the risk of bank equity pledge, the regulatory authorities have repeatedly issued relevant policies to strengthen equity management. In 20 13, the regulatory authorities issued the Notice on Strengthening the Management of Equity Pledge in Commercial Banks, requiring commercial banks to improve the management system of equity pledge in banks, formulate the management measures of equity pledge in light of the actual situation, and standardize the handling process, filing elements, risk assessment requirements and follow-up measures of equity pledge in banks. 20 18 The former CBRC issued the Interim Measures for Equity Management of Commercial Banks, which further regulated the unclear equity structure, illegal related party transactions and irregular shareholding ratio.

In July this year and February 12, the CBRC has published two lists of illegal shareholders. The person in charge of the relevant departments of the China Banking Regulatory Commission said that it will further improve the supervision level of shareholders' rights and interests, strengthen the penetrating supervision of shareholders and sources of funds, ensure the legal compliance of shareholders' qualifications and sources of funds, standardize the behavior of equity pledge and share transfer, and improve the supervision system of related party transactions.