RMB 65,438+065,438+0.765,438+0 billion was lent to affiliated enterprises.
Dafeng Rural Commercial Bank wrote off more than 700 million yuan of non-performing loans before IPO.
Economic Information Daily □ Reporter Wu Yong reports from Beijing
A few days ago, Jiangsu Dafeng Rural Commercial Bank Co., Ltd. (referred to as "Dafeng Rural Commercial Bank") disclosed the IPO prospectus (declaration draft) on the website of the China Securities Regulatory Commission, becoming another rural commercial bank sprinting for A shares. Looking through the prospectus, the Economic Information Daily reporter found that although the performance of this rural commercial bank increased steadily during the reporting period (referring to 20 15, 20 16, 20 17, the same below), the risks of non-performing loans and related loans (related transactions) disclosed in its prospectus are worthy of investors' attention. It should be noted that Dafeng Rural Commercial Bank wrote off more than 700 million yuan of non-performing loans before the IPO, of which 20 14 and 20 15 wrote off nearly 300 million yuan.
According to the prospectus, Dafeng Rural Commercial Bank is a county-level rural commercial bank located in Dafeng District, Yancheng City, Jiangsu Province. Its predecessor is Dafeng Rural Credit Cooperative Association, and its main business mainly includes corporate banking, retail banking, capital business and international business. Because the bank's equity is relatively scattered, there is no controlling shareholder and actual controller. At present, the bank has a head office 1 business department in Yancheng area, and has 38 sub-branches, 37 of which are all within Dafeng District.
During the reporting period, the operating income of Dafeng Rural Commercial Bank was 866 million yuan, 1.0 1 billion yuan and 978 million yuan respectively, showing a fluctuating upward trend; The net profit realized in the current period was 254 million yuan, 364 million yuan and 43.65438+0 million yuan respectively, which also showed a steady upward trend. The financial report shows that the net interest income is the main source of the profit of Dafeng Rural Commercial Bank. During the reporting period, the Bank's net interest income was 762 million yuan, 873 million yuan and 985 million yuan respectively.
The reporter of Economic Information Daily noticed that Dafeng Rural Commercial Bank was at the bottom of the industry in terms of asset scale, operating income and other indicators among many rural commercial banks waiting in line for IPO and already listed. As of June 365438+February 3 1 20 17, Dafeng Rural Commercial Bank had total assets of 4365438+190,000 yuan, loans and advances of1913700 yuan and deposits of 30.48 billion yuan. In this regard, Dafeng Rural Commercial Bank admits that compared with state-owned commercial banks and other listed commercial banks, the bank has a small scale and limited anti-risk ability. The Bank's ability to resist the risk of major changes in the economic environment or major changes in laws and policies is weak. If banks can't resist these risks, their operating performance, financial status and development prospects will be adversely affected.
It is worth noting that while the performance is growing rapidly, the total liabilities of Dafeng Rural Commercial Bank are also rising year by year. The bank's total liabilities at the end of 20 15, 20 16 and 20 17 were 25.445 billion yuan, 36.574 billion yuan and 40.343 billion yuan respectively, and the total liabilities at the end of 20 17 were higher than those at the end of 20 15. In this regard, Dafeng Rural Commercial Bank explained that the absorption of deposits accounted for the largest proportion of liabilities, and the bank's absorption of deposits grew rapidly.
According to the prospectus, as of 20 15, 12, 3 1, 20 16, 12, 3 1 7,/kloc-. To this end, Dafeng Rural Commercial Bank specifically revealed the risks of non-performing loans. Dafeng Rural Commercial Bank believes that if the credit risk management policies, processes and systems fail to operate effectively, it may lead to an increase in non-performing loans and adversely affect the loan quality of the bank. In addition, the loan quality of the Bank may also be affected by various other factors, such as the unfavorable macroeconomic trends such as the slowdown of Yancheng's economic growth, which may weaken the repayment ability of the Bank's borrowers, thus adversely affecting the Bank.