Recently, Zhongyuan Bank suffered from the embarrassing situation of stock price breaks and frequent stock auctions. Why is this bank "money road" so rough?
Stock price break
The reporter noted that the share price of Zhongyuan Bank has long been lower than the initial price of 2.45 Hong Kong dollars / share, and recently fell below this value. As of March 13, the closing price was 2.32 Hong Kong dollars / share, compared with the initial price has shrunk by more than 5%.
In this regard, there isBrokerPeople told the International Finance News reporter that "it is not unusual for listed stocks to break and break. However, in terms of volume, the bank has not had large inflows and outflows of funds for many days. That is noMain forceThe funds are subscribed for, indicating that the market may have certain non-acceptance to the bank. ”
At the same time that the stock price underperformed, the bank's equity has also frequently encountered streaming in the near future.
January 15th, Zhongyuan BankshareholderDadong Industrial Co., Ltd. auctioned the bank's 1.365.85 million shares in the Ali auction platform. The starting price was 2,495,410 yuan, that is, the price per share was 1.83 yuan per share, which was lower than the evaluation price of 2.03 yuan per share. The auction was caused by the absence of one person. In the subsequent secondary auction, even if the price of this part of the stock price was reduced to 212.11 million yuan, or 1.55 yuan per share, no one still registered.
According to relevant media statistics, in 2018, the shares of Zhongyuan Bank were auctioned up to 180 on the Ali auction platform, and the auction price was mostly lower than the evaluation price, but the result was mostly auction failure or streaming.
In this regard, economist Song Qinghui said in an interview with the "International Finance News" reporter that the bank's equity is not higher than other companies, and it is difficult for some poorly managed banks to even sell low-priced shares.
Song Qinghui said that frequent auctions of equity will have a negative impact on the stability of the relevant banks. The poor performance of Zhongyuan Bank’s Hong Kong stocks indicates that Hong Kong stock investors have no confidence in the future development of the bank.
Asset quality pressure
According to public information, Zhongyuan Bank is the largest city commercial bank in Henan Province. It was established at the end of 2014 and was formed by 13 city commercial banks in Kaifeng, Anyang and Hebi in Henan Province. It was handed over in Hong Kong on July 19, 2017. Listed.
As of the end of June 2018, the balance of non-performing loans of Zhongyuan Bank was 4.414 billion yuan, an increase of 771 million yuan compared with 3.643 billion yuan at the end of 2017; the non-performing loan ratio was 1.88%, an increase of 0.05 percentage points from the end of 2017. In addition, as of the end of June 2018, the proportion of overdue loans of Zhongyuan Bank to total loans increased by 0.24 percentage points to 5.55% from the end of 2017.
In terms of capital level, as of the end of June 2018, the bank's core Tier 1 capital adequacy ratio, Tier 1 capital adequacy ratio and capital adequacy ratio were 10.74%, 10.75% and 11.59% respectively. Although it meets the regulatory requirements for capital adequacy ratio, it has decreased by 1.41 percentage points, 1.41 percentage points and 1.56 percentage points respectively compared with the end of 2017.
In addition, Zhongyuan Bank also has certain hidden concerns in its management. The reporter found out that this year, Zhongyuan Bank has received multiple tickets in succession.
On January 10, Hebi Branch of Henan Banking Regulatory Bureau issued a fine to Zhongyuan Bank Hebi Branch, and the reason for the punishment was illegal.CreditThe bill business was therefore fined 450,000 yuan.
On January 14, the three penalties issued by the Henan Banking Regulatory Bureau Nanyang Banking Supervision Branch to Zhongyuan Bank were all around the violation of “loan transfer”.
On January 15, the Henan Banking Regulatory Bureau Jiaozuo Branch issued a fine for the Central Plains Bank Jiaozuo Branch. Due to the delay payment, the working capital loan was diverted to investment and transferred to the loan. The bank was fined 200,000 yuan.
According to a banking industry insider, “in fact, when a bank issues a loan, it forcibly detains a certain percentage of the loan as a deposit. This increases both the deposit and the loan item from the accounting subject. Expenditure can not only respond to bank indicators, but also beautify to some extent.Financial Statements. ”
(Article source: International Finance News)