银行业首例首席合规官落户华夏银行 新班底如何破局“四万亿大行之困”

Core Viewpoint - The appointment of Yang Hong as the first Chief Compliance Officer of Huaxia Bank marks a significant development in the banking industry, especially following the resignation of Chairman Li Minji, highlighting the bank's focus on strengthening internal controls and governance amid ongoing challenges [1][3][5]. Group 1: Appointment and Regulatory Context - Yang Hong's appointment as Chief Compliance Officer was approved by the National Financial Regulatory Administration on January 22, 2024, and he is expected to take office within three months [2][3]. - Huaxia Bank is the first bank to establish a Chief Compliance Officer under the new regulatory framework, which mandates financial institutions to have such a position to enhance compliance management [4][5]. Group 2: Internal Control and Governance Challenges - The bank has faced significant internal control issues, as evidenced by its low scores in governance and risk management, with scores of 87.46 and 85.43 respectively, placing it at the lower end among national commercial banks [5]. - In 2024, Huaxia Bank received 25 regulatory penalties totaling 19.63 million yuan, indicating ongoing compliance challenges [5][6]. Group 3: Financial Performance and Operational Efficiency - Huaxia Bank's net profit for the first half of 2024 was 12.46 billion yuan, with a workforce of 38,900, resulting in a profit per employee of only 320,000 yuan, significantly lower than its peer Beijing Bank, which reported a profit per employee of 751,400 yuan [8][9]. - The bank's operating income has declined for two consecutive years, with net interest income dropping from 79.61 billion yuan in 2021 to 70.44 billion yuan in 2023, and a further decline of 8% in the first three quarters of 2024 [10][11]. Group 4: Asset Quality and Market Position - As of the end of Q3 2024, Huaxia Bank's non-performing loan ratio stood at 1.61%, the highest among nine A-share listed banks, with a provision coverage ratio of 166%, significantly below the average of 219.44% [11]. - The bank has been closing credit card centers, with three closures in less than a year, reflecting a disconnect between card issuance and user engagement, as evidenced by a 14.1% decline in credit card transaction volume in the first half of 2024 [12].