桂林银行A股IPO辅导期20个月仍有两项问题待解，还有城商行辅导期已近15年

Core Viewpoint - Guilin Bank reported a revenue of 12.054 billion yuan for 2024, marking a year-on-year increase of 4.88%, and a net profit of 2.32 billion yuan, up 5.80% year-on-year. However, the first quarter of 2024 saw a decline in revenue by 11.3% year-on-year [1][2]. Financial Performance - For 2024, Guilin Bank's total assets reached 576.447 billion yuan, a growth of 6.23% from the beginning of the year. Total deposits amounted to 391.778 billion yuan, increasing by 3.47%, while total loans rose to 360.280 billion yuan, up 10.93% [1]. - The capital adequacy ratio stood at 11.67%, with a provision coverage ratio of 131.94% and a non-performing loan ratio of 1.68%, meeting regulatory requirements [2]. IPO Progress - Guilin Bank has been in the IPO counseling phase for 20 months, with the need to resolve issues related to property rights and pending legal disputes before proceeding with the IPO process [1][3]. - The bank's management has seen changes, with five executives resigning, including the former chairman, who served from December 2019 to April 2025. The current chairman is acting in the role of the bank's president [2]. Industry Context - The A-share market has not seen any new bank IPOs for over three years, while the Hong Kong market has seen some activity, such as Yibin Bank's recent listing [4]. - Many banks, including Guilin Bank, face challenges related to property rights and ownership issues, which are common among banks currently in the IPO counseling phase [5]. - The overall environment for bank IPOs is challenging, with low valuations and strict regulatory scrutiny making it difficult for banks to go public [6].