5000亿桂林银行董事长突遭罢免！

Core Viewpoint - The sudden resignation of Wu Dong as the chairman of Guilin Bank raises concerns about the bank's internal issues and its upcoming IPO process, with new leadership under Zhang Xiande who has extensive banking experience [2][3][4]. Leadership Changes - Wu Dong resigned on April 28, 2024, and was replaced by Zhang Xiande, who has been with Guilin Bank since 2011 and has held various senior positions [2][4]. - Wu Dong's resignation followed his removal as a representative at the regional level, indicating potential political or governance issues [3][4]. Financial Performance - Guilin Bank reported a revenue of 95.24 billion yuan and a net profit of 22.73 billion yuan for the first three quarters of 2024, marking year-on-year growth of 9.44% and 9.91% respectively [5]. - The bank's interest income accounted for over 80% of its total revenue, highlighting its reliance on interest-based earnings [5]. Asset Quality and Risks - As of Q3 2024, Guilin Bank's non-performing loan (NPL) ratio was 1.87%, an increase of 0.22% from the previous year, while the provision coverage ratio decreased to 137.65% [5][6]. - The bank's capital adequacy ratio stood at 12.01%, slightly lower than the previous year, indicating potential capital constraints [5][6]. Regulatory Compliance - Guilin Bank's NPL ratio is higher than the average for commercial banks, while its provision coverage and capital adequacy ratios are below industry standards [6]. - The bank has faced multiple penalties for internal control failures, including issues related to loan management and asset disposal [8]. IPO Progress and Challenges - Guilin Bank initiated its IPO process in August 2023, but faces significant challenges, including unresolved legal disputes and issues with property rights documentation [5][9]. - The bank's high loan concentration poses additional risks, with significant exposure to major shareholders and borrowers [9]. Future Outlook - The ability of Guilin Bank to become the first listed bank in Guangxi remains uncertain, especially in light of leadership changes and ongoing financial challenges [10].