被蛀空的银行！榆次农商行评级三连降，超三成贷款沦为不良

Core Viewpoint - The financial distress of Yuci Rural Commercial Bank is highlighted by alarming metrics such as negative net interest margin, negative revenue, and negative capital adequacy ratio, leading to a downgrade in its credit rating by China Chengxin International Credit Rating Co., Ltd. [1][13] Group 1: Financial Performance - In 2024, Yuci Rural Commercial Bank reported a net interest margin of -0.53% and a net operating income of -0.22 million yuan, marking two consecutive years of losses [1] - The bank's non-performing loan balance surged to 3.756 billion yuan, a 41.26% increase from the beginning of the year, with a non-performing loan ratio skyrocketing to 34.43% [1][11] - The capital adequacy ratio and core tier one capital adequacy ratio plummeted to -21.26% and -23.87%, respectively, significantly below regulatory requirements [1][11] Group 2: Historical Context and Governance Issues - The risk exposure of Yuci Rural Commercial Bank is traced back to the infiltration of the "De Yu System" into the Shanxi financial system over the past decade [2] - The "De Yu System," controlled by businessman Tian Wenjun, gradually became the largest shareholder of Yuci Rural Commercial Bank, establishing a network covering nearly 20 banks in Shanxi [4] - The former chairman of Yuci Rural Commercial Bank, Cao Shuangma, accepted bribes totaling 17.25 million yuan, facilitating numerous illegal financing loans for the "De Yu System" [8][10] Group 3: Asset Quality and Risk Management - The bank's asset quality deteriorated rapidly post the collapse of the "De Yu System," with non-performing loan ratios jumping from 16.94% in 2022 to 34.43% in 2024 [11] - As of the end of 2024, the bank's loan impairment provision balance was only 0.14 million yuan, resulting in a provision coverage ratio of 0.38%, far below regulatory requirements [11] - The bank's management structure is fragmented, with a high proportion of shareholders being listed as untrustworthy, leading to ineffective risk control and management chaos [12] Group 4: Recovery Efforts and Industry Challenges - In response to the crisis, Yuci Rural Commercial Bank initiated multiple self-rescue efforts, including a special meeting to address risk asset disposal [15] - The bank has engaged third-party companies for the collection of small non-performing loans and has announced the leasing and sale of debt assets [16] - The broader context reveals that many rural commercial banks are facing significant operational challenges, with a notable decline in net interest margins across various banking sectors [18]