天府银行股权、业绩“双承压”，国资增资难解治理困局

Core Viewpoint - Tianfu Bank is facing significant challenges, including a decline in performance, asset quality issues, and instability in its shareholder structure, which could impact its future operations and governance [1][2][6]. Group 1: Shareholder Structure and Capital Operations - A 10% stake in Sichuan Tianfu Financial Leasing, a subsidiary of Tianfu Bank, will be auctioned on October 18 with a starting price of 126 million yuan [1][2]. - The bank's core shareholders are under financial distress, with several among the top 12 shareholders becoming executors or facing consumption restrictions, further stressing the stability of the bank's equity structure [2][5]. - In 2024, Tianfu Bank initiated a 5 billion yuan capital increase, bringing the state-owned shareholding ratio to 55.96%, with Shudao Group becoming the largest shareholder at 23.35% [1][2]. Group 2: Financial Performance - In 2024, Tianfu Bank reported a main business revenue of 2.399 billion yuan, a year-on-year decline of 2.48%, and a net profit of 334 million yuan, down 21.60% from the previous year, marking the fourth consecutive year of revenue decline [3][4]. - The bank's total assets reached 259.968 billion yuan by the end of 2024, with a significant increase since 2010, yet net profit has decreased, indicating poor asset operational efficiency [4][6]. Group 3: Asset Quality and Regulatory Issues - As of the end of 2024, Tianfu Bank's non-performing loan (NPL) rate stood at 2.10%, significantly higher than the national average of 1.76% for city commercial banks [5][6]. - The bank has faced regulatory penalties twice within six months, highlighting internal control weaknesses across its operations, including account management and loan approval processes [5][6]. - The bank's NPL balance was 3.115 billion yuan, with a provision coverage ratio of 195.18%, indicating challenges in managing and disposing of non-performing assets [5]. Group 4: Strategic Challenges and Future Outlook - Despite ongoing capital operations, including acquiring a 43.6% stake in a village bank, the effectiveness of these moves in mitigating risks remains uncertain, especially given the bank's current financial strain and high non-performing assets [6]. - The bank's decline from a peak net profit of over 2 billion yuan in 2015 to 334 million yuan in 2024 reflects broader challenges faced by small and medium-sized city commercial banks amid market changes [6].