Core Viewpoint - Zhongyuan Bank is undergoing a leadership change with the appointment of Zhou Feng as the new president, following the resignation of Liu Kai due to work adjustments. Zhou's qualifications are pending approval from the Henan Financial Regulatory Bureau [2][3]. Leadership Change - On October 17, Zhongyuan Bank announced the resignation of Liu Kai as president, with Zhou Feng appointed as his successor. Zhou's appointment as an executive director is subject to approval at the upcoming shareholders' meeting and regulatory approval [3][4]. Background of Zhou Feng - Zhou Feng, born in 1977, has extensive experience in financial regulatory bodies and local government. He worked for nearly 17 years at the Henan Regulatory Bureau of the China Banking and Insurance Regulatory Commission before transitioning to local government roles [4]. Management Structure - The current management team of Zhongyuan Bank includes members with government backgrounds, such as Chairman Guo Hao. The bank has seen frequent adjustments in its executive team this year, with a current structure of one president, four vice presidents, and six assistants [5]. Asset Quality Concerns - Zhongyuan Bank has faced challenges with asset quality, maintaining a high non-performing loan (NPL) ratio. As of mid-2023, the NPL ratio was 2.01%, which is above the average for city commercial banks [2][6]. Financial Performance - The bank's financial performance has shown mixed results. In 2022, operating income increased by 32.8% to 25.61 billion, but net profit only grew by 5.3% to 3.83 billion due to rising operating expenses and asset impairment losses [7][8]. Cost Management Efforts - To address profitability pressures, Zhongyuan Bank has implemented cost-cutting measures, resulting in a 7.4% reduction in operating expenses in the first half of 2025. The bank's capital adequacy ratios have also improved [8].
中原银行迎“75”后新行长，资产质量攻坚成首要考验