Core Points - On October 26, Jinzhou Bank announced that it will be fully acquired by Industrial and Commercial Bank of China (ICBC), with the transfer of related assets, liabilities, businesses, branches, and personnel [1] - Jinzhou Bank was established in 1997 and listed on the Hong Kong Stock Exchange in December 2015, becoming the third city commercial bank from Northeast China to be listed [1] - The bank faced significant challenges post-listing, including a major performance crisis in 2018 and a severe interbank liquidity crisis in 2019, leading to emergency interventions by regulatory authorities and the introduction of institutional investors [1] Financial Restructuring - Following financial restructuring, Jinzhou Bank's financial indicators improved significantly, with the core Tier 1 capital adequacy ratio rising to 8.85%, 10.38%, and 12.56%, and the non-performing loan ratio decreasing to 1.95% [2] - The restructuring was completed by September 30, 2020, allowing Jinzhou Bank to regain its operational capabilities and stabilize risks [2] - However, the bank's operational performance did not show further improvement, with total assets reported at 826.55 billion yuan and net loans and advances at 574.79 billion yuan as of mid-2022 [2] Financial Performance - From 2017 to mid-2022, Jinzhou Bank's operating revenues were 18.81 billion yuan, 21.28 billion yuan, 23.17 billion yuan, 9.31 billion yuan, 12.57 billion yuan, and 5.56 billion yuan, respectively [2] - The net profits during the same period were 9.09 billion yuan, -4.54 billion yuan, -1.11 billion yuan, 154 million yuan, 10.2 million yuan, and 14.2 million yuan [2] - On April 15, 2024, Jinzhou Bank announced that it would withdraw its H shares from the Hong Kong stock market, marking its exit from the market [2]
工行正式“收编”锦州银行，资产、负债、业务、网点、人员全承接