Core Viewpoint - Huishang Bank has been penalized for compliance violations, revealing significant internal management issues as it prepares for its A-share listing, which has faced delays due to ongoing governance and legal challenges [1][20]. Regulatory Penalties - Huishang Bank was fined 2.4 million yuan for imprudent loan product management and inadequate due diligence, with key personnel facing bans from the banking industry [4][2]. - The bank's Hefei Baohe Industrial Park branch was fined 300,000 yuan for insufficient pre-loan investigations, and a senior manager received a lifetime ban from the banking sector [4][2]. - In 2024, Huishang Bank faced a total of 41 penalties amounting to nearly 25 million yuan, making it the city commercial bank with the highest regulatory fines [7]. Internal Management Issues - The bank has a history of compliance failures, with multiple senior executives facing legal issues, including former chairman Li Hongming, who was sentenced to 14 years in prison for corruption [7][8]. - Three out of five past chairmen have been investigated for serious violations, indicating systemic governance problems within the bank [8]. Financial Performance - Huishang Bank's revenue growth has significantly slowed, with 2021-2023 revenues of 35.514 billion, 36.230 billion, and 36.365 billion yuan, reflecting a decline in growth rates [10]. - The bank's net profit for 2024 was 15.917 billion yuan, with a growth rate of only 6.18%, further indicating a downward trend in profitability [12]. - For the first half of 2025, the bank reported a revenue of 21.157 billion yuan, a year-on-year increase of 2.25%, but its net interest income fell by 1.06% [14]. Asset Quality Concerns - As of June 2025, Huishang Bank's non-performing loans totaled 10.765 billion yuan, with a non-performing loan ratio of 0.98%, indicating ongoing challenges in asset quality management [16]. - The bank's overdue loans increased by 5.43% to 13.346 billion yuan, raising concerns about future asset quality deterioration [18]. A-share Listing Challenges - Huishang Bank's A-share listing has been stalled for over six years due to governance issues, including overdue board member terms and unresolved shareholder disputes [20][22]. - The ongoing legal disputes between major shareholders have further complicated the bank's ability to proceed with its A-share listing plans [22][23].
监管铁拳砸向徽商银行合规短板，过往五任董事长已有三人被查