一纸警示函，照出桂林银行风控“裸泳”！原董事长落马只是序幕？

Core Viewpoint - Guilin Bank is facing multiple crises, including a prolonged IPO process, declining performance, risk management failures, and the fall of its chairman, which raises significant concerns about its governance and financial health [1][12][15]. Financial Performance - As of September 2025, Guilin Bank's total assets exceeded 600 billion yuan, but its revenue and net profit declined by 2.45% and 7.58% year-on-year, respectively [1][3]. - The bank's net interest income showed weak growth, with interest income dropping from 17.44 billion yuan in 2024 to 16.39 billion yuan in 2025, a decrease of 6.0% [2][3]. - The bank's non-performing loan (NPL) ratio rose to 1.94%, while the provision coverage ratio fell to 120%, just meeting regulatory requirements [9][10]. Governance Issues - The former chairman, Wu Dong, was expelled from the party and public office due to serious violations, raising questions about the bank's internal governance and decision-making processes [12][13]. - Wu's misconduct included accepting bribes and misusing funds, which has led to a loss of confidence in the bank's governance structure [12][13]. Regulatory Compliance - Guilin Bank's capital adequacy ratios have declined, with the overall capital adequacy ratio at 11.46%, down 0.28 percentage points from the previous year [7][8]. - The bank has faced regulatory scrutiny for its fund sales practices, revealing compliance management gaps [4]. IPO Challenges - Guilin Bank's IPO ambitions have been stalled for over a decade, with unresolved historical issues and a lack of progress in addressing them [14][15]. - The current market conditions for bank IPOs are challenging, with no successful listings since 2022, further complicating Guilin Bank's prospects [15].