改革三年董事长谢幕 青农商行再陷“主场焦虑”

Core Viewpoint - The retirement of Wang Xifeng, chairman of Qingdao Rural Commercial Bank, after two years of leading the bank, has sparked discussions about the bank's compensation mechanism and performance during his tenure, particularly as the bank has transitioned from a significant performance decline to a stable profit growth phase [1][12]. Group 1: Performance and Financial Metrics - Upon taking over in 2022, Qingdao Rural Commercial Bank was facing a severe performance downturn, with profits declining over 20% year-on-year and incurring fines exceeding 70 million yuan due to poor management of real estate loans [1]. - By the first three quarters of 2025, despite a revenue decline of 4.92%, the bank achieved a profit growth of 3.57%, indicating some resilience in profitability [1]. - The bank's interest income contribution remained around 70% from 2020 to the first three quarters of 2025, although it has been declining due to market fluctuations and reduced credit income [5][8]. Group 2: Challenges and Competition - The bank faces significant challenges, including a real estate industry non-performing loan rate exceeding 20% and stagnant credit expansion, compounded by increasing competition from local banks like Qingdao Bank and Qilu Bank [2][12]. - Qingdao Rural Commercial Bank's loan market share and growth have been lackluster, with a mere 0.77% increase in loans compared to deposits, leading to a low loan-to-deposit ratio of 79.99% [8]. - The bank's asset quality is under pressure, with a non-performing loan rate of 1.73%, the worst among A-share city commercial banks, and a significant portion of its real estate loans facing risks [13]. Group 3: Strategic Direction and Expansion - The bank is focusing on expanding its operations beyond Qingdao, having opened 24 new branches outside the city and merged with five village banks to enhance its regional presence [17][18]. - The bank's strategy involves addressing internal challenges while navigating external competition, particularly as it seeks to establish a differentiated competitive edge in a saturated market [5][19]. - The management team, with an average age of 54, may face ongoing personnel changes that could impact strategic continuity, alongside potential regulatory changes affecting the bank's operational framework [20][22].