QRCB(SZ:002958) Chang Jiang Shang Bao·2026-01-19 02:47Core Viewpoint - Qingnong Commercial Bank (青农商行) is set to appoint Liang Yanbo as its new chairman, potentially making him the youngest chairman among A-share listed banks, amid challenges such as declining revenue and high non-performing loan rates [2][4][6]. Group 1: Leadership Change - Liang Yanbo has been nominated as a candidate for the executive director of the fifth board of Qingnong Commercial Bank, pending approval from the regulatory authority [2][3]. - Liang, aged 47, has extensive experience in the Shandong rural credit system and has previously held leadership positions in several rural commercial banks [4]. - The previous chairman, Wang Xifeng, retired due to age, leading to Liang's nomination [4]. Group 2: Financial Performance - For the first three quarters of 2025, Qingnong Commercial Bank reported an operating income of 8.028 billion yuan, a year-on-year decrease of 4.92% [6]. - The bank's net interest margin has been declining, with rates of 1.76%, 1.67%, and 1.61% from 2023 to the first three quarters of 2025 [6]. - Investment income for the same period was 1.574 billion yuan, a year-on-year increase of 32.59%, but fair value changes resulted in a significant loss of 781.71 million yuan, contributing to the overall revenue decline [6][7]. Group 3: Asset Quality and Risks - As of September 2025, the non-performing loan (NPL) rate of Qingnong Commercial Bank was 1.73%, the highest among A-share listed rural commercial banks [8]. - The bank's NPLs in the real estate sector reached 2.095 billion yuan, accounting for 43.9% of total NPLs, with a significant increase in the NPL rate from 7.17% to 21.32% in that sector [8]. - The bank aims to enhance credit asset quality management and focus on supporting the economic development of Shandong province and Qingdao city [9].