官宣！这家省级银行启动IPO

Core Viewpoint - Xinjiang Bank has initiated the preparation for its IPO by releasing a financial advisory service project tender, marking a significant step towards its listing process [1][3]. Group 1: Listing Preparation - On May 19, Xinjiang Bank announced the commencement of its listing advisory process, following earlier reports about its IPO plans [3]. - The bank was included in the 2025 reserve list of potential listed companies by the Xinjiang Uygur Autonomous Region Financial Office, highlighting its status as a key financial institution in the region [3]. - Xinjiang Bank aims to leverage this opportunity to accelerate its listing process and establish itself as a financial benchmark for local economic transformation [3]. Group 2: Financial Performance - Xinjiang Bank reported impressive financial results for 2024, with operating income reaching 2.717 billion yuan, a year-on-year increase of 52%, and net profit of 588 million yuan, up 25% year-on-year [3]. - The bank's total assets surged to 184.453 billion yuan by the end of 2024, reflecting a significant year-on-year growth of 50.29% due to the integration of Korla Bank [3]. Group 3: Asset Quality - As of the end of last year, Xinjiang Bank's non-performing loan (NPL) ratio stood at 1.93%, a decrease of 0.97 percentage points from the beginning of the year, although it increased compared to the end of 2023 [4]. - Following the merger with Korla Bank, the bank experienced peak levels of NPL balance and ratio, prompting a focus on risk mitigation in key areas [4]. - The bank has reported reductions in both NPL balance and ratio in the latter half of 2024, with significant decreases in the third and fourth quarters [4]. Group 4: Market Context - The A-share market has not seen any new bank IPOs since January 2022, when Lanzhou Bank was listed, while several banks are currently in the IPO advisory phase [5]. - Xinjiang Bank's move to initiate its IPO process comes at a time when other banks, such as Urumqi Bank, have faced slow progress in their listing efforts [5]. - Analysts suggest that the current low valuations of listed banks may pose challenges for new listings, but a potential easing of monetary policy could improve market conditions for bank IPOs in the future [6].