深度 | “尖子生”江苏银行，深陷软实力危机！

Core Viewpoint - Jiangsu Bank, a leading city commercial bank, shows strong growth in hard metrics but lags in soft metrics, particularly in ESG ratings, which are significantly lower than its peers, especially in corporate governance [3][5][13]. Group 1: ESG Performance - Jiangsu Bank's overall ESG score is 21 out of 100, ranking last among seven major listed city commercial banks, with all three components (E, S, G) below average [8][13]. - The bank's environmental score is 11, significantly lower than the average of 12.71, with notable deficiencies in decarbonization and climate strategy [9][12]. - In social aspects, Jiangsu Bank scored 16, below the average of 22.86, particularly poor in labor practices and human capital management [10][12]. - The governance score is 26, below the industry average of 27.86, with low scores in corporate governance and business ethics [10][12]. - Frequent penalties since its listing, including five for inflating loans and deposits, indicate governance issues and contribute to its low ESG ratings [15][17]. Group 2: Financial Performance - Jiangsu Bank's financial investment assets grew from 845.9 billion in 2020 to 1.53 trillion by the end of 2024, with a compound annual growth rate of 12.53% [25][28]. - Despite strong asset growth, the bank's investment income growth rate is not competitive compared to peers, with a 20.86% increase in 2024, lower than other leading banks [29][30]. - The bank's core Tier 1 capital adequacy ratio was 9.12% in 2024, lower than many peers, raising concerns about capital adequacy [31][32]. - Non-performing loan rates are low, but this is attributed to increased write-offs, with the bank's write-off amount rising significantly over the past three years [32][34]. Group 3: Consumer Protection and Governance Issues - Consumer complaints surged by 87% in 2023, indicating potential issues in consumer protection practices [18][19]. - The bank's governance practices are under scrutiny due to a lack of transparency in board effectiveness assessments and high penalty counts for various violations [15][16].