On July 12, Lianhe Credit Rating issued a rating report, confirming that the long-term credit rating of Zhengzhou Bank entity was maintained as "AAA", and the credit ratings of "16 Zhengzhou Bank Level 2 01" and "17 Zhengzhou Bank Level 2" were maintained as AA+. The rating outlook is stable.
Lianhe Credit pointed out that the rating reflects that since 2020, Zhengzhou Bank, as an "A+H" listed bank, has further improved its corporate governance and internal control system, has steadily developed its main business, and has been competitive among local peers in its deposit and loan business. Stronger and better cost control capabilities.
The report shows that Zhengzhou Bank branches are mainly distributed in Henan Province. As of the end of 2020, Zhengzhou Bank has a total of 173 branches, and its deposit and loan market share is at the upper reaches of its local peers. However, as competition within the industry intensifies and the business of large state-owned banks gradually sinks, the competitive pressure faced by Zhengzhou Bank has increased. As of the end of 2020, Zhengzhou Bank had a deposit market share of 11.30% in Zhengzhou, ranking first among local peers; its loan market share was 7.43%, ranking fourth among local peers.
In 2020, Zhengzhou Bank continued to promote the company's business upgrade and promote the construction of online platforms, and the company's deposits and loans achieved steady growth; at the end of 2020, Zhengzhou Bank company's deposit balance was 206.456 billion yuan, an increase of 6.62% from the end of the previous year; the company's loan balance 170.63 billion yuan, an increase of 25.17% compared with the end of the previous year.
Adhere to the characteristic positioning of "a boutique citizen bank", Zhengzhou Bank continues to strengthen product innovation, and its retail business has developed rapidly; however, the proportion of savings deposits in total deposits is still low, and the individual customer base needs to be further strengthened. As of the end of 2020, the savings deposit balance of Zhengzhou Bank was 107.775 billion yuan, an increase of 12.75% from the end of the previous year, accounting for 34.3% of total deposits. The balance of personal loans was 67.329 billion yuan, an increase of 12.98% from the end of the previous year. Among them, the balance of personal housing mortgage loans was 35.965 billion yuan, and the balance of personal business loans was 25.64 billion yuan.
At the same time, Lianhe Credit Rating is also concerned about the possible adverse effects on its credit level caused by factors such as the relatively large scale and proportion of non-standard investments such as Zhengzhou Bank asset management plans and trust plans, and the relatively high proportion of loans in the real estate industry.
In 2020, Zhengzhou Bank 's asset scale maintained steady growth, with total assets at the end of the year of 547.813 billion yuan, an increase of 9.46% from the end of the previous year, of which total investment assets were 235.216 billion yuan. Since the proportion of investment assets is still high, the asset structure is still facing adjustment pressure against the policy background of commercial banks returning to their roots.
Zhengzhou Bank 's loans are mainly invested in wholesale and retail industries, real estate, water conservancy, environment and public facilities management industries, leasing and business services and manufacturing industries, which are generally consistent with the distribution of industrial institutions in the province. As of the end of 2020, the balance of non-performing loans of Zhengzhou Bank was 4.944 billion yuan, and the non-performing loan rate was 2.08%. From the perspective of industry non-performing loan ratios, the non-performing loan ratio of Zhengzhou Bank wholesale and retail industry is 3.68%, the non-performing loan ratio of manufacturing industry is 6.44%, the non-performing loan ratio of agriculture, forestry, animal husbandry and fishery is 6.45%. The non-performing loan ratio of the above industries The rate is higher.
Among them, the loan balance of the real estate industry is 30.557 billion yuan, accounting for 12.84% of the total loans, and the scale has increased. It has now become the largest loan industry; the construction industry loan balance, which is highly related to the real estate industry, is 14.888 billion yuan. Accounting for 6.26%. From the perspective of asset quality in the real estate industry, at the end of 2020, the non-performing loan rate of Zhengzhou Bank real estate industry was 1.25%.
In addition, the rating report also noted that Zhengzhou Bank shareholders have a relatively high proportion of external pledged equity. As of the end of 2020, the external pledged ordinary shares of Zhengzhou Bank accounted for 27.12% of the total number of issued ordinary shares. Seven of the top ten ordinary shareholders have equity pledges. The impact of pledges on equity stability and corporate governance Also need attention.
