Fudian Bank took bribes of 58 million yuan after 1980, revealing the chaos： the non-performing rate was 3%, and the thunder was frequent.
In 2014, Luo Yang took advantage of his convenience in working in the office of Fudian Bank’s head office twice, privately stamped the forged documents and materials with the seal of Fudian Bank and the seal of legal representative, and forged the minutes of Fudian Bank’s executive meeting, temporary executive meeting and other documents to guarantee the financing of a company. Luoyang illegally accepted other people’s property twice, totaling 57.92 million yuan.
The reason why Fudian Bank was involved in the "dispute over the right of recourse" was that Fudian Bank promised to provide a loan of 2.1 billion yuan to Yunnan Integrated Guangfu Real Estate Development Co., Ltd. (hereinafter referred to as "Integrated Guangfu Company") in order to waive the guarantee liability of 1 billion yuan, but only if Haiying Company was acquired. After that, Integrated Guangfu Company borrowed money from Jilin Trust Company and New Era Trust Company respectively, with Fudian Bank as the guarantor. Fudian Bank Xishan Sub-branch paid the loan principal and interest totaling RMB 721 million on behalf of Integrated Guangfu Company, fulfilling the guarantee responsibility. In the case of "dispute over the right of recourse", Fudian Bank applied for property preservation, and took such preservation measures as sealing up, detaining and freezing the property under the name of Integrated Guangfu Company according to law.
Founded in 1912, Fudian Bank brand is an old-fashioned bank brand with a history of 100 years. On December 30, 2007, Fudian Bank Co., Ltd. was established and became a provincial local joint-stock commercial bank in Yunnan Province. As of the end of November 2018, the largest shareholder of Fudian Bank was Yunnan Investment Holding Group Co., Ltd., holding 900 million shares with a shareholding ratio of 18.9476%.
From January to September 2018, the net profit of Fudian Bank was 669 million yuan, down 26.26% year-on-year. The data shows that the non-performing loan ratio of Fudian Bank has increased for three consecutive years, from 1.87% at the end of 2016 to 1.90% at the end of 2017, and reached 3.03% at the end of September 2018, up 1.13 percentage points from the end of 2017.
In recent years, cases of Fudian Bank have occurred frequently. Fudian Bank once acted as an agent for bond trading in violation of regulations, involving a transaction amount of 9.607 billion yuan. In 2012, the Audit Office of Yunnan Province indicated that in the audit of state-owned and state-controlled enterprises, the head office of Fudian Bank illegally acted as an agent for bond trading in 2009, involving a transaction amount of 9.607 billion yuan and 7 people involved in the case.
From November 2011 to January 2016, Lei Ao, the former president of Kunming Haiyuan North Road Sub-branch of Fudian Bank, signed false contracts with five companies to defraud high funds, resulting in a total loss of about 58.2558 million yuan for these companies. On September 15, 2018, the Higher People’s Court of Yunnan Province made a final ruling: Lei Ao was sentenced to 13 years in prison for contract fraud and fined 500,000 yuan. At the same time, he decided that the illegal income should be recovered and returned to the injured unit.
Since 2015, the Yunnan Provincial Party Committee has conducted two inspections on Fudian Bank. There are some problems that recur in the two inspections. For example, the promotion and selection of cadres, the use of post work to facilitate the problems of "relying on mountains to eat mountains" and "relying on lines to eat lines", the lack of credit risk management and control, and illegal lending.
In 2018, the top management of Fudian Bank changed. On May 21, 2018, Hong Weizhi was appointed as a member and secretary of the Party Committee of Fudian Bank, and Xia Shu no longer served as a member and secretary of the Party Committee of Fudian Bank and served as a full-time external director of provincial state-owned enterprises. On August 20, 2018, official website of Yunnan Provincial People’s Government showed that Hong Weizhi was the chairman of Fudian Bank.
Half a month later, on September 4, 2018, the Supervision Committee of the Yunnan Provincial Commission for Discipline Inspection released a message saying that Kong Caimei, a member of the Party Committee and vice president of Fudian Bank, was suspected of serious violation of the law and was currently undergoing disciplinary review and supervision investigation.
From January 7 to 15, 2019, the Commission for Discipline Inspection of Yunnan Agricultural Reclamation Group conducted cross-type and push-grinding supervision and inspection on the head office of Fudian Bank and its affiliated Wuhua Sub-branch, and found that Fudian Bank illegally reimbursed travel expenses and distributed subsidies, which were suspected of violating the spirit of the eight central regulations.
In response to the above problems, China Economic Net reporter interviewed Fudian Bank, but no reply was received as of press time.
The post-80s employees of Fudian Bank took bribes of 57.92 million yuan, privately stamped their seals, and secured 1 billion loans for enterprises.
On March 22nd, the Civil Judgment of Second Instance of Yunnan Integrated Guangfu Real Estate Development Co., Ltd. and Yunnan Integrated Real Estate Co., Ltd., published by China Judgment Document Network, showed that Yunnan Integrated Guangfu Real Estate Development Co., Ltd. and others as appellants counterclaimed Fudian Bank’s civil judgment of second instance was: the appeal was rejected and the original judgment was upheld.
Luo Yang, an employee of the head office of Fudian Bank, took advantage of his position to stamp the official seal of Fudian Bank and the corporate seal on the forged documents, and provided guarantees for 198 million acceptance bills and 1 billion trust loans in the name of Fudian Bank, taking bribes totaling 57.92 million yuan. Among them, the trust loan of 1 billion yuan is a trust loan from Haiying Company to Zhongjiang National Trust Co., Ltd. (hereinafter referred to as "Zhongjiang Company").
Fudian Bank promised to provide a loan of 2.1 billion yuan to Integrated Guangfu Company, but only if it acquired Haiying Company. To this end, Integrated Guangfu Company borrowed 1.3 billion yuan from Jilin Trust Company, with Fudian Bank as the guarantor. Subsequently, Haiying Company repaid Zhongjiang Company’s 1 billion yuan. In order to repay the loan from Jilin Trust Company, Integrated Guangfu Company borrowed from New Era Trust Company, with Fudian Bank as the guarantor. New Era Trust Company failed to receive the loan interest from Integrated Guangfu Company on time, and immediately announced that the loan would expire immediately. Fudian Bank Xishan Sub-branch paid the loan principal and interest totaling RMB 721 million on behalf of Integrated Guangfu Company, fulfilling the guarantee responsibility.
The court of first instance held that Xishan Sub-branch of Fudian Bank had the right of recourse against the integrated real estate company. However, for Fudian Bank’s recovery of the above compensation funds, Integrated Guangfu Company stated that "this case is suspected of committing a crime and should be transferred to the public security organ for handling". Integrated Guangfu Company appealed to the Supreme People’s Court, People’s Republic of China (PRC), resulting in a second-instance judgment dismissing the appeal and upholding the original judgment.
The criminal judgment of the Second Instance of the Case of Luo Yang and Other Three Non-State Workers Taking Bribery and Deceiving Loans published by China Judgment Document Network on July 12, 2018 shows that Luo Yang, the former employee of Fudian Bank (born on August 13, 1982), used his position to forge materials for the financing loan of Haiying Company, privately stamped the seal of Fudian Bank and the seal of its legal representative, and privately signed a tripartite agreement with others in the name of Fudian Bank to defraud loans of 1 billion yuan.
Luo Yang joined the office of Kunming Commercial Bank (now Fudian Bank) in March 2001, and was responsible for information maintenance and management. Luo Yang was convicted of accepting bribes by non-state staff, sentenced to 14 years in prison and confiscated property of RMB 1 million. He was convicted of defrauding loans, sentenced to three years in prison and fined RMB 1 million. He decided to execute 15 years in prison, confiscated property and fined RMB 1 million.
In December 2014, Shen Pingjiu, general manager of Haiying Company, found Luo Yang through an intermediary, and asked Luo Yang to help Fudian Bank to provide guarantee for Haiying Company’s 1 billion yuan trust loan to Zhongjiang Company on the grounds that Haiying Company needed financing loan to start the M&A project of Yunnan Xinmou Recycling Industry Co., Ltd. Under the condition that Shen Pingjiu promised to give him some remuneration, Luo Yang decided to use the convenience of his work in the office of Fudian Bank to guarantee the loan in the name of Fudian Bank.
During the operation of the loan, Shen Pingjiu arranged for Zhong Lin, deputy general manager of Haiying Company, and Li Jia, a staff member, to pretend to be staff members of Fudian Bank, and signed contracts with the staff members of the contributing bank Changchun Rural Commercial Bank and Zhongjiang Company together with Luo Yang in Fudian Bank’s office, and stamped the Tripartite Agreement, which mainly stipulated Fudian Bank’s guarantee obligations, with the seals of Fudian Bank and its legal representative. Luo Yang forged the minutes of Fudian Bank’s executive meeting and temporary executive meeting as needed and handed them to Zhongjiang. In the end, Haiying Company received a loan of 1 billion yuan.
According to the Civil Ruling of First Instance of Yunnan Integrated Guangfu Real Estate Development Co., Ltd. and Yunnan Integrated Real Estate Co., Ltd., Haiying Company can’t return Zhongjiang Company 1 billion yuan, and Fudian Bank, in order to exempt it from the guarantee responsibility of 1 billion yuan, took advantage of the psychology of Integrated Guangfu Company to obtain loans, and promised to provide 2.1 billion yuan loans to Integrated Guangfu Company, but only if it acquired Haiying Company.
Therefore, the attorney of Fudian Bank drafted two kinds of documents, one is the Asset Purchase Agreement between Integrated Guangfu Company and Haiying Company (with a target amount of 680 million yuan), the other is the four Trust Loan Contracts between Integrated Guangfu Company and Jilin Trust Company (with a target amount of 1.3 billion yuan) and the corresponding Supervision Agreement, including the Building Materials Purchase Contract signed between Integrated Guangfu Company and Yunnan Guangfucheng Industry and Trade Co., Ltd. All the above contracts have been signed, but they are all false contracts.
After signing the contract, Integrated Guangfu Company borrowed 1.3 billion yuan from Jilin Trust Company, with Fudian Bank as the guarantor. After 1.3 billion yuan was transferred to the account of Integrated Guangfu Company, 676.2 million yuan was transferred to the account of Haiying Company in accordance with the provisions of the Asset Acquisition Agreement; Transfer 624 million yuan to the account of Guangfu Industry and Trade Company in accordance with the stipulations in the Building Materials Purchase Contract; According to the Loan Agreement, 170 million yuan was transferred from Guangfu Industry and Trade Company to Haiying Company’s account. Plus Shanghai Ying Company’s own funds, it is enough to repay Zhongjiang Company’s 1 billion yuan, and it has actually been repaid.
In order to repay the loan from Jilin Trust Company, Integrated Guangfu Company borrowed from New Era Trust Company, with Fudian Bank as the guarantor. As New Era Trust Company did not receive the loan interest of RMB 21,233,300 yuan payable by Integrated Guangfu Company on June 29, 2017, on June 30, 2017, New Era Trust Company issued a Notice Letter to Integrated Guangfu Company, which announced that the loan would expire immediately and required Integrated Guangfu Company to pay the loan principal of RMB 700 million yuan and loan interest of RMB 21,233,300 yuan to the account of New Era Trust Company.
On July 3, 2017, Xishan Sub-branch of Fudian Bank paid the loan principal and interest totaling RMB 721 million on behalf of Integrated Guangfu Company, fulfilling the guarantee responsibility.
On September 6, 2018, China Judgment Document Network published the Civil Ruling of First Instance of Fudian Bank Co., Ltd. and Yunnan Integrated Guangfu Real Estate Development Co., Ltd., which showed that Fudian Bank applied to the Yunnan Higher People’s Court for property preservation on July 17, 2017, requesting that the property under the name of Integrated Guangfu Company with a value of 721 million yuan be sealed up, detained and frozen according to law. According to the ruling, the court ruled as follows: seal up, detain and freeze the property worth 721 million yuan under the name of the respondent Cheng Guangfu Company.
In recent years, Fudian Bank has frequent cases and lax internal control?
Including the above-mentioned cases, according to the China Times, in recent years, litigation cases of Fudian Bank have occurred frequently. It is worth noting that the occurrence of these cases is mostly related to the lax internal control and compliance of the bank.
A few days ago, the referee document network showed that during the period from November 2011 to January 2016, the former president of Fuyuan Bank Kunming Haiyuan North Road Sub-branch, Lei Wei, fraudulently used the name of the bank, fabricated facts and concealed the truth in the process of signing contracts with Yunnan Education Foundation, Yunnan Youth Development Foundation, Kunming Education Public Welfare Promotion Association, Yunnan Circulation Industry Association and Yunnan Agricultural Machinery Corporation. After defrauding the funds of these five units, they lent them to Yunnan Chenggong Dehua Enterprise Group Co., Ltd. at a high profit, and invested in the Blissful Pagoda Project of Haihui Temple in Xundian on March 3 in their own name, resulting in a total loss of RMB 58,255,800 for the five units.
Lei Ao’s behavior constituted the crime of contract fraud, and he was sentenced to 13 years’ imprisonment and fined 500,000 yuan. At the same time, it is decided that the illegal income will be recovered and returned to the injured unit.
In addition, the dispute between Fudian Bank Chongqing Branch and Chongqing Botaman Technology Company and Chongqing Chongbai Trading Company Electric Appliance Company is a dispute caused by the pledge of accounts receivable. The case lasted four years, and the trial process was full of twists and turns, and the lawsuit went all the way to the Supreme People’s Court. On January 15th, 2019, the civil ruling in the Supreme People’s Court, People’s Republic of China (PRC), which was disclosed by Judgment Document Network, showed that although Fudian Bank won the case in the end, the case exposed the loopholes in the risk control management of Fudian Bank.
From October 10, 2014 to December 15, 2014, Chongqing Branch of Fudian Bank issued six bank acceptance bills on behalf of Chongqing Bertaman Technology Company, with a total amount of 55.2 million yuan. At the request of bank risk control, Chongqing Bertaman Technology Company pledged six accounts receivable from Chongqing Chongbai Trading Company to Chongqing Branch of Fudian Bank.
Chongqing Botaman Technology Co., Ltd. skillfully took advantage of the loopholes in the risk control of banks and enterprises, and made a time difference in the process, which not only allowed Fudian Bank Chongqing Branch to issue a bank acceptance bill, but also recovered the accounts receivable of Chongqing Chongbai Trading Company Electric Appliance Company. The final result is that Chongqing Botaman Technology Company has only repaid part of these six bank acceptance bills with a total amount of 55.2 million yuan. As of March 2015, the amount of acceptance bills advanced by Fudian Bank Chongqing Branch on behalf of Chongqing Botaman Technology Company was 27,392,400 yuan, and as of June 2015, the interest paid in advance reached 1,650,200 yuan.
On September 25, 2018, the Chongqing Higher People’s Court ruled in the second instance that Chongqing Branch of Fudian Bank had the right to enjoy the priority of compensation for the 19.5 million yuan accounts receivable from Chongqing Bertaman Technology Company to Chongqing Chongbai Trading Company. Chongqing Chongbai Trading Co., Ltd. refused to accept it and sued the Supreme People’s Court. On November 29th, 2018, the Supreme People’s Court decided to reject the retrial application of Chongqing Chongbai Trading Company.
Hong Weizhi, the post-70s chairman of Fudian Bank, was investigated half a month later.
In 2018, Fudian Bank experienced high-level changes. On May 21, 2018, Fudian Bank held a cadre meeting. Li Chaowen, deputy director of the Organization Department of the Provincial Party Committee, announced the decision of the provincial party Committee on the adjustment of the positions of the main responsible comrades of Fudian Bank. Hong Weizhi was appointed as the party Committee member and secretary of Fudian Bank, and Xia Shu no longer served as the party Committee member and secretary of Fudian Bank, and served as a full-time external director of provincial state-owned enterprises.
According to the data, Hong Weizhi, born in December 1973, worked in the State Administration of Foreign Exchange for a long time. In August 2015, he served as deputy mayor of lincang, and in March 2017, he served as deputy mayor of Kunming.
Li Chaowen pointed out that the adjustment of the leading group of Fudian Bank by the provincial party committee was based on the needs of Fudian Bank’s reform and development and the reality of leading group construction, which reflected the importance attached by the provincial party committee to Fudian Bank and its concern for the construction of leading group and cadre team.
On August 20, 2018, official website, the People’s Government of Yunnan Province, disclosed that he had decided to formally appoint Hong Weizhi as the chairman of Fudian Bank.
On September 4, 2018, the Supervision Committee of the Yunnan Provincial Commission for Discipline Inspection released a message: Kong Caimei, member of the Party Committee and vice president of Yunnan Fudian Bank, was suspected of serious violation of the law and was currently undergoing disciplinary review and supervision investigation.
Kong Caimei, female, from Xuanwei, Yunnan Province, joined the work in April 1984 and worked in the rural credit system of xuanwei county for a long time. From 1993 to 2002, he worked in China Construction Bank xuanwei county Branch, Yunnan Branch and Kunming Chengxi Sub-branch, and since November 2002, he has served as the assistant to the president of Kunming Chengxi Sub-branch of China Construction Bank Yunnan Branch; Six months later, Kong Caimei began to work in Kunming Commercial Bank in May 2003. Three months later, Kong Caimei became the president of Zhengyi Road Sub-branch of Kunming Commercial Bank. From December 2007 to being investigated, Kong Caimei served as president of Zhengyi Road Sub-branch, assistant to the president of Fudian Bank, general manager and vice president of the business department, and member of the Party Committee and vice president of Fudian Bank.
On December 7, 2018, Fudian Bank held the 2018 annual assessment meeting of the responsibility system for building a clean and honest government. On behalf of the Party Committee, Hong Weizhi made the following reports: First, strengthen the party’s political construction and firmly do a good job in "two maintenance"; The second is to strengthen the party’s leadership and implement the political responsibility of managing the party; The third is to improve the political position and solidly promote the inspection and rectification work; Fourth, deepen the construction of discipline and work style, and consolidate and expand the spiritual achievements of implementing the eight central regulations; Fifth, deepen political inspection and give full play to the role of inspection sword; Sixth, strictly guard against death and effectively prevent financial cases; The seventh is to compact the responsibility and promote the comprehensive and strict management of the party to the grassroots; Eighth, seriously investigate and deal with violations of laws and regulations, and form a shock.
From June 10 to July 31, 2015, I was inspected: there are loopholes in the integrity risk prevention mechanism in the loan field.
From June 10 to July 31, 2015, the First Inspection Team of the Provincial Party Committee conducted a special inspection of Fudian Bank, and gave feedback on the inspection opinions on August 28. On August 31, 2015, official website, the Yunnan Provincial Commission for Discipline Inspection, published the Special Inspection Report of the First Inspection Team of the Provincial Party Committee to Fudian Bank, pointing out that Fudian Bank has some problems such as unclear powers and responsibilities and loopholes in the anti-corruption risk prevention mechanism.
This special inspection of Fudian Bank found some problems that can’t be ignored. First, there is still a gap in the performance of the main responsibility of the party Committee, and there is a phenomenon of attaching importance to financial business and management, ignoring party building and combating corruption and promoting honesty. The team has not yet formed a working pattern and atmosphere in building a clean and honest party style and anti-corruption work. The discipline inspection and supervision department is still not in place to focus on the responsibility of the owner and realize the "three changes". The discipline inspection cadres of the branches failed to perform their duties and effectively play the functional role of supervision and accountability.
Second, the countermeasures and measures to prevent and control the risks of clean government in the system are still monotonous and weak, and there is a lack of strict and excellent restrictive measures and accountability mechanisms to implement the responsibility system for clean government. A few leading cadres and managers dare not adhere to the principles, resist the correction and rectification of incipient problems, tendentious problems and bad atmosphere, dare not touch the real thing, weaken the implementation of systems, disciplines and rules, and violations of discipline and rules occur from time to time in the system.
Third, the functions and responsibilities of the board of directors, the party committee, the management team and the board of supervisors are not clear enough, the powers and responsibilities are not clear enough, the mutual support and cooperation are not close enough, and the communication and coordination between the teams, the principal responsible persons and the members are not enough. The corporate governance mechanism in the system is not perfect, and a benign mechanism of overall coordination and efficient operation has not yet been formed.
Fourth, there are still loopholes in the anti-corruption risk prevention mechanism in the loan field. Some branches illegally help enterprises split the loan amount and break it into parts to avoid the approval authority of the quota, which increases the loan risk; Some branch managers and employees "rely on the line to eat the line" and use their work to facilitate illegal profit-making activities; Some employees are suspected of illegally organizing or participating in private fund-raising and lending activities, which has a serious impact.
Fifth, at one time, some links in the work of selecting and appointing cadres were not rigorous enough, and the vision of selecting and appointing people was not broad enough. In personnel management and remuneration, it is necessary to improve the incentive mechanism that gives consideration to both benefit and fairness.
Sixth, some units, cadres and managers still have vague understanding of rectifying the "four winds" and strengthening the work style construction, passively coping with it and playing the "edge ball" behavior. The standards for grasping the work style construction are not high, the requirements are not strict, and there is a phenomenon of tight and loose.
On March 25, 2016, official website, the Yunnan Provincial Commission for Discipline Inspection, showed that Fudian Bank informed the inspection team about the rectification, indicating that the rectification work had achieved initial results. In 2015, 38 cases of violation of discipline and discipline were investigated and dealt with, and 137 people were dealt with, among them, 11 were given disciplinary warning, 3 were given disciplinary demerit, 3 were given disciplinary demerit, 2 were given disciplinary demotion, 2 were dismissed from the labor contract, 3 were dismissed and 113 were dealt with by others.
Fudian Bank pointed out that on the basis of implementing the prevention and control of integrity risks in 2015, in this rectification, the institutions under its jurisdiction were once again organized to conduct a comprehensive investigation of their integrity risks, and according to the opinions and suggestions put forward by the inspection team, the focus was on the integrity risk investigation in the fields of credit approval, centralized procurement, fund management, and cadre personnel. A total of 460 posts in the Bank were investigated for integrity risks, and 98 posts with integrity risks were sorted out, and 23 were identified as high-risk, 39 as medium-risk and 36 as low-risk.
From December 11, 2017 to January 11, 2018, he was inspected: poor credit risk management and control and poor internal supervision.
From December 11, 2017 to January 11, 2018, the Eleventh Inspection Team of the Provincial Party Committee conducted a mobile inspection of the Party Committee of Fudian Bank, and gave feedback on the inspection opinions on April 14, 2018.
According to official website, the Yunnan Provincial Commission for Discipline Inspection, on April 17, 2018, the Eleventh Inspection Team of the Provincial Party Committee gave feedback to the Party Committee of Fudian Bank. During the inspection, the inspection team found that some problems were reflected by the cadres and the masses, mainly: the party’s political construction was weakened, and the party was not strictly managed in an all-round way; Violation of decision-making procedures, the "three majors and one big" system exists in name only; Party building is not standardized, the establishment of grass-roots party organizations does not conform to the provisions of party constitution, and the political life within the party is not serious; The implementation of the main responsibility is not in place, and the party Committee’s overall supervision responsibility is not in place; The lack of supervision responsibility of the discipline inspection commission, the lack of discipline inspection and supervision to focus on the main business and deepen the "three turns"; Mental problems in violation of the eight central regulations have been repeatedly banned; The orientation of selecting and employing people is not correct, and problems such as "climbing the dragon and attaching the phoenix", inbreeding, frequent adjustment of cadres and illegal promotion of cadres are outstanding; Poor credit risk management and control, such as illegal lending, poor accountability, and taking advantage of his position to "rely on the mountains to eat mountains"; Poor internal supervision, illegal bidding, idle state-owned assets and other losses caused by state-owned assets; Ignoring the interests of the masses and unfair salary distribution; The head office’s institutions and personnel are bloated and "top-heavy". During the inspection, the inspection team found some clues and transferred them for disposal according to relevant regulations.
On August 15, 2018, official website, the Yunnan Provincial Commission for Discipline Inspection, issued the Notice on the Inspection and Rectification of the Party Committee of Fudian Bank. According to the Circular, the bank comprehensively verified the situation of those who were dealt with for credit violations from 2015 to 2017, and added 16 people (13 administrative cadres). Among them, there were 4 additional disciplinary actions, 4 disciplinary actions, 2 organizational actions, 1 criticism and education, 7 admonitions in the party, and 2 other actions.
According to the Circular, after synthesizing the opinions of all parties, Fudian Bank decided to deduct 20% of the total three-year performance compensation of 22 middle-level managers who worked in the financial interbank business unit from 2015 to 2017.
In addition, Fudian Bank said that according to the principle of streamlining and high efficiency, four head office departments were abolished, and the head office departments were adjusted from 38 to 34. According to the principle of personnel sinking and enriching the grassroots, the head office personnel will be reduced. Through the adjustment of departments, standardizing the affiliation of expatriates, and adjusting the relatives of employees working in the same department of the head office, the number of staff in the head office has been reduced from 825 to 695, a decrease of 130. Cancel the Beijing liaison office, conduct a special audit of the expenses of the original Beijing liaison office, and seriously rectify the problems found in the audit.
Third Quarterly Report of 2018: The net profit of Fudian Bank decreased by 26.26% year-on-year, and the NPL ratio rose to 3.03%.
Founded in December 2017, Fudian Bank is a provincial-level local joint-stock commercial bank based on the reorganization of Kunming Commercial Bank, headquartered in Kunming, Yunnan Province.
By the end of September 2018, Fudian Bank had a total of 144 branches (including the head office), established branches in most cities and municipalities in Yunnan Province and Chongqing municipality directly under the Central Government, established Laozhong Bank as a joint venture with Laos Foreign Trade Public Bank, and initiated the establishment of four village banks.
As of the end of November 2018, the top ten shareholders of Fudian Bank were: Yunnan Investment Holding Group Co., Ltd., holding 900 million shares, with a shareholding ratio of 18.9476%; China Datang Group Finance Co., Ltd. holds 900 million shares, with a shareholding ratio of 18.9476%; Guancheng Datong Co., Ltd. holds 520 million shares, with a shareholding ratio of 10.9513%; Kunming Development and Investment Group Co., Ltd. holds 467 million shares, with a shareholding ratio of 9.8386%; Kunming Industrial Development and Investment Co., Ltd., holding 276 million shares, holding 5.8041%; Metallurgical Automation Research and Design Institute, holding 150 million shares, with a shareholding ratio of 3.1579%; Yunnan Jingpeng Real Estate Development Co., Ltd. holds 113 million shares, accounting for 2.3706%; Yunnan Desheng Iron and Steel Co., Ltd. holds 100 million shares, with a shareholding ratio of 2.1053%; Yunnan Agricultural Reclamation Group Co., Ltd. holds 100 million shares, with a shareholding ratio of 2.1053%; Yunnan Century Jinyuan Investment Real Estate Group Co., Ltd. holds 100 million shares, accounting for 2.1053%; Yunnan Tin Industry Group (Holding) Co., Ltd. holds 100 million shares, accounting for 2.1053%.
The third quarterly report of 2018 shows that from January to September, Fudian Bank achieved an operating income of 3.781 billion yuan, an increase of 6.39% compared with 3.554 billion yuan in the same period of last year; The net profit was 669 million yuan, down 26.26% compared with 907 million yuan in the same period of last year.
In the "Fudian Bank’s 2019 Interbank Deposit Certificate Issuance Plan", Fudian Bank disclosed relevant data. The data shows that the non-performing loan ratio of Fudian Bank has increased for three consecutive years, from 1.87% at the end of 2016 to 1.90% at the end of 2017, and reached 3.03% at the end of September 2018, up 1.13 percentage points from 1.90% at the end of 2017.
The provision coverage ratio of Fudian Bank has been declining year after year, approaching the regulatory red line. At the end of 2016, the provision coverage ratio of Fudian Bank was 192.68%, and it dropped to 171.37% at the end of 2017. At the end of September 2018, the provision coverage ratio of Fudian Bank was 121.14%, down 50.23 percentage points from 171.37% at the end of 2017.
At the end of September 2018, the capital adequacy ratio of Fudian Bank was 13.77%, down by 0.17 percentage points from 13.94% at the end of 2017.
In the 2018 Tracking Credit Rating Report of Fudian Bank, United Credit Rating Co., Ltd. believes that the downward pressure on the quality of credit assets of Fudian Bank has increased. From 2015 to 2017, the balance of non-performing loans of the bank increased year by year, reaching 1.486 billion yuan, 1.648 billion yuan and 1.915 billion yuan respectively. Among them, in 2017, Fudian Bank increased its efforts to write off non-performing loans, and wrote off 1.116 billion yuan of non-performing loans throughout the year. By the end of 2017, the balance of non-performing loans of Fudian Bank was 1.915 billion yuan, with a non-performing loan ratio of 1.90%; The balance of overdue loans was 6.195 billion yuan, accounting for 6.15% of the total loans. From the perspective of overdue period, the balance of loans overdue for more than 90 days was 5.121 billion yuan, accounting for 267.42% of non-performing loans, with a high deviation from the five-level classification of loans.