Industry insiders believe that in terms of the practical significance of the reform and reorganization of small and medium-sized banks, in the face of economic downward pressure and the impact of the epidemic, the development of small and medium-sized banks is facing greater challenges, and it is necessary to keep warm together, and the number of cases of merger and reorganization may increase in the future.
This is the unified arrangement in Shanxi Province. At present, the specific new merger plan has not been seen. Changzhi bank director of the office said to reporters.
The newly established bank may become a new provincial city commercial bank, and its name may be Bank of Shanxi. Shanxi a city commercial bank director of the office said to the Securities Times reporter.
More cases of group heating
It is understood that there are six city commercial banks in Shanxi Province. At present, the Shanxi commercial bank listed in Hong Kong has the largest and strongest strength in the province. Shanxi Financial Holding, a subsidiary of Shanxi finance department, is the largest shareholder with total assets of 247.5 billion yuan by the end of 2019. The bank, formerly known as Taiyuan City Commercial Bank, takes the provincial capital Taiyuan as the core for external radiation, and is also a provincial city commercial bank.
The other five city commercial banks are prefecture level city commercial banks, with small asset scale and dispersed shareholders. There are many private shareholders and their ability to resist risks is weak.
According to the available data, by the end of 2019, the total assets of Jincheng bank, Jinzhong bank and Datong bank were 90.8 billion yuan, 78.1 billion yuan and 44.6 billion yuan respectively; as of the first half of 2019, the total assets of Changzhi bank were 40.3 billion yuan; by the end of 2018, the total assets of Yangquan commercial bank were 45.781 billion yuan. This means that if the five banks merge, the total assets will be about 300 billion yuan, which is expected to surpass that of Shanxi commercial bank.
Dong ximiao said that there have been many provincial city commercial banks, such as Bank of Jiangsu, Bank of Jiangxi, Bank of Gansu and so on. The new provincial-level city commercial banks are different from those in the previous two years. Before that, they were bigger and stronger and gave better play to scale economy. Since this year, the main purpose of seeking the merger of urban commercial banks and rural commercial banks is to keep warm together, and to be bigger and stronger is secondary. Under the current economic downturn pressure and the impact of the epidemic situation, the survival and development of small and medium-sized banks are facing greater challenges, and it is difficult for small-scale banks to survive. Group heating has become a more realistic choice.
Zeng Gang, deputy director of the national finance and development laboratory, said that due to the deep-seated problems in the system and mechanism, with the increasingly fierce market competition and the increasing pressure on the digital transformation of banks, some local small and medium-sized banks have some weaknesses in business development mode, corporate governance, risk resistance ability, etc., which is not conducive to the stability of small and medium-sized banking institutions Sustainable development will also weaken the ability of local small and medium-sized banks to support and serve the real economy, which is the practical reason for local governments to encourage the merger and reorganization of small and medium-sized banks.
In June this year, Panzhihua City Commercial Bank of Sichuan Province issued a reorganization announcement. Panzhihua bank and Liangshan State Commercial Bank intend to establish a commercial bank through new merger. After the merger, Panzhihua bank no longer has the legal person status, and the original creditors rights, debts, business and personnel are all inherited by the newly established bank.