By the end of March, 20 14, 1 headquarters, 13 tier-one branches, 8 tier-two branches, 4 directly affiliated branches and more than 60 sub-branches have been established in 2/kloc-0 key cities nationwide, and correspondent bank relations have been established with 584 branches of 259 banks in 87 countries and regions around the world.
20 1 1 On March 20th, Bohai Bank reviewed and adopted the annual report of 20 10. All businesses maintained a good development trend.
By the end of the reporting period, the bank's total assets were about 265.086 billion yuan, an increase of 65.438+025.57% compared with the beginning of the year, of which: loans (including discounts) totaled 92.432 billion yuan, an increase of 32.55% compared with the beginning of the year; Investment and other financial assets reached 38.655 billion yuan, an increase of 65.438+052.84% over the beginning of the year. Total liabilities were 255.670 billion yuan, up 65.438+027.72% over the beginning of the year, of which: total deposits (excluding peers) were 65.438+0.3435438+0.8 billion yuan, up 37.64% over the beginning of the year; Deposits from peers and other financial institutions reached 66.853 billion yuan, an increase of 65,438+0,65,438+070.67% over the beginning of the year.
Profitability has been greatly improved. During the reporting period, the Bank realized a cumulative operating income of 3.94 billion yuan, an increase of 78.12% over the previous year; The net income of intermediary business was 279 million yuan, an increase of 965,438+0.52% over the previous year; The ratio of cost to income is 565,438+0.65,438+07%, which is 5.565,438+0 percentage points lower than that of the previous year. After-tax net profit was 778 million yuan, an increase of 203.5438+0% over the previous year.
The quality of assets was further consolidated. By the end of the reporting period, the non-performing loans of the Bank amounted to RMB65,438+00,065,438+030,000, an increase of RMB30.37 million compared with the beginning of the year, and the non-performing loan ratio was 0. 1 1%, an increase of 0.0 1 percentage point compared with the beginning of the year. The loan loss reserve is sufficient, and the accumulated loan impairment reserve is 65.438+40 billion yuan, and 560 million yuan was accrued in that year. The provision withdrawal rate is 654.38+0.565.438+0.05%, and the provision coverage ratio is 654.38+0.398.05%. Asset quality and provision level remained at a good level.
Operating efficiency has achieved leap-forward growth. As of the end of the reporting period, the Bank's after-tax net profit increased by 203.3 1% compared with the previous year and by1/6.03% compared with the first five-year plan. The weighted average return on net assets increased by 3.82 percentage points over the previous year, by 1.73 percentage points over the first five-year plan, and the profitability was improved. The net income of intermediary business increased by 965,438+0.52% over the previous year and 439.26% over the first five-year plan, showing a strong growth momentum. The improvement of the above-mentioned main indicators has laid a solid foundation for the comprehensive completion of the indicators of the Bank's Twelfth Five-Year Plan. First, the development advantages of Bohai Bank
(A) a brand-new national joint-stock commercial bank
As a newly established national joint-stock commercial bank, it has unique advantages as a new bank. Mainly reflected in five aspects: first, there are no obstacles in the system and mechanism; Second, there is no burden of bad assets; Third, it has a leap-forward development advantage in information construction; Fourth, there is no redundant burden; The fifth is to gather outstanding talents from all walks of life and not be bound by old ideas.
(B) the strong support of the local government
Bohai Bank is the first national joint-stock commercial bank approved to be established since 1996, and the first national joint-stock commercial bank headquartered in Tianjin. Tianjin Municipal Government has positioned it as a foothold in Tianjin and radiating major economic regions in China. Based on the forefront of financial reform and innovation in Binhai New Area, Bohai Bank actively develops new financial products, provides high-quality and differentiated financial services, and strives to become the most trusted and popular bank in society. The establishment of Bohai Bank will play an important role in further improving Tianjin's financial service function and promoting the development and opening up of Tianjin Binhai New Area. Therefore, Bohai Bank has received strong support from Tianjin Municipal Party Committee and Municipal Government since its establishment.
In 2008, the Tianjin Municipal Party Committee and Municipal Government listed the establishment of 10 branches of Bohai Bank as one of the key projects to promote the financial innovation 20 project, requiring Bohai Bank to complete the nationwide network layout as soon as possible. With the strong support and guidance of Tianjin Municipal Party Committee, Municipal Government and Banking Supervision Department, Bohai Bank made full use of various advantages and resources to accelerate the pace of branch construction, and successfully achieved the goal of opening four branches in Tianjin, Taiyuan, Chengdu and Jinan and six branches in Tangshan during the year. The proposed Shanghai branch was approved by China Banking Regulatory Commission in 2008, and all preparatory work has been started.
(3) Relying on the advanced management experience of strategic investors
Bohai Bank was established by means of sponsorship, all of which were subscribed by Chinese and foreign sponsors and all of which were injected with monetary funds. Different from the existing Chinese-funded commercial banks, Bohai Bank is the first Chinese-funded commercial bank to introduce overseas strategic investors in the establishment stage. As the second largest shareholder of Bohai Bank, Standard Chartered Bank (Hong Kong) Limited owns 19.99% of the shares. Standard Chartered Bank is an international commercial bank that occupies an important position in emerging markets around the world. It is also the earliest foreign bank to enter China with the longest operating history. As an overseas strategic investor of Bohai Bank, Standard Chartered Bank will mobilize its rich global resources, give full play to its banking experience, provide all-round support for Bohai Bank, and fully cooperate with Bohai Bank in product development, risk control and joint promotion. Together with other sponsors, they have an important responsibility for the safe, efficient and steady operation of Bohai Bank. In the early days, Bohai Bank established a matrix management structure according to the model of Standard Chartered Bank.
(4) Located in the economically developed circle around Bohai Sea.
As early as the end of 1997, the State Council made clear the city orientation of Tianjin, that is, "Tianjin is the economic center of the Bohai Rim region, and efforts should be made to build it into a modern port city and an important economic center in northern China". Tianjin's national economy has continued to develop rapidly, and the gross national product has maintained double-digit growth for many years. In 2006, 2007 and 2008, the GDP growth rate was 14.4%, 15. 1% and 16.5% respectively, reaching 635.4 billion yuan, which was significantly higher than the national average. However, Tianjin's financial construction lags behind its economic construction, and the adjustment of its financial system and structure cannot meet the needs of economic development.
Geographically, the Bohai Rim region is in a period of rapid development; From the perspective of economic development, Tianjin has invested in many projects after the transformation and upgrading of old industries. Under the background of the global manufacturing center shifting to China, many multinational companies choose Tianjin as their production base, which has great demand for capital. Tianjin Municipal Government proposed that Tianjin should "accelerate the development of four leading industries: finance, logistics, trade and exhibition, and real estate", and explicitly proposed to "promote the construction of an important financial center in the north".
Bohai Bank plays an important role in supporting the development and opening up of Tianjin Binhai New Area and Tianjin's economic and social development. Bohai Bank should take the initiative to undertake the task of financial reform and innovation, focus on establishing comprehensive banks and innovating financial products, and make due contributions to the development and opening up of Tianjin Binhai New Area and the success of the comprehensive reform experiment of Tianjin Binhai New Area. With the support of relevant state departments, Tianjin Binhai New Area has gathered a number of mega-projects, which have laid a foundation for long-term development and provided a broad space for bank development. Bohai Bank seized the historical opportunity of the development of Binhai New Area, and strived to develop financial products suitable for customers' needs and provide customers with high-quality financial services.
Up to now, the clients of Bohai Bank Wholesale Bank involve almost all key industries in Tianjin: in terms of infrastructure construction, they mainly support Tianjin Chengtou Group and subsidiaries such as Tianjin Expressway, Haihe Construction and Road Pipe Network, as well as large government investment and financing platform enterprises such as Land Consolidation Center, Binhai Chengtou, Bonded Zone Investment Holding Company and Tianjin Railway Investment Company; In the electronic information industry, we mainly supported SMIC, LG Electronics, Haitai Digital, Founder Zhong Yan, Zhonghuan Electronics Group (609 Cable), China Post Putai and Motorola's largest distributors. In petroleum and chemical industries, we mainly support Bohai Chemical Group (including Bohai Fine Chemical, Tian Bo Chemical, Tianjin Alkali Plant, etc.). ) and Shell Oil Company. In the metallurgical industry, Tianjin Steel Pipe Group, Tiantie Metallurgical Group, Tianjin Iron and Steel Group, Steel Rolling Group, Rongcheng Iron and Steel Group, etc. In the automobile industry, we give priority to supporting key automobile production and sales enterprises such as FAW Li Xia, Zhong Ping Group and Huayuan Toyota. In biotechnology and modern medicine industry, we mainly support pharmaceutical groups (Taiping Group and Li Sheng Pharmaceutical), Tianyao Co., Ltd. and Tasly. In the new energy and environmental protection industries, focus on supporting Li Shen batteries; In the food, textile and paper industries, we mainly support Master Kong Group and its surrounding subsidiaries, Tian Fang Investment, nine dragons paper and so on. In the public utility industry, Tianjin Gas Group and Tianjin Water Supply Group were supported. At the same time, it also supported Tianjin TEDA Investment Holding Co., Ltd., Tianjin Port Group, Tianjin Economic and Technological Development Zone State-owned Assets Management Company and Tianjin Haihe Downstream Development Co., Ltd., which strongly supported the construction of infrastructure projects in Binhai New Area.
Bohai Bank has also made great progress in supporting Tianjin's economic development and the development and opening up of Binhai New Area. As of June 65438+February 3, 2008, the net loan of Bohai Bank reached 34.353 billion yuan, an increase of 9 1.49% compared with the beginning of the year. Deposits absorbed reached 48.653 billion yuan, an increase of11.99% compared with the beginning of the year, and its operating performance was remarkable.
(five) distinctive business characteristics, providing quality services.
Distinctive characteristics are the basis for banks to avoid homogenization in fierce competition. With the further improvement of the national network layout, it has become a strategic task to establish a unified service and marketing model of Bohai Bank and create a distinctive brand image. Bohai Bank has carried out training, supervision and assessment from the aspects of standardized outlets (image and layout), standardized processes, standardized marketing structure and standardized services, and gradually formed a distinct and unified service and marketing characteristics of Bohai Bank. The construction goal of Bohai Bank is to "provide excellent customer experience", and actively seize market opportunities and conduct business by providing quality services to target customers. Based on the market positioning of target customers, Bohai Bank will further provide more targeted products for target customers according to customer structure and capital status.
(6) introduce a matrix management structure
Bohai Bank introduced advanced international concepts, based on centralized management mode, and initially established a matrix management banking structure with reasonable setup, clear division of labor, comprehensive functions and personnel in place. The advantages of matrix management are: firstly, it can not only complete the task, but also give full play to the role of functional departments; Second, professionals from various departments can be brought together to brainstorm, coordinate with each other and strengthen the integrity of the organization; Third, it can avoid the repeated efforts of various departments, thus reducing costs; Fourth, it can speed up the work progress; Fifth, professionals in various departments can take this opportunity to learn from each other and promote each other; Sixth, management technology can be more professional.
The business structure of Bohai Bank is completely different from the existing domestic banks, which is the reform direction vigorously promoted by domestic banks at present. In the absence of relevant experience in China, Bohai Bank overcame various difficulties from scratch and initially built a matrix management framework with clear division of labor, clear responsibilities, compartmentalized management and strict control centered on front-line business. Through the two-line management of the head office and the value center, it has played a good role in guiding, managing and promoting the banking business, and will
(7) The risk control system and internal control system are perfect, strict and effective.
Facing the complicated and changeable economic and financial environment at home and abroad, Bohai Bank has accelerated the pace of business development on the one hand, and strengthened risk management and control on the other. Therefore, Bohai Bank has established a unified risk management organizational structure, approved control and policy documents at the board level such as risk management system, basic principles and risk preference statement, and established an independent and effective risk management system. On this basis, we will continue to improve the risk management policies, systems and operational procedures at the senior management and operational levels, increase the training of employees' risk management capabilities, and ensure that the bank's risk exposure is controlled within the risk preference statement approved by the board of directors. Specifically, the framework of the Bank's risk management policy system is divided into three levels: board policy, management policy and operation policy. For each major risk, a risk prevention system consisting of three lines of defense is established. Relevant departments are the first line of defense for risk management; Risk management department and legal compliance department are the second line of defense for risk management; Audit department is the third line of defense for risk management. In terms of risk management functions, the head office, management center and regional risk management team were divided, and six risk management centers were established, including approval center, contract center, quota center, post-loan management center and information center, which standardized the operation process and improved the operation efficiency. At the same time, based on the experience of Standard Chartered Bank in cash risk management and control, combined with the actual situation of Bohai Bank, a risk measurement model system was developed and put into operation, which realized the electronization and standardization of risk quantitative data. Establish a legal compliance risk management and control system, and formulate and issue a series of rules and regulations such as compliance risk management policies and legal risk management policies; Optimize the compliance risk management process and formulate key compliance standards to provide institutional guarantee for legal compliance risk management and control. Since its establishment, the Bank has been committed to building a "comprehensive, prudent, effective and independent" internal control system to ensure the full implementation and realization of the Bank's development strategy and business objectives.
Bohai Bank's continuous efforts in risk management and internal control have made its risk management ability at the leading level among its peers. As of June 65438+February 3, 20081,the bank's non-performing loan ratio was 0.25%, the lowest among the major commercial banks. Good asset quality provides a solid foundation for the bank's business expansion and sustainable development.
(8) The management team is experienced.
The chairman, vice-chairman, chief executive officer and chief financial officer of the Bank are experienced and highly qualified professionals. Under the leadership of experienced professional management, the bank's operating performance has developed by leaps and bounds. In 2008, the Bank achieved a net profit of 65.438+0.27 billion yuan, an increase of 654.38+0.7% compared with the beginning of the year, and various businesses maintained a rapid development trend.
The Bank has continuously strengthened talent recruitment and staff construction, continuously improved human resources policies, promoted the construction of salary and welfare system, and maximized the development and utilization of human resources potential. Through cooperation with strategic investors, we will constantly cultivate and accumulate the core strength of our business and form a benign talent training mechanism for banks.
Second, the future development ideas
At the beginning of its opening, Bohai Bank focused its business activities on the Bohai Rim region and laid a solid foundation. After that, it will open branches in major economic regions of China, such as the Yangtze River Delta and the Pearl River Delta. The Bank will continue to strengthen its internal management, enhance its business competitiveness in an all-round way, do a good job in deposit, and realize the leap-forward development of its debt business; Increase credit supply to achieve rapid and healthy development of asset business; Expand the scale of intermediary business and realize the rapid growth of intermediary business income; Further strengthen the construction of internal control system and comprehensively improve the level of risk management; Further improve the level of branch construction and management; Further optimize the allocation of human and financial resources; Further strengthen the construction of IT support capability and business operation capability; Further strengthen brand building and corporate culture building; Comprehensively enhance market competitiveness and corporate visibility.
In the year of realizing the five-year plan of the bank, Bohai Bank will be built into a bank with convenient and efficient business processes, outlets and channels taking shape, obvious comprehensive management characteristics and strong business innovation ability; Build a bank with strong ability to provide "excellent experience" and quality service to target customers such as medium-sized enterprises, small and medium-sized enterprises, well-off people and high-end individuals; Building a bank mainly engaged in wholesale business, laying a foundation for the rapid development of retail business; Build a bank with a certain business scale, strong profitability, outstanding brand image, basic conditions for listing and considerable investment value.
As a newly established national joint-stock commercial bank with obvious advantages of latecomer, geography and internationalization, Bohai Bank will make full use of all favorable factors, make long-term efforts to carry out comprehensive operation in the form of a comprehensive functional bank, continue to provide "excellent experience" quality services for medium-sized enterprises, small and medium-sized enterprises, well-off people, high-end individuals and other social middle-class target customers, provide employees with the best development opportunities, realize the harmonious development of "growing together with customers and employees", and become.