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phoenix finance "banking eyes" produced by xiaoxiao

recently, a fine issued by the state financial regulatory bureau has attracted industry attention. due to weak internal control, the anshun branch of guiyang bank had employee theft and embezzlement. in the end, the anshun branch was fined 200,000 yuan. the then teller pan lushi was banned from the industry for life as the person directly responsible, and the then branch president tan yuhua was warned.

screenshot of the penalty notice issued by the state financial regulatory administration

on the same day, guiyang bank's shuanglong airport branch was fined 300,000 yuan for inadequate loan management, and the then branch president mei zonggu was warned.

phoenix finance's "banking eyes" noted that this is not the first time that guiyang bank has been fined for internal control issues. in february this year, guiyang bank's zunyi branch was fined 350,000 yuan for inflating deposits and loans, and the penalty notice showed that the regulatory penalty date was february 5.

just two days after receiving the fine, a lawsuit announcement disclosed by guiyang bank showed that the bank had incurred a non-performing loan of 1.658 billion yuan due to the "zhengwei system" and had made corresponding impairment provisions.

although guiyang bank said that this huge amount of non-performing loans will not have a substantial impact on the company's profits, according to the calculation of phoenix finance's "banking eyes", 1.658 billion yuan is equivalent to more than 60% of the bank's net profit attributable to its parent company in the first half of the year, which has a huge impact on the bank's performance. this huge amount of non-performing assets also reflects the bank's lack of risk control capabilities.

the branch president asked employees for performance-based wages

not only did the tellers at the anshun branch commit occupational embezzlement, but huang yifeng, the former president of the kaiyang branch of guiyang bank, also engaged in outrageous behavior such as asking employees for performance-based wages.

in september this year, huang yifeng, former general manager of the finance department of guiyang bank, and zhang qianshu, former general manager of the investment banking department, were sentenced to 11 and 10 years in prison respectively for the crime of accepting bribes.

specifically, from 2019 to 2022, while serving as deputy president and president of kaiyang branch of guiyang bank, huang yifeng used his position to provide care for relevant personnel on projects and seek benefits in loan processing. he also asked employees for performance-based wages on the grounds of maintaining customer relationships and improving bank efficiency, and demanded property, and collected property from others in the name of "interest compensation" and took it for himself, illegally accepting bribes of 10.1969 million yuan.

zhang qianshu once accepted bribes together with huang yifeng. from 2017 to 2021, zhang qianshu used his position as deputy general manager of the investment banking department of guiyang bank and the convenience of presiding over work to seek benefits for relevant personnel in obtaining deposit interest compensation and undertaking financial business, and illegally accepted bribes of 5.0676 million yuan. of the 5.0676 million yuan, 4.9 million yuan was jointly accepted with huang yifeng, and zhang qianshu personally received 2 million yuan.

in september of the same year when huang yifeng started committing duty-related crimes, the current chairman of guiyang bank, zhang zhenghai, officially took the helm. according to phoenix finance's "banking eyes", zhang zhenghai came from the regulatory system and had served as an exchange cadre in the system audit section of the internal audit department of the chengdu branch of the people's bank of china, deputy section chief of the inspection section of the tongren branch, member of the party committee and deputy director of the former tongren regulatory bureau of the china banking regulatory commission, director of the financial accounting department of the former guizhou regulatory bureau of the china banking regulatory commission, and director of the off-site supervision department of legal financial institutions.

zhang zhenghai, chairman of guiyang bank

in june 2021, more than a year after zhang zhenghai took office as chairman, sheng jun, who has a risk control background in a large bank, became the president of guiyang bank. the bank's financial report shows that sheng jun has worked in icbc for a long time. he has served as the head of the asset risk management department of icbc guizhou branch, the trainee deputy general manager of the asset risk management department, the general manager of the credit and investment management department, the president of icbc guizhou tongren branch, and the president of icbc guizhou liupanshui branch.

sheng jun, president of guiyang bank

why did guiyang bank have so many internal control problems under the leadership of its top two executives who came from the regulatory system and had risk control backgrounds in large banks? this is indeed puzzling.

guiyang bank pointed out in its 2024 interim report that by 2025, the bank will be built into a modern commercial bank with more sound corporate governance and more sound internal risk control.

in the future, whether guiyang bank can improve its internal control and risk management level, phoenix finance’s “banking eyes” will continue to pay attention.