Thought safe to release after the reorganization of the deep development of regulatory capital constraints, Ping An Bank and Shenzhen Development since the merger still have not landed but could not add the capital, is caught in the dilemma of a new .
following the Minsheng Bank and other three to refinance after the bank announced this week the development of the market it was rumored that deep desire to issue no more than 65 million hybrid debt scheme. Southern reporter learned from relevant SDB to issue hybrid debt scheme in 2009 has long been, and peace only as a result of a major bank restructuring program and the temporary shelving of assets, the issuer plans to regain is mainly in Ping An Bank and taking into account the Shenzhen Development Bank approved a merger will take time, and deep development of the current capital adequacy ratio has been seriously hampered the normal operation of the business line.
years ago, part of the shares is expected to soar! Confidential! Market institutions will soon be reversed capital flows have changed dramatically! Main funding is plotting a new layout
However, due to regulatory hybrid capital debt has already been stopped, deep development proposal, Chairman Xiao Suining regulators to restart the development of deep mixed debt issuance program of capital to be released. As a sound operation of banks, to keep up with market growth rate, to maintain an appropriate market share, not only for shareholders, but also banks maintain adequate liquidity, security management needs. regulatory capital requirements more stringent, Shenzhen Development Bank capital adequacy ratio has become a market emergency Back in Minsheng Bank plans private placement was announced, there are a lot of broker research fellow, said the development is likely to be deep under the announced refinancing plan, a listed bank. Mu, banking analyst at GF Securities China, says that as early as the first quarter of 2010, Shenzhen Development to Zengyin regulatory capital adequacy ratio below the red line has been named the regulators, then the bank board has made a 8.0 billion hybrid capital issued debt resolution, and has successfully issued 1.5 billion hybrid bond.
Nevertheless, the Shenzhen Development's capital adequacy ratio to 9 at the end of 2010 when only 10.07%, core capital adequacy ratio is only 7%, both below the industry average. According to sources deep within the development, the end of 2010 even if the capital adequacy ratio remained at 10.09%, to quarterly and semi-annual report this year will drop to 9.97% and 9.85%, to 10.5% below the regulatory red line regulators.
2010 6 end of Shenzhen Development Bank and insurance giant Ping An Group suddenly announced a major reorganization of assets, and then announced in September that year to Shenzhen Development Bank merged with the primary purpose of peace restructuring plan. According to plan, Shenzhen Development will be 17.75 yuan / share price to the Ping An Group placement 1.638 billion shares, while Ping An Ping An Bank Group will be held all the shares and 2.69 billion yuan in cash subscription amount of assets involved in transactions of up to 29 billion yuan; At the same time, in accordance with the requirements of regulators in the announcement a year, Ping An Bank and Shenzhen Development will complete the merger.
finance start-up time must be after the restructuring transaction after at least a full fiscal year. The development of such a long wait for nature can not withstand deep and can occur if you do not finance what results? Interpretation of the banking industry, if a bank's capital adequacy ratio below the regulatory requirements of the red line, regulators will stop access to the bank for approval of new business, such as loans, network expansion, credit cards, etc., will be limited.
this, Xiao Suining, chairman of Shenzhen Development recently sent a letter to management, cried out: a significant loss of deposits and business to make our bank facing liquidity risk, the normal operation of my line of business, product innovation, market image and shareholder returns so will result in considerable negative impact. As a sound operation of banks, to keep up with market growth rate, to maintain an appropriate market share, not only for shareholders, but also banks maintain adequate liquidity, security management needs. can be used as supplementary capital, and other forms of equity capital required to add the approval of regulators, or wait until the transaction is completed.
under the China Banking Regulatory Commission in 2005 on commercial banks to issue hybrid capital bonds supplementary capital issues related to notice, hybrid capital debt maturity of more than 15 years, 10 years from the date of issuance may not be redeemed.
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