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Qilu Bank Co.,Ltd. 2009 Summarized Annual Report

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Qilu Bank Co.,Ltd. 2009 Summarized Annual Report Ⅰ. General Introduction (Ⅰ) Registered Corporate Name in Chinese：齐鲁银行股份有限公司1 (short name: 齐鲁银行 ) Registered Corporate Name in English: Qilu Bank Co., Ltd. (Ⅱ) Legal Representative: Qiu Yunzhang (Ⅲ) Secretary of the Board of Directors: Mao Fangzhu Address: No.176 Shunhe Street, Shizhong District, Jinan City, Shandong Province Tel: 0531-86075850 Fax: 0531-81915514 Email: [email protected] (Ⅳ) Registered Address: No.176 Shunhe Street, Shizhong District, Jinan City Office Address: No.176 Shunhe Street, Shizhong District, Jinan City Postcode: 250001 Website: http://www.qlbchina.com (Ⅴ) Newspapers for Information Disclosure: Financial News Website for Information Disclosure: http://www.qlbchina.com Copies of the annual report are available at: The Board of Directors' Office of the Bank (Ⅵ) Other Relevant Information Date of the Initial Registration: 5 June 1996 Address of the Initial Registration: Shandong Administration for Industry and Commerce Corporate Business License Number: 370000018009391 Tax Registration Number: Ludishuiji Zi No.370103264352296 Auditors: PricewaterhouseCoopers Zhong Tian CPAs Co., Ltd. Auditors’ Address: 11th Floor Pricewaterhouse Coopers Center, 202 Hubin Road, Shanghai City 1 Upon the approval by the banking regulatory authorities on 9 March 2009, the bank changed its name from “Jinan City Commercial Bank Co.,Ltd.” (short name as Jinan City Commercial Bank) to “Qilu Bank Co., Ltd.” (short name as Qilu Bank) and changed its Corporate Business License on 21 April 2009. “Jinan City Commercial Bank Co.,Ltd.” , “Qilu Bank Co., Ltd.” and their short names as referred in the annual report all refer to the same entity. 1 Ⅱ. Financial Highlights （Ⅰ） Main Profit Indicators for the Reporting Period Unit (RMB thousand) Item Amount Profit Before Tax 608,632 Net Profit 489,456 Main Operating Profit Before Provision 998,465 Other Operating Income 18,635 Operating Profit 1,017,100 Investment Income 92,201 Non-Operating Profit 1,876 Net Cash Flow from Operating Activities 273,271 Net Cash Flow from Operating Activities per Share (yuan / share) 0.16 （Ⅱ）Main Financial Data and Indicators of 3 Years as at the End of the Reporting Period Unit (RMB thousand) Item 2009 2008 2007 Main Operating Revenue 2,788,819 2,922,3661 1,895,348 Total Assets 61,788,855 49,544,577 37,973,270 Deposits Balance2 54,655,444 44,442,123 31,668,896 3 Loans Balance2 35,310,065 28,156,467 25,000,635 Shareholders’ Equity 2,814,640 2,670,549 1,900,569 Earnings per Share (yuan / share) 0.293 0.233 0.156 Net Assets Value per Share (yuan / share) 1.687 1.600 1.267 Cost Income Ratio（％） 33.09 28.06 31.67 Return on Equity（％） 17.85 15.36 12.44 Net Profit vs Operating Expenses（％） 22.77 14.90 16.84 Note: 1. In 2009, the bank adjusted the measurement method of fee income, so the main operating revenue for 2008 of 2,920.768 million reported before was similarly adjusted. 2. Deposits and loans data reported were computed in accordance with the statistical method prescribed by the People’s Bank of China and the China Banking Regulatory Commission. 2 （Ⅲ）Capital Structure and its Change for the Reporting Period Unit (RMB thousand) Item 2009 2008 Core Capital 2,814,640 2,424,793 Core Capital's Deductions 43,277 19,500 Net Core Capital 2,771,363 2,405,293 Supplementary Capital 1,055,140 410,665 Measurable Value of Supplementary Capital 1,055,140 410,665 Deductions 86,554 39,000 Net Capital 3,783,226 2,796,458 Risk Weighted Assets 32,450,806 24,650,877 Of which: On-balance sheet items 28,942,028 20,916,371 Off-balance sheet items 3,508,778 3,734,506 3 Ⅲ. Risk Management (Ⅰ) Supplementary Financial Data as at the End of the Reporting Period Unit (%) Item Criteria As at the end of 2009 Capital Adequacy Ratio ≥8 11.66 Core Capital Adequacy Ratio ≥4 8.54 RMB ≥25 50.10 Liquidity Ratio Foreign Currency ≥60 185.03 RMB ≤75 64.75 Loan / Deposit Ratio Foreign Currency ≤75 19.81 Borrowing to Deposit Ratio ≤8 0.27 Borrowing / Lending to Deposit Ratio Lending to Deposit Ratio ≤8 0.10 Non-Performing Loan Ratio 1.99 Interest Collection Ratio 97.46 Ratio of Single Largest Borrower’s Loan Against Net Capital ≤10 6.61 Ratio of Top 10 Borrowers’ Loan Against Net Capital ≤50 47.31 (Ⅱ) Distribution of Loans by Main Industry Unit (RMB thousand) Category of Industry Balance Percentage (%) Wholesale and Retail 5,405,192 15.31 Manufacturing 4,185,534 11.86 Real Estates 2,578,551 7.31 Leasing and Business Services 2,526,276 7.16 Building and Construction 1,605,953 4.55 Total 16,301,506 46.19 4 (Ⅲ) Loans Granted to Top 10 Borrowers Unit (RMB thousand) As a As a percentage of Percentage Serial Outstanding Name of Borrower Total of Net number Loans Outstanding Capital Loans (%) (%) 1 Jinan City Municipal Public Utilities Bureau 250,000 0.71 6.61 Tianjin Soda Plant Tianjin Bohai Chemical 2 200,000 0.57 5.29 Industry Co., Ltd. 3 Jinan Geely Automobile Co., Ltd. 200,000 0.57 5.29 4 Yuncheng Coal Mine, Shangdong Province 180,000 0.51 4.76 5 Shandong Zhongrun Estates Co., Ltd. 175,000 0.50 4.63 6 Tianjin Naile Real Estates Co., Ltd. 175,000 0.50 4.63 7 Jinan Qisheng Digital Technology Co., Ltd. 160,000 0.45 4.23 8 Jinan City Qingyuan Water Business Co., Ltd. 150,000 0.42 3.96 9 Shandong Gold Group Co., Ltd. 150,000 0.42 3.96 10 Tianjin Jinbin Development Co., Ltd. 150,000 0.42 3.96 Total 1,790,000 5.07 47.31 (Ⅳ) The Classification Method of Loan Risks and the Structure of Various NPLs ⅰ. Classification Method of Loan Risks The Bank has formulated its 5-tier classification method of credit assets based on the China Banking Regulatory Commission’s “Guidelines on Classification of Loan Risks” in order to measure and manage loan risks. In accordance with the “Guidelines on Classification of Loan Risks” and the requirements of the Bank’s 5-tier classification method of credit assets, the Bank divides both on- and off-balance-sheet assets into 5 classes: Pass, Special-mention, Substandard, Doubtful and Loss and the last three classes are deemed to be NPLs (Non-performing Loans). The core definitions of the credit assets set out in “Guidelines on Classification of Loan Risks” are as follows: Pass: Borrowers are able to honor the terms of the contracts and the Bank does not have sufficient reasons to doubt their ability to repay the principals and interests of loans in full and in a timely manner. Special-mention: Although borrowers are able to service their loans’ principals and interests currently, repayments may be affected by existing unfavorable factors. 5 Substandard: Borrowers' ability to service their loans are in question. Borrowers are not able to depend on their normal business revenues to pay back the principals and interests so certain losses may be incurred even when guarantees are invoked. Doubtful: Borrowers are unable to pay back the principals and interests in full and significant losses will be incurred even when guarantees are invoked. Loss: The principals and interests of loans will not be recovered or only a small portion will be recovered after the Bank takes all possible measures or necessary legal procedures. ⅱ. Five-tier Classification of Loans Unit: (RMB thousand) As a As a Change Change for Percentage Percentage for the the Period Closing Opening of the of the Type Period (Increase+, Balance Balance Closing Opening (Increase+, Decrease- ) Balance Balance Decrease-) (%) (%) (%) Pass Loans 33,406,612 26,422,824 +6,983,788 94.61 93.84 +0.77 Special Mention 1,198,915 1,016,537 +182,378 3.40 3.61 -0.21 Loans Substandard 646,948 656,389 -9,441 1.83 2.33 -0.50 Loans Doubtful 57,264 58,771 -1,507 0.16 0.21 -0.05 Loans Loss Loans 326 1,946 -1,620 0.00 0.01 -0.01 Total NPLs 704,538 717,106 -12,568 1.99 2.55 -0.55 Total Loans 35,310,065 28,156,467 +7,153,598 Note: The statistical method used is consistent with that applied in the reports to the CBRC. (Ⅴ) Change of Provision for Loans Unit (RMB thousand) Write-back Due Opening Write- Write- Closing Item Provision to Rise in Balance Back Off Balance Discounted Value Loan Provision 1,027,592 482,411 14,993 65,569 48,139 1,411,288 6 （Ⅵ）Impairment Provision for Impairment of Investments, Pledged Assets and Other Assets Unit (RMB thousand) Item Opening Balance Closing Balance Impairment Provision for Inter-bank Balances 19,503 19,503 Impairment Provision for Pledged Assets 30,749 43,040 Bad Debt Provision for Other Receivables 37,815 44,949 Impairment Provision for Construction in 0708 Progress Impairment Provision for Other Assets 14,423 12,698 (Ⅶ) Pledged Assets Unit: RMB (thousand) Type Closing Balance Percentage（％） Real Estates 68,700 100 Machinery 0 0 Shareholding 0 0 Others 0 0 Total 68,700 100 （Ⅷ） Main Investments Unit (RMB thousand) Amount of Investment as at the Shareholding Investments End of the Reporting （％） Period Dezhou City Commercial Bank Co., Ltd. 39,000 5.57 China UnionPay Co., Ltd. 8,135 0.27 City Commercial Banks' Funds Clearing Center 400 1.33 Shandong City Commercial Banks Association Co., Ltd. 10,000 7.14 Total 57,535 (Ⅸ) Off-Balance Sheet Items that may have Material Effect on the Financial Position and Operating Results ⅰ. Letters of Guarantee (L/Gs) and Letters of Credit (L/Cs) Issued As at the end of the reporting period, the balance of L/Gs issued was RMB613.62 million and the 7 balance of L/Cs issued was RMB305.38 million.
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