120亿！ 另一家上市银行计划这次将股票分配给宁波银行！ 为什么在去年固定增加80亿后才筹集资金？ _东方财富网

原标题：120亿！ 另一家计划分配股份的上市银行，这次是宁波银行！ 去年，它计划增加80亿。 为什么又要筹集资金？

概要

[12billion!AnotherlistedbankplanstoallocatesharesthistimetoBankofNingbo!Whydiditraisefundsafterafixedincreaseof8billionlastyear?】Followingthe20billionyuanallotmentofJiangsuBankanotherlistedbankplanstoallotsharesOntheeveningofJanuary22theBankofNingboissuedanannouncementstatingthatitintendstoallottoallA-shareshareholdersataratioofnomorethan1shareforevery10sharesandtheallotmentwillnotexceed12billionyuanAllwillbeusedtosupplementthecompany’scoreTier1capital(BrokerChina)

FollowingBank of Jiangsu20 billion yuanAllotmentAfter that, another listingbankPlan allotment.

On the evening of January 22,Bank of NingboreleaseannouncementSaid that it intends to distribute to all A shares at a ratio of no more than 1 share for every 10 shares.shareholderThe allotment and allotment of funds raised will not exceed 12 billion yuan, and all the funds raised from this allotment will be used for supplementation after deducting related issuance expensesthe companyCore Tier 1 capital.

　　Bank of NingboProposed rights issue to raise 12 billion yuan

　　Bank of NingboAccording to the announcement on the evening of January 22, the number of shares for this allotment plan is to be based on the total number of A shares of the company after the close of the company’s A shares on the registration day for the implementation of this allotment plan, and will be distributed at a ratio of no more than 1 share for every 10 shares Placement by all A-share shareholders.

According to the announcement, if the bank’s share capital as of September 30, 2020 is used as the base calculation, the number of shares placed in this placement does not exceed 601 million shares, and the total amount of funds raised does not exceed 12 billion yuan (including 12 billion yuan). Used to supplement core Tier 1 capital.

HaveBrokerageResearch reportdisplay,bankIndustry since 2018 for supportingReal economyDevelopment, City Commercial BankCreditThe quota is relatively loose, Ningbo in the past 3 yearsbankThe average annual compound growth rate of loans in China is also as high as 23.7%, which consumes a lot of capital.At the same time, in addition to traditional loan businesses, large retailstrategyNew businesses such as wealth management and wealth management also require refinancing to lay the foundation.

　　forBank of NingboReasons for refinancing,Zhongtai SecuritiesThere are four main points to summarize:

First, the company needs core capital support to ensure the continuity of its growth on the path of rapid growth.Core capital will beSmall and medium banksCore competitiveness.

The second is that Bank of Ningbo has the possibility of being included in systemically important banks, and its requirements for core Tier 1 capital adequacy ratios have increased.

Three isprofitThe ability to supplement capital is subject to regulatory restrictions. Supervision has a certain impact on the release of bank profits, thereby affecting the endogenous replenishment of bank capital.

Fourth, allotment is one of the best financing solutions for the company’s current situation, which can optimally and quickly replenish core tier 1 capital. It is expected that the allotment will significantly increase the core tier 1 capital adequacy ratio of Ningbo Bank, which will increase by 1.12 compared with the third quarter of 2020 Percentage point to 10.49%.

　　After the 8 billion fixed increase, why did you launch a rights issue?

As a leading city commercial bank, Bank of Ningbo has always maintained a relatively stable refinancing rhythm, exceptClaimsIn addition to such financing, Bank of Ningbo issued in 2017Convertible bondIn addition to raising 10 billion yuan, Bank of Ningbo will increase 4.4 billion yuan, 3.1 billion yuan, and 8 billion yuan respectively in 2010, 2014 and early 2020.

As of the end of September 2020, the core Tier 1/ Tier 1/ capital adequacy ratios of Bank of Ningbo are respectively 9.37%, 10.75%, and 14.76%, which are all higher than the previous regulatory standards (7.5%, 8.5%, 10.5%) and are in city commercial banks. Higher level. Why is the allotment plan introduced this time?marketOpinions differ.

FrompriceIn view of this, considering the amount of funds raised and the number of shares issued in the public offering of securities of Bank of Ningbo, the rights issue price of Bank of Ningbo is expected to be 19.97 yuan per share.At the end of the third quarter of 2020, Bank of NingboNet assets16.72 yuan, lower than the allotment price.As of the afternoon of January 22, the stock price of Bank of Ningbo was 37.79 yuan/share, the latestP/B ratioIs 2.3 times.

　　Shen Wan HongyuanChief of Financial IndustryAnalystMa Kunpeng believes that allotment is good for long-term holdingsinvestment“Worry that the issue of allotment will spread across the banking sector is purely unnecessary anxiety.” On the contrary, because investors vote with their feet, it is expected to bring “banking sectorPositionIt will further concentrate on high-quality targets and further widen the valuation gap within the sector. “

Public information shows that the allotment of shares by banking institutions was mainly concentrated in 2010, and the major state-owned banks and shareholding players were the main players. year 2013,China Merchants Bank、Industrial Bank、Bank of Communications、Bank of China、Construction Bank、ICBC、Bank of NanjingThe allotment plans were completed respectively. At that time, the seven banks raised a total of 135.316 billion yuan. In July 2011,CITIC BankCompleted allotment and fundraising of 17.561 billion yuan.

　　CITIC SecuritiesStatistics show that, comprehensively integrating the allotment experience of A-share listed banks, 9 banks involved a total of 10 allotments, of which 9 times were concentrated from March 2010 to August 2013.

(Source: Brokerage China)

(Editor in charge: DF512)