New stock news | The second listing application of Yibin Commercial Bank failed, making it the second largest city commercial bank in Sichuan Province.

Yibin Commercial Bank Co., Ltd.'s Hong Kong stock prospectus submitted on March 28, 2024, expired after 6 months on September 28. Joint sponsors of the submission were China International Capital Corporation and Industrial and Commercial Bank of China International. The bank's previous submission on June 30, 2023, had already expired. Public information indicates that Yibin Commercial Bank was established in December 2006, formerly known as Yibin City Urban Credit Cooperative established in 2000. It was the first local financial institution in Yibin City that was government-controlled. According to the prospectus, as of the end of 2023, the bank's registered capital was 3.9 billion yuan, making it the largest registered capital among all city commercial banks in Yibin and the second largest in Sichuan Province. According to the latest prospectus, Yibin Commercial Bank also achieved double-digit growth in its performance. In 2023, the bank's operating income reached 2.17 billion yuan, a year-on-year increase of 16.2%, and it achieved a net profit of 477 million yuan, a year-on-year increase of 10.4%. As of the end of 2023, its total assets were 93.44 billion yuan, an increase of 16.2% compared to the previous year. Customer deposits (excluding interest) were 68.792 billion yuan, customer loans and advances were 51.392 billion yuan, with a non-performing loan ratio of 1.76% and a provision coverage ratio of 262.02%.