On December 26, the Hechuan Branch of Chongqing Rural Commercial Bank failed to perform its duties due to the "three checks" on loansPoor monitoring of misappropriation of loan funds;The loan funds were returned to the borrower for three violations of laws and regulations, and he was fined 1.2 million yuan.
Luo Jing, then vice president of the Hechuan branch of the Chongqing Rural Commercial Bank, was given a warning.
Since the beginning of this year, Chongqing Rural Commercial Bank has been repeatedly punished by regulators.
On March 16, 2023, Chongqing Rural Commercial Bank was taken by the Chongqing Securities Regulatory Bureau to issue a warning letter for illegal sales
On April 23, 2023, the Youyang Branch of Chongqing Rural Commercial Bank was fined 1.05 million yuan for violations of laws and regulations such as misappropriation of credit funds and flow of credit funds to affiliated companies.
Also due to the misappropriation of credit funds, Chongqing Rural Commercial Bank received a fine of 10 million yuan from the regulator in November 2022, and Chongqing Rural Commercial Bank was fined 12.85 million yuan by the Chongqing Banking and Insurance Regulatory Bureau due to 9 violations, and 6 Chongqing Rural Commercial Bank management were given warnings or fines.
Among the 9 violations, 8 were related to loans and credit grants.
Chongqing Rural Commercial Bank, formerly known as Chongqing Rural Credit Cooperative, was established in 1951. In 2010, Chongqing Rural Commercial Bank was successfully listed on the main board of the H-share market in Hong Kong, becoming the first listed rural commercial bank in China and the first listed bank in the western region.
As the "first brother" of rural commercial banks, the performance of Chongqing Rural Commercial Bank is still stable.
In the first three quarters of 2023, Chongqing Rural Commercial Bank achieved revenue of 2190 billion yuan, a year-on-year decrease of 291%, despite a decline, still maintains the first position of listed rural commercial banks.
The net profit for the same period was 995.5 billion yuan, an increase of 7 over the same period last year71%。
As of September 30, 2023, the total assets of Chongqing Rural Commercial Bank have reached 145 trillion yuan, an increase of 955 from the end of the previous year9.6 billion yuan, an increase of 707%；The total amount of loans and advances was 67925.8 billion yuan, an increase of 465 from the end of the previous year8.1 billion yuan, an increase of 736%。
Among them, the balance of personal loans is 29420.1 billion yuan, accounting for 43 percent of total loans31%, down from the end of last year.
In terms of asset quality, the non-performing ratio of Chongqing Rural Commercial Bank is slightly higher than that of several other listed rural commercial banks. At the end of September 2023, the non-performing rate of Chongqing Rural Commercial Bank was 120%, down 002 percentage points, the non-performing rate of Shanghai Rural Commercial Bank in the same period was only 097%。
In 2023, Chongqing Rural Commercial Bank has undergone a series of senior management changes.
On July 14, Sui Jun's qualifications to serve as the president of Chongqing Rural Commercial Bank were approved, and it is worth noting that Sui Jun previously served as vice president of Chongqing Bank.
On August 3, Gao Song, vice president of Chongqing Rural Commercial Bank, resigned, and it is reported that Gao Song later "switched" to the Bank of Chongqing and succeeded Ran Hailing, who retired at the end of the year, as president.
On October 12, Wang Min, vice president of Chongqing Rural Commercial Bank, also resigned from relevant positions because he reached the statutory retirement ageAt the same time, Yang Xiaotao, chairman of the board of supervisors, resigned from relevant positions because he reached the statutory retirement age.
On November 22, the board of directors of Chongqing Rural Commercial Bank passed the relevant proposal, and agreed to appoint Zhou Guohua as the vice president of the company and Liu Yi as the general manager of the company's finance and accounting department.