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(Original title: Ping An Bank was fined another 1.5 million yuan, bringing the total fine to more than 70 million yuan this year)

Consumer Daily News (Reporter Lu Yue) On July 10, the State Financial Supervision and Administration Bureau disclosedPing An BankShanghai branchAdministrative penalty information: Ping An Bank Shanghai Branch was fined for "liquidity funds"loanmanagement is seriously imprudent; employee behavior is not properly managed", violating the "People's Republic of ChinabankingThe violation was in violation of Article 46(5) of the Supervision and Administration Law and a fine of RMB 1.5 million.

(Source: State Financial Supervision and Administration Bureau)

The penalty information shows that three relevant persons in charge of Ping An Bank were banned from working in the banking industry for several years. Leng Peidong, then president of Ping An Bank Shanghai Branch, was directly responsible for the bank's serious imprudence in the management of working capital loans and was banned from working in the banking industry for ten years; Yang Hua, then assistant president of Ping An Bank and president of Shanghai Branch, was directly responsible for the bank's serious imprudence in the management of working capital loans and was banned from working in the banking industry for ten years; Chen Yiming was directly responsible for the inadequate management of employee behavior of Ping An Bank Shanghai Branch and was banned from working in the banking industry for five years.

Ping An Bank is a national joint-stock commercial bank headquartered in Shenzhen.Shenzhen Development BankIt is the first publicly listed national joint-stock bank in mainland China. On July 25, 2012,Bank of ChinaThe China Securities Regulatory Commission approved the Shenzhen Development Bank to change its name to "Ping An Bank". China Ping An Insurance (Group) Co., Ltd. (hereinafter referred to as "China Ping An") holds a 49.56% stake and is the controlling shareholder of Ping An Bank.

Ping An Bank's latest financial report shows that as of the end of the first quarter, the bank's total assets reached 5729.398 billion yuan, an increase of 2.5% from the end of last year. In terms of performance, it continued the trend of "increasing profits but not revenues" in 2023.

In the first quarter of 2024, Ping An Bank achieved operating income of 38.77 billion yuan, a year-on-year decrease of 14.0%, of which net interest income was only 25.157 billion yuan, a sharp year-on-year decrease of 21.67%; net profit was 14.932 billion yuan, a year-on-year increase of 2.3%, and among the 42 listed banks, its revenue decline was the largest.

Ping An Bank's retail financial business seems to have entered a "bottleneck period". In 2023, Ping An Bank's retail financial business contributed 96.161 billion yuan in operating income, a year-on-year decrease of 6.65%; retail financial business contributed 5.525 billion yuan in net profit, a year-on-year decrease of 72.14%. By the first quarter of 2024, Ping An Bank's retail business development is still under pressure. As of the end of the first quarter of 2024, Ping An Bank's personal loan balance was 1,878.13 billion yuan, a year-on-year decrease of 8.3%.

It is worth noting that Ping An Bank has been repeatedly punished by regulatory authorities since the beginning of this year, becoming the bank with the highest amount of fines among financial institutions in the first half of the year, with a total fine of 74.4898 million yuan, including a huge fine of 67.2398 million yuan.

On June 28, the Shenzhen Securities Regulatory Bureau announced that Ping An Bank had conducted fund sales business by giving away fund shares, and had taken administrative supervision measures against Ping An Bank by issuing a warning letter.