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four more banks to be dissolved

2024-09-09

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on september 9, administrative licensing information disclosed on the official website of the financial regulatory administration showed that the absorption and merger applications of five village banks under qilu bank have been approved recently, and one of the village banks will absorb and merge the other four.

handan and hanshan qilu rural bank will absorb and merge four rural banks

the approval document shows that the hebei financial regulatory bureau agreed on september 6 handan hanshan qilu rural bankabsorption merger anqilu village bank, cixian qilu village bank, weixian qilu village bank, shexian qilu village bank, and take over the assets, liabilities, businesses and employees of the above four village banks.

hebei financial regulatory bureau requires handan handan qilu village bank to strictly follow relevant laws and regulations to handle the preparations for the merger and absorption, and urge the above four village banks to complete the dissolution-related matters. at the same time, after the preparations for the merger and absorption are completed, they should apply to the regulatory authorities for changes in legal entities and opening of branches in accordance with relevant procedures and regulations.

data shows that handan hanshan qilu rural bank, cheng'an qilu rural bank, cixian qilu rural bank, weixian qilu rural bank, shexian qilu rural bank all are wholly-owned subsidiaries of qilu bankin terms of registered capital, handan hanshan qilu rural bank has a registered capital of 70 million yuan, shexian qilu rural bank has a registered capital of 60 million yuan, weixian qilu rural bank has a registered capital of 50 million yuan, cixian qilu rural bank has a registered capital of 42 million yuan, and chengan qilu rural bank has a registered capital of 40 million yuan.

in the first half of this year, handan handan qilu rural commercial bank achieved operating income of 10.584 million yuan and net profit of 848,000 yuan; as of the end of june this year, total assets were 582 million yuan.

shexian qilu rural commercial bank, weixian qilu rural commercial bank, cixian qilu rural commercial bank and cheng'an qilu rural commercial bank also achieved profits in the first half of the year. as of the end of june this year, their total assets were 499 million yuan, 611 million yuan, 270 million yuan and 638 million yuan, respectively.

qilu bank was established in june 1996. it is one of the first city commercial banks in china and the first in shandong province to establish and introduce foreign strategic investment. it was listed on the shanghai stock exchange in june 2021. the bank's business and network are mainly concentrated in shandong province. as of the end of june this year, qilu bank has 16 village banks. in addition to the village banks that have been absorbed and merged, there are currently 3 village banks registered in hebei.

in terms of subsidiary management, in recent years, qilu bank has continuously strengthened the integrated management of village banks by increasing capital and shareholding ratio, and fully fulfilled its responsibilities as the main sponsor. as of the end of june this year, the total assets of qilu bank were 647.544 billion yuan, an increase of 7.06% over the end of last year.

hebei's rural bank reform and reorganization continues to advance

in may this year, the party branch of the rural and small and medium-sized bank supervision department of the financial regulatory administration proposed in its signed article "comprehensively promote reform and risk mitigation to promote the high-quality development of rural small and medium-sized banks" to accelerate the merger and reorganization of rural small and medium-sized banks, reduce the number and levels of rural small and medium-sized bank institutions, strengthen centralized and unified management, optimize the institutional layout according to local conditions, reshape the operating mechanism, and promote the continuous convergence of risks.

under the guidance of policies and supervision, the reform and restructuring of village banks in hebei province has been continuously advanced since the second half of the year, with remarkable results.

judging from the plans that have been implemented, in terms of increasing equity holdings, chengdu rural commercial bankapproved to acquire the equity of eight village banks including luannan zhongcheng village bank and anguo zhongcheng village bank; zhejiang wenzhou ouhai rural commercial bankapproved to acquire the equity interests of luquan hengsheng rural bank and zhengding hengsheng rural bank; hebei xingtai rural commercial bankit was approved to acquire equity in four villages and towns, including xingtai renze district xingnong commercial bank and longyao xingnong commercial bank.

in terms of absorption and merger, on august 27, bank of zhangjiakouit was approved to acquire qinhuangdao funing jiayin rural bank, changli jiayin rural bank, and lulong jiayin rural bank and set up branches in each of them; on august 15, hebei zhengding rural commercial bank was approved to absorb and merge zanhuang longxing rural bank, and chengde county hengsheng rural bank was approved to absorb and merge pingquan hengsheng rural bank.