On May 6, the administrative penalty information disclosure form of the Anqing Supervisory Branch of the State Administration of Financial Supervision and Administration showed that the Anqing branch of Bank of Communications Co., Ltd. was fined 1.35 million yuan for issuing fixed asset loans in violation of regulations.

Meanwhile, Guo Qingwei, then deputy governor of the Anqing branch of the Bank of Communications, Tang Jian, then head of the Jixian Road branch of the Anqing branch of the Bank of Communications, and Zhou Lin, then general manager of the major accounts department of the Anqing branch of the Bank of Communications, were warned that the Anqing branch of the Bank of Communications was responsible for issuing fixed asset loans in violation of regulations, and fined 60,000 yuan each.

Recently, the Bank of Communications released its report for the first quarter of 2024. From January to March 2024, the Bank of Commerce achieved operating revenue of 67.201 billion yuan, an increase of 0.05% over the previous year, and realized net profit to mother of 24.988 billion yuan, an increase of 1.44% over the previous year.

At the end of the reporting period, the balance of non-performing loans of the Bank was 108.377 billion yuan, an increase of 2,689 billion yuan, or 2.54%; the non-performing loan ratio was 1.32%, down 0.01 percentage points from the end of the previous year.