Recently, the National Financial Regulatory Administration disclosed that Bank of Chengdu Co., Ltd. (601838.SH) was fined 900,000 yuan by the Sichuan Financial Regulatory Bureau for non-prudent management of loans, deposits, discounting, and bill businesses, among other violations. Additionally, 15 of its branches—including Mianyang, Meishan, and Tianfu New District branches—were collectively fined 6.35 million yuan. Thirteen responsible individuals were also issued warnings and fined a total of 730,000 yuan.
This marks the third penalty imposed on Bank of Chengdu in 2025. In January, the Sichuan branch of the China Securities Regulatory Commission issued a warning letter to the bank for deficiencies in its fund sales business, including inadequate internal controls, unqualified sales personnel, and flawed performance evaluation mechanisms. In September, its Yibin branch was fined and had illegal gains confiscated totaling 252,000 yuan by the Yibin Foreign Exchange Administration for improper handling of routine foreign exchange payments.
The latest fines amount to 7.25 million yuan at the corporate level, covering violations across core operations such as fund sales, loans, deposits, discounting, bills, and foreign exchange.
In recent years, Bank of Chengdu's growth has slowed significantly. From 2021 to 2024, its year-on-year revenue growth rates were 22.54%, 13.14%, 7.22%, and 5.89%, respectively. By Q3 2025, revenue growth further declined to 3.01%. Notably, the bank reported its first-ever quarterly revenue decline since listing. Moreover, its core Tier 1 capital adequacy ratio of 8.77% in Q3 2025 remained well below the industry average of 9.45% for listed city commercial banks.
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