A few days ago, Jiangsu Jiangyin Rural Commercial Bank Co., Ltd. (Jiangyin Bank) held a board meeting at Yinxin Building, chaired by Chairman Song Ping.
The meeting reviewed three proposals, which at first glance appeared to be routine procedural matters. The first proposal involved additional investment in Jiangsu Jingjiang Rural Commercial Bank Co., Ltd.; the second concerned the appointment of a Chief Compliance Officer; and the third was about hiring a General Manager for the Planning and Finance Department.
A closer analysis reveals that Jiangyin Bank is actively addressing two major challenges.
**1. Revenue Growth** Jiangyin Bank plans to invest an additional 30 million yuan in Jiangsu Jingjiang Rural Commercial Bank, maintaining its 9.9% stake without affecting its consolidated financial statements. As the largest shareholder, Jiangyin Bank exerts significant influence over Jingjiang Bank’s operations, which serves as a key platform for its external business expansion.
In simple terms, Jiangyin Bank aims to boost earnings through external investments. In the first half of this year, the bank recorded an investment gain of 20.505 million yuan from Jingjiang Bank, though other comprehensive income adjustments showed a loss of 2.241 million yuan.
By the end of 2024, Jingjiang Bank had 537 employees, with total deposits reaching 43.051 billion yuan (up 14.57% YoY) and loans totaling 34.741 billion yuan (up 10.49% YoY). Pre-provision profits rose by 68 million yuan to 811 million yuan, indicating growth potential.
However, Jiangyin Bank itself faces urgency in improving revenue. In the first three quarters of 2025, its operating income grew 6.17% YoY to 3.204 billion yuan, while net profit attributable to shareholders increased 13.38% to 1.278 billion yuan. Yet, Q3 revenue declined 4.88% to 803 million yuan, marking negative growth, though net profit rose 7.52% to 432 million yuan.
Among six A-listed rural commercial banks in Jiangsu, Jiangyin Bank’s profitability remains at the bottom.
**2. Compliance Management** The board appointed Executive Director Ni Qinghua, the 49-year-old president, as Chief Compliance Officer—a move underscoring the bank’s heightened focus on compliance.
Jiangyin Bank has faced regulatory pressure. In April, it was fined 600,000 yuan by Wuxi’s financial regulator for inaccuracies in key data fields and underreporting off-balance-sheet derivatives. In June, it received its first public penalty for fund sales violations, citing deficiencies in internal controls, risk management, and reporting.
Since early this year, Jiangyin Bank has restructured its management team to enhance governance. In March, Weng Yefeng was appointed Risk Director. In April, 35-year-old Zhou Xiaotang became the youngest executive as Board Secretary, replacing Bian Danjuan, who resigned due to age. In July, Yu Xiaoyun succeeded Wang Kai as Deputy President after his transfer.
By October, Bian Danjuan resigned as director and committee member for personal reasons. Currently, Jiangyin Bank’s leadership comprises President Ni Qinghua and five deputies—Ni Zhijuan (50), Wang Anguo (43), Yu Gan (36), Chen Kaicheng (41), and Yu Xiaoyun (40)—most of whom are post-80s executives.
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