广州农商行遭3家银行起诉，涉案金额1.26亿！另牵涉多家金融机构

Core Viewpoint - Guangzhou Rural Commercial Bank is facing lawsuits from three banks related to a financial product, indicating potential widespread issues with the product [1][5][6]. Legal Proceedings - The bank disclosed four pending lawsuits with amounts exceeding 10 million RMB, totaling approximately 208 million RMB, with three cases linked to the financial product "Anxin Return No. 262," amounting to 126 million RMB [1][5][14]. - The lawsuits involve Yaan Rural Commercial Bank, Henan Wugang Rural Commercial Bank, and Qinghai Xining Rural Commercial Bank, with varying filing dates, suggesting systemic issues with the product [1][5][6]. Financial Product Details - "Anxin Return No. 262" is a wealth management product issued by Guangzhou Rural Commercial Bank aimed at other financial institutions, though specific details about its issuance, expected returns, and investment duration are not publicly disclosed [5][6]. - The product has previously attracted public attention due to similar issues with other products in the "Anxin Return" series [12]. Third-Party Involvement - Multiple financial institutions, including Wanji Fund Management Co., Ltd. and Shanghai Zhiyi Investment Management Co., Ltd., are involved as third parties in the lawsuits, indicating a broader impact on the financial ecosystem [8][11]. Financial Health Indicators - As of mid-year, Guangzhou Rural Commercial Bank reported a non-performing loan ratio of 1.98%, an increase of 32 basis points from the previous year, with specific increases in both corporate and personal loan categories [15]. - The bank's expected liabilities from lawsuits are estimated at 85.05 million RMB, with total expected credit losses amounting to 938 million RMB, leading to a total of 1.023 billion RMB [14].