Core Viewpoint - Guangdong Huaxing Bank's Shenzhen branch has been penalized for illegal activities, including the return of discount funds to the issuer for certificate of deposit collateral, leading to inflated deposits. The bank's financial performance has shown a decline in revenue and net profit for 2024 [1][2]. Financial Performance - In 2024, Guangdong Huaxing Bank reported revenue of 8.367 billion yuan, a year-on-year decrease of 0.49% [1]. - The net profit for the same period was 2.852 billion yuan, reflecting a year-on-year decline of 5.56% [1]. - As of the end of 2024, the bank's loans and advances amounted to 245.465 billion yuan, an increase of 7.79% year-on-year [1]. - The total deposits reached 313.141 billion yuan, marking a year-on-year growth of 4.08% [1]. Regulatory Actions - The Shenzhen Financial Regulatory Bureau disclosed that Guangdong Huaxing Bank's Shenzhen branch was fined 600,000 yuan for its violations, and a warning was issued to the responsible individual, Wu Zhihong [2].
广东华兴银行深圳分行被罚款60万元 存在虚增存款等违规行为
Xi Niu Cai Jing·2025-11-17 10:20