Core Viewpoint - Suzhou Bank plans to acquire the equity of other shareholders in Dongwu Village Bank, further strengthening its domestic layout in Jiangsu province [1][3]. Group 1: Acquisition Details - On June 20, Suzhou Bank's board of directors approved the acquisition of Dongwu Village Bank's equity, marking a significant step in enhancing its provincial presence [3]. - This acquisition follows the establishment of the Xuzhou branch last year, which achieved full coverage of institutions within Jiangsu [3]. Group 2: Company Overview - Suzhou Bank, established in September 2010, has a registered capital of 3.667 billion yuan and is the only listed urban commercial bank headquartered in Suzhou [3]. - As of the end of Q1 2025, Suzhou Bank's total assets reached 727.154 billion yuan, a 4.8% increase from the previous year [3]. - The bank reported an operating revenue of 3.25 billion yuan, a year-on-year growth of 0.76%, and a net profit attributable to shareholders of 1.554 billion yuan, up 6.80% [3]. Group 3: Industry Context - The reform and risk resolution of village banks have been ongoing, with several banks, including Beijing Bank and Jiangsu Bank, acquiring shares in village banks [5]. - The China Banking and Insurance Regulatory Commission has supported the capital supplementation and restructuring of village banks to mitigate risks [5].
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