Another joint-stock bank has received a substantial penalty notice.

Recently, the administrative penalty information disclosure from the People's Bank of China Xiamen Branch showed that MINSHENG BANK was given a warning, public criticism, and fined a total of 1.4796 million yuan for five violations including: violating anti-counterfeit currency business management regulations; violating data security management regulations; failing to fulfill customer identity verification obligations as required; failing to perform risk monitoring and related disposal obligations for abnormal accounts and suspicious transactions; and violating account management regulations.

According to statistics, since 2025, MINSHENG BANK has frequently faced regulatory penalties, with cumulative fines totaling approximately 27 million yuan to date.

On September 12, MINSHENG BANK was fined 5.9 million yuan for inadequate system usage control, insufficient basic software version management, and lax production operation and maintenance management.

On August 1, MINSHENG BANK's Haikou Branch was fined 950,000 yuan by regulatory authorities for inadequate loan management and bill business management.

On July 18, MINSHENG BANK's Shenyang Branch was fined 600,000 yuan for credit funds flowing back to borrowers and issuing loans exceeding working capital needs.

On February 18, MINSHENG BANK's Yanbian Branch was fined 300,000 yuan for inadequate post-loan inspections, failing to discover credit funds flowing back to borrower-related parties, ultimately resulting in non-performing loans.

In January, MINSHENG BANK was warned by the People's Bank of China and had illegal gains of 990,000 yuan confiscated, plus a fine of 17.055 million yuan for multiple violations including violating account management regulations, clearing management regulations, anti-counterfeit currency business management regulations, and occupying fiscal deposits or funds.

Additionally, in January this year, the National Financial Regulatory Administration Jiangsu Bureau fined MINSHENG BANK's Yangzhong Branch 100,000 yuan for deceiving insurers, policyholders, insured persons, or beneficiaries.

Regarding performance, in the first half of 2025, MINSHENG BANK achieved operating revenue of 72.384 billion yuan, up 7.83% year-on-year; net profit attributable to shareholders (21.38 billion yuan) decreased 4.87% year-on-year; as of the end of June, total assets were approximately 7.77 trillion yuan, down 46.048 billion yuan from the end of last year, a decrease of 0.59%.

In 2024, MINSHENG BANK delivered a "double decline" report card, with operating revenue of 136.29 billion yuan, down 3.21% year-on-year; net profit attributable to shareholders of 32.296 billion yuan, down 9.85% year-on-year.

In terms of asset quality, from the end of 2020 to the end of 2024, MINSHENG BANK's non-performing loan ratios were 1.82%, 1.79%, 1.68%, 1.48%, and 1.47% respectively, showing annual improvement; during the same period, provision coverage ratios were 139.38%, 145.3%, 142.49%, 149.69%, and 141.94% respectively, maintaining overall stability but at low industry levels, indicating relatively weak risk supplementation capability.

As of the end of June 2025, MINSHENG BANK's non-performing loan ratio was 1.48%, up 0.01 percentage point year-on-year; provision coverage ratio was 145.06%, down 4.2 percentage points year-on-year.

According to data released by the National Financial Regulatory Administration, at the end of the second quarter this year, commercial banks' non-performing loan ratio was 1.49%, down 0.02 percentage point from the end of the first quarter; provision coverage ratio was 211.97%, up 3.84 percentage points from the end of the first quarter.