Has Dongying Bank declared bankruptcy?

Not bankrupt. According to China official website, as of March 26, 2024, the core Tier 1 capital adequacy ratio of Dongying Bank was only 8.04%, which was about to fall below 8%, and the space from the lower regulatory limit of 7.5% was getting smaller and smaller. In addition, Dongying Bank's endogenous ability to supplement capital through profits is weak. Information disclosure documents in the third quarter show that Dongying Bank achieved a net profit of only 426 million yuan in the first three quarters of this year. Especially in the third quarter, the bank achieved a revenue of 800 million yuan, about 1/3 of the total revenue in the first three quarters, but its net profit in the third quarter was only 62.56 million yuan. Specifically, the net fee and commission income in the third quarter is only about 20% of the total in the first three quarters. The regulatory authorities advocate that banks take the initiative to reduce fees and make profits to entities and small and micro customers. With the official implementation of the existing mortgage interest rates cut in September, it is expected that the banking industry's revenue decline in the fourth quarter may be further. Dongying Bank, formerly known as Dongying City Commercial Bank, was established in September 2005 and officially changed its name to Dongying Bank in March 20 12. Since its establishment, Dongying Bank has closely focused on the strategic goal of building a boutique bank, a characteristic bank and a harmonious bank that meet the listing requirements, adhered to the market positioning of "based on Dongying, focusing on small enterprises and serving the citizens", grasped the working tone of "development, characteristics, prudence and promotion", seized the opportunity, reformed and innovated, and achieved sustained, steady and coordinated development.