Qilu Bank
| Qilu Bank | |
Native name | 齐鲁银行股份有限公司 |
| Company type | City commercial bank |
| SSE: 601665 SSE: 113065 (convertible bond) | |
| ISIN | CNE100005154 |
| Industry | Financial services |
| Founded | June 5, 1996 in Jinan, China |
| Headquarters | No. 10817, Jingshi Road, Yaojia Subdistrict, Lixia District, Jinan , China |
Area served | China |
Key people | Zheng Zugang (Chairman) Zhang Hua(President) |
| Revenue |  RMB 11.064 billion (2022) |
| RMB 3.869 billion (2022) | |
| RMB 3.631 billion (2022) | |
| Total assets | RMB 506.013 billion (2022) |
| Total equity | RMB 35.589 billion (2022) |
| Owner |
|
Number of employees | 4,031 (2022) |
| Subsidiaries |
|
| Capital ratio | Not disclosed |
| Rating | Not disclosed |
| Website | www |
| Footnotes / references All financial data are as of the end of 2022 and denominated in RMB unless otherwise specified. | |
Qilu Bank Co., Ltd. (SSE: 601665) is a city commercial bank in mainland China, formed through the merger of Shandong Provincial Commercial Bank and Jinan City Commercial Bank. [1][2]The head office is located in Jinan, Shandong Province, with branches established in all 16 prefecture-level cities within the province and outside the province in Beijing, Tianjin, Zhengzhou, Kaifeng (including Lankao County), Lianyungang, Xuzhou, Nanjing, and Shanghai.[3][4]
Development History
[edit]Former Shandong Provincial Commercial Bank
[edit]- In March 1995, with approval from the People's Government of Shandong Province, Shandong Provincial Commercial Bank was established, and began gradually setting up branches in all 17 prefecture-level cities across the province.[5]
- On September 8, 2004, a strategic cooperation was successfully achieved with the Commonwealth Bank of Australia (CBA).[6]
- On November 30, 2005, the first out-of-province branch, the Tianjin Branch, was opened.[7]
Former Jinan City Commercial Bank
[edit]- On June 6, 1996, Jinan Urban Cooperative Bank was established based on 16 urban credit cooperatives and 1 urban credit cooperative association in Jinan.[8]
- On June 6, 1998, “Jinan Urban Cooperative Bank” was renamed as Jinan City Commercial Bank.[8]
- On March 19, 2008, the first non-local branch, the Liaocheng Branch, was opened.[9]
Merger into Qilu Bank
[edit]- On June 6, 2009, Shandong Provincial Commercial Bank and Jinan City Commercial Bank merged and were renamed as the current Qilu Bank.[10]
Top 10 Shareholders
[edit]The top 10 shareholders of Qilu Bank and their shareholding status are as follows:[11]
| Shareholder Name | Number of Shares | Shareholding Ratio (%) |
|---|---|---|
| Commonwealth Bank of Australia | 473,750,000 | 20.00 |
| State-owned Assets Supervision and Administration Commission of Shandong Province | 422,500,000 | 17.84 |
| Jigang Group Co., Ltd. | 117,000,000 | 4.94 |
| Jinan Economic Development Investment Corporation | 115,313,957 | 4.87 |
| Shandong Jianbang Investment Management Co., Ltd. | 106,000,000 | 4.47 |
| Rizhao Steel Holding Group Co., Ltd. | 100,000,000 | 4.22 |
| Shandong Sanqing Real Estate Co., Ltd. | 99,000,000 | 4.18 |
| China National Heavy Duty Truck Group Co., Ltd. | 70,500,000 | 2.98 |
| Zhongrun Futai Investment Co., Ltd. | 45,000,000 | 1.90 |
| Luxin Group Co., Ltd. | 40,000,000 | 1.69 |
Bill Fraud Case
[edit]At the end of 2010, a bill fraud case occurred at Qilu Bank, involving an amount between RMB 1 billion and 1.5 billion. The main figure in the case, Liu Jiyuan, attracted large depositors to Qilu Bank by offering high interest rates. Then, the bank’s business manager colluded with Liu Jiyuan to issue flawed certificates of deposit, which were used as collateral for loans. The cash obtained from the loans was then redeposited, creating a cycle that expanded the scale of deposits and loans.[12][13]
PwC Zhong Tian LLP raised questions in its audit regarding the legitimacy of RMB 4.8 billion in “pledged deposit” loans recorded in Qilu Bank’s 2009 financial statements, as well as concerns about borrowers’ repayment capacity, and issued a qualified opinion. Qilu Bank subsequently replaced its auditor.[14]
Due to the impact of the fraud case, then-Chairman Qiu Yunzhang and President Guo Tao of Qilu Bank were dismissed.[15]
References
[edit]- ^ "齐鲁银行(601665)年度报告_新浪财经_新浪网" [en.Qilu Bank (601665) Annual Report_Sina Finance_Sina.com]. vip.stock.finance.sina.com.cn. 2025-06-23. Retrieved 2025-06-24.
- ^ "齐鲁银行股份有限公司" [en.Qilu Bank Co., Ltd.]. jyb.cjlu.edu.cn. Retrieved 2025-06-24.
- ^ "齐鲁银行(601665)_公司公告_齐鲁银行：及其发行的公开发行债券跟踪评级报告新浪财经_新浪网" [en.Qilu Bank (601665) _ Company Announcement _ Qilu Bank: Tracking Rating Report on Publicly Issued Bonds Sina Finance _ Sina.com]. vip.stock.finance.sina.com.cn. 2025-06-23. Retrieved 2025-06-24.
- ^ "齐鲁银行简介" [en.Introduction to Qilu Bank]. sd.ifeng.com. 2013-06-22. Retrieved 2025-06-24.
- ^ "齐鲁银行 - 山东省物流与交通运输协会" [en.Qilu Bank - Shandong Provincial Logistics and Transportation Association]. www.sd56.org. 2020-06-16. Retrieved 2025-06-24.
- ^ "山东省首家城市商业银行：齐鲁银行－青岛新闻网" [en.Shandong Province's first urban commercial bank: Qilu Bank - Qingdao News Network]. finance.qingdaonews.com. 2011-10-26. Retrieved 2025-06-24.
- ^ Wang, Beibei (2010-07-07). "齐鲁银行天津华苑支行正式开业 - 财经频道 - 大众网" [en.Qilu Bank Tianjin Huayuan Branch Officially Opens - Finance Channel - Dazhong Network]. finance.dzwww.com. Retrieved 2025-06-24.
- ^ a b "齐鲁银行鸣响警钟" [en.Qilu Bank sounds the alarm]. paper.people.com.cn. Retrieved 2025-06-24.
- ^ "齐鲁银行聊城分行：耕耘十四载 筑梦向未来_发展_企业_服务" [en.Qilu Bank Liaocheng Branch: Fourteen Years of Hard Work, Building Dreams for the Future_Development_Enterprise_Services]. www.sohu.com. 2022-03-18. Retrieved 2025-06-24.
- ^ "济南市商业银行6日起正式更名为齐鲁银行" [en.Jinan Commercial Bank officially changed its name to Qilu Bank on the 6th.]. finance.sina.cn. 2009-06-06. Retrieved 2025-06-24.
- ^ "齐鲁银行(601665) - 主要股东 - 股票行情中心 - 搜狐证券" [en.Qilu Bank (601665) - Major Shareholders - Stock Market Center - Sohu Securities]. q.stock.sohu.com. 2025-03-31. Retrieved 2025-06-24.
- ^ Cheng, Haijiao (2011-01-13). "齐鲁银行"骗贷"事件还原_网易第一线" [en.Reconstructing the Qilu Bank “loan fraud” incident_NetEase First Line]. money.163.com. Retrieved 2025-06-24.
- ^ "齐鲁银行卷入巨额骗贷案-专题-银行频道-和讯网" [en.Qilu Bank Involved in Massive Loan Fraud Case - Special Feature - Banking Channel - Hexun News]. bank.hexun.com. Retrieved 2025-06-24.
- ^ "齐鲁银行案收场" [en.The Qilu Bank case comes to an end]. other.caixin.com. 2013-07-02. Retrieved 2025-06-24.
- ^ "齐鲁银行高层意外换血" [en.Unexpected shake-up in senior management at Qilu Bank]. finance.caixin.com. 2011-03-03. Retrieved 2025-06-24.