Bank of Lanzhou’s new management structure takes shape: Liu Min “parachuted” to be promoted to president for more than half a year, and at the same time, three vice presidents were promoted internally

Blue Whale News, March 6 (Reporter Jin Lei)On the evening of March 5, Bank of Lanzhou announced that the sixth board of directors reviewed and approved the “Proposal on Appointing Mr. Liu Min as President of Bank of Lanzhou Co., Ltd.” and agreed to appoint Liu Min as President of the bank. According to relevant regulatory regulations, Liu Min’s qualifications still need to be submitted to the Gansu Supervision Bureau of the State Financial Supervision and Administration for approval, and he will formally perform his duties as president after his qualifications are approved.

At the same time, the meeting also reviewed and approved the “Proposal on Appointment of Vice Presidents of Bank of Lanzhou Co., Ltd.” and agreed to appoint Li Tao, Han Jiajun and Sheng Baihan as deputy presidents of Bank of Lanzhou.

Blue Whale News combed and found that the four new executives were all promoted internally and were all born in the 1970s.

It is understood that Liu Min, born in 1979, is an old ICBC employee with management experience in multiple business lines. According to public information, he has served successively as a member of the Party Committee and Vice President of Industrial and Commercial Bank of China Pingliang Branch, Deputy General Manager of the International Business Department (Investment Banking Department) of Industrial and Commercial Bank of China Gansu Branch, Secretary of the Party Committee and President of Industrial and Commercial Bank of China Pingliang Branch, Secretary of the Party Committee and President of the Industrial and Commercial Bank of China Baiyin Branch, General Manager of the Inclusive Financial Business Department and Director of the Rural Revitalization Office of Industrial and Commercial Bank of China Gansu Branch, Member of the Party Committee, Director and Vice President of the Bank.

In August 2024, Liu Min was parachuted to Lanzhou Bank as a member of the Party Committee, director and vice president. The announcement on December 2 of the same year showed that Liu Min’s qualifications as a director and vice president of Lanzhou Bank had been approved recently by the Gansu Supervision Bureau of the State Financial Supervision and Administration.

This also means that in just over half a year, Liu Min rose from vice president to the position of president of Bank of Lanzhou, and is currently the youngest president of a listed bank.

In 2024, the bank’s three deputy presidents will leave office one after another due to job transfers. After this replacement, a management structure of one chief and four deputy presidents will be formed (excluding temporary deputy presidents), and these three new deputy presidents will also have their own priorities.

Among them, Li Tao holds a postgraduate degree from the Party School and is a senior economist. He is currently a member of the Party Committee of Lanzhou Bank, Secretary of the Party Committee and President of Chengguan Branch. He has served successively as deputy president and president of Xinglan Sub-branch of Bank of Lanzhou, deputy president (presiding over the work) and president of Jincheng Management Bank, secretary and president of Party Branch of Tianhe Management Bank, secretary and president of Party Committee of Chengguan Management Bank, secretary of Party Committee and president of Chengguan Sub-branch.

Han Jiajun is currently a member of the Party Committee of Lanzhou Bank, director of the Organization Department of the Party Committee, and general manager of the Human Resources Department. Most of my previous work experience is related to human resources management.

Another vice president, Sheng Baihan, has taken root in the company’s business field all year round. He is currently a member of the Party Committee of Lanzhou Bank, Secretary of the Party Committee and President of Jiuquan Branch, and concurrently a representative of the Fifth People’s Congress of Jiuquan City. He has served successively as assistant to the general manager of the customer manager department of Lanzhou Bank, assistant to the general manager of the company’s business department, head and president of Qingyang Road Sub-branch, deputy general manager (presiding over the work) and general manager of the company’s business department, and secretary of the Party Committee and president of Jiuquan Branch.

According to the official website, Bank of Lanzhou was established in 1997 and is the first local legal person joint-stock commercial bank in Gansu Province. On January 17, 2022, Bank of Lanzhou was listed on the main board of the Shenzhen Stock Exchange, becoming the first A-share listed bank in Gansu Province. Bank of Lanzhou’s third quarterly report for 2024 shows that as of the end of September 2024, the bank’s total assets were 480.979 billion yuan, an increase of 6.08% from the end of the previous year. In the first three quarters of 2024, the bank achieved operating income of 6.053 billion yuan, a year-on-year decrease of 3.02%; net profit attributable to shareholders of the parent company was 1.495 billion yuan, a year-on-year increase of 0.95%.

However, in terms of asset quality, the bank’s non-performing loan balance at the end of the reporting period was 4.676 billion yuan, with a non-performing ratio of 1.83%, an increase of 0.09 percentage points from the end of 2023, and was at a relatively high level among A-share listed banks.