Exclusive | After 2.58% comes 2.49%! Some Banks' consumer loan interest rates have reached new lows, breaking through the significant thresholds of "2.6" and "2.5".

① After applying limited-time coupons, some banks like the Bank Of Beijing and Bank Of Ningbo have lowered the interest rates on consumer loans to an annualized 2.5%, with the minimum rate being 2.49%. ② Recently, there has been a clear downward trend in personal consumer loan interest rates. Since the beginning of the year, the interest rates for personal consumer loans at major commercial banks have successively fallen below the thresholds of "2.6" and "2.5." ③ While widening income sources, industry insiders remind to pay attention to the balance between innovation and compliance.

cls.cnMar 18 10:54 ET

SunCar Technology Expands Strategic Partnership With Ping An Bank; SunCar Will Continue Serving As The Preferred Aftermarket Service Provider For Ping An Bank's Credit Card Center And Automotive Consumer Finance Center Throughout 2025

BenzingaMar 18 09:24 ET

This is the 10th one this year! The acceleration of closing and merging the off-site credit card sub-centers has been followed by MINSHENG BANK after Bank Of Communications.

① The latest regulatory approval information shows that within less than two weeks, MINSHENG BANK closed two credit card remote sub-centers located in North China and Northeast China. ② This year, Bank Of Communications has already shut down 8 credit card remote sub-centers, and along with MINSHENG BANK's 2 latest cases, the total number of credit card remote sub-center closures in the Industry has exceeded ten.

cls.cnMar 18 04:20 ET

Anti-fraud measures from the bank are updated! MINSHENG BANK will launch a "cross-border cardless transaction security lock" for personal debit cards, with a default daily limit of 1000 yuan per transaction.

① MINSHENG BANK stated that the launch of related features is to prevent telecom network fraud; ② The limits can be adjusted later, but it's currently unclear if bank approval is required, responded customer service; ③ According to public information, MINSHENG BANK is the first bank in recent years to impose limits on personal debit card cross-border cardless transactions.

cls.cnMar 17 10:12 ET

After Yang Shujian took office at Hua Xia Bank, he made his first appearance, and the three city-owned banks in Peking formed a coalition, with total Assets approaching 10 trillion.

① The current deep cooperation among the three types of banks at the provincial level is the first of its kind in the country. ② The total assets are close to 10 trillion, comparable to the scale of the leading shareholding bank, Industrial Bank. ③ On the eve of this strategic cooperation signing event, the core executives of Hua Xia Bank and Bank Of Beijing have just been adjusted.

cls.cnMar 11 10:51 ET

On the eve of the annual report announcement, the "operator" of Ping An Bank's Retail Trade was replaced, as the proportion of net profit from retail in last year's semi-annual report had rapidly declined.

① Wang Jun has been with Ping An Bank since 2013, working long-term in local branches, including Xi'an, Dalian, Shenzhen, and Guangzhou branches. ② The semi-annual report for 2024 shows that the credit and Other asset impairment losses for Ping An Bank's retail financial business reached 24.393 billion yuan, with a Net income of 1.804 billion yuan from the retail financial business, and its proportion of the overall Net income declined from 34.1% in the same period last year to 7%.

cls.cnMar 4 09:03 ET