Bank of Suzhou announces related party transactions, dividend, and Q3 results

Bank of Suzhou announced a significant related party transaction involving a RMB 3.8 bn credit line for Jiangsu Shagang Group Co., Ltd., which exceeded the 2025 annual related party transaction forecast by RMB 1.8 bn. This transaction was approved by the board of directors and independent directors. The bank also approved daily financial product and service transactions with its directors, supervisors, senior management, and their related parties.

Separately, Bank of Suzhou approved a RMB 2.17425 bn credit line to Suzhou Wujiang East Lake State-owned Capital Investment and Operation Co., Ltd., a related party. This transaction also exceeded the 2025 daily related party transaction forecast by RMB 374.25m and was approved by the board and independent directors. The bank’s 2025 interim profit distribution plan includes a cash dividend of RMB 2.1 per 10 shares, totaling RMB 938.839m.

For the third quarter of 2025, Bank of Suzhou reported a total asset increase of 11.87% to RMB 776.04 bn, with net profit attributable to shareholders increasing by 7.12% to RMB 4.477 bn. The bank’s non-performing loan ratio remained stable at 0.83%, with a provision coverage ratio of 420.59%.