40 banks were absorbed and merged in 7 days! Rural small and medium-sized banks "downsizing" accelerated again

On June 24th, according to the reporter's statistics, going back to the week before the approval was issued, 40 rural small and medium-sized banks have been absorbed, merged or dissolved, and this trend also shows the acceleration of the pace of rural small and medium-sized banks. In addition to the aforementioned village banks, Liaoning Rural Commercial Bank was approved to absorb and merge 36 rural small and medium-sized banks; Minsheng Bank acquired 1 village bank and set up branches; Dongguan Rural Commercial Bank absorbed and merged 2 village banks. Industry insiders said that this means that this year, the speed of rural small and medium-sized banks' acquisition, merger and exit has further accelerated. Relevant sources predict that by the end of 2024, the list of independent legal persons of the Banking Financial Institution Group will be further reduced. "Among them, small and medium-sized rural commercial banks and village banks will still account for the majority."