Ge Renyu retires upon reaching retirement age, and the compliance-born president Yuan Jun succeeds as chairman of Jiangsu Bank.

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On April 27, Jiangsu Bank, the scale "leader" among city commercial banks, issued an announcement, officially declaring a change in its core leadership:

Ge Renyu resigned from the positions of Chairman, Executive Director, and Chairperson of the Board's Strategy and ESG Committee due to reaching the age limit; the Board elected current President Yuan Jun to take over as Chairman. Before his qualifications are approved, Yuan Jun will temporarily act as Chairman.

Born in October 1965, Ge Renyu will turn 60 in 2026.

For this city commercial bank whose asset scale ranks among the top, the change in leadership is a smooth personnel transition, and also signals that Jiangsu Bank is officially entering a new governance cycle.

Jiangsu Bank has not yet disclosed its full-year performance for 2025, but its performance in the first three quarters has remained stable.

As of the end of September 2025, the bank’s total assets reached 4.93 trillion yuan, up 24.68% from the start of the year; net profit attributable to the parent in the first three quarters was 30.583 billion yuan, a year-on-year growth of 8.32%. Among core operational indicators, the non-performing loan ratio dropped to 0.84%, consistently better than the industry average; the provision coverage ratio reached 322.62%, maintaining strong risk compensation capability.

At a time when the banking sector is generally under pressure, these figures underpin Ge Renyu’s “successful retirement”.

During Ge Renyu’s tenure, Jiangsu Bank achieved a leap in business scale, built advantages in digital transformation and key business layouts, deepened efforts in technology, green, and inclusive finance, and sustained the rise in the proportion of online business, which helped the bank gain a competitive edge.

Yuan Jun, the successor, displays a composite professional background.

Born in 1971, Yuan Jun began his career at the Jiangsu Branch of the People’s Bank of China, and later served as Head of the Discipline Inspection & Supervision Group stationed at Jiangsu Bank by the Jiangsu Commission for Discipline Inspection and Supervision, held important positions in Jiangsu Rural Credit Cooperative Union, and served as Chairman of Taizhou Rural Commercial Bank.

This multi-faceted background—"supervision + discipline inspection + business"—is uncommon in the leadership teams of large banks.

In April 2024, Yuan Jun was appointed President of Jiangsu Bank, and since August 2025 simultaneously serves as Chief Compliance Officer. The transition from President to Chairman generally ensures the continuity of the business strategy.

Market expectations are that under Yuan Jun’s leadership, Jiangsu Bank will continue to deepen its focus on the local market in Jiangsu, further advance the integration of digitalization and business while consolidating its competitive edge in manufacturing finance and micro and small business finance.

This personnel change is taking place during the term of Jiangsu Bank’s sixth Board of Directors. For investors, the main concern is the inertia of the bank’s strategy.

As a core member of the previous management team, Yuan Jun was deeply involved in formulating and implementing major decisions in recent years, and this continuity is also conducive to keeping the bank on its established course.

In the future, how Jiangsu Bank will write a new chapter in the “Yuan Jun era” will also be an important window for observing local financial governance in the market.

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