What bank does Ningbo Trade Bank belong to?
Ningbo Shang Tong Bank, formerly known as Ningbo International Bank, 1993 is controlled by Indonesian Guangjin Group and is the first foreign bank in Zhejiang Province. Since 2009, Ningbo Port Group has acquired 20% of the shares of Indonesian International Bank (BII) and reorganized with 12 shareholders to form Ningbo Shang Tong Bank, which was formally established on April 20 12. The name of the bank comes from the "China Commercial Bank" founded by Ningbo businessmen in modern times.
According to the approval of China Banking Regulatory Commission, Ningbo International Bank was officially approved to establish Ningbo Shang Tong Bank Co., Ltd. (hereinafter referred to as Bank of Shang Tong). Through the transformation of ownership structure, Ningbo International Bank will be transformed from a foreign bank into a Chinese joint-stock city commercial bank.
Ningbo International Bank is a foreign-funded bank established in Ningbo in March 2006, 1993, and is controlled by Indonesia Guangjin Group. As the first foreign bank in Zhejiang Province, it has been engaged in NRA account business for nearly 20 years. We have established cooperative relations with 4 14 banks in 64 countries 152 cities, and have many unique products and services in NRA account business. Before the reorganization, the bank's total assets were $793 million, and the total annual profit of 201/kloc-0 was $7.39 million. The quality of bank assets is excellent, and it has maintained no non-performing assets for seven consecutive years.
Nowadays, Ningbo International Bank has turned around and become a modern financial enterprise with strong shareholders and diversified equity subjects. Through restructuring, new shareholders such as local state-owned enterprises and high-quality private enterprises will be introduced to transform foreign banks into Chinese joint-stock commercial banks. Through capital increase and share expansion, the registered capital increased from USD 6,543.8 billion to RMB 5.8 billion, which enhanced the capital strength of the Bank. Most of the shareholders involved in the reorganization have strong capital strength. In the future, we can continue to provide follow-up supplementary capital support for the capital increase and share expansion of Ningbo Shang Tong Bank.
After the reorganization and restructuring, Shang Tong Bank will fully learn from the successful development models and experiences of other banks, conform to the national policy orientation and prudential supervision concept, and strive to provide professional and refined industrial financial services, focusing on small and medium-sized enterprises in the field of trade and logistics, and strive to innovate on the premise of maintaining sufficient capital, stable business and effective internal control, combined with the regional operating environment and its own advantages. Strive to establish differentiated and characteristic core competitive advantages, compete with other banks at different levels, strive to become the first professional commercial financial bank in China, gradually establish the brand image of industry financial experts in the business field, and take the development path with obvious differentiated and characteristic competitive advantages.
At the same time, Bank of Shang Tong will establish a people-oriented corporate culture, create an open, harmonious and innovative talent development environment, reflect the value of employees and provide yowza treatment. With the goal and direction of building a "century-old shop" of China Commercial Bank, we will accelerate the development into a modern commercial bank with distinctive features, steady operation, good market brand and strong profitability.