Industrial Bank (China)

Industrial Bank Co. Ltd
Joint stock company
Traded as
Industry Banking, Finance
Founded August, 1988
Headquarters Fuzhou, Fujian, China
Key people
 Gao Jianping (Chairman of the Board)
Bi Zhonghua (Chairman of Supervisory Board )
Products Financial Services
Increase CN¥59.87 billion (2011)
Increase CN¥33.66 billion (2011)
Total assets Increase CN¥6.09 trillion (2016)[1]
Number of employees
 52,016 (2015)[2]
Website www.cib.com.cn
Industrial Bank
Simplified Chinese 兴业银行
Traditional Chinese 興業銀行

The Industrial Bank Co., Ltd. (simplified Chinese: 兴业银行; traditional Chinese: 興業銀行; pinyin: Xīngyè Yínháng) is a bank based in Fuzhou, Fujian province, China.

History

Industrial Bank Co., Ltd. was established on 26 Aug., 1988, and it was originally known as the Fujian Industrial Bank (Chinese: 福建兴业银行).

From June 2001 to 3 March 2003, it was known as the Fujian Industrial Bank Joint-Stock Corporation, Limited (Chinese: 福建兴业银行股份有限公司), or abbreviated to Industrial Bank (China).[1] It is one of the first batches of joint-stock commercial banks approved by the State Council and the People's Bank of China. On 5 February 2007, the Industrial Bank was listed on the Shanghai Stock Exchange (Stock Code: 601166) with a total registered capital of RMB 10.786 billion.

In March 2012, the Industrial Bank's total assets reached RMB 2,629,398 million, shareholders' equity amounted to RMB 123,957 million, net profit for the first quarter was RMB 8,288 million, and NPL ratio was 0.40%. According to the "Top 1000 World Banks" released by the British Magazine "The Banker" in 2011, the Industrial Bank was ranked 75th in terms of total assets and 83rd in terms of tier 1 capital.[3] The Industrial Bank has opened 79 branches and 662 sub-branches in major cities such as Beijing, Shanghai, Guangzhou, Shenzhen, Nanjing, Hangzhou, Tianjin, Shenyang, Zhengzhou, Chongqing, Wuhan, Chengdu, Xi`an, Fuzhou, Xiamen, Taiyuan, Kunming, Changsha, Ningbo, Wenzhou, Yiwu, Taizhou, Dongguan, Foshan, Wuxi, Nanchang, Hefei, Wurumuqi, Dalian, Qingdao, Nanning, Harbin, Shijiazhuang, Huhhot and Changchun.

The Industrial Bank has a fully owned subsidiary, Industrial Financial Leasing Co., Ltd., and has acquired a controlling stake in Union Trust Co., Ltd. Headquarters-level operating units such as Financial Markets Center, Credit Card Center, Retail Banking Headquarters, Private Banking Department, Assets Custody Department, Bank Services Center, VIC (Very Important Clients) Department, Investment Banking Department, Futures Finance Department, Funds Finance Department, Trade Finance Center and Sustainable Finance Center have been set up in Shanghai and Beijing.

Business Activities

The Dalian Branch of Industrial Bank Co. (December, 2013)
兴业银行股份有限公司 Industrial Bank Company of China

The main business activities of the Industrial Bank are:

Personal Banking

  • Taking deposits.
  • Lending.
  • Local and international payments and settlements.
  • Safety deposit box service.
  • Credit cards.

Corporate Banking

  • Bills acceptance and discounting.
  • Issuing of financial bonds.
  • Provision of letters of credit and guarantee facilities.
  • Agency collections and payments; agency sales of insurance.
  • Bank card business.

Institutional Banking

  • Agency issuing, cashing and underwriting of government bonds.
  • Purchase and sales of government bonds and financial bonds.
  • Inter-bank placements and borrowings services.
  • Agency service in trading of foreign currencies.
  • Settlements and sales of foreign currencies.

Ownership Structure

As of 5 February 2007, the top ten shareholders in the bank were:[4]

No. Company Shares Proportion in %
1 Financial Bureau of Fujian Province 1020000000 20.40
2 Hang Seng Bank Limited 639090000 12.78
3 Tetrad Ventures Pte Ltd 199950000 4.00
4 China National Cereals Oils & Foodstuffs Corporation 170000000 3.40
5 International Finance Corporation 159960000 3.20
6 China Electronic Information Industry Group Corporation 150000000 3.00
7 Shanghai Baosteel Group Co., Ltd. 145000000 2.90
8 Fujian Tobacco Company 133333334 2.67
9 Shanghai Guoxin Investment & Development Co., Ltd 88000000 1.76
10 Sept-wolves Investment Co., Ltd 85333333 1.71

References

  1. ↑ "statista". Retrieved 1 March 2017.
  2. ↑ "statista".
  3. ↑ Banker, The. "Top 1000". www.thebanker.com. Retrieved 2018-08-08.
  4. ↑ Welcome to CIB Archived 2008-02-09 at the Wayback Machine.
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