Bank of Chengdu Introduction
Bank of Chengdu (BoCD), formally established in December 1996, is a regional joint-stock commercial bank with state-owned capital accounting for the majority of its diversified equity structure. Since 2008, BoCD has established strategic partnership with Hong Leong Bank of Malaysia. On January 31, 2018, BoCD was listed on the Shanghai Stock Exchange (SSE), becoming the first listed corporate bank in Sichuan Province and the 8th listed city commercial bank on A-stock market in China.
At present, with RMB 3.612 billion registered capital and over 5000 employees, BoCD has established 12 branches in cities such as Chongqing, Xi’an, Guang’an, Ziyang, Meishan, Neijiang, Nanchong, Yibin, Leshan, Deyang, A’ba and Luzhou, 32 direct subbranches within Chengdu administrative area, and over 190 banking offices. It incorporated Sichuan Jincheng Consumer Finance Co. Ltd., the first consumer finance company in Midwestern China, and Jiangsu Baoying Jincheng Rural Bank Co., Ltd. and Sichuan Mingshan Jincheng Rural Bank Co., Ltd.. Apart from that, it also became a shareholder of the Bank of Tibet.
Adhering to the market orientation of "serving the local economy, serving SMEs, and serving the urban and rural residents", BoCD has cultivated its distinctive characteristics and outstanding competitive edge in the process of exploring a differentiated development path. In terms of the comprehensive strength, BoCD now has ranked among the strongest commercial banks in western China, with several major operation indicators reaching the top level of advanced domestic banks.
As of the end of 2018, the total assets had reached 492.28 billion yuan, with the balance of deposits 352.29 billion yuan and the balance of loans 185.83 billion yuan. In the latest ranking published by the British magazine The Banker in 2019, BoCD ranks 269th among the top 1000 commercial banks around the world.
BoCD has taken the initiative to integrate its own development into the overall development of the local economy by implementing the major developmental strategies formulated by the central and local governments. Leveraging the opportunities brought upon by the strategic location and outreach of Chengdu in western China, and the common industrial strengths of Sichuan, Shaanxi and Chongqing, BoCD has been making greater efforts to finance the urban and rural infrastructure and livelihood projects and assist Chengdu in its efforts to achieve healthy and rapid economic development and urban-rural integration.
BoCD is committed to providing high-quality financial services for the SMEs with greater specialization and professionalism, developing a series of innovative products featuring characterization, standardization and localization. At present, the SME financing brand "Wealth Wings" includes products such as Expansion Loan, Developing Loan, Science and Technology Loan, Business Start-up Loan, Benefiting Farming Loan and Easy to Purchase Loan, providing a variety of financing plans and one-stop financial services for the SMEs of different sizes and stages of development.
In accordance with the idea of benefiting the citizens with convenient and much-needed financial services in their daily lives, BoCD has been providing the basic financial services such as payroll services, social insurance services and utility fees collection. With a competitive pricing and charging policy, BoCD has taken measures such as cutting down the cost of card using and providing high-yield wealth management products. To promote the development of the Internet-based finance and community banking, BoCD has initiated a comprehensive payment platform called "E-City Access", providing convenient and affordable financial services for individual customers, and winning the reputation of the "Citizens’ Bank" among the local residents.
BoCD has been bringing its advantages as a local corporate bank into full play and fusing its business activities with the corporate social responsibilities. While promoting reform and innovation to support local economic development, BoCD has been carrying out public-benefit activities to the cause of poverty alleviation and financial aid, winning the reputation of The Most philanthropic Company Award, which embodies its great sense of social responsibility and good brand image as the leading commercial bank in western China.
In recent years, by virtue of the excellent business performance and financial services, BoCD has enjoyed a high reputation among all sectors of the society. By the end of 2018, it has won the honorable titles including Top 100 Sichuan Enterprises, The Best City Commercial Bank, The Best Financial Service City Commercial Bank, The Best High-quality Service Bank, Best Financial Service for the Public, Awards for Banking Technology Development, The Best Financial Institutions for Social Responsibilities, The Most Trusted Banking Brand by the Common People, etc..