Bank of Taizhou (TZB; simplified Chinese 台州银行) is a city commercial bank headquartered in Taizhou,

Zhejiang Zhejiang ( or , ; , also romanized as Chekiang) is an eastern, coastal province of the People's Republic of China. Its capital and largest city is Hangzhou, and other notable cities include Ningbo and Wenzhou. Zhejiang is bordered by Jiang ...

Province -

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

. On 9 September 2010, it was officially renamed as Bank of Taizhou from the original name of Taizhou City Commercial Bank(simplified Chinese 台州市商业银行). The Bank was founded on March 13, 2002, by an

amalgamation Amalgamation is the process of combining or uniting multiple entities into one form. Amalgamation, amalgam, and other derivatives may refer to: Mathematics and science * Amalgam (chemistry), the combination of mercury with another metal **Pan am ...

of eight local

credit union A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including depo ...

s with a registered capital of RMB 300 million and is the first non-state-controlled city commercial bank in China. Together with its predecessor organisation Yinzuo Urban Credit Union, Bank of Taizhou has a continuous history of 25 years. By the end of 2011, for TZB, the whole deposit balance was total assets stood at 57.192 billion RMB growing 18% from the previous year. The total loan portfolio was 26.78 billion RMB and the total number of loan clients was close to 60.000. The NPL ratio was 0.30%, slightly up from the previous year. The KPMG research study "China’s City Commercial Bank: Opportunity knocks?" (2007) ranked TZB on place 12 out of China’s Top 100 city commercial banks. In 2008, TZB was awarded with the 3rd place in the "Comprehensive

competitiveness In economics, competition is a scenario where different economic firmsThis article follows the general economic convention of referring to all actors as firms; examples in include individuals and brands or divisions within the same (legal) firm ...

rank of national city commercial banks" by the Chinese finance magazine "The Banker".

Organization

By the end of June 2016, TZB has 10 branches, 7 VTB (Village and Township Bank) and over 100 sub-branches. The branches are located in all districts of Zhejiang province. Bank of Taizhou is now operating on a nationwide basis, using its subsidiary VTBs to reach more distant locations. The VTBs are located Shenzhen Futian, Beijing Shunyi and Jiangxi Ganzhou, Chongqing Yubei and Chongqing Qianjiang as well as in Zhejiang Lishui Jingning and Zhejiang Taizhou Sanmen. The total number of employees in TZB is close to 10000.

Business areas

TZB is focused on

SME SME may refer to: Economics * Small and medium-sized enterprises * Socialist market economy, an economic system of China Organizations Music * SME Limited, UK audio turntable manufacturer * Sony Music Entertainment, US * Spontaneous Music Ensembl ...

finance designed for most micro & small enterprises which could not get loan from Bank before and also has a big

micro lending :''This article is specific to small loans, often provided in a pooled manner. For direct payments to individuals for specific projects, see Micropatronage. For financial services to the poor, see Microfinance. For small payments, see Micropaym ...

operation. The bank was the first partner bank in the

China Development Bank The China Development Bank (CDB) () is a development bank in the People's Republic of China (PRC), led by a cabinet minister at the Governor level, under the direct jurisdiction of the State Council. As one of three policy banks in China, it ...

Microfinance Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings ...

Project starting in 2005. By the end of September 2011, TZB has more than 62,000 clients that have loans outstanding, average loan amount was 436,200 RMB, among which loans under 1 million RMB took up 92.68% of loan number and 55.93% of loan outstanding.

Corporate culture

The Corporate spirit of TZB is "hardworking, practical, innovative". The service culture of the Bank is as what it says in its logo:"simple, convenient, efficient"(simplified Chinese 简单，方便，快捷）. Unlike many state owned banks, TZB has a very stable management team with most senior and middle managers working in the bank for close to 20 years. This gives the bank a very strong corporate culture and risk culture.

External links

The Bank of Taizhou Official Homepage(Chinese)
{{Portal, Banks

Literature

KPMG "Chinas Commercial Banks: Opportunity knocks?"

China Development Bank
Banks of China Companies based in Zhejiang Microfinance organizations Taizhou, Zhejiang