The Industrial Bank Co., Ltd. () is a commercial bank based in

Fuzhou Fuzhou (; , Fuzhounese: Hokchew, ''Hók-ciŭ''), alternately romanized as Foochow, is the capital and one of the largest cities in Fujian province, China. Along with the many counties of Ningde, those of Fuzhou are considered to constitute ...

Fujian Fujian (; alternately romanized as Fukien or Hokkien) is a province on the southeastern coast of China. Fujian is bordered by Zhejiang to the north, Jiangxi to the west, Guangdong to the south, and the Taiwan Strait to the east. Its ...

province of the

People's Republic of China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slig ...

History

On 26 Aug. 1988, The

State Council of China The State Council, constitutionally synonymous with the Central People's Government since 1954 (particularly in relation to local governments), is the chief administrative authority of the People's Republic of China. It is chaired by the pr ...

and the

People's Bank of China The People's Bank of China (officially PBC or informally PBOC; ) is the central bank of the People's Republic of China, responsible for carrying out monetary policy and regulation of financial institutions in mainland China, as determined by ...

approved the establishment of this bank. Its official name is 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).^{/sup>

On 3 March 2003, it was renamed "Industrial Bank Co., Ltd.". It announced the completion of the shareholding system transformation. It is one of the first 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

The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock Excha ...
(Stock Code: 601166) with 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

''The Banker'' is an English-language monthly international financial affairs publication owned by ''The Financial Times'' Ltd. and edited in London, United Kingdom. The magazine was first published in January 1926 through founding Editor, Bren ...
'' in 2011, the Industrial Bank ranked 75th in total assets and 83rd in tier 1 capital. The Industrial Bank opened 79 branches and 662 sub-branches.

The Industrial Bank has a fully owned subsidiary, Industrial Financial Leasing Co., Ltd., and 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 operate in Shanghai and Beijing.

Business Activities

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.
*Insurance sales.
*Collections of payments.
*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:Welcome to CIB

References

External links

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{{authority control

Banks of China
Government-owned companies of China
Companies listed on the Shanghai Stock Exchange
Companies in the CSI 100 Index
Companies based in Fuzhou
Banks established in 1988
Chinese brands}