Ping An Bank

Ping An Bank

Country:Hong Kong.
Description:"Ping An Bank Co., Ltd. is a nationwide joint-stock commercial bank headquartered in Shenzhen. It was formerly known as Shenzhen Development Bank Co., Ltd. and renamed as Ping An Bank in July in the same year after the merger of former Ping An Bank Co., Ltd. in June 2012. Ping An Insurance (Group) Company of China, Ltd., together with its subsidiaries, hold in total approximately 58% of Ping An Bank’s shares and therefore is the controlling shareholder of Ping An Bank. As of June 2016, Ping An Bank had 38,600 employees and provided diversified financial services to clients through 58 branches and 1,037 outlets across China. Adhering to the “customer-oriented (externally) and people-oriented (internally)” philosophy, Ping An Bank continues to “change, innovate and develop”, focusing on “four wheels” (corporate banking, retail banking, interbank trading and investment banking), taking “specialization, intensification, integrated finance and internet finance” as operating strategies, thinking out of the box for the concept of banking, pushing through the supply-side reform in the banking industry, and proactively supporting the development of the real economy in order to facilitate the transformation of China’s economy comprehensively. Ping An Bank continued to further transform the organizational pattern, and implemented the system of business units. As of June 2016, the Bank had all together 11 product business units, 6 industry business units and 1 platform business unit, forming the “full coverage” model of the business chain comprising seven industries, namely the real estate, energy and mining, transportation, modern logistics, modern agriculture, healthcare and culture and travel, thus better serving the real economy with specialized operation. As of June 30, 2016, Ping An Bank’s total assets amounted to RMB2,800.983 billion, representing growth of 11.72% from the beginning of the year; balance of all deposits was RMB1,898.348 billion, representing an increase of 9.48% from the beginning of the year, leading its industry peers, with a steady increase in market share; balance of all loans (including discounted bills) reached RMB1,358.021 billion, up by 11.67% from the beginning of the year; operating income was RMB54.769 billion, representing year-on-year growth of 17.59%; operating profit before provisions increased by 28.26% year on year to RMB36.156 billion; net profit was RMB12.292 billion, up by 6.10% year on year; and a capital adequacy ratio of 11.82% were recorded, which met the regulatory requirement. For the corporate business, as of June 30, 2016, the corporate deposit balance increased by 11.41% from the beginning of the year, while the corporate loan balance (excluding discounted bills) increased by 13.14% from the beginning of the year; the credit balance of trade finance amounted to RMB547.777 billion, representing an increase of 11.38% from the beginning of the year. “Orange-e-Net” platform established by Ping An Bank adhere"

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