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Bank of Hebei

About bank

The Bank of Hebei Co., Ltd., formerly Shijiazhuang City Commercial Bank established with the approval of the China Banking Regulatory Commission, is known as one of the first five pilot urban cooperative banks in China and the oldest city commercial bank in Hebei Province. The Bank has three branches and 63 sub-branches / banking department, with a total of over 2,400 employees. Since its inception on May 28, 1996, the Bank has adhered to the guiding principle of "development, management, innovation and efficiency" and has been oriented toward "serving the local economy, small and medium-sized enterprises and urban residents". By seizing opportunities and energetically pursuing reform and innovation, the Bank has experienced healthy, stable and rapid development with good economic and social benefits, constituting a key player in Hebei's banking sector. As of the end of 2009, the Bank of Hebei had total assets of RMB 54.605 billion (9.6 times that at the initial stage of the Bank), balance of deposits of RMB 50.508 billion (10.1 times that at the initial stage), balance of loans of RMB 26.366 billion (9 times that at the initial stage) and shareholders equity of RMB 3.274 billion. Of the 17 financial institutions under the jurisdiction of Shijiazhuang City, the Bank ranks the fifth in the market share of deposits and the fourth in the market share of loans. It ranks the first in both the balance of deposits and the balance of loans amongst the 11 city commercial banks in Hebei Province.

    Facilitating development of the local economy Since its establishment on May 28, 1996, the Bank of Hebei has, in closely keeping with local economic restructuring and development requirements, been devoted to offering a series of distinctively branded products. Cumulatively, it has issued loans worth more than RMB 50 billion to quality enterprises and large scale projects in a wide range of industries, including energy, water supply, pharmaceuticals, textiles, education, metallurgy and trade. Geographically, it has reached out from Shijiazhuang and the surrounding counties to other cities in the province, including Tangshan, Chengde, Handan, Xingtai, Hengshui, Baoding, Langfang, etc. Also, the Bank has cumulatively invested more than RMB 5 billion in infrastructure development in Shijiazhuang City, such as housing projects, the Minxin River project (diverting water from the mountainous regions into the urban area), the Second Ring Road renovation project and the project of transforming the old city area of Shijiazhuang. The Bank has therefore made a contribution to beautifying the urban environment and benefiting the residents.

    Helping small businesses with financing difficulties Since 2007, the Bank of Bebei has, through its annul enterprise development program called "Little Giants", has established credit relations with 172 small businesses. By the end of 2009, it had conferred loans totaling RMB 5.379 billion to enterprises selected for the program, thus effectively alleviating their difficulties in obtaining loans. The Bank offers loans secured by mortgages, pledges, collaterals, banking and insurance and instruments as well as entrusted loans designed to ease the financing problems faced by small enterprises, for which it has won recognition of the CBRC and received the award of the Banker magazine for "the best financial product marketing activity in 2009". The Bank strives to provide effective financial services for SMEs, striving to create a long-term mechanism for supporting their sustainable development. It was one of the first in China and the first in Hebei Province to establish a department specialized in providing financial services to small enterprises.

    Crafting brands of products and services for urban residents The Bank has, on the basis of network readjustments and improved service environment, persisted in perfecting its portfolio of products and expanding service channels. It has introduced a variety of new products, including savings for education, personal notice deposits, all-in-one passbook (deposits and withdrawals are handled in one passbook), certificates of deposits for studying abroad. In addition, the Bank handles more than 20 varieties of intermediary service, such as collecting telephone/gas/cable television bills, issuing and recharging public transport IC cards, etc. With respect to loans programs for urban residents, the Bank offers housing loans, second-hand housing mortgages, revolving loans, commercial mortgages, margin loans for studying abroad and other varieties. Also, it has launched gold sales, direct sales of funds and insurance/banking financing products to meet the growing financing needs of urban residents.

    Reinforcing scientific and technological innovation The Bank has invested in the development of an integrated business system, which is state-of-the-art, versatile, secure and reliable and therefore ensures smooth flows of money. A variety of card products has been launched, including Royal UnionPay, Royal Shoppers, Royal Credit Card and Hong Kong Tourist Credit Card. Thanks to continued progress made in technology applications, the Bank has opened technology intensive services, such as mobile phone banking and new version of e-banking, and transformed traditional business processes through innovative use of telecommunications networks. Increasing technology intensiveness of financial services provided has helped enhance the Bank's competitiveness.

The Bank of Hebei has had a brilliant past. It now stands at a crossroad. It is certainly going to seize the opportunities for even more rapid development and make itself an exemplary bank in the Pan-Bohai Rim.