The merger and reorganization of Jiangsu city commercial banks made up for the estimated loss of non-performing assets of 2.543 billion yuan, and increased capital and shares by 3.537 billion yuan. At the time of opening, the NPL ratio was 3%, the loan loss reserve adequacy ratio was 100%, and the capital adequacy ratio was above 12%. The Board of Directors of the Bank set up five special committees on remuneration, nomination, strategic development, risk management, auditing and related party transaction control, and selected three famous people with different professional backgrounds as independent directors. The business area of the headquarters is nearly10.2 million square meters. The office of the new bank headquarters is located in nanjing xinjiekou, the financial center, with an area of nearly1.2000 square meters.
Business performance
By the end of 2008, Jiangsu Bank had the head office business department and 12 branches, with a total of 4 16 branch-level business outlets. By the end of May 2008, the total assets of the Bank were 654.38+0996 billion yuan, an increase of 47.8 billion yuan or 3654.38+0% compared with the end of 2006. The balance of local and foreign currency deposits was 6,543.8 billion yuan, an increase of 44.2 billion yuan or 33% over the end of last year. The balance of various loans was 65438+265438+400 million yuan, an increase of 3.51billion yuan or 4 1% compared with the end of 2006. The balance of five-level classified NPLs was 65.438+960 billion yuan, a decrease of 250 million yuan compared with the end of 2006, and the NPL ratio was 65.438+0.62%, a decrease of 0.94 percentage point compared with the end of 2006. Accumulated profit in advance is 4.3 billion yuan; Accumulated after-tax profit of 65.438+66 billion yuan; The provision coverage ratio reached 150%, an increase of 38 percentage points over the end of 2006; The cost-income ratio was 22.6%, down by 1 1.5 percentage points year-on-year, and all the regulatory indicators met or exceeded the regulatory requirements.
corporate culture
The fundamental purpose is to base ourselves on Jiangsu, serve the society, vigorously support local economic development, and make contributions to building a harmonious society;
The business goal is to maximize the value of shareholders and protect the interests of depositors; Market positioning focuses on supporting local small and medium-sized enterprises and private economy, while participating in the construction and development of major local projects and key enterprises;
The business development strategy is to adhere to the characteristics of city commercial banks, implement misplaced operation and differentiated development, adhere to the basic customer orientation of serving small and medium-sized enterprises, local economy and urban residents, strengthen asset business, do excellent debt business, do big intermediate business and do excellent emerging business, and build Jiangsu Bank into a national first-class modern city commercial bank through 4-5 years of struggle.