On June 28th, 2003, with the approval of Xi 'an Sub-branch of China People's Bank, Pingliang Urban Credit Cooperative was established on the basis of the merger and reorganization of seven urban credit cooperatives in Liangcheng District, and the management system of "first-class legal person, unified accounting, centralized management and authorized operation" was implemented. At that time, the total assets of seven urban credit cooperatives were 280.9 million yuan, the balance of deposits was 2 1085 million yuan, the balance of loans was 233.43 million yuan, the proportion of non-performing loans was 654.38+05.2%, and the profit was 286,000 yuan.
After the merger and reorganization in early 2003, Pingliang City Credit Cooperatives achieved sound and rapid development in various businesses. By the end of 2008 1 1, the total assets reached 154985 yuan, the deposit balance was 129069 yuan, the loan balance was 866.45 million yuan, and the non-performing loan ratio was 4.0%. Realized a profit of 9.68 million yuan. The improvement of various indicators laid the foundation for the successful preparation of Pingliang Commercial Bank.
In September 2006, the 57th executive meeting of Pingliang Municipal People's Government decided to reorganize Pingliang Commercial Bank on the basis of Pingliang Credit Cooperative. After two years' efforts, on June 26th, 2008, China Banking Regulatory Commission officially approved the establishment of Pingliang Commercial Bank on the basis of Pingliang Urban Credit Cooperative. On June 8, 2008, the inaugural meeting of Pingliang Commercial Bank was held, and the articles of association and rules and regulations of Pingliang Commercial Bank were reviewed and approved, forming a scientific corporate governance structure, which provided a strong guarantee for the steady operation of Pingliang Commercial Bank.
By the end of August of 201/kloc-0, the bank had total assets of 3.23 billion yuan, deposits of 2.93 billion yuan, loans of 2 1 billion yuan, new loans of 250 million yuan, loans of10.70 billion yuan, and payment of various taxes of 2.310.40 billion yuan.