industrial bank
Industrial Bank was established in August 1988. It is one of the first joint-stock commercial banks approved by the People's Bank of the State Council and China. Its head office is located in Fuzhou, Fujian Province, and it was officially listed on the Shanghai Stock Exchange on February 5, 2007 (stock code: 60 1 166) with a registered capital of 5 billion yuan.
The business scope of Industrial Bank includes: deposits and loans; Settlement at home and abroad; Bill acceptance and discount; Issuing financial bonds; Acting as an agent to issue, honor and underwrite government bonds; Buying and selling government bonds and financial bonds; Inter-bank loans; Buying and selling, acting as an agent to buy and sell foreign exchange; Bank card business; Letter of credit service and guarantee; Acting for payment and insurance agency business; Safe deposit box service; Foreign exchange settlement and sale business; Short-term financing bill underwriting, fund custody, financial derivatives trading and other businesses approved by the State Council Banking Regulatory Authority.
Since its opening, Industrial Bank has always adhered to the business philosophy of "common development, * * * growth" and "sincere service" and is committed to providing customers with comprehensive, high-quality and efficient financial services. By the end of 2006, the total assets of Industrial Bank were 617.704 billion yuan, the shareholders' equity was16.2 billion yuan, and the net profit in 2006 was 3.798 billion yuan. According to the ranking of China 100 banks published by The Banker in June 2006 for the first time, the average capital profit rate of Industrial Bank ranks first among all national banks, and its tier-one capital and total assets rank tenth in China.
Industrial Bank has established 34 branches and more than 300 branches in Beijing, Shanghai, Guangzhou, Shenzhen, Nanjing, Hangzhou, Tianjin, Shenyang, Zhengzhou, Jinan, Chongqing, Wuhan, Chengdu, Xi 'an, Fuzhou, Xiamen, Taiyuan, Kunming, Changsha, Ningbo, Wenzhou, Dongguan, Foshan, Wuxi, Nanchang, Hefei and Urumqi. In Shanghai and Beijing, we have set up capital operation center, credit card center, retail bank management headquarters, asset custody department, major customer business department and investment banking department, and established online banking "Industrial Bank on the Internet" (www.cib.com.cn) and telephone banking "9556 1".