Taizhou City Commercial Bank
Encyclopedia
Bank of Taizhou is a city
commercial bank
headquartered in Taizhou
, Zhejiang
Province - China
. On 9th September, 2010, it was officially renamed as Bank of Taizhou from the original name of Taizhou City Commercial Bank(simplified Chinese 台州市商业银行）.
The Bank was founded on March 13, 2002, by an amalgamation of eight local credit union
s with a registered capital of RMB 300 million and is the first non-state-controlled city commercial bank in China. By the end of September 2011, for TZB, the whole deposit balance was 45.41 billion rmb, loan outstanding was 34.31 billion rmb, NPL ratio was 0.25% and the net profit was 1.19 billion rmb.
The KPMG research study “China’s City Commercial Bank: Opportunity knocks?” (2007) ranked TZB on place 12 out of China’s Top 100 city commercial banks. In 2008, TZB was awarded with the 3rd place in the “Comprehensive competitiveness
rank of national city commercial banks” by the Chinese finance magazine “The Banker”.
Microfinance
Project starting in 2005.
By the end of September 2011, TZB has more than 62,000 clients that has loan outstanding, average loan amount was 436,200 rmb, among which loans under 1 million rmb took up 92.68% of loan number and 55.93% of loan outstanding.
The service culture of the Bank is as what it says in its logo:"simple, convenient, efficient"(simplified Chinese 简单，方便，快捷）.
City
A city is a relatively large and permanent settlement. Although there is no agreement on how a city is distinguished from a town within general English language meanings, many cities have a particular administrative, legal, or historical status based on local law.For example, in the U.S...
commercial bank
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
headquartered in Taizhou
Taizhou
Taizhou may refer to two prefecture-level cities of the People's Republic of China:*Taizhou, Jiangsu *Taizhou, Zhejiang...
, Zhejiang
Zhejiang
Zhejiang is an eastern coastal province of the People's Republic of China. The word Zhejiang was the old name of the Qiantang River, which passes through Hangzhou, the provincial capital...
Province - China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
. On 9th September, 2010, it was officially renamed as Bank of Taizhou from the original name of Taizhou City Commercial Bank(simplified Chinese 台州市商业银行）.
The Bank was founded on March 13, 2002, by an amalgamation of eight local credit union
Credit union
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...
s with a registered capital of RMB 300 million and is the first non-state-controlled city commercial bank in China. By the end of September 2011, for TZB, the whole deposit balance was 45.41 billion rmb, loan outstanding was 34.31 billion rmb, NPL ratio was 0.25% and the net profit was 1.19 billion rmb.
The KPMG research study “China’s City Commercial Bank: Opportunity knocks?” (2007) ranked TZB on place 12 out of China’s Top 100 city commercial banks. In 2008, TZB was awarded with the 3rd place in the “Comprehensive competitiveness
Competitiveness
Competitiveness is a comparative concept of the ability and performance of a firm, sub-sector or country to sell and supply goods and/or services in a given market...
rank of national city commercial banks” by the Chinese finance magazine “The Banker”.
Organization
By the end of September 2011, TZB has 3 branches, 4 VTB (Village and Town Bank) and 52 sub-branches which mainly spread out around the great Taizhou region. The branches are located in Zhoushan, Hangzhou and Wenzhou. The Bank of Taizhou is now operating on a nation-wide basis, take VTB as an example, those four are found in TZ Sanmen, Shenzhen Futian, Beijing Shunyi and Jiangxi Ganzhou. The total number of employees in TZB is more than 3800.Business areas
TZB is focused on SME finance designed for most micro & small enterprises which could not get loan from Bank before and also has a big micro lending operation. The bank was the first partner bank in the China Development BankChina Development Bank
The China Development Bank is a financial institution in the People's Republic of China under the direct jurisdiction of the State Council. It is the only bank in China whose governor is a full minister...
Microfinance
Microfinance
Microfinance is the provision of financial services to low-income clients or solidarity lending groups including consumers and the self-employed, who traditionally lack access to banking and related services....
Project starting in 2005.
By the end of September 2011, TZB has more than 62,000 clients that has loan outstanding, average loan amount was 436,200 rmb, among which loans under 1 million rmb took up 92.68% of loan number and 55.93% of loan outstanding.
Corporate culture
The Corporate spirit of TZB is "hardworking, practical, innovative".The service culture of the Bank is as what it says in its logo:"simple, convenient, efficient"(simplified Chinese 简单，方便，快捷）.