Taizhou City Commercial Bank
| Taizhou City Commercial Bank 台 州市 商业 银行 |
|
|---|---|
| legal form | Publicly owned company |
| founding | 03/13/2003 |
| Seat | Taizhou , Zhejiang Province - PRC |
| management | Chen Xiao Jun |
| Number of employees | > 2000 |
| Branch | Banks |
| Website | www.tzcb.com |
The Bank of Taizhou ( TZCB ) from Taizhou in Zhejiang Province, China , was established on 13 March 2003 from a merger of eight local credit cooperatives and is the largest local of three commercial banks in the region. In contrast to the majority of its competitors in the Chinese banking market, TZCB operates independently of political influence due to a state, legally prescribed minority share of only 5%. A total of 40% of the company's shares are held by industrial investors, including 10% each from the China Merchant Bank and the Geely Automotive Group. The Ping An insurance group holds 15% of the shares.
In December 2005, TZCB and Baotou Commercial Bank (Inner Mongolia) became the first partner banks in the “Chinese Commercial Financing Project for Sustainable Micro System Enterprises”, a microfinance project from a cooperation between the World Bank , China Development Bank and Reconstruction Loan Corporation (KfW). With a share of 30% of all business activities, the microfinance business has since played a decisive role in the company's success in recent years.
The proportion of non-performing loans at the end of the 3rd quarter of 2009 was 0.4% of the total lending volume, well below the national average.
In an analysis of 100 Chinese commercial banks published by KPMG Unternehmensberatung in 2007, TZCB took twelfth place. In 2008 it also took third place in the “Comprehensive competitiveness rank of national city commercial banks”, carried out by the Chinese financial magazine “The Banker”.
Web links
- Taizhou City Commercial Bank - Official Homepage [1]