Industrial Bank (China)
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| Joint stock company | |
| Traded as |
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| Industry | Banking, Finance |
| Founded | August, 1988 |
| Headquarters | Fuzhou, Fujian, China |
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Key people
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Gao Jianping (Chairman of the Board) Bi Zhonghua (Chairman of Supervisory Board ) |
| Products | Financial Services |
 CN¥59.87 billion (2011) |
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CN¥33.66 billion (2011) |
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| Total assets |
CN¥4.41 trillion (2014) |
| Website | www |
| Industrial Bank | |||||||
| Simplified Chinese | 兴业银行 | ||||||
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| Traditional Chinese | 興業銀行 | ||||||
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| Transcriptions | |
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| Standard Mandarin | |
| Hanyu Pinyin | Xīngyè Yínháng |
Industrial Bank Co., Ltd. (simplified Chinese: 兴业银行; traditional Chinese: 興業銀行; pinyin: Xīngyè Yínháng) is a bank based in Fuzhou, Fujian province, China.
From the day of its establishment on 26 August 1988 to its first name change in June 2001, the bank was called Fujian Industrial Bank (Chinese: 福建兴业银行). From June 2001 to 3 March 2003, it was formerly known as Fujian Industrial Bank Joint-Stock Corporation, Limited (福建兴业银行股份有限公司), or abbreviated to Industrial Bank (China). It is one of the first batch of joint-stock commercial banks approved by the State Council and the People's Bank of China. On February 5, 2007, Industrial Bank was listed on Shanghai Stock Exchange (Stock Code: 601166) with total registered capital of RMB10.786 billion. The main business scope of the Bank includes: deposits taking; provision of short, medium and long-term loans; domestic and international settlement; bills acceptance and discounting; issuing financial bonds; agency issuing, cashing and underwriting of government bonds; trading of government bonds and financial bonds; agency issuing quoted securities except equity, trading and agency trading of quoted securities except equity; asset custody business; inter-bank borrowing and lending; trading or agency trading of foreign exchange; settlement and sales of foreign exchange; bank card business; L/C services and guarantee; agency collections and payments, safe-box services, financial consulting, credit investigation, consulting, witness business, and other banking activities approved by the China's Banking Regulatory Commission.
As at the end of March 2012, the Bank's total assets reached RMB2,629,398 million, shareholders' equity amounted to RMB123,957 million, net profit for the first quarter was RMB8,288 million, and NPL ratio was 0.40%. According to the Top 1000 World Banks released by the British Magazine The Banker in 2011, the Bank was ranked 75th in terms of total assets and 83rd in terms of tier 1 capital. The Bank has opened 79 branches and 662 sub-branches in major cities such as Beijing, Shanghai, Guangzhou, Shenzhen, Nanjing, Hangzhou, Tianjin, Shenyang, Zhengzhou, Chongqing, Wuhan, Chengdu, Xi`an, Fuzhou, Xiamen, Taiyuan, Kunming, Changsha, Ningbo, Wenzhou, Yiwu, Taizhou, Dongguan, Foshan, Wuxi, Nanchang, Hefei, Wurumuqi, Dalian, Qingdao, Nanning, Harbin, Shijiazhuang, Huhhot, and Changchun. The Bank has a wholly owned subsidiary, Industrial Financial Leasing Co., Ltd., and has acquired a controlling stake in Union Trust Co., Ltd. Headquarters-level operating units such as Financial Markets Center, Credit Card Center, Retail Banking Headquarters, Private Banking Department, Assets Custody Department, Bank Services Center; VIC (Very Important Clients) Department, Investment Banking Department, Futures Finance Department, Funds Finance Department, Trade Finance Center and Sustainable Finance Center have been set up in Shanghai and Beijing.
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