Does Weifang Bank belong to Weifang?

Yes, Weifang Bank is a city commercial bank restructured from the former Weifang Credit Cooperative and managed by Weifang City. Weifang Bank is the only local joint-stock commercial bank with independent legal personality established in Weifang City, Shandong Province with the approval of the People's Bank of China. Its head office is located in Weifang Financial Street. The registered capital is 307.88 million yuan, and the organization form is joint stock limited company, and the system of "first-class legal person and unified accounting" is implemented.

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Weifang Bank was established on August 22nd, 1998, formerly known as Weifang City Commercial Bank, and changed its name on August 8th, 2009. It is the fourth city commercial bank established in Shandong Peninsula (Qingdao Bank, Yantai Bank and Weihai Commercial Bank have been established before).

Corporate management: In terms of management, Weifang Commercial Bank has established a corporate governance structure under the leadership of the board of directors in accordance with the requirements of modern enterprise system, giving full play to the respective functions of the shareholders' meeting, the board of directors, the board of supervisors and the management team, and formed a corporate governance mechanism with clear rights and responsibilities, balanced constraints, sound rules and orderly operation.

Focusing on "building a good mechanism", a series of internal reforms such as personnel, performance, salary, marketing, training and internal institutions have been further promoted, and an internal operating mechanism that conforms to the development reality of Weifang Commercial Bank, adapts to market competition and is full of vitality has been established. The talent management concept of "everyone is talented and suitable", the competition mechanism of "horse racing and performance hero" and the quasi-market employment management mechanism have become a powerful driving force to promote the development of Weifang Commercial Bank.

Weifang Bank has always adhered to the strategic position of corporate culture, further promoted the reconstruction of corporate culture, created a unique and distinctive corporate spirit, market positioning, service concept and work style, and gradually solidified and influenced employees' thoughts and behaviors.

Banking business refers to the business handled by banks. According to the complexity of business and the dependence on outlets, banking business can be divided into traditional business and complex business. According to the composition of its balance sheet, banking business is mainly divided into three categories: liability business, asset business and intermediary business.

According to the complexity of business and the dependence on outlets, banking business can be divided into two parts: one part is traditional business, including general loans, simple foreign exchange trading, trade financing and so on. , mainly supported by a large number of branch outlets and business volume. In addition, there are complex businesses, such as derivative products, structured financing, leasing, introducing strategic investors, mergers and acquisitions, etc. These are high-tech and high-profit business areas, which are not very dependent on the branch network.

According to the composition of its balance sheet, banking business is mainly divided into three categories: liability business, asset business and intermediary business.

Debt business is the business of commercial banks to form a source of funds, and it is an important basis for intermediary business and assets of commercial banks. The liability business of commercial banks is mainly composed of deposit business, loan business and interbank business. Liabilities are debts that can be measured in money and will be repaid with assets or capital. Deposits and derivative deposits are the main liabilities of banks, accounting for more than 80% of the sources of funds. In addition, interbank deposits, borrowing funds or issuing bonds also constitute bank liabilities.