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Is Yumin Bank a regular bank?

Yes

According to the enquiry report network, Yumin Bank is a private bank approved by China Banking and Insurance Regulatory Commission. It is the first private bank in Jiangxi Province and the 18 private bank in China. 2065438+It was formally established and opened to the outside world on September 28th, 2009. Yumin Bank is a relatively new institution. As a regular licensed bank, its deposit products are also protected by the Deposit Insurance Ordinance. So Yumin Bank is a regular bank.

Jiangxi Yumin Bank was initiated by nine leading private enterprises in Jiangxi Province, namely Zhengbang Group, Boneng Industry, Nanchang Yifen, Zhongheng Construction, Fade Holdings, Hua Hong Automobile, Yin Tao Medicine, Sichuang Technology and Cizhi Data, mainly targeting private enterprises, private economy and people's livelihood. Jiangxi Yumin Bank, with a registered capital of 2 billion yuan, was founded by Zhengbang Group Co., Ltd., Jiangxi Boneng Industrial Group Co., Ltd. and many outstanding private enterprises in Jiangxi Province. Zhengbang Group Co., Ltd. holds 30%, Jiangxi Boneng Industrial Group Co., Ltd. holds 29.5%, Nanchang Yifen Marketing Co., Ltd. holds 9.8%, Zhongheng Construction Group Co., Ltd. holds 9.7%, Developed Holding Group Co., Ltd. holds 6%, Hua Hong Automobile Group Co., Ltd. holds 5%, Jiangxi Yin Tao Pharmaceutical Co., Ltd. holds 4%, Sitron Technology Group Co., Ltd. holds 3% and Zhongzhi Data Group Co., Ltd. holds 3%.