Bank profile of Xiangfan Commercial Bank

Xiangfan City Commercial Bank Co., Ltd. is a local joint-stock banking financial institution established on the basis of Xiangfan City Credit Union Co., Ltd., and is also the only local legal person financial institution in the city. It was first established in January 1987. It was originally the Municipal Credit Cooperative Central Branch affiliated to the Xiangfan City Branch of the People's Bank of China (now Xiangyang City Central Branch of the People's Bank of China). In November 2001, it was transferred to the management of the Xiangfan Municipal Government with the approval of the People's Bank of China Head Office. In January 2002 It was renamed Xiangfan City Credit Cooperative. In November 2006, it was restructured into Xiangfan City Credit Cooperative Co., Ltd. with the approval of the China Banking Regulatory Commission. In April 2007, it was approved to establish Xiangfan City Commercial Bank. On September 16, 2007, Xiangfan City Commercial Bank was officially opened for business. . Since its establishment, Xiangfan City Commercial Bank has attached great importance to the Xiangyang Municipal Party Committee and the Municipal Government and the care and support of the People's Bank of China and the Banking Regulatory Department. It has always adhered to steady operations, reform and innovation, and pioneering spirit. Its business operations have maintained a trend of healthy operation and stable development. Compared with its counterparts in the city and the province, it has the characteristics and advantages of small size, excellent quality and good efficiency.

As of the end of 2008, the total assets were 2.339 billion yuan, the total liabilities reached 2.171 billion yuan, the non-performing loan ratio was only 1.31, and major business operating indicators such as per capita assets and profitability level ranked among the top in the city's banking industry, and it has become A financial institution with strong competitiveness and reputation in the city.

Xiangfan City Commercial Bank provides various financial services such as deposits, loans, settlements, bill discounting and acceptance, agency, and consulting, forming a bank covering three major categories: interbank, corporate, and retail, with rich varieties and advanced means. The business system has its own characteristics and comparative advantages in many business fields. A total of more than 7 billion yuan in credit support has been provided to small and medium-sized enterprises, urban infrastructure projects, high-tech enterprises and the general public, making outstanding contributions to improving Xiangfan's urban functions and promoting local economic development. It has won the trust of customers with its reputation, service, management and business variety, and has a large number of relatively fixed high-quality customer groups.

Xiangfan City Commercial Bank will always adhere to the market positioning of "serving the local economy, serving small and medium-sized enterprises, and serving urban residents", adhere to the business policy of "sound operation, pioneering and innovative", adhere to the customer-centered and Market-oriented, people-oriented, driven by reform and innovation, promoting development with service, adhering to the path of sustainable development with sound operations, rapidly expanding asset scale, comprehensively improving management quality, continuously enhancing core competitiveness, and giving full play to "government support and flexible mechanisms" , rapid decision-making, and symmetric information", and strive to build a local "boutique bank" with first-class governance structure, first-class management level, first-class service quality, and first-class development capabilities, and strive to provide more and more effective services for the development of an economy suitable for Xiangfan's characteristics. With financial support and better financial services, we will continue to create greater value for shareholders, customers, enterprises, and society!

Reform

On December 24, 2010, with the approval of the China Banking Regulatory Commission, Huangshi Bank (including Xianning Branch), Yichang Commercial Bank, Xiangfan Commercial Bank, Jingzhou Commercial Bank, Xiaogan Commercial Bank was established as Hubei Bank. On February 27, 2011, Hubei Bank was officially established. On June 24, 2011, Hubei Bank Xiangyang Branch was officially unveiled.