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 (hereinafter referred to as SDB or the Bank) is the first public-listed commercial bank (Stock Name: SDB A; Stock Code: 000001) in the People’s Republic of China. The Bank launched its initial public offering in May 1987 and was formally established on December 22 of the same year, headquartered in Shenzhen.
Over 20-plus years of robust development and with increasingly enhanced comprehensive strength, SDB has become a national commercial bank with approx. 300 branches/outlets in 22 developed cities in China, including Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou and Wuhan. It also has representative offices in Beijing and Hong Kong and a network of over 600 correspondent banks in a great number of countries and regions.
In June 2010, Ping An Insurance (Group) Company of China, Ltd. (“Ping An”) and its affiliated company became the largest shareholder of SDB through acquisition of SDB shares held by Newbridge Asia AIV III, L.P. as well as non-public offering of SDB. In July 2011, SDB successfully issued new shares to Ping An to swap for the Ping An Bank (“PAB”) shares held by Ping An. Thus, SDB holds about 90.75% shares of PAB while Ping An and its controlled subsidiary hold about 52.38% shares of SDB; SDB becomes a controlled subsidiary of Ping An. In February 2012, the two banks’ Shareholders’ Meeting respectively deliberated and approved the proposal of the merger of PAB into SDB and renaming of Shenzhen Development Bank Co., Ltd to Ping An Bank Co., Ltd, subject to the approval of relevant regulators.
As of the end of December 2011, the consolidated total asset of the two banks is RMB 1,258.2bn, the total loan is RMB 620.6bn and the total deposit is RMB 850.8bn. In 2011, the consolidated net profit of the two banks is RMB 10.28bn, a YoY growth of 65%. The NPL ratio is 0.53%, which means the asset quality remains good vs the industry; the provision coverage is 321%. The CAR and CCAR is 11.51% and 8.46% respectively, which are in line with regulatory requirement.
Meanwhile, the Bank responds promptly to the changing environment with remarkable adaptability, pushes solid reforms and implements steady development strategies. It continues to increase input into core businesses such as supply chain finance and retail so as to further sharpen its competitive edge.
In corporate business, the Bank has placed the strategic priority on SME and Supply Chain Finance and is among the first to introduce the comprehensive lending model – “Supply Chain Finance” that centers on core enterprises and serves the upstream/downstream enterprises along the supply chain. SDB Supply Chain Finance has set the pace in the Chinese banking industry with rising brand value. At the same time, there have been solid developments in the Bank’s international & offshore businesses. As the first Chinese commercial bank with approved qualification for offshore business, SDB has built an integrated real-time banking service system for corporate customers.
Since the strategic transformation towards retail banking in 2005, SDB has been committed to customer service with ceaseless product and service innovation and sound retail banking service system. The brand value of SDB Wealth Management (“Tianji Wealth”) which targets at mid-to-high-end customers is improving, winning widespread customer acceptance. In credit card business, the Bank continues to propel the key proposition of environment-friendliness and fashion. Facing the intensive release of real estate control policies and enlarged fluctuations of the market, the structure of personal loan business will be continuously adjusted to increase the proportion of business with high return and the Bank will pro-actively expand entrepreneur loans, auto loans and unsecured loans, push ahead with micro finance business system building and continuously increase inputs in this area in respect of network building, staffing, risk control system and supporting resources.
In Treasury Inter-bank Business, the Bank cooperates with small- and medium-sized financial institutions in multiple fields and has obtained new business qualifications and further extended its financial product chain. The Bank is successful in grasping phased profit opportunities in the domestic market, and has been steadily expanding its market share in the inter-bank market.
SDB is among the first in the Chinese banking industry to pioneer the vertical management system in accounting, credit underwriting and auditing and is proactive in adopting modern HR management approach. With a series of reforms, the corporate governance structure is improving with enhanced scientific decision-making capability, risk control, asset quality and capital strength.
SDB never stops improving its corporate image through business and management development and proactively fulfills its social responsibility. For years, SDB has proactively performed the values and code of conduct in respect of corporate social responsibility to repay the society through disciplined and compliant business management, customer interest protection, quality financial services and products, employee rights protection, charity and environmental protection.
In 2011, the bank was laurelled with awards including the ”Best CSR Award”, “Annual Best Innovation Bank in Supply Chain Finance”, “Best Growing Bank”, “Best Innovative Bank”, “Annual Best Bank Website”, “Annual Best Bank for E-commerce Application” and “Top 100 Guangdong-based Enterprises” etc.
In the future, SDB will take the two banks’ integration as an opportunity, continue to follow the philosophy of professionalism & innovation, spare no effort to achieve better service and profitability, blaze a new way and keep on innovating to build up its core competitiveness, pursue maximum value for customers, employees, shareholders and society by virtue of specialized business operation and service and make unremitting efforts to deliver the “Best Bank” strategic objectives.
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| Company Name: |
Shenzhen Development Bank Co., Ltd. |
Company Type: |
Enterprise () |
| Area: |
China |
Company Size: |
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| Registered Capital: |
N/A |
Registered Year: |
1987 |
| Validated: |
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| Security deposit: |
Already paid 0.00 USD |
| Business Scope: |
commercial bank |
| Business: |
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