Qishang Bank Profile

Qishang Bank, formerly known as Zibo Commercial Bank, is one of the fourth groups of local joint-stock commercial banks established by urban credit cooperatives in China. It was established on August 28, 1997 and based in Zibo, Shandong Province. On February 13, 2009, with the approval of China Banking Regulatory Commission, Zibo Commercial Bank changed its name to ’Qishang Bank’. Currently, with a registered capital of 3.888 billion yuan, Qishang Bank has set up the Zibo sub- branch and eight branches in Xi’an, Binzhou, Dongying, Weifang, Jining, Weihai, Jinan and Linyi. Besides, it has initiated the establishment of a rural bank as the controlling shareholder.

Since its establishment, Qishang Bank has formed an organizational structure mainly consisting of the Board of Shareholders, the Board of Directors, the Board of Supervisors and the senior management, and established its operating procedures and rules, according to requirements of modern company governance system. Under the enterprise spirit of ’practicality, innovation, elaboration and excellence’, Qishang Bank has defined its market orientation of being the ’bank for citizens’ and the ’bank for small and medium-sized enterprises’, and formulated the development strategy of being the ’differential, characteristic and elaborate’ bank. It has been continuously extending the business scope and improving its ability in innovation, capital strength, profitability and risk control. The Bank has already achieved sustained, sound and rapid development and has been among the best city commercial banks in Shandong Province in terms of profitability and comprehensive operating ability. By the end of 2018, the Bank had total assets of 106.9 billion yuan, deposit balance of 81.9 billion yuan, and loan balances of 60.2 billion yuan.

In 2015, Qishang Bank was awarded Advanced Organization for Small Business Loans among Chinas Banking Financial Institutions by China Banking Regulatory Commission. It has been granted the tile of Good Bank by China Banking Regulatory Commission, Shandong Office for many times. It has successively won the titles of Model Organization in Shandong Province, One of Chinas Top 10 Organizations of Excellent Enterprise (Brand) Image, One of the Top 10 Organizations with Excellent Corporate Culture in Chinas 30-Year Reform and Opening-up, Outstanding Contribution Award for Philanthropy in Zibo, etc. It has ranked among Chinas Top 500 Enterprises in the Service Industry for 8 times. Many branches and sub-branches of the bank have successively won the titles of Chinas National Youth Civilization Organization, Model Organization of Standardized Services in Chinas Banking Industry’ ’One of the Top 1000 Model Organizations of Standardized Services in Chinas Banking Industry, etc.

 

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