Industrial Bank

Type: Public
On the web: http://www.cib.com.cn

There's nothing average about Industrial Bank. Founded in 1988, Industrial Bank is one of China's first joint stock commercial banks. Through some 40 branches and more than 400 sub-branches across China, Industrial Bank offers standard deposit, loan, wealth management, credit card, and e-banking products and services to personal and commercial banking customers. Fujian Finance Department, a government institution, controls about a quarter of Industrial Bank, while Hong Kong's Hang Seng Bank and Singapore's Tetrad Ventures together own about a fifth.

Officers:
President: Banking - Asia & Australia

Competitors:
Bank of China
Bank of East Asia
Shanghai Pudong Development Bank

State chartered finance company that makes consumer and commercial loans and accepts time deposits and interest-paying Negotiable Order of Withdrawal accounts. Industrial banks, once found in sixteen states, are today chartered in just five states, mostly in the western United States. The term has its roots in the early-20th-century finance companies that originated loans to industrial workers; back then, most commercial banks did not offer consumer loans. Also called industrial loan bank or industrial loan company.

Industrial Bank (SSE: 601166) was the old short name that was more commonly used in China from June 2001 thru March 3, 2003 for Industrial Bank Co.

The former Fujian Industrial Bank (福建兴业银行) was established on August 26, 1988, and had its first name change in June 2001, renaming itself as Fujian Industrial Bank Joint-Stock Corporation, Limited (福建兴业银行股份有限公司), but the name was long and the bank was referred by others in China simply as Industrial Bank (simplified Chinese: 兴业银行; traditional Chinese: 興業銀行; pinyin: Xīngyè Yínháng) instead.

The bank had yet another name change on March 3, 2003 to finally settle for its current name Industrial Bank Joint-Stock Corporation, Limited (兴业银行股份有限公司), or more commonly known as Industrial Bank Co.

External links

• Official homepage

v • d • e CNX companies of China Bank of China · Baoshan Steel · Baotou Steel · China Life Insurance · China Petroleum · China Ship Dev. · China Unicom · CITIC Securities · Cosco Shipping · Daquin Railway · Hua Xia Bank · Industrial and Commercial Bank of China · Industrial Bank · Merchants Bank · Minmetals Dev. · Minsheng Banking · Pudong Development Bank · SH Automotive · SH Oriental Pearl · SH Petrochemical · SH Zhenhua Port · Shandong Aluminium · Shanghai Airport · Shenergy · Southern Airlines · Tianjin Port · Tianwei · Tsinghua Tongfang · Wuhan Steel · Yangtze Power · Yantai Wanhua · Yanzhou Coal

v • d • e Hang Seng China 50 Index Constitutent Stocks A shares/H shares Banks    Bank of (Beijing · China · Communications)    Industries: China Construction Bank · China CITIC Bank · China Merchants Bank · Industrial and Commercial Bank of China · Industrial Bank ·    China Minsheng Bank · Shanghai Pudong Development Bank Insurance: China Life Insurance · China Pacific Insurance · People's Insurance Company of China · Ping An Insurance Air China · Anhui Conch Cement · Baosteel · Aluminium Corporation of China · China Coal Energy · China Communications Construction · China COSCO · China Oilfield Services · China Railway Construction · China Railway Engineering · China Shenhua · China Shipping Development · China CSSC · China Telecom · CITIC Securities · Daqin Railway Company · Datang Power · Haitong Securities · Huaneng Power International · Kweichow Moutai Company · Petrochina · Shanghai Automotive · Sinopec · Wuhan Iron and Steel · Zijin Mining Red chip China Merchants Holdings · China Mobile · China Overseas · China Unicom · CNOOC Others Tencent Holdings · Alibaba · Belle International · Country Garden

This Asian bank-related article is a stub. You can help Wikipedia by expanding it.

This Chinese corporation or company article is a stub. You can help Wikipedia by expanding it.

This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)