平安银行

PingAn Bank Co., Ltd. (abbreviation: PAB; stock abbreviation: PAB; stock code: 000001) is a new bank formed after the merger of former Shenzhen Development Bank Co., Ltd. (“former Shenzhen Development Bank” or “former SDB”) and former PingAn Bank Co., Ltd. (“former PAB”) through absorption. It is a national joint stock bank headquartered in Shenzhen. Ping An Insurance (Group) Company of China, Ltd. ("Ping An", “the Group”), together with its holding subsidiaries, hold in total 2.684 billion shares or 52.38% of total equities of PAB, and therefore is the controlling shareholder of PAB.

Former SDB was the first public-listed commercial bank 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 and got listed on the Shenzhen Stock Exchange on Apr. 3, 1991. The predecessor of former PAB was Shenzhen Commercial Bank, which was established in June 1995 and was the first city commercial bank in China. In pursuance to the resolutions passed at shareholders meeting at former PAB and former SDB as well as the approval from regulators, former SDB completed the merger with former PAB through absorption on June 12, 2012. On July 27, 2012, Shenzhen Development Bank was renamed into PingAn Bank Co., Ltd. Through the merger, the Bank has seen significant improvements in asset size, network coverage and product mix, and hence is able to offer better and more comprehensive products and services for more customers.

Ping An was established in 1988. As the first joint-stock insurance underwriter, now Ping An has developed into an integrated financial service group offering a wide spectrum of financial services including insurance, banking and investment. The Group is listed on Stock Exchange of Hong Kong and Shanghai Stock Exchange, and the stock code is 2318 and 601318 respectively. Ping An delivers full-range and tailored insurance, banking and investment products and services in PA brand to over 70 million customers in virtue of diversified distribution channels under specialized subsidiaries under PA Group. PAB is an important pillar of Ping An in banking area.

As of end of June 2012, total assets of the Bank reached RMB 1.4906 trillion, loan (including discounts) balance totaled 682.9 billion, and total deposit amounted to 949.6 billion. Net profit attributable to shareholders of parent company totaled 6.761 billion, representing 43% growth YoY; operating income and net non-interest income reached 19.626 billion and 3.469 billion, representing YoY growth of 61.7% and 98.8% respectively. Portfolio quality was kept at a good level with an NPL rate of 0.73%; capital adequacy ratio and core capital adequacy ratio were 11.4% and 8.44% respectively, meeting regulatory requirements.

PAB has a network of more than 400 outlets under 28 branches, with representative offices in Beijing and Hong Kong, and has built corresponding bank relationship with more than 600 banks located at many countries and areas overseas. The network of PAB covers about 80% of customer base of Ping An Group. PAB will leverage the strong resource advantages of Ping An Group, including 70 million individual customers and 2 million corporate customers, to further deepen and broaden the coverage of cross selling. PAB will also fully leverage the strong integrated financial service strength of Ping An Group in terms of brand, channel, customer, product and IT aspects to explore an innovative path for banking business development.

To respond to the changing and complicated business environment, PAB has worked out clear-cut and sustainable development strategies, aiming at pushing ahead with all reformation initiatives to steadily boost business growth, and strengthen resource pooling into supply chain finance, retail business and other core business areas to further solidify competition advantages.

In respect of Corporate business, PAB has set out “SME oriented and trade finance oriented” development strategy. It was the first bank in China to initiate and launch “supply chain finance” business model, which means full-range credit extension to upstream and downstream enterprises of core borrowing enterprises, and has maintained the leading advantage among domestic peer banks, keeping brand value improving. At the same time, PAB keeps robust growth in international business and offshore business, and as one of the 4 certified commercial banks in China for conducting offshore business via online banking, the Bank builds a full-dimension banking service system for corporate customers.

In respect of Retail business, PAB has been making efforts in customer-oriented products/service innovations and building up its capabilities to offer “one-stop” integrated financial services. As to credit card products, the Bank keeps offering professional and considerate services to customers, and PAB credit card brand image featuring “safe, economic and easy to use” is deeply rooted in the heart of card holders, and is widely praised. The Bank also continues the efforts in building up capabilities to offer professional products and services for medium to high end customers, so as to bring more value for customers. Regarding personal loans, the Bank is now offering more convenient, simplified and innovative services via products represented by UPL (unsecured personal loan). To echo economic reformation requirement from the Sate, the Bank makes strong efforts in micro finance business targeting small enterprises, and offers loan financing, settlement and wealth management services for micro enterprises following “efficient, rapid and flexible” service philosophy.

As to Treasury and Inter-bank business area, the Bank also carries out cooperation with medium to small sized financial institutions, and with licenses for multiple business areas, its financial product chain has got further extended. Meantime the Bank has achieved rapid growth by making good use of profit making opportunities at domestic market, and has seen steady rise in its inter-bank market share.

PAB has kept improving corporate governance structure and improving scientific decision making capabilities. The Bank actively introduces human resource management methodologies exercised at modern enterprises, and was the first bank in China to establish vertical management system governing Finance, Credit and Audit functions. The Bank has strengthened the efforts in full-round risk control, and hence has kept sound asset quality, and has remarkably improved its capital strength.

With the developments in business and management aspects, PAB has kept improving its brand image, and actively performing social responsibilities. For many years PAB has actively followed the value proposition and code of conduct to perform and implement corporate social responsibilities, adhered to integrity and compliance in business running, safeguarded customer interests, offered good quality financial products and services for customers, and protected lawful benefits of bank staff, laid emphasis on environmental protection and public welfare to repay the society.

During recent two years, PAB has been given many distinguished honors and awards such as “bank with best corporate social responsibility”, “best bank in supply chain finance innovations”, “best growing bank”, “bank with best innovation awareness”, “best bank website”, “bank with best application of electronic commerce” and “short-listed 100 enterprises for selection of top 10 Guangdong-based enterprises”.

In the years to come, PAB will continue its professionalism and innovation philosophy, strive to improve service capabilities and profit making capabilities, make improvements aggressively, strive for innovations and overcome all difficulties, further build its core competency and create bigger values for its customers, its staff, its shareholders and the society with its professional services, and spare no effort to realize “Best Bank” strategic objectives.