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Weihai City Commercial Bank Kept the "Top 10 City Commercial Bank of the Year" Honor and the Total Assets has increased to About 60 Times since Its Foundation for 20 Years

2017-12-30

On December 22th, the result of the most influential appraisal of the national financial industry —— "the Golden Dragon Award of the 2017 China Financial Institution" was published. By virtue of the sustained and steady development of the commercial banks, effective financial innovation, unique financial services and the continuous promotion of the brand influence, WeiHai City Commercial Bank has kept the “Top ten City Commercial Bank of the Year" honor.

Under the strong support of the Hi-Speed Group, after 20 years of innovative development, the branch of Weihai City Commercial Bank has realized full coverage in Shandong Province, established Tianjin branch outside the province, and taken the lead in initiating the establishment of financial leasing companies in the banking industry of Shandong Province. The supervision indexes of the banks continuously and comprehensively reach the standard. Weihai City Commercial Bank has been marked as the second class banks for many years and has become one of the most developing-potential joint-stock commercial banks in the country. In recent years, the annual combined growth rate of the total assets of commercial banks in Weihai has been over 23%, and the annual combined growth rate of net profit has reached over 30%. The annual performance evaluation of Weihai City Commercial Bank is listed the first among all local financial enterprises in Shandong Province for 3 years, and has been evaluated the highest rating of AAA. It is expected that at the end of the year, the total assets of commercial banks in the City of China are nearly 200 billion yuan, which has increased to about 60 times than those at the beginning of the year; the profit tax of over 2.7 billion yuan has been achieved in the whole year, and total-caliber cumulative credit will be over 140 billion yuan.

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