- China Guangfa Bank
-
China Guangfa Bank Type Joint stock company Industry Banking, Finance Founded 1988 Headquarters Guangzhou, Guangdong,
People's Republic of ChinaProducts Financial Services Revenue n/a Net income n/a Employees n/a Website www.gdb.com.cn China Guangfa Bank Traditional Chinese 廣發銀行 Simplified Chinese 广发银行 Transcriptions Mandarin - Hanyu Pinyin Guǎng Fā Yínháng Cantonese - Jyutping Gwong2 Faat3 Ngan2 Hong4 - Yale Romanization Gwóng Faat Ngán Hòhng China Guangfa Bank (simplified Chinese: 广发银行; traditional Chinese: 廣發銀行; pinyin: Guǎng Fā Yínháng, abbr: CGB), previously Guangdong Development Bank (simplified Chinese: 广东发展银行; traditional Chinese: 廣東發展銀行; pinyin: Guǎngdōng Fāzhǎn Yínháng),[1] is a bank based in Guangzhou, Guangdong in People's Republic of China. The bank was established in September 1988 as a joint stock commercial bank.
The bank established its first "overseas" branch in the then Portuguese-administered Macau in 1993, and its registered name is Banco de Desenvolvimento de Cantão, Sucursal de Macau (廣東發展銀行澳門分行).
China Guangfa Bank is a mid-size national bank with more than 500 branches in China. Based in the Guangdong province bordering Hong Kong, GDB has assets of $47.9 billion, 12 million consumer customers, 9 million bank cardholders, 16,000 small and medium-sized business customers and 12,474 employees. Its problems seem to lie in weak capitalization and a history of bad loans.
Citigroup has a 20% stake, while IBM holds 4.74%, keeping the two American companies below the 25% threshold for overall foreign ownership. China Life and State Grid each owns 20%, CITIC Trust, 12.85% and Puhua will hold the remaining 8% of the equity sold.[2]
References
- ^ "广发银行更名换标 发布“汇聚”红色新标识(图)" (in Chinese). chinanews.com. 25 April 2011. http://www.chinanews.com/fortune/2011/04-08/2960715.shtml. Retrieved 25 April 2011.
- ^ Forbes retrieved at 11 Am, Dec 1st, 2006.
External links
- (Chinese) China Guangfa Bank's official homepage
Banks of the People's Republic of ChinaBanking in China Central bank Policy bank State-owned Commercial China CITIC Bank · China Everbright Bank · Hua Xia Bank · China Guangfa Bank · Shenzhen Development Bank · China Merchants Bank · Shanghai Pudong Development Bank · Industrial Bank Co. · China Minsheng Bank · Evergrowing Bank · China Zheshang Bank · China Bohai Bank · Xiamen International Bank · Ping An BankList of banks in the People's Republic of China · List of banks in Hong Kong · List of banks in Macau Categories:- Banks of China
- Government-owned companies in the People's Republic of China
- Companies based in Guangdong
- Banks established in 1988
Wikimedia Foundation. 2010.
