Ping An Bank

Shenzhen Ping An Bank Limited (“SZPAB”) is a joint-stock commercial bank headquartered in Shenzhen,operating in Shenzhen, Shanghai and Fuzhou. As a subsidiary of Ping An Insurance (Group) Company of China, Ltd. (“Ping An”, HKEx 2318, SSE 601318), the bank is one of the three business pillars of Ping An Group, namely insurance, banking and asset management.

SZPAB was formally known as Shenzhen City Commercial Bank, the first city commercial bank in the PRC, established on June 22, 1995. In December 2006, upon the approval of China Banking Regulatory Commission (CBRC), Ping An Group became the largest shareholder of Shenzhen Commercial Bank with an 89.36% shareholding. On June 16, 2007 Shenzhen Commercial Bank was approved by CBRC to acquire Ping An Bank and to rename itself as Shenzhen Ping An Bank Company Limited. The former Ping An Bank’s head-office in Shanghai, its branch in Fuzhou and its sub-branch in Zhangjiang, Shanghai were respectively converted into Shanghai Branch, Fuzhou Branch and Zhangjiang Sub-branch of SZPAB. After merger, SZPAB had registered capital of RMB5.502 billion and total assets of approximately RMB100 billion.

With support from the integrated financial services platform of Ping An Group, SZPAB speeds up developing a platform for its core banking operations and actively promotes its retail banking, credit card business, corporate banking business and financing services for small and medium-sized enterprises. Embracing the core value of “professionalism, value and innovation” long cherished by Ping An Group, SZPAB takes advantage of its local expertise in offering customers innovative and first class services of international standards.

In the retail banking area, SZPAB was the first of its kind to launch debit cards which incorporated IC chips and magnetic stripes. It also launched dual-currency international debit cards to the Mainland China market. In August 2007, it rolled out multi-functional “Jixiang Debit Card”, which incorporates a series of financial services, ranging from deposit and withdrawal, point-of-sale spending, payroll payment for employers, auto-transfer and on-line payment to personal wealth management. In addition, SZPAB offers a variety of products with unique features such as “Gaosutong”, “Kuaijietong” and “Gangyuntong”. Following the launch of Anchor wealth management products, SZPAB opened Anchor Wealth Management Center to cater to VIP customers by offering them a full range of wealth management services.

Credit card business is a major business for SZPAB. SZPAB and Ping An Group jointly launched the Wanlitong Credit Card on May 21, 2007. SZPAB also launched the “Ping An” credit card in August 2007. The “Ping An” credit card provides insurance coverage to card holders with no extra cost. The “Ping An” credit card enables its card holders to enjoy extra security protection when they are shopping at home and abroad.

In aspect of corporate business, SZPAB aims at delivering quality, innovative and efficient products and services to the SME customers through its professional teams. Having gone through market researches, the bank develops flexible lending policies that meet the market needs. It also continues to streamline the approval procedures to improve SME lending efficiency. In addition, the Bank provides its SME customers with an extensive service platform in helping them solving financial problems and improving efficiency of their capital utilization through integration of service platforms of outlets, Internet banking and phone banking,etc.. Furthermore, SZPAB leverages its relationship with Ping An Group in providing a package of integrated financial services so as to maximize the value for customers.

In the international business development, as a first city commercial bank with foreign exchange business license, the international settlement volume has kept on increasing by two digits for ten years, ranking No. 2 in all the city commercial banks in China. Bills processing business, especially our key product - export bills negotiation, are ranking No. 3 in Shenzhen market for many years consecutively with a market share of above 10%. We have developed a series of new products such as forfeiting, risk participant, issuance of L/Cs against export documents, issuance of L/Cs against export L/Cs, re-issuance of L/Cs for other city commercial banks, etc. We have more than 600 correspondent banks all over the world and gained the sufficient credit facilities from many famous international banks.

SZPAB, which is aiming to provide professional, valuable and innovative services to its customers, spares no efforts in enhancing its infrastructure. It was the first bank in Shenzhen to have developed the AS/400, an integrated computerized banking system for centralized management and mass processing of customers’ information and related credit and banking businesses. It is the first of its kind in Shenzhen to fully computerize its credit business. Its official website www.18ebank.com provides the most advanced e-banking services in China. The bank also pioneers the dynamic phone banking authentication, dynamic token authentication and the credit control system in the banking industry in China. Together with Shenzhen University, the bank launched the “Shenzhen University Card” which once again is the first in China to join hands with an academic organization to issue a card which contains not only credit details but also the personal details of the card holders. The card can be used for entrance registration and other administration purposes, thus helping to enhance the standard of the university management.

Being one of the three core businesses of the Ping An Group, SZPAB is able to leverage the group’s integrated financial services platform, renowned brand name, effective measures in corporate governance and risk management, large customer base and nationwide service framework to further develop its businesses.

SZPAB aims to become a first-class domestic bank with leading performance in retail banking, credit card and SME, etc. as well as advanced international standard management.