China Guangfa Bank

China Guangfa Bank
China Guangfa Bank
Type Joint stock company
Industry Banking, Finance
Founded 1988
Headquarters Guangzhou, Guangdong,
People's Republic of China
Products 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

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

  1. ^ "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. 
  2. ^ Forbes retrieved at 11 Am, Dec 1st, 2006.

External links


Wikimedia Foundation. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • China Construction Bank — Type Public company Traded as SEHK:  …   Wikipedia

  • China Development Bank — Type Government owned Industry Finance Founded 1994 Headquarters Beijing, People s Republ …   Wikipedia

  • China Merchants Bank — Company Limited 招商銀行股份有限公司 Type Public company Traded as SEHK:  …   Wikipedia

  • Bank of Communications — Limited 交通银行股份有限公司 Type Public Industry Finance and Insurance Founded 1908 Headquar …   Wikipedia

  • China Resources Shenzhen International Trust — Investment 華潤信託 Type State owned enterprise Industry Investment company Founded 1982 Headquarters Shenzhen, People s Republic of China …   Wikipedia

  • People's Bank of China — Not to be confused with Bank of China, Central Bank of the Republic of China (Taiwan), or National Bank of China. PBOC redirects here. For other uses, see PBOC (disambiguation). People s Bank of China …   Wikipedia

  • Agricultural Bank of China — Limited Type Public Traded as SEHK: 1288 SSE …   Wikipedia

  • Industrial and Commercial Bank of China — ICBC redirects here. For other uses, see ICBC (disambiguation). Industrial and Commercial Bank of China Ltd. Type Public company SEHK:  …   Wikipedia

  • List of banks in the People's Republic of China — This is a list of incorporated banks in the People s Republic of China (PRC). The big four banks are marked with asterisks (*). Contents 1 Banks owned by the central government 2 Banks owned by local governments 3 Privately owned banks …   Wikipedia

  • Banking in the People's Republic of China — This article is about the banking system of the People s Republic of China. For details on the financial system at large, see Chinese financial system. China s banking system has undergone significant changes in the last two decades: banks are… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”