As the first listed company in Shenzhen and the earliest joint-stock bank in China, SDB has always been the darling of financial circles in 1990s. After more than 20 years of rapid development, Shenzhen Development Bank has become a national commercial bank with nearly 300 branches in 22 economically developed cities such as Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou, Wuhan and Zhengzhou. , has representative offices in Beijing and Hong Kong, and has established correspondent bank relations with more than 600 banks in many countries and regions.
In 2004, SDB successfully introduced an international strategic investor, Xinqiao Asia AIV III (L.P), and became the first Chinese-funded joint-stock commercial bank with foreign capital as the largest shareholder in China. Adhering to the customer service concept of "professionalism and innovation", SDB has made great progress in the fields of business philosophy, risk management, financial management and market development by effectively combining international advanced management technology and local experience.
The business of Shenzhen Development Bank has sustained and healthy growth with good performance. By the first half of 20 1 1, the total assets of SDB reached 85.21billion yuan, with total loans of 448.5 billion yuan and total deposits of 632.5 billion yuan. 20 1 1 In the first half of the year, SDB achieved a net profit of 4.732 billion yuan and a weighted annualized average return on equity of 24.74%. The quality of assets remained at a good level. As of June 30th, 20 1 1, the NPL ratio of the whole bank was only 0.44%, the provision coverage ratio reached 380%, and the capital adequacy ratio and core capital adequacy ratio were 10.58% and 7.0 1% respectively.
Facing the complicated and changeable business environment, SDB actively responded with excellent adaptability, solidly promoted various reforms, steadily implemented development strategies, and continuously increased investment in core business areas such as supply chain finance and retail business, further consolidating its competitive advantage.
In terms of corporate business, SDB has established a development strategy of "oriented to small and medium-sized enterprises and oriented to trade financing", and has taken the lead in launching an all-round credit model around core enterprises and developing upstream and downstream enterprises in China-"supply chain finance", which has maintained a leading position among domestic peers and its brand value has been continuously improved. At the same time, international business and offshore business have developed steadily. As the first commercial bank in China to obtain the qualification of offshore online banking business, SDB has built a cross-time and all-round banking service system for corporate customers.
Since taking retail business as the direction of strategic transformation in 2005, SDB has persisted in taking customers as the center, constantly innovated products and services, and built a retail banking product and service system. Tianji Wealth, a professional financial management brand for mid-to high-end customers, has continuously improved its product and service capabilities and won the recognition of more customers. Credit card business continues to implement the core value orientation of environmental protection and fashion; Faced with the intensive introduction of real estate control policies and intensified market volatility, the personal loan business continued to adjust its structure, increase the proportion of high-yield businesses, and actively expand personal business loans, auto loans and unsecured loans.
Inter-bank fund business cooperated with small and medium-sized financial institutions in many fields, and obtained many new business qualifications, further extending the financial product chain. At the same time, seize the staged profit opportunities in the domestic market, achieve rapid development and steadily increase the market share of the same industry.
SDB takes the lead in establishing a vertical management system of accounting, credit and auditing in China, and actively introduces modern enterprise human resource management methods. With the promotion of a series of reform measures, SDB has continuously improved the corporate governance structure, enhanced scientific decision-making ability and comprehensively strengthened risk control. As a result, its asset quality has been significantly improved and its capital strength has been significantly enhanced.
Through the development of business and management, SDB has continuously improved its corporate brand image and actively fulfilled its social responsibilities. Over the years, SDB has actively fulfilled and practiced the value standard and code of conduct of corporate social responsibility, adhered to honest and compliant operation, safeguarded the interests of customers, provided high-quality financial products and services to the society, protected the legitimate rights and interests of employees, paid attention to environmental protection, and was keen on public welfare and gave back to the society.
In 20 10, SDB won the honors of "the most respected bank", "the best corporate social responsibility award", "the most powerful profitable bank", "the best retail bank" and "the best supply chain financial service provider in China". 15 outlets, such as the business department of the head office and Shenzhen Jiangsu Building Sub-branch, won the title of "National Civilized and Standardized Banking Service 1000 Top Demonstration Unit".
In the future, SDB will continue to carry forward the team's professional innovation spirit, adhere to the purpose of creating returns for shareholders, creating value for customers and bringing development to employees, strive to improve profitability and service level, forge ahead and innovate constantly, further build core competitiveness, and make unremitting efforts to build a modern commercial bank with international standards in an all-round way.
With its continuous innovation ability, SDB has achieved rapid development in various businesses: the net profit in 2006 was 65.438+30.3 billion yuan, an increase of 365.438+09% over the previous year; The net profit in 2007 was 2.65 billion yuan, an increase of103% over the previous year; In 2008, the net profit dropped to 6,654,380,400 yuan, down 77% compared with the same period of last year; According to SDB, in the fourth quarter of 2007, the company increased its provision by about 5.6 billion yuan, and wrote off about 9.4 billion yuan. All losses and suspicious non-performing loans have been written off, and a large number of subprime loans have been written off. Most of the loans written off this time are historical non-performing loans issued before 2005. According to the forecast of SDB, the balance of non-performing loans on February 3, 20081day was about 6,543.809 billion yuan, accounting for less than 1% of all loans. Compared with 4.3% on September 30, 2008 and 5.6% on February 30, 2007, the NPL ratio dropped significantly. "However, this huge provision has made SDB's asset portfolio reach the healthiest level in the past few years." In 2009, the company achieved a net profit of 5,036,543.8 billion yuan, an increase of 765,438+09% over the previous year.
In 20 10, among the global 1000 banks published by The Banker, Shenzhen Development Bank ranked 23 1, up 49 places from 2009, and ranked 16 among listed banks in China. 2065 438+00 SDB has set up 303 branches in 20 economically developed cities in China, a representative office in Beijing and Hong Kong, and established correspondent bank relations with more than 600 overseas banks.
Merge security
20 10 In May, China Ping An Insurance (Group) Co., Ltd. issued 299 million H shares to its major shareholder SDB at a transaction cost of about167.95 million yuan. After the transaction is completed, Ping An Insurance Group holds SDB 16.76% shares.
20 10 June, Ping An Life Insurance Company of China subscribed for 379.58 million shares of SDB at the price of 18.26 yuan/share, and Ping An Insurance held 29.99% of the shares of SDB after the subscription.
20 10 September, Ping An Insurance announced that it had subscribed for 90.75% shares of Shenzhen Ping An Bank and SDB16.39 million shares in cash at the price of 17.75 yuan/share. After the transaction is completed, Ping An Insurance holds a total of 52.38% shares (2.684 billion) in SDB. According to the closing price of1August 2 15. 16 yuan/share, the corresponding market value is 40.689 billion, and SDB holds 90.75% of the shares of Ping An Bank.
2011August, SDB plans to raise no more than 20 billion yuan from China Ping An. After the transaction is completed, Ping An Group's shareholding in SDB will reach 6 1.36%.
20 12 65438+ 10/9, SDB announced that the board of directors of SDB and Ping An Bank reviewed and approved the merger plan of the two banks, and SDB absorbed Ping An Bank and renamed it "Ping An Bank". According to the announcement of SDB, after the merger, the original Ping An Bank will be merged into SDB, and the original Ping An Bank will be cancelled and will no longer exist independently as a legal person. SDB should be a merged company, and its Chinese name will be changed from Shenzhen Development Bank Co., Ltd. to Ping An Bank Co., Ltd.
On the evening of July 25th, 20 12, it was announced that it had received the Reply of China Banking Regulatory Commission on the Renaming of Shenzhen Development Bank (Yin [2065438+02] No.397). China Banking Regulatory Commission agreed that Shenzhen Development Bank Co., Ltd. was renamed Ping An Bank Co., Ltd. and its English name was changed to Ping An Bank Co., Ltd. ... Ping An Bank was cancelled on June 20 12, and SDB will become the new "Ping An Bank". The name change has not been registered with the industrial and commercial registration authority. It is reported that the stock number of 00000 1 will remain unchanged. "Ping An Bank" will be upgraded from a city commercial bank in Shenzhen to a national joint-stock bank with assets of 1.26 trillion.
Although the renaming work is about to be completed, it will take some time for the two banks to finally integrate. Richard Jackson, president of Shenzhen Development Bank, said that the final integration of IT core systems of the two banks will not be completed until 20 12 and 10; Integration 100% all work will be completed in the first quarter of 20 13.
On the evening of August 2065438+2002 1, SDB announced that the short name of the bank's securities was officially changed to "Ping An Bank" from today. ...
20 12 On August 2nd, in the conference room on the 32nd floor of Shenzhen Development Building, Shennan Middle Road, Shenzhen, Xiao Suining, former chairman of Shenzhen Development Bank, and Richard Jackson, president of Shenzhen Ping An Bank jointly unveiled the Shenzhen Development Bank. SDB officially ended its 25-year mission, and the 23-year-old "0000 1" will continue its A-share K-line legend with the vest of "Ping An Bank".
As one of the three business pillars of China Ping An Group, Ping An Bank plans to rely on the strong advantages of comprehensive financial services of China Ping An Group to develop into a national first-class bank with outstanding performance in major target markets such as retail business, credit cards and small and medium-sized enterprises, and internationally advanced overall management.
On the evening of August 12, Ping An Bank released its first semi-annual report since the merger. In the first half of this year, the bank achieved operating income of1962.6 billion yuan, a year-on-year increase of 6 1.70%. The net profit attributable to shareholders of the parent company was 6.7665438 billion yuan, a year-on-year increase of 42.95438+0%. Good performance laid the foundation for Ping An Bank's dividend plan. The semi-annual report shows that by the end of June, the total assets of Ping An Bank were 1490623 billion yuan, an increase of18.47% compared with the beginning of the year; The total deposits and loans reached 949.578 billion yuan and 682.906 billion yuan respectively, increasing by 1 1.60% and 1003% respectively compared with the beginning of the year. ...
China Ping An Insurance (Group) Co., Ltd. claimed that its net profit in the third quarter rose from 201800 million yuan a year ago to 2 10/000 million yuan (US$ 336,340,000), and its net profit in the first nine months was 20161000 million yuan, year-on-year.