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A Brief Introduction to Shanghai Pudong Development Bank
Shanghai Pudong Development Bank Co., Ltd. (known as SPD Bank for short), founded on August 28, 1992 with the approval of People’s Bank of China and opened since January 9, 1993, is a nationwide joint-stock commercial bank listed in 1999 on the Shanghai Stock Exchange (Stock Code: 600000). Based in Shanghai, the Bank’s current registered capital stands at RMB 19.653 billion. As a listed company, SPD Bank is highly regarded within China’s security market thanks to its outstanding performance and business integrity.
By adhering to the core value of “sticking to integrity and striving for excellence”, SPD Bank continues to expand its capital base and strengthen its business through financial innovation. By the end of June 2017, the Bank had total assets of RMB 5.92 trillion. By now, the Bank operates a national network of 41 branches and over 1,800 banking outlets across China, and the number of employees has exceeded 52,000. In recent years, SPD Bank has sped up its business internationalization and integration. It has taken concrete steps to start global operation, which was symbolized by the establishment of Hong Kong Branch, Singapore Branch, London Representative Office and SPDB International Holdings Ltd. The establishment of SPD Rural Banks, SPDB Financial Leasing Co., Ltd. and SPD Silicon Valley Bank, including its successful acquisition of Shanghai International Trust Co., Ltd. were the milestones on the Bank’s journey to become a financial group with comprehensive business.
Since its public listing on the stock market, SPD Bank has been ranked among Top 100 Listed Companies in China by Asia Weekly for several consecutive years. In February 2017, SPD Bank ranked 18th on the list of “Top 500 Banking Brands” released by the British magazine The Banker, with brand value of USD 11,963 million, being the 6th among Chinese banks; In May, SPD Bank ranked 64th on the list of Forbes Global 2000, being 13th among the Chinese companies and 9th among the Chinese banks; In June, the British magazine The Banker released the ranking report of “Top 1000 World Banks 2017”. SPD Bank took 27th place on the list in terms of Tier 1 capital, being 8th among the Chinese banks; In July, SPD Bank ranked 245th on the list of Fortune Global 500, being 54th among Chinese companies and 8th among Chinese banks, demonstrating a sound competitiveness. Meanwhile, SPD Bank is one of the few domestic joint-stock commercial banks rated investment grade by each of the “Big Three” credit rating agencies. Fitch Ratings upgraded SPD Bank’s Long-Term Issuer Default Rating to BBB. Standard & Poor's Ratings Services affirmed its issuer credit ratings of at BBB (long-term) and A-2 (short-term). Moody's Investors Service assigned deposit ratings of Baa2 (long-term) and Prime-2 (short-term) to the Bank. All rating outlooks were stable. The ratings reflected the Bank's consistent execution of its business strategy and solid financial performance over the past few years.
As a dedicated financial service provider, SPD Bank is also committed to corporate citizenship and fulfilling social responsibilities. In 2017, SPD Bank received several awards granted by China Banking Association, such as “Excellent Charity Project of the Year”, “Best CSR Green Finance of the Year” and “Best Outlet for Special CSR Contribution of the Year”.
SPD Bank continues to drive its business innovation in response to changes in market conditions and opportunities. Setting out on a new journey, the Bank will hold on to the faith of “new thinking and heartfelt service”, maneuver through the rising and falling financial tides, and comprehensively enhance its integrated financial service capabilities, growing itself into a high-performance full-service bank group.