Introduction
Nanjing Bank, founded in March of 1989, is one of the oldest banks in mainland China and has become one of the major commercial banks in the country. It has over one thousand branches and sub-branches throughout the nation, and a significant presence in key international financial hubs of Hong Kong, London, New York, Tokyo, and other major cities around the world.
Nanjing Bank offers a wide range of financial products and services such as deposits, loans, foreign exchange, wealth management, corporate finance, and card services. It has established the Credit Love brand, which is the first credit card product launched by a Chinese bank. It is also the first Chinese bank to launch a comprehensive and comprehensive information system featuring comprehensive corporate customers and e-banking services.
Nanjing Bank has a strong customer service network. It is an active participant in the Belt and Road Initiative, an initiative led by President Xi Jinping to create domestic and international networks to promote economic and cultural exchange between China and other countries. In this regard, the bank is widely engaged in the mutual development of foreign trade and foreign economic cooperation between China and over 140 countries on the Belt and Road.
Nanjing Bank is committed to the full utilization of technological advancements to provide its customers with convenient, faster, and more secure financial solutions. It has taken industry-leading measures to realize the digitization of its operating system, increase the financial inclusion of customers, and expand its service repertoire. As of 2020, the bank had over 180 million customers worldwide, of which about 20 million were registered on its digital platform. This platform provides a one-stop experience for customers, connecting them to a range of products, services, and even digital services.
Nanjing Banks strategy has enabled it to maintain a strong capital management system. It has also focused on risk management and has implemented a set of risk-control protocols, which are designed to ensure a secure and reliable financial system for its customers. In 2019, the bank earned a net profit of over 90 billion yuan (US$13 billion). This was due to its tight fiscal policies and prudent financial management.
In addition, Nanjing Bank has instituted a system of accountability to ensure that customers’ funds are kept safe and secure. The bank is committed to principles of sustainable finance and is a signatory of the United Nations Principles for Responsible Banking (UNPRB), an initiative to shift the banking industry toward a more sustainable, more responsible and transparent system by committing financial institutions to harmonize their business models with the Sustainable Development Goals.
As one of the biggest and most influential banking institutions in China, Nanjing Bank is continuing to strive for progress and new ways to improve the financial lives of their customers. With the use of advanced technologies, a wide range of connected products and services, and a commitment to sustainability, Nanjing Bank is a leader in providing reliable and convenient financial services to its customers.
Conclusion
Nanjing Bank is a leader in the banking industry in China, providing a wide range of services to over 180 million customers worldwide. It has been a key player in the Belt and Road Initiative, aiming to promote economic and cultural exchange between China and other countries. The bank has leveraged technology to create a digital banking platform, providing customers with a one-stop platform for their financial needs. Through responsible banking practices and a commitment to sustainability, Nanjing Bank ensures secure and reliable financial solutions for its customers.
