Bank Of Hangzhou Co., Ltd. (China)

Bank of Hangzhou Co., Ltd. is a bank headquartered in Hangzhou, China. It was established in September 1996 and currently operates over 200 branches, with a presence in developed economic regions such as the Yangtze River Delta, the Pearl River Delta, and the Bohai Bay area. The bank has also established subsidiaries, including Hangzhou Bank Wealth Management Co., Ltd., Hangzhou Bank Consumer Finance Co., Ltd., and has invested in Shizuishan Bank Co., Ltd. On October 27, 2016, the bank successfully listed its A-shares on the Shanghai Stock Exchange with the stock code 600926. Bank of Hangzhou has positioned itself as a leading bank in China, adhering to the core values of integrity, innovation, efficiency, respect, and responsibility. It focuses on serving the regional economy, small and medium-sized enterprises, and urban and rural residents. Over the years, the bank has achieved good asset quality, excellent operating performance, and comprehensive strength, ranking among the top city commercial banks in China. As of the end of 2022, Bank of Hangzhou's total assets reached CNY 1,616.538 billion, a 16.25% increase compared to the previous year. It achieved operating income of CNY 32.932 billion, a year-on-year growth of 12.16%, and a net profit attributable to shareholders of the listed company of CNY 11.679 billion, a 26.11% increase. In the 2022 Global Bank 1000 ranking published by The Banker magazine, the bank ranked 130th in terms of Tier 1 capital. In recent years, Bank of Hangzhou has focused on national macro policies, serving the real economy, and promoting inclusive finance. It has actively promoted large-scale retail transformation, corporate financial system construction, and enhanced professional capabilities in financial markets and asset management. The bank has achieved good business performance and has been recognized with honors such as "Most Competitive Small and Medium-sized Bank," "Best Inclusive Finance Achievement Award," "Outstanding Contribution Award for Zhejiang Province Financing Smooth Project," and "Best Technology Financial Service City Commercial Bank." Currently, Bank of Hangzhou is focusing on its "2255" strategy, aiming to achieve two-dimensional goals through two transformations. It is also enhancing its five major business focuses and core capabilities to continuously build differentiated competitive advantages.