Jiangsu Suzhou Rural Commercial Bank Co.,Ltd (China)

Jiangsu Suzhou Rural Commercial Bank Co., Ltd is a local financial institution headquartered in Wujiang District, Suzhou City. It has a registered capital of 1.803 billion yuan and operates 94 branches. As of the end of 2022, the bank's total assets reached 229.4 billion yuan (including on-balance sheet assets of 180.8 billion yuan), with total deposits of 139.8 billion yuan and total loans of 109 billion yuan. It holds a leading market share in the deposit and loan market in Wujiang District, with shares of 28% and 15% respectively. The bank achieved operating income of 4 billion yuan, net profit of 1.5 billion yuan, and a non-performing loan ratio of 0.95%. In 2022, it paid 550 million yuan in taxes and was recognized as one of the top ten taxpayers in Wujiang District. It has been named the leading enterprise in the productive service industry in Suzhou for two consecutive years. Jiangsu Suzhou Rural Commercial Bank is a pioneer in rural financial reform. It became independent from the Agricultural Bank in 1996 and was restructured to form Wujiang Rural Commercial Bank in 2004. It was the fourth rural commercial bank established in China and the first one approved to operate under the new regulatory framework after the establishment of the China Banking Regulatory Commission. Since 2007, it has expanded its operations to areas outside Suzhou, establishing one branch and thirteen sub-branches. It has also initiated the establishment of two rural banks in Jiangsu Sheyang, Dongtai, Rugao, and Qidong. The bank went public on the Shanghai Stock Exchange in 2016, becoming the fourth rural commercial bank to be listed on the A-share market. It changed its name to Jiangsu Suzhou Rural Commercial Bank in 2019 and officially opened its new headquarters in Dongtaihu in 2022. Since the second half of 2020, the bank has set two major goals: to become a benchmark bank leading the industry and recognized by society, and to create a happy bank where employees can achieve more. It has embarked on a new chapter of high-quality development. In 2023, the bank will firmly grasp the spirit of the 20th National Congress of the Communist Party of China, implement the decisions of the Central Economic Work Conference, and strictly follow the work requirements of the municipal and district governments and regulatory authorities. It will safeguard the bottom line of risks, actively reform and innovate, coordinate development and security, and strive to build "three banks" with the spirit of "daring to take risks". The bank aims to achieve outstanding results as the "examinee" of the new era.