11 village Yinzhou Bank Branches established

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Category: Ningbo Business

Published: Tuesday, 02 October 2012 15:05

The Development Research Center of the State Council recently has published a series of special research reports on the development pattern of Yinzhou Bank.

The series report, with the title of "New environment and development strategies of small and medium-sized banks: a case study of Yinzhou bank", made an in-depth analysis of the development concept of "benefit sharing and win-win cooperation" and its contribution to the competitive strength of the bank. Five points are listed as revelations from the development of Yinzhou Bank: seeking after regional expansion on the basis of the local development, improving the standard of professional services with the strategy of careful advancement and comprehensive development, strengthening the construction of corporate culture and creating healthy and positive corporate culture, promoting the innovations on products and mechanism and reducing reliance on interest margins, and accelerating technology upgrading, improving operation efficiency and reducing operation costs.   

In recent years, by means of independent launching and strategic investment, Yinzhou Bank established 11 village branches in Guangxi, Xinjiang, Sichuan, Anhui, Hebei and Zhejiang. It is estimated that there will by 24 branches by the end of this year and the bank will strategically invest in six small and medium-sized financial institutions.