There is no Shanghai Pudong Development Bank in Baoshan City
Shanghai Pudong Development Bank Co., Ltd. (hereinafter referred to as: Pudong Development Bank) was established on August 28, 1992 with the approval of the People's Bank of China. It is a state-controlled national joint-stock commercial bank that opened on September 9 and was listed on the Shanghai Stock Exchange in 1999 (stock trading code: 600000). Its head office is located in Shanghai. Adhering to the business philosophy of "adhering to integrity and creating excellence", Shanghai Pudong Development Bank actively explores financial innovation, continues to expand its asset scale, and continuously enhances its operating strength. At the end of December 2010, the company's total assets reached 2.1621 billion yuan, the balance of domestic and foreign currency loans was 1.1465 billion yuan, the balance of various deposits was 1.6387 billion yuan, and the after-tax profit was 19.076 billion yuan. Shanghai Pudong Development Bank will continue to promote financial innovation and strive to become a modern financial services enterprise with core competitive advantages. Since its listing, Shanghai Pudong Development Bank has been rated as one of the "Top 100 Listed Companies in China" by Asia Weekly and one of the "Top 500 Chinese Brands" by the China Brand Value Research Institute for many years in a row.
In 2015, Shanghai Pudong Development Bank’s asset size and operating income both achieved double-digit growth. Among them, the asset size increased by 20.19% from the end of 2014 to 5.04 trillion yuan; operating income was 146.543 billion yuan, a year-on-year increase of 18.97%. In terms of the widely watched non-performing loan ratio, Shanghai Pudong Development Bank's non-performing loan ratio at the end of 2015 was 1.56, an increase of 0.5 percentage points from the beginning of the year. The overall asset quality is good and it maintains a strong ability to resist risks.