The 2021 results of the A-share Jiangsu, Zhejiang and Shanghai commercial banks have all been announced. Among them, the total assets of Bank of Shanghai and Bank of Jiangsu have exceeded 2.6 trillion yuan. Bank of Ningbo has passed the 2 trillion yuan mark for the first time. Bank of Shanghai has an asset advantage of more than 30 billion yuan.

Continue to lead the Jiangsu, Zhejiang and Shanghai commercial banks.

The annual report shows that Bank of Shanghai achieved operating income of 56.230 billion yuan and net profit of 22.042 billion yuan throughout the year, a year-on-year increase of 10.81% and 5.54% respectively.

Compared with the above two banks, the bank's net profit exceeded Bank of Jiangsu and Bank of Ningbo, but its operating income was exceeded by Bank of Jiangsu by 7.5 billion yuan.

As of the end of 2021, Bank of Shanghai *** has 13,661 employees (including labor dispatch personnel), including 13,202 employees in the parent company and 459 employees in subsidiaries, an increase of 296 employees from 13,365 employees in 2020, and the annual employee growth rate is 2.21%.

According to the nature of business, wholesale financial business and retail financial business have the largest number of people, with 2,799 and 2,717 people respectively, followed by management support and other personnel, with a total of 2,032 people.

In terms of employee education level, 11,251 employees of the parent company have a bachelor's degree or above, accounting for 85.22%, followed by 1,951 employees who have a college degree or below.

Bank of Shanghai stated that employees with college, technical secondary school and below education levels are mainly labor dispatch personnel.

According to the annual report, the total salary expenditure of all employees of Bank of Shanghai in 2021 (including basic salary, allowances, and performance bonuses) is 5.244 billion yuan. Based on this calculation, the average annual salary of the bank’s employees is 383,900 yuan, which is equivalent to an average monthly salary of 32,000 yuan.

In 2020, the total salary of all employees of the bank was 4.809 billion yuan, and the average annual salary was 359,800 yuan, which means that the average salary increase of employees in 2021 is 6.7%.

Among them, there are 3,526 employees in other positions that have an important impact on risks other than directors, supervisors and senior management personnel of the bank, with total salary expenditures of 1.977 billion yuan, equivalent to an annual salary of 560,700 yuan, a slight increase of 1.25% from 2020.

According to the Bank of Shanghai, the bank's employee remuneration consists of basic salary, allowances, performance bonuses and benefits. Fixed salaries such as basic salary and allowances account for no more than 35% of the total salary. The allocation of salary resources is value-oriented and performance-oriented.

principles to ensure that employees’ total annual cash income matches their value creation contribution and actual performance.

At the same time, Bank of Shanghai has implemented a deferred payment system for performance-based remuneration for some employees in important positions to improve the accountability and recourse mechanism for long-term risks and match the remuneration deferral with the risk deferral period.

The bank's total performance remuneration rebate in 2021 is 8.7502 million yuan.

The annual report also disclosed the remuneration of directors, senior management and supervisors. The final remuneration of executive directors, chairman of the board of supervisors and senior managers still needs to be confirmed by the competent authorities, so it is of little reference significance. Among the disclosed personnel, the highest remunerations are Lin Liqun and Zhang Lei.

The total pre-tax remuneration received by employee supervisors from the company was 3.8202 million yuan and 3.0141 million yuan respectively.

Public information shows that the Bank of Shanghai was founded in 1995 on the basis of the original 98 urban credit cooperatives in Shanghai and the Shanghai Urban Credit Cooperative Association. It was successfully listed on the main board of the Shanghai Stock Exchange in 2016 and ranked among the top 1000 global banks in 2021.

, ranking 67th in terms of Tier 1 capital.