Reliable, Industrial Bank is a national state-owned joint-stock commercial bank founded in 1908. It is one of the six largest banks in China, one of the oldest banks in China, and one of the note-issuing banks in modern China.

Industrial Bank is one of China's major financial service providers. The group's business scope covers commercial banking, securities, trusts, financial leasing, fund management, insurance, offshore financial services, etc.

Legal basis 1. Article 71 of my country's Banking Law states that if a commercial bank cannot pay its due debts, the People's Court shall declare it bankrupt with the consent of the banking regulatory agency of the State Council.

2. Bank bankruptcy needs to meet three conditions at the same time: the commercial bank is insolvent; the banking regulatory department reviews and approves; the people's court declares bankruptcy.

Current national policy also allows banks to fail.

Nowadays, the bank insurance system has also been established, and bank deposits below 500,000 can be fully compensated. This amount covers more than 99.5% of accounts.

What happens to depositors' deposits after the bank goes bankrupt?

According to the "Deposit Insurance Regulations" on deposits: after a bank goes bankrupt, deposit insurance can implement limited reimbursement, and the maximum reimbursement limit is RMB 500,000.

That is to say, after the bank goes bankrupt, depositors can receive up to 500,000 yuan in compensation (interest + principal).

According to regulations, the portion exceeding 500,000 yuan will be paid in proportion after the bank goes bankrupt and liquidates.

What happens to depositors' loans after the bank goes bankrupt?

Even if the bank goes bankrupt, the loan must be repaid on time and not a penny less.

The reason is simple, because it is natural to pay back debts.

If you refuse to repay, it will not only affect your personal credit score, but in serious cases, you may be sued in court.

Therefore, even if the bank goes bankrupt, the depositors' loans from the bank must be repaid normally.

Industrial Bank has established 108 branches and 1,435 branches in major cities across the country; it owns subsidiaries such as Industrial International Trust, Industrial Financial Leasing, Industrial Funds, Industrial Consumer Finance, Industrial Wealth and Industrial Guosen Asset Management, forming a bank-based structure.

, a modern financial services group covering trust, leasing, funds, securities, consumer finance, futures, asset management, etc.

As China's first "Equator Bank", Industrial Bank has always adhered to the "scientific and sustainable" development concept, operated in a legal, prudent and civilized manner, taking into account the interests of shareholders, customers, banks, employees and the social environment, and actively practiced

Corporate social responsibility is widely recognized and praised by all walks of life at home and abroad.

According to the latest ranking of the world's top 1,000 banks in 2014 by the British "Banker" magazine, Industrial Bank ranked 49th in terms of tier one capital and 43rd in terms of total assets, firmly ranking among the top 50 banks in the world; according to the US "Fortune"

In the 2014 ranking of the world's top 500 companies, Industrial Bank ranked 338th, an increase of 90 places from last year, ranking first among banks; according to the 2014 ranking of the top 2000 global listed companies released by the US "Forbes", comprehensive

Ranked 129th, becoming one of the companies with the fastest improvement in ranking during the same period.

In 2018, it ranked 237th on the Fortune Global 500 list.