Capital bank (China) Limited
Capital bank and trust company, capital bank for short, was established in the early 1960s and officially opened on September 5, 1962. The capital bank is headquartered in the capital bank building in Makati, Manila's financial center. Mr. Zheng Shaojian is the chairman and one of the founders of the bank.
After years of operation, capital bank has become a large banking group mainly composed of commercial banks, including savings banks, investment banks, finance companies, securities companies, credit card companies, exchange companies, insurance companies, leasing companies, automobile manufacturing companies (the largest automobile manufacturing company in the Philippines jointly invested with Toyota), tourism companies, etc. By 2009, the bank had more than 800 subsidiaries and 8000 employees worldwide. Over the past 50 years, the small and medium-sized business of capital bank has been developed successfully, and bad debts have been controlled within the scope of supervision. In 2009, capital bank group maintained a 35% profit growth rate.
Capital bank (China) Limited
Since the establishment of representative offices in Shanghai and Beijing in 1992 and 1994, the capital bank has been paying great attention to China's economic and social development. Every year, the head office of the capital bank sends senior executives to visit China many times, meeting people from all walks of life in China, inspecting China's economic development, opening branches and other investment opportunities in China. The purpose of capital bank is not only to pay attention to the economic benefits of bank operation, but also to the social benefits of enterprise activities. Therefore, while focusing on the bank's operating results, improving corporate culture and enhancing competitiveness, capital bank has been committed to various social and public welfare activities. Since 1994, through the Ministry of education, the Ministry of foreign affairs, the Ministry of civil affairs of China and the hope foundation of the United States, the capital bank foundation has made donations to Chinese universities, primary schools in poor areas, flood stricken areas and Shanghai Children's medical center. Among them, the program of awarding scholarships to 300 outstanding students from 30 key universities in China through the Ministry of education has been followed for five years. In addition, the capital bank has fully funded 10 graduate students from Beijing, Shanghai, Fujian and other places to study for MBA in the Asian School of management in Manila. Through these activities, the capital bank has made its own contribution to promoting China's social development and the friendship between the people of China and the Philippines. on April 22, 2010, the head office and Nanjing Branch of capital bank (China) Co., Ltd., the first foreign-funded legal person bank in Jiangsu Province, were officially established. The Nanjing Branch of Hexi Olympic Sports welcomed the first batch of small and medium-sized enterprise customers in the Yangtze River Delta. Today, it has become the first foreign bank to set its corporate bank headquarters in Jiangsu Province. In addition, the capital bank (China) has inherited the property, rights and obligations of the former Shanghai branch and the former Shanghai Pudong branch, with a registered capital of 1.3 billion yuan or its equivalent in freely convertible currency. according to the consensus reached, in the next three years, capital bank (China) will set up 15 key branches with Nanjing as its headquarters, Jiangsu as its base and Yangtze River Delta as its center, including 10 in the Yangtze River Delta and 6 in Jiangsu.
Achievements and Awards
among the top 500 banks in Asia in terms of assets published by Asia Week magazine in September 2001, capital bank ranked 178, the top 50 in Southeast Asia ranked 18, and the top 10 in the Philippines ranked first. In terms of credit rating, Moody's long-term investment rating in May 2001 was Ba2, short-term investment rating was NP, and financial structure strength was D. In February 2001, the Far Eastern Economic Review awarded the capital bank the title of "one of the best companies in Asia", ranking seventh in Asia in terms of overall review and fourth in terms of financial stability. In March 2001, the Consumers Union of the Philippines selected the capital bank as the "best commercial bank" for the fourth time. In May 2001, capital bank was named one of the "best management companies in Asia" by Finance Asia. Capital bank was also awarded the "best quality management and operational efficiency award of Asian banks in 2000" by the Asian Bankers Association.
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