Shanghai Pudong Development Bank (known as SPD Bank for short), founded on August 28, 1992 with the approval of People’s Bank of China and opened since January 9, 1993, is a nationwide joint-stock commercial bank listed in 1999 on the Shanghai Stock Exchange (Stock Code: 600000). Based in Shanghai, the Bank’s current registered capital stands at RMB 18.653 billion. SPD Bank is highly regarded within China’s security market thanks to its outstanding performance and business integrity.
By adhering to the core value of “sticking to integrity and striving for excellence”, SPD Bank continues to expand its capital base and strengthen its business through financial innovation. By the end of September 2015, the Bank had total assets of RMB 4.8226 trillion, total loans of RMB 2.1879 trillion, total deposits of RMB 3.0011 trillion, and its net profit attributable to shareholders reached RMB 37.162 billion in the third quarter of 2015. By now, the Bank operates a national network of 40 branches and over 1,300 banking outlets across China, and the number of employees has exceeded 43,000. In recent years, SPD Bank has sped up its business internationalization and integration. It has taken concrete steps to start global operation, which was symbolized by the establishment of Hong Kong Branch, London Representative Office and SPDB International Holdings Ltd. The establishment of SPD Rural Banks, SPDB Financial Leasing Co., Ltd. and SPD Silicon Valley Bank were the milestones on the Bank’s journey to become a financial group with comprehensive business.
Since its public listing on the stock market, SPD Bank has been ranked among Top 100 Listed Companies in China by Asia Weekly for several consecutive years. In February 2015, SPD Bank ranked 58th on the list of “Top 500 Banking Brands 2015” released by the British magazine The Banker, with brand value of USD 4,032 million, being the 10th among Chinese banks. In May 2015, SPD Bank ranked 84th on the list of Forbes Global 2000, being 15th among the Chinese companies and 9th among the Chinese banks. In June 2015, The British magazine The Banker released the ranking report of “Top World 1000 Banks 2015”. SPD Bank took 35th place on the list in terms of Tier 1 capital, being 8th among the Chinese banks. Also in June 2015, SPD Bank ranked 17th on the list of “Best China Brands 2015” released by Interbrand, with brand value of RMB 17,208 million, being 2nd among domestic joint-stock commercial banks. In July 2015, SPD Bank ranked 296th on the list of Fortune Global 500, being 59th among Chinese companies and 9th among Chinese banks, demonstrating a sound competitiveness. In November 2015, Fitch Ratings upgraded the Long-Term Foreign-Currency Issuer Default Rating (IDR) of SPDB Bank to 'BBB-' and Support Rating (SR) to '2'. In June 2014, Standard & Poor's Ratings Services assigned its 'BBB+' long-term and 'A-2' short-term credit ratings, as well as its 'cnA+' long-term and 'cnA-1' short-term Greater China regional scale ratings on SPD Bank. According to Moody’s Credit Ratings for SPD Bank issued in December 2014, Moody's Investors Service upgraded SPD Bank’s long-term deposit ratings to Baa1 from Baa3, and its short-term deposit ratings to Prime-2 from Prime-3. At the same time, Moody's raised SPDB's standalone bank financial strength rating (BFSR) / baseline credit assessment (BCA) to D+ / ba1 from D / ba2. The outlook on all the ratings was stable. The upgrade of SPDB's ratings reflected the Bank's consistent execution of its business strategy and solid financial performance over the past few years.
As a dedicated financial service provider, SPD Bank is also committed to corporate citizenship and fulfilling social responsibilities. In June 2015, SPD Bank was awarded “Best CSR Financial Institution of the Year” by China Banking Association. In November 2015, the Bank won the “Best CSR Report Award” in 2015 China’s Corporate Transparency Rating. In December 2014, according to the latest CSR Reports Ranking of A-share Companies released by Rankins CSR Ratings, SPD Bank was rated AA with a Positive Outlook.
SPD Bank continues to drive its business innovation in response to changes in market conditions and opportunities. Setting out on a new journey, the Bank will hold on to the faith of “new thinking and hearty service” and maneuver through the rising and falling financial tides, growing itself into a modern financial institution with distinct core competencies and competitive advantages.