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A Brief Introduction to Shanghai Pudong Development Bank

A nationwide joint-stock commercial bank founded on August 28, 1992, Shanghai Pudong Development Bank (known as SPD Bank for short) went listed in Shanghai Stock Exchange in 1999 (stock code: 600000). At present, SPD Bank’s registered capital stands at RMB 18.653 billion yuan. SPD Bank has earned respect and good fame in the domestic stock market on account of its outstanding performance and trustworthiness.

Holding on to the motto of “sticking to integrity and striving for excellence”, the bank has continuously developed its various businesses and enhanced its overall competence. By the end of 2013, its total assets stood at RMB 3.6801 trillion yuan, outstanding balance of loans being RMB 1.7675 trillion yuan and outstanding balance of deposits being RMB 2.4197 trillion yuan, and it had earned a net profit of 40.9 billion yuan for its shareholders. A nationwide commercial bank has taken shape with 39 branches across the country except in Ningxia and Tibet. In recent years, the bank has speeded up its development into a more internationalized and comprehensive group. The opening of Hong Kong Branch and London Representative Office marked concrete steps forward in internationalization, and the establishments of SPD Rural Banks, SPDB Financial Leasing Co., Ltd. and SPD Silicon Valley Bank are the milestones on the bank’s way to become a group with comprehensive businesses.

Since its public listing at the stock market, SPD Bank has been rated among Top 100 Listed Companies in China by Asia Weekly for a number of consecutive years. According to Moody’s credit-standing ranking report for SPD Bank in August 2012, the rating for SPD Bank's long-term deposit in local and foreign currencies was Baa3 and the rating for its short-term deposit in local and foreign currencies was Prime-3. The bank’s financial strength rating maintained at D (baseline credit assessment being Ba2). The outlook on all rankings was stable. The report reflected Moody’s recognition of SPD Bank’s future growth and anti-risk strength. In April 2013, SPD Bank ranked No.125 on Forbes Global 2000 Leading Companies, being No.13 among the Chinese companies and No.8 among the Chinese banks on the list. In June 2013, Standard & Poor's Ratings Services assigned its 'BBB+' long-term and 'A-2' short-term issuer credit ratings on SPD Bank. The outlook on the long-term rating was stable. S&P also assigned its 'cnA+' long-term and 'cnA-1' short-term Greater China regional scale ratings to the bank. In July 2013, SPD Bank was ranked in terms of Tier 1 capital No.53 among Top 1000 World Banks and No.8 among Chinese banks by the British Banker magazine. Also in July 2013, SPD Bank, for the first time, became a member of the Fortune 500, ranking the 460th. In October 2013, with a brand value of 14.791 billion yuan, SPD Bank was ranked the 15th on the list of China’s Best Brand Value 2013, 2nd among joint-stock banks, demonstrating a sound competitiveness.

A dedicated financial service provider, SPD Bank is also a committed and active corporate citizen. In July 2012, on the list of the top 10 mainland listed companies according to Hang Seng (China A) Corporate Sustainability Index released by Reputex, the bank was ranked No. 3 and its sustainability rating was A. In June 2013, SPD Bank was awarded by China Banking Association Best CSR Contribution in Public Charity of the Year, Best CSR Contribution by Branches of the Year and Outstanding Public Charity Project Award. In March 2014, in the Fifth CSR Reports Ranking of A-share Companies co-released by Rankins CSR Ratings and Ernst & Young, SPD Bank ranks No.7 with an AA rating, being No.1 among joint-stock banks.

SPD Bank is committed to continuous innovation and improvement in financial service. 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 modernized financial service provider with distinct core competence.