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 registered capital currently 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 March 2015, the Bank had total assets of RMB 4.2553 trillion, total loans of RMB 2.0843 trillion, total deposits of RMB 2.7874 trillion, and net profit attributable to shareholders of RMB 11.194 billion. By now, the Bank operates a national network of 40 direct branches and over 1,295 banking outlets across China, and the number of employees has exceeded 42,000. 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 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, The British magazine The Banker released the ranking report of “Top 500 Banking Brands 2015”. SPD Bank was No.58 on the list with brand value of USD 4,032 million, ranking top 10 among Chinese banks. In May 2015, SPD Bank ranked No.84 among the Forbes Global 2000 Leading Companies, being No.15 among the Chinese companies and No.9 among the Chinese banks on the list. In June 2015, The British magazine The Banker released the ranking report of “Top World 1000 Banks 2015”. SPD Bank was No.35 on the list in terms of Tier 1 capital, ranking No.8 among the Chinese banks. Also in June 2015, SPD Bank was ranked No.17 on the list of “Best China Brands 2015” released by Interbrand, with brand value of RMB 17,208 million, taking 2nd place among domestic joint-stock commercial banks. 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. In July 2014, SPD Bank, for the first time, became a member of the Fortune 500, ranking 383th on the list, 81th among Chinese companies and 9th among Chinese banks, demonstrating a sound competitiveness. 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 December 2014, the Bank won the honor for “Best Shareholder Return Performance” in 2014 China’s Best Corporate Citizen Ranking, and it also received the prize of “Best CSR Report” in 2014 China’s Bank Corporate Transparency Rating at the same time. 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. 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.
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.