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Public company info - Bank of Gansu Co. Ltd.- H Share , 02139.HK
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Bank of Gansu Co. Ltd.- H Share, 02139.HK - Company Profile
Chairman LIU Qing
Share Issued (share) 3,794,000,000
Par Currency Renminbi
Par Value 1.0
Industry Banks
Corporate Profile Business Summary: The group is the only provincial city commercial bank in Gansu province, China. Performance for the year: The Bank recorded a total operating income of RMB7,233.3 million in 2019, representing a decrease of 18.5% as compared to RMB8,872.2 million in 2018. The Bank’s net profit decreased by 85.1% from RMB3,439.6 million in 2018 to RMB511.3 million in 2019. Business Review： (a) Corporate banking The Bank offers corporate customers a broad range of financial products and services, including loans, discounted bills, deposits and fee and commission-based products and services. The Bank's corporate customers primarily include government agencies, public organizations, SOEs, private enterprises and foreign-invested enterprises. The Bank is committed to serving local customers with a focus on small and micro enterprises. (A) Wealth management services The Bank offers corporate customers a broad range of wealth management products based on their risk and return preferences. The Bank invests funds from these wealth management products primarily in bonds, interbank deposits, money market instruments and other fixed income products portfolio. (B) Entrusted loans The Bank provides loans to borrowers designated by corporate customers, who determine the use of proceeds, principal amount and interest rates for these loans. The Bank monitors the use of entrusted loans by borrowers and assists corporate customers in recovering these loans. (C) Settlement services The Bank offers corporate customers domestic and international settlement services. (D) Consultation and financial advisory services The Bank structures financial solutions and offers advisory services with respect to the economy, financial markets and industry trends for corporate customers. There were no business occurred during 2018 and 2019. (E) Other fee and commission-based products and services The Bank offers other fee and commission-based products and services to corporate customers, such as guarantee and foreign exchange services. (b) Retail banking The Bank offers retail customers a wide range of financial products and services, including loans, deposits, bank card services and fee and commission-based products and services. The Bank has a large retail customer base. (A) Debit cards The Bank issues debit cards denominated in Renminbi to retail customers holding deposit accounts with it. Customers may use debit cards for a variety of purposes, such as cash deposits and withdrawals, transfers, payments, settlements, consumption, bill payments, financing and wealth management. The Bank provides cardholders with differentiated services by classifying debit cards into basic cards, gold cards, platinum cards and diamond cards based on a Bank cardholder’s deposit balances. (B) Credit cards On the basis of a thorough investigation of the market, the Bank integrated and upgraded the credit card system using leading financial technology and big data and officially issued credit cards with a certain credit limit to the public on November 11, 2019. Cardholders can consume by the card within the line first and then make payment to the Bank, and are entitled to financial services such as consumer credit, cash deposit and withdrawal and settlement by transfer of account. Credit cards issued by the Bank are classified into general cards, gold cards, platinum cards and diamond cards according to different credit ratings. (C) POS settlement services As a payment settlement service provider, the Bank provides selected merchants with transaction fund settlement services. As of December 31, 2019, the Bank had 117,042 selected merchant customers for POS settlement services and 118,713 POS terminals. (c) Financial market operations The Bank's financial market operations primarily include money market transactions, investment business and investment in interbank wealth management products, are one of its most important revenue sources. In 2019 and 2018, operating income from financial market operations accounted for 33.7% and 31.0% of its total operating income, respectively. The table below sets forth the financial performance of the Bank’s treasury operations for the periods indicated. (d) Distribution network (i) Physical outlets As of December 31, 2019, the Bank had 1 head office operational department, 12 branches, 190 sub-branches, 5 micro-tosmall sub-branches and 2 community sub-branches. The Bank branch network covered all of Gansu’s cities and prefectures and approximately 93% of its counties and districts. (ii) Electronic banking business (A) Internet banking (B) Direct banking platform (C) Mobile phone banking (D) Telephone banking (E) Self-service banking (F) WeChat banking (G) E-commerce platform Prospects: The Group’s vision is committed to building ourselves into a first class listed urban commercial bank. To this end, the Bank will adhere to the principle of customer-oriented business operation based on sustainable high-quality development, focus on business safety with risk prevention and compliance management, guarantee business growth through refined management and professional capability enhancement and consider serving the real economy as its mission. The Group will make steady progress and uphold traditional values to lay a solid foundation for development and insist on the quality first while prioritizing economic benefits and set off on a path that leads to “differentiated, refined and professional” development. To achieve the aforesaid goals, the Bank plans to: (i) advance internal reforms to optimize organizational structure and enhance the corporate governance standards and fundamental management capability of the Bank; (ii) fully leverage domestic and overseas capital markets to expand capital replenishment channels and secure continuous capital replenishment; (iii) adapt to new norms for economy and regulation, hold onto the bottom line of risks and effectively strengthen quality control of assets; (iv) develop mega retail business system to ensure the implementation of the retail transformation strategy; (v) improve wholesale business service systems to lay a solid foundation for business growth; (vi) promote the application of Fintech and cross-sector cooperation and take the mobile end as a priority to expand its service coverage; (vii) optimize its business and management process and improve refined management standards towards the direction of building a refined management system; and (viii) adhere to talent cultivation with continuous promotion in team cohesion and comprehensive ability.

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