In the “2009 Asian Banker Leadership Achievement Awards” recently held by renowned finance magazine The Asian Banker , the Industrial Bank was granted the “The Asian Banker Achievement Award for Payment Services to Banks and Corporates in China” owing to its outstanding work in inter-bank cooperation.
Founded in 2001, the “Asian Banker Leadership Achievement Awards” are a long standing group of accolades in the financial sector that are widely recognized in the Asia Pacific and the Gulf Regions. The awards have become one of the most renowned and authoritative appraisals in Asia 's banking industry.
The Industrial Bank was the recipient of the “The Asian Banker Achievement Award for Payment Services to Banks and Corporates in China” in this year's appraisal. This demonstrates that the bank's “Bank-Bank Platform” has established a unique edge in the industry.
The Industrial Bank launched its “Bank-Bank Platform” services in an innovative act in 2005. Since then, the platform has developed into a comprehensive solution for financial services that covers eight major areas, namely: payment and settlement, wealth management, technology management output, capital and assets/liabilities structure optimization, capital operation, foreign exchange agency, financing services and comprehensive training. Through these services, the Industrial Bank has established deep cooperative ties with a large number of city commercial banks and rural credit unions. By the end of 2008, the number of banks linked to the Industrial Bank via the platform was 138. The number of banks that have realized Guimiantong service link-up with the bank was 39, comprising a network of almost 10,000 banking outlets, the number of banks with direct link-up was 104, the number offering repayment of funds owed by credit card holders by the bank was 15, the number offering commissioned sale of personal financing products was 15, the number offering fund transfer and cashing was 4. In addition, the Industrial Bank is providing agency services for 4 banks for access to modern payment systems. In 2008, the amount of funds settled on the Bank-Bank Platform was RMB 154.6 billion.
he Industrial Bank is committed to becoming “a professional banking service provider for small and medium-sized financial institutions”. Through the “Bank-Bank Platform”, the Industrial Bank shares the experiences, concepts, technologies, culture and products that is has accumulated over the years with the banks that it cooperates with. This is a mutually beneficial mode of cooperation, as it helps these banks to modernize and allows both parties to benefit from the strengths and advantages of the other. Moreover, by sharing channels and technological resources, the Industrial Bank has provided bankers with greater service convenience at outlets and a higher quality of banking services. This mode has become an important means by which the bank fulfills its social responsibilitie.