Industrial Bank Financial Leasing Co., Ltd. Achieved Outstanding Results on Its First Anniversary
On September 1, Industrial Bank Financial Leasing Co., Ltd.(the Company) welcomed its first anniversary since the start of business. The Company is a national financial leasing company solely established by Industrial Bank Co., Ltd.(stock code: 601166) with the approval of China Banking Regulatory Commission (CBRC). The company was open for business on September 1,2010, with registered capital of RMB 2 billion.
Since opening a year ago, the Company, relying on the advantages of the customer base, market brand, organizational network, risk control, etc., of its shareholder, IB, undertook practical innovations and kept forging ahead based on the market strategy of “differentiated competition, refined marketing, specialized management, and intensive development”, witnessing stable and healthy business development. By August 2011, the Company had total assets amounting to RMB 23.7 billion and a rent recovery rate of 100%, and its market reputation and competitiveness is improving continuously.
Since opening a year ago, the Company, following the “specialized, normalized and market-oriented” management principle and starting from market demand, vigorously developed its financial leasing businesses in the fields of energy conservation and emissions reduction, finance and modern services, transportation, energy and telecommunications, metals mining, industrial equipment, and engineering machinery, and more, and provided superior financial leasing services to customers, winning high opinions from them. During the development of the business, the Company adhered to the IB green finance concept and attached great importance to the leasing of energy-saving and emission-reducing equipment. By August 2011, the Company granted nearly RMB 8 billion in energy-conserving and emission-reducing projects in total, which involved aspects such as sewage treatment, eliminating outdated production capacity, clean energy, and environmental governance and more, winning desired economic and social benefits and preliminarily establishing the market brand of green leasing.
Since opening a year ago, the Company kept improving its internal management mechanism and formed its business characteristics, realizing the coordinated development in terms of scale, benefits and quality. The smooth operation of the Company gained vigorous support from its shareholder. In July 2011, the seventh Board of Directors of IB deliberated and approved the proposal to increase the capital in the Company at its fifth session. Over the coming two years, IB will increase the capital by RMB 3 billion. The increase of registered capital will provide more room for the development of the Company. In the future, the Company will take “a first-class company, long-lasting IB” as the objective, and continue to adhere to the philosophy of “rational management, scientific development, practical innovation and searching for excellence”, and make great efforts to build a top-level financial leasing company in China featuring “standardized management, steady operations, prominent primary business, distinctive features, first-class quality, and high profits”, and by providing sincere services to seek common prosperity, it will provide superior financial services to customers and make due contributions to the fast and sound development of the Chinese leasing industry.