Recently, the result of “2013 Appraisal of Competitive Financial Institutions” was announced at the “11 th China Business Annual Meeting on Enterprise Competitiveness” held in Beijing. With its differentiated business features, excellent innovation in products and services, and leading position in the green finance, Industrial Bank (IB) won four prizes: “2013 Competitive Bank for Outstanding Supply Chain Financial Service”, “2013 Competitive Bank for Green Financial Service”, “2013 Competitive Bank for Personal Loans”, and “2013 Competitive Bank for the Development Potential in Private Banking”.
In the area of corporate banking, IB has won the prize of “Competitive Bank for Outstanding Supply Chain Financial Service” for 3 consecutive years. With all-course control and closed operation of supply china, the judging panel indicated, IB provided enterprises with a package of integrated financial services such as financing, settlement, foreign exchange risk-avoiding service, and cross-border RMB service, and individualized supply chain financial services, which are helpful for core enterprises and relevant upstream and downstream enterprises to complete transactions more smoothly and achieve win-win result.
In the area of retail banking, IB won the two honors, “Competitive Bank for Personal Loans”, and “Competitive Bank for the Development Potential in Private Banking”, at the same time. In 2013, the bank kept making innovation in the area of personal loan. It released the personal travel loan named “Suixingyou” (Interest-guided Tour), which initiated the travel financial service at home. Since its release in May, more than 150,000 customers have applied for the travel loan, and the loans granted have gone beyond more than RMB 7 billion. Meanwhile, it released the brand-new “retail credit plant” to build a centralized operation center for the retail credit products of the entire bank, significantly improving the efficiency for loan handling.
It is said that China Business Annual Meeting on Enterprise Competitiveness was launched in 2003 under the joint sponsorship of Chinese Academy of Social Sciences and China Business Journal. The Appraisal of Competitive Financial Institutions has been held for five times since its launch in 2009. Relying on enterprise competitiveness analysis model of Chinese Academy of Social Sciences, the appraisal starts from the indexes, such as net assets, net profit, net asset profit ratio, and total asset contribution factor, to investigate the competitiveness level of enterprises in the Chinese banking, insurance and other financial institutions.