As IB’s 44th first-level branch in China and 5th first-level branch in northwestern China, IB Yinchuan Branch was approved by China Banking Regulatory Commission recently.
According to the latest report for the third quarter, by the end of September 2016, IB’s total asset has reached RMB 5.82 trillion, ranking first among shareholding banks; the net profit attributing to the parent company was RMB 43.982 billion with a YOY growth of 6.70%; the total ROA and weighted net ROA were respectively 0.80% and 14.11%, remaining excellent in the industry.
IB aims to expand the coverage of outlets in northwestern China and enhance its capacity to serve economic development there through Yinchuan Branch. At present, preparation for Yinchuan Branch has started. IB said that Yinchuan Branch will open as early as possible in order to integrate with and serve Ningxia, and give fresh impetus to economic and social development there.
IB has set up 120 branches in major cities nationwide (including 43 first-level branches and 77 second-level branches) and 1800 branch organizations so far. It has owned 9 business licenses and 10 shareholding subsidiaries, and invested in 5 companies, and transformed itself into a bank-based modern financial service group engaging in trust, lease, fund, futures, consumer finance, asset management, research and consulting and digital finance.