Qingdao Rural Commercial Bank (or “QRCB”) was established on 28 June 2012. Approved by the State Council and CBRC, it is one of the seven rural commercial banks established from a citywide joint-stock reform of rural credit cooperatives among all sub-provisional level cities in China, and is headquartered in the core of the pilot demonstration area of comprehensive financial reform of wealth management. On March 26th, 2019, the bank was successfully listed on the Shenzhen Stock Exchange (stock code 002958), becoming the first rural commercial bank that listed on the A-share market in the north region of the Yangtze River. At present, QRCB has more than 350 branches with more than 5000 staffs employed; it has also initiated the establishment of 8 different Blue Ocean Community Banks nationwide including in Luohu Shenzhen, Dexing Jiangxi, and Jining Shandong.
For a long time, based on the fundamental mission of serving entities and the market positioning of supporting agriculture and SMEs, QRCB has been focusing on deepening reforms and innovative development, promoting indicators including deposits, loans, international settlements, asset quality, net profit, provision coverage ratio, etc., which reflect the comprehensive strength, competitiveness and risk control ability of a corporate bank, to rank at the top of all local corporate banks in Shandong Province, thereby it has being considered as a systemically important corporate bank in the province. As of June 2023, the total assets of QRCB has reached to CNY465 billions with CNY251.7 billions of loan issued and CNY307.4 billions of deposits taken. During the past 11 years since the restructuring, QRCB has contributed a overall tax amount of CNY14 billions, ranks the top among the financial sector in Qingdao.
In 2023, The Bank magazine (U.K.) has published its latest version of “Top 1000 World Bank Rankings”, Qingdao Rural Commercial Bank is ranked as the 295th among all listed banks, and the 276th among “Top 500 World Banks by Brand Value”. At the same time, QRCB has claimed the 59th place among the “Top 100 Banks in China”, the 24th among all serving enterprises in Shandong Province, and the 5th of “Top 100 Enterprises in Qingdao”.