BOC Fullerton Community Bank CO.,Ltd.

Bank of China fudeng village bank

Bank of China fudeng village bank was established by Bank of China in cooperation with fudeng financial holding company under Temasek. Since 2011, Bank of China has cooperated with fudeng finance to set up village banks in large scale and in batches. In March 2011, Bank of China fudeng village bank opened its first village bank in Qichun, Hubei Province. By the end of June 2018, BOC fudeng village bank had set up 100 village banks and 119 sub branches in 19 provinces (municipalities directly under the central government), of which 76% were in the central and western regions and 33% were in the national poverty-stricken counties, becoming the village bank group with the largest number of institutions and the widest geographical coverage in China. Bank of China fudeng rural bank has formulated financial services and credit processes suitable for small and micro enterprises and customers of agriculture, rural areas and farmers, developed 14 categories and more than 60 kinds of small and micro enterprises and agricultural products, served more than 1.6 million customers and provided loan services for more than 130000 customers.

Company profile

Building a first class rural bank in the new era

With the goal of "building a first-class village bank in the new era", BOC fudeng village bank is committed to "taking root in the county, supporting agriculture and supporting small businesses" in line with the tenet of "growing together and achieving dreams" with customers, and providing localized, high-level and comprehensive financial products and services for small and medium-sized enterprises, micro enterprises, wage earners and "three rural" customers in the county.

In order to actively implement the national policy of "agriculture, rural areas and farmers" and solve the financing problems of small and micro enterprises, Bank of China cooperates with fudeng Financial Holdings, a subsidiary of Temasek in Singapore. With the help of the brand and resource advantages of Bank of China and the experience of fudeng financial in micro finance, it has initiated the establishment of village banks in large scale and batch since 2011, actively exploring the development of micro finance of large banks with Chinese characteristics We should strive to support the county real economy, solve the financing problems of small and micro enterprises and "three rural" customers, strive to fill the gap of rural finance, help rural residents achieve rapid income growth, and help community residents realize their dreams.

On the basis of learning from the advanced international experience, BOC fudeng has formed a unique investment management mode of rural banks by adjusting measures to local conditions and making bold innovations. The mode includes six innovations: first, the layout planning of "batch", "scale", "standardization" and "intensive" to make up for the weak links of county financial services and help the rapid growth of county economy; second, the innovative credit system Third, we should grasp the difficulties of rural financial management and establish a reasonable and effective cost and risk control mechanism; fourth, we should formulate a new talent training and development plan to meet the needs of large-scale network expansion; fifth, we should make use of the world-class technical service system to realize rural modern finance; sixth, we should practice the enterprise society Responsibility, and strive to create a harmonious community environment.

After years of development, BOC fudeng has accumulated rich experience in the management and operation of rural banks, achieved good results, and laid a good foundation in corporate governance, business model and it system construction. Bank of China fudeng rural bank has established a county financial big data platform, which takes scenario planning and anti fraud as a breakthrough point to study the market characteristics, industry characteristics and enterprise characteristics of county finance from both quantitative and qualitative aspects, so as to provide support for rural banks in customer marketing, risk management, internal control and compliance.

By the end of June 2018, the Bank of China fudeng village bank had a deposit balance of more than 30 billion yuan and a loan balance of more than 30 billion yuan, serving more than 1.6 million customers and providing loan services to 130000 customers, with an average loan of about 220000 yuan. Among them, agriculture related, small and micro loans accounted for 90.29% of the total loans, and farmers' loans accounted for 41.56% of the total loans. The non-performing loan ratio of self established rural banks was 1.72%, the concern loans accounted for 0.84%, the loan allocation ratio was 4.30%, and the provision coverage rate was 249.31%.

Brand concept

Grow together to achieve dreams

Mountain, representing the spirit of perseverance, is also a symbol of stability and taking root. The curve formed by the continuous peaks reflects the deep meaning of flexibility and boundlessness. The red, orange and yellow used as the whole symbol breeds youth, vitality, warmth and trust. The brand concept of Bank of China fudeng is composed of these elements to express a broad, continuous and reliable corporate image.

Bank of China fudeng village bank hopes to serve customers with such corporate image, grow together with customers and realize each other's dreams together.

Goal and vision

To provide international leading professional products and services for rural and county areas with insufficient financial services

While pursuing continuous improvement in quality and service, BOC fudeng village bank pursues synchronous coordination between its own growth and customer development, and takes practical actions to help core customers - small and medium-sized enterprises, micro enterprises, working class and agricultural customers - improve their living standards, improve county environment and accelerate community economic development. At the same time, we have opened a number of village banks and sub branches across the country, combining the international product design, customer service and risk management experience of BOC fudeng village bank with BOC fudeng village bank's in-depth understanding of local communities, so as to bring prosperity and beauty to more communities. Fudeng Village Bank of BOC will create value with its specialty and return trust with sincerity.

Three iron rules

Since the beginning of its establishment, fudeng Village Bank of BOC has defined "not taking a needle from a customer, not practicing fraud, and not giving up any opportunities to improve itself and help others" as the "three iron rules", which is the core of corporate culture. The "three iron laws" are deeply imprinted in the hearts of every staff of fudeng Village Bank of BOC, throughout the process of behavior. For any violation of the "three iron laws", the "zero tolerance" treatment is implemented.

Service commitment

Focus on the county and take root in the community

On the basis of in-depth understanding of the needs of the community, BOC fudeng village bank has customized a variety of products and services to promote the development of the community to the greatest extent. At the same time, it employs local employees who have deep feelings for the community to make use of the employees' in-depth understanding of the needs of the local community, combined with international product design, service level and risk management ability, to bring guarantee for the accelerated development of the community Certificate, reflecting the core value of common growth

Simple and convenient, fast and safe

The service process is convenient and fast, and the international advanced risk management system is adopted to provide products and services suitable for County farmers and small and micro enterprises. Through simple process, advanced technology and the wholehearted assistance of employees, BOC fudeng village bank hopes to provide customers with simpler, more convenient and safer financial services.

International standard, first class service

The combination of the local advantages of Bank of China and the international experience of fudeng finance is the source of confidence of BOC fudeng village bank and ensures to bring better financial services to customers.

Look to the future and grow together

Expanding vision and focusing on potential are the criteria for BOC fudeng village bank to evaluate customers. Combined with local characteristics, BOC fudeng village bank accepts more kinds of mortgage and guarantee to solve customers' worries, fully stimulate customers' development potential and create a better future together.

Background of shareholders

Cooperation of transnational partners

The strategic partnership between Bank of China and Singapore Temasek's Fudan financial holding company (Fudan Finance) began in 2005, with Fudan finance holding a 4.1% stake in Bank of China. In 2007, Fudan finance established a small and medium-sized enterprise business model consulting team to assist the Bank of China in the implementation of the model. In the middle of 2009, Bank of China and fudeng finance formed a preparatory group to develop the strategy and business model of rural banks to expand the financial opportunities of county economy. Thanks to the local advantages of Bank of China and the international experience of fudeng finance, the first rural bank was opened in March 2011 in Qichun, Hubei Province.

According to the overall strategy of BOC Group, Bank of China will use the international vision to build BOC fudeng village bank into a unique brand in the vast rural market, gradually expand the coverage of village banks through mergers and acquisitions and self construction, give full play to the scale effect, consolidate its leading position in the field of village banks, and better serve the county economy, especially the real economy Help the economic development of the weak financial service areas in the central and western regions.

Honors

Bank of China fudeng rural bank has successively won the honorary titles of "annual best rural bank serving agriculture, rural areas and farmers", "rural Internet financial product innovation award", "2015 excellent competitiveness rural bank", "annual excellent rural bank", "2016 China social responsibility outstanding enterprise award" and "2017 excellent competitiveness inclusive financial bank".