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Bank of Jiangsu adopts the Equator Principles
20 January, 2017 Signatory News
Nanjing, 20 January 2017
Bank of Jiangsu has become a signatory of the Equator Principles (EPs), a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risks in projects. It becomes China’s first city commercial bank to adopt EPs.
Bank of Jiangsu, a modern joint-stock commercial bank, was founded by merging and reorganizing the ten commercial banks in Jiangsu province including city banks of Wuxi, Suzhou and Nantong, which created a new model of local corporate banking reform. Formally entering service on January 24, 2007, it is the only local provincial corporate bank in Jiangsu.
Bank of Jiangsu, adhering to the mission of “providing high-quality financial service for customers” and guided by the enterprise culture of “Integration, innovation, pragmatism and growth”, always sticks to the development direction of uniqueness, intelligence, internationalization and integration and devotes itself to the construction of a characteristic and first-rate commercial bank with core competition advantage. It has now developed into a modern joint-stock bank boasting strong comprehensive strength and market competitiveness. As of the end of June 2016, it has possessed total assets of 1,563 billion RMB, total deposits of 914.4 billion RMB, and has provided loans of 635.3 billion RMB in total. It has 534 business office in total and 14,000 employees. It also established Suyin Financial Leasing Company and Danyang Baode Rural Bank. On August 2, 2016, its Initial public offering of A shares was successfully listed on the Shanghai Stock Exchange (stock code: 600919).
The development of Bank of Jiangsu has been widely recognized by all sectors of society. It has been presented the honorary titles of “Outstanding Enterprise in Jiangsu Province” and “The National Banking Financial Institutions Small and Micro-Enterprise Financial Services Advanced Units” by Jiangsu Provincial Party Committee and Jiangsu Provincial Government, and has been rated as “The Most Competitive Small and Micro Banks” by Financial Times. It ranked the 126th among the top 1000 world banks listed by the Banker (a British professional magazine) in 2016. As one of the fastest growing banks in China, it was named as “The Best City Commercial Bank in China” by Global Finance (U.S.).
The adoption of EP demonstrates that Bank of Jiangsu is dedicated to committing to green finance and sustaining energy management industry. It will also contribute to promoting a more eco-friendly civilization, social awareness enhancement and the completion of environmental and social risk management system. From now on, Bank of Jiangsu will regularly submit EP implementation reports as required and publish relevant information through its website.