Bank of Qingdao Company Profile and History

Bank of Qingdao is a Chinese commercial bank that has a rich history dating back to 1997. It was founded by the Qingdao Municipal Government and the People's Bank of China.

The bank's headquarters is located in Qingdao, Shandong Province, China. Bank of Qingdao is a key player in the Chinese banking industry, with a strong presence in the Shandong region.

Bank of Qingdao was founded in November 1996 and is headquartered in Qingdao, Shandong Province. It was listed on the Main Board of the Hong Kong Stock Exchange in December 2015 with the stock code 3866.HK.

The bank has a significant presence in Shandong Province, with 13 branches and a plan to expand to all major cities in the province. It has also established a private banking and fortune center, providing exclusive financial services to high net-worth clients.

As of December 31, 2017, the total assets of Bank of Qingdao Co., Ltd. (BQD) amounted to RMB 306.28 billion, representing an increase of RMB 28.29 billion or 10.18% compared with the number at the end of 2016.

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Bank of Qingdao has a strong online presence, with several e-banking channels including online banking, telephone banking, mobile banking, WeChat banking, and direct banking. It has also established agent bank relations with global banking institutions.

Here's a snapshot of Bank of Qingdao's key statistics:

Bank of Qingdao has a clear strategic plan to build a featured bank characterized by warm services, strict risk management, and outstanding technologies.

The Bank of Qingdao's financials are quite impressive.

The company's last financial report date was June 30, 2024.

Their revenue for the last 12 months was a staggering CN¥9.17 billion.

Unfortunately, the company reported a zero EBITDA and gross profit for the same period.

However, their profit margin and operating margin are both around 43-44%.

On a quarterly basis, the company experienced a revenue growth of 14.80%.

Bank of Qingdao has been making waves with its recent financial reports. The bank's net attributable profit for 2024 was 20% higher compared to the previous year.

In February 2024, Bank of Qingdao Co., Ltd. reported its earnings results for the full year ended December 31, 2024, which was announced on February 10. This is according to the company's official announcements.

The bank has also been actively engaging in bond sales. In December 2024, Bank of Qingdao sold 2 billion yuan of 10-year bonds. This move is likely to help the bank raise funds and expand its operations.

Here are some key dates related to Bank of Qingdao's recent news and releases:

Bank of Qingdao has also been making changes to its board and executive team. In August 2024, the bank announced executive and board changes.

Bank of Qingdao has a listing on the SZSE under the stock code SZSE: 002948wb_incandescent. This is one of the stock indices associated with the bank.

The shares of Bank of Qingdao are traded on the Hong Kong Stock Exchange under the ticker: 3866. This is the exchange where you can buy and sell shares of the bank.

Haier and Associate Companies own 26.10% of the bank's stock, making them the largest shareholder.

Ownership of Bank of Qingdao's stock is a diverse mix of investors. Haier and Associate Companies hold the largest stake, with 26.10% of the shares.

The bank's stock is traded on the Hong Kong Stock Exchange under the ticker 3866. As of June 2015, the shareholding structure looked like this:

Intesa Sanpaolo of Italy holds the second-largest stake in the bank, with 20.00% of the shares.

Managers and Directors play a crucial role in the success of any company, and Bank of Qingdao Co., Ltd. is no exception. The company has a diverse team of leaders, each with their own strengths and experiences.

Xian Ming Wu, the President of Bank of Qingdao Co., Ltd., is 53 years old and has been in the position since 2023. He brings a wealth of experience to the role.

The company's Directors are equally impressive, with Li Xia Tan, Rosario Strano, and Yun Jie Zhou each serving as Board Members. They have a combined total of over 40 years of experience.

Here's a brief overview of the company's top leaders:

The company's leadership team is well-established, with some members having been in their roles for over a decade.

Stocks & Indices is a crucial aspect of management and stocks. Bank of Qingdao Co. Ltd has listings and related stock indices.

One of the key listings is for the stock SZSE: 002948wb_incandescent. This stock is associated with a specific index.

To manage your investments effectively, it's essential to understand the different stock indices. Bank of Qingdao Co. Ltd's listings provide valuable information for investors.

Bank of Qingdao Co., Ltd. operates through three segments: Retail Banking, Corporate Banking, and Financial Market Business.

The company provides various banking products and services, including accepting deposits, issuing financial bonds, and trading in government bonds and corporate bonds.

It also engages in foreign exchange trading as an agent and provides bank cards, letters of credit, and guarantee services.

The company operates 105 in-bank self-service banks and 423 self-service devices, including self-service ATMs, cash deposit and teller machines, and terminals that provide various services.

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Bank of Qingdao was founded on November 15, 1996, as Qingdao City Cooperative Bank after a merger of 21 urban cooperatives in Qingdao.

The bank's name was changed to Qingdao Commercial Bank in 1998 to target a larger client base, with the shareholders of the cooperatives becoming the founder shareholders of the new bank.

Haier took majority control of the bank in 2001 after its subsidiaries acquired a stake in the bank, allowing it to invest in the SilverLake system and making Qingdao Commercial Bank the first institution in China to adopt the system.

Qingdao Commercial Bank received investment from Qingdao Conson in 2005.

In 2008, Italy-based Intesa Sanpaolo acquired a 20% stake in the bank for $135m, followed by an investment of €25.4m from Rothschild Continuation Holdings for a 5% stake in the bank.

The bank's capital was more than doubled through a broader fundraising effort in 2008, and it was rebranded to Bank of Qingdao, expanding its operations outside Qingdao.

In November 2015, Bank of Qingdao listed H shares on the Hong Kong Stock Exchange after a successful initial public offering, raising $607 million and making it possible for major shareholders to exit the venture through the stock exchange.

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Bank of Qingdao Co., Ltd. was founded in 1996 and is headquartered in Qingdao, the People's Republic of China.

The company operates through three main segments: Retail Banking, Corporate Banking, and Financial Market Business. These segments enable the bank to provide a wide range of products and services to its customers.

Bank of Qingdao Co., Ltd. accepts deposits, provides short, mid, and long-term loans, and conducts domestic and overseas settlements. It also offers services such as acceptance, discounting, and inter-bank discounting of notes.

The company issues financial bonds, trades in government bonds, and participates in interbank lending and borrowing. It also performs foreign exchange trading as an agent.

Bank of Qingdao Co., Ltd. operates 105 in-bank self-service banks and 423 self-service devices, including ATMs, cash deposit and teller machines, and terminals that provide various services.

The company was formerly known as Qingdao City Commercial Bank Co., Ltd. and changed its name to Bank of Qingdao Co., Ltd. in 2008.