April 25, 2017 5:53 AM ET

Banks

Company Overview of Harbin Bank Co., Ltd.

Company Overview

Harbin Bank Co., Ltd. provides various commercial banking products and services primarily in Mainland China. It operates through four segments: Corporate Financial Business, Retail Financial Business, Interbank Financial Business, and Other Business. The company offers demand and time deposit products, personal loans, collateral loans, corporate loans, and agricultural loans, as well as bank card and credit card products. In addition, it provides settlement and clearing services, as well as other products and services relating to trading business; finance leasing services; personal wealth management services; and money market placements, investments and repurchasing, and foreign exchange tra...

No. 888 Shangjiang Street

Daoli District

Harbin,  150010

China

Founded in 1997

8,054 Employees

Phone:

86 451 8677 9933

Fax:

86 451 8677 9829

Key Executives for Harbin Bank Co., Ltd.

President, Chief Financial Officer and Executive Director
Age: 43
Total Annual Compensation: CNY3.8M
Chairman
Age: 48
Total Annual Compensation: CNY4.6M
Compensation as of Fiscal Year 2015.

Harbin Bank Co., Ltd. Key Developments

Harbin Bank Co., Ltd. Announces Amendments to the Articles of Association

Harbin Bank Co., Ltd. announced that the approval, the Draft Articles of Association for Offshore Preference Shares were approved by the CBRC Heilongjiang Bureau, which will become effective from the date of completion of the issuance of the Offshore Preference Shares by the Bank; and the Draft Articles of Association for A Shares and Offshore Preference Shares were also approved by the CBRC Heilongjiang Bureau, which will become effective from the date of both completion of the issuance of the Offshore Preference Shares and the listing and commencing of trading of the A Shares to be issued under the A Share Offering on the Shanghai Stock Exchange by the Bank (whichever is later). Please refer to the Circular for detailed information of the aforesaid Draft Articles of Association.

Harbin Bank Co., Ltd. Reports Audited Consolidated Earnings Results for the Full Year Ended December 31, 2016

Harbin Bank Co., Ltd. reported audited consolidated earnings results for the full year ended December 31, 2016. For the period, the company reported net interest income of RMB 11,573,333,000 against RMB 9,632,939,000 a year ago. Operating profit was RMB 6,355,037,000 against RMB 5,869,993,000 a year ago. Profit before tax was RMB 6,445,566,000 against RMB 5,918,962,000 a year ago. Profit attributable to owners of the parent was RMB 4,876,602,000 against RMB 4,457,607,000 a year ago. Earnings per basic and diluted share were RMB 0.44 against RMB 0.41 a year ago. Net cash flows from operating activities were RMB 27,868,935,000 against RMB 47,339,392,000 a year ago. Purchases of items of property and equipment, intangible assets and other long term assets were RMB 551,511,000 against RMB 1,312,833,000 a year ago.

Harbin Bank Co., Ltd., Board Meeting, Dec 15, 2016

Harbin Bank Co., Ltd., Board Meeting, Dec 15, 2016.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 28, 2016
Guangdong Huaxing Bank Co., Ltd.
 

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