July 25, 2016 6:31 PM ET


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 Corporate Financial Business, Retail Financial Business, Interbank Financial Business, and Other Business segments. The company offers demand and time deposit products, unit call deposits, personal loans, collateral loans, corporate loans, agricultural loans, and consumer loans, as well as bank card and credit card products, and bill discounting services. It also provides cross-border financial, installment, trade and project financing, and business settlement services, as well as investment banking, asset management, primary and secondary market, derivative, bill ...

No. 160 Shangzhi Street

Daoli District

Harbin,  150010


Founded in 1997

8,054 Employees


86 451 8677 9933


86 451 8677 9829

Key Executives for Harbin Bank Co., Ltd.

President, Chief Financial Officer, Executive Director and Member of Development Strategy Committee
Age: 43
Total Annual Compensation: CNY3.8M
Chairman and Chairman of Development Strategy Committee
Age: 48
Total Annual Compensation: CNY4.6M
General Manager of Internal Audit Department and Employees Representative Supervisor
Age: 45
Total Annual Compensation: CNY794.0K
Compensation as of Fiscal Year 2015.

Harbin Bank Co., Ltd. Key Developments

Harbin Bank Co., Ltd., Annual General Meeting, May 19, 2016

Harbin Bank Co., Ltd., Annual General Meeting, May 19, 2016, at 08:30 China Standard Time. Location: Conference Hall 3, Harbin Shangri-La Hotel, 555 Youyi Road, Daoli District, Harbin Heilongjiang China Agenda: To consider and approve the “Proposal on the 2015 Work Report of the Board of Directors; to consider and approve the “Proposal on the 2015 Work Report of the Board of Supervisors; to consider and approve the Proposal on the 2015 Final Account Report; to consider and approve the Proposal on the 2016 Financial Expense Budgets; to consider and approve the Proposal on the 2015 Profit Distribution Plan to consider and approve the Proposal on the 2015 Annual Report; to consider the proposal on the Appointment of Auditors for 2016; and to consider other matters.

Harbin Bank Co., Ltd. Proposes Profit Distribution Plan for 2015, Payable on July 15, 2016 for H Shares

Harbin Bank Co., Ltd. proposed profit distribution plan for 2015 at its AGM to be held on May 19, 2016. The actual amount to be paid in HK Dollars will be calculated using the average benchmark exchange rate for the conversion of RMB into HK Dollars announced by the People’s Bank of China 7 days prior to the convening of the AGM (including the date on which the AGM is held). Total cash dividends are approximately RMB 1,176.529 million. RMB 0.107 (tax inclusive) will be paid for every Share, representing a dividend ratio (calculated by dividing the dividends by the net profit of the Group attributable to the parent company in 2015) of 26.39%. The dividend is expected to reduce the capital adequacy ratio by 0.42%. To determine the identity of the Shareholders entitled to receive the final dividend, the H Share register of members of the Bank will be closed from 30 May 2016 to 4 June 2016 (both days inclusive), during which period no share transfer will be registered. Any H Shareholder or Domestic Shareholder whose name appears on the Bank’s register of embers on 4 June 2016 is entitled to receive the final dividend. The dividend payment date for H Shares is expected to be 15 July 2016.

Harbin Bank Co., Ltd. Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2015

Harbin Bank Co., Ltd. reported audited consolidated earnings results for the year ended December 31, 2015. For the year, the company reported net interest income of RMB 9,632,939,000 against RMB 8,397,617,000 a year ago. Operating income was RMB 11,945,363,000 against RMB 10,252,768,000 a year ago. Operating profit was RMB 5,869,993,000 against RMB 5,110,345,000 a year ago. Profit before tax was RMB 5,918,962,000 against RMB 5,127,495,000 a year ago. Profit for the year was RMB 4,509,600,000 against RMB 3,840,772,000 a year ago. Profit for the year attributable to owners of the parent was RMB 4,457,607,000 against RMB 3,806,554,000 a year ago. Earnings per share basic and diluted were 0.41 cents against 0.37 cents a year ago. Net cash flows from operating activities were RMB 47,339,392,000 against net cash used in operating activities of RMB 1,450,759,000 a year ago. Purchases of items of property and equipment, intangible assets and other long term assets was RMB 1,312,833,000 against RMB 1,334,359,000 a year ago.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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