As one of the first batch of private banks in the country, Wenzhou Commercial Bank ushered in a historic breakthrough on the tenth anniversary of its establishment – the asset scale exceeded 50 billion yuan, private economic loans accounted for 73.7%, a total of more than 130 billion yuan of credit funds have been invested in ten years, and the total tax payment exceeded 1.4 billion yuan. As a "private enterprise partner", it interprets the depth and warmth of financial services to the real economy.
As the first private bank officially opened in the country, Wenzhou Commercial Bank was jointly launched in 2015 by 13 private enterprises including Chint Group and Huafeng Chemical, with a registered capital of 2 billion yuan. Different from the traditional bank model that relies on mortgage guarantees, the bank is not only based on composition and size, but also regards small, medium and micro enterprises with excellent products, good benefits, good reputation but insufficient collateral as the most important service targets. It has innovatively launched the "three-belt" batch service model, reaching customers in batches through industrial clusters, business circles, and supply chains, and has issued a total of approximately 56 billion yuan in loans. An electrical appliance trading platform in Yueqing relies on the bank's "order financing" to achieve the "three flows into one" of information flow, capital flow and logistics, providing online order financing services to settled companies, and providing a financing amount of 1.677 billion yuan to 108 companies on and off the chain.
In the past ten years, Wenzhou Commercial Bank has made bold explorations and attempts in product innovation, process simplification, mechanism flexibility, risk control and other aspects to address the pain points of private enterprises, provide personalized and differentiated services, launch more than 20 special products, and build a service system covering the entire life cycle of enterprises. For example, "Wang Ye Dai" solves the problem of factory mortgages, "Wang Shang Dai" provides credit loans with cash flow as the core, and "Manufacturing Credit Loan" supports the development of technology enterprises. It innovatively uses models such as the release of the residual value of mortgage assets and the mortgage of lease rights to help companies revitalize dormant assets.
Wenzhou Commercial Bank does not chase trends or huge profits, but focuses on deeply exploring the local market. Wenzhou Commercial Bank has established a firm risk bottom line. The bank adheres to the localization development strategy, refuses to hollow out its business, acquires customers independently, and relies on the industrial advantages of core enterprises to deeply explore the Wenzhou market. In terms of risk control, the bank has built a "three stability and three questions" pre-loan investigation system, created an original "two, three, four and five" dynamic management, linked five major databases to draw corporate credit maps, and dynamically prevented and controlled risks through "three rate monitoring" to ensure the precise flow of credit funds to the real economy.
Finance is doing good and warming Ouyue. While serving the real economy, Wenzhou Commercial Bank actively fulfills its social responsibilities. Its public welfare footprints cover mountainous campuses and Asian Games venues. It established a "Salute to Civilization" charity fund with 5 million yuan to pass on the Wenzhou people's spirit of "dare to be the first and be charitable"; it launched the "Million Rooftop Photovoltaic" project to help rural revitalization, with 6,635 contracted farmers; it invested 300,000 yuan to fund 6 street elderly canteens, allowing the elderly to hold hot soup noodles.
From the first credit loan of 300,000 yuan that was born out of the market to the current asset scale of 50 billion, in the past ten years, Wenzhou Commercial Bank has always co-existed and prospered with private enterprises, promoted the quality and efficiency of inclusive finance, and explored innovative paths for differentiated competition in the financial system. In the future, with the completion of the Wenzhou Commercial Bank Building in Binjiang CBD, the bank will use the open financial ecological chain as the fulcrum to continue to deeply explore the local market, become a "small but beautiful" bank, and set a benchmark for private banks.
According to reports, Wenzhou Commercial Bank launched the "Ten Years Together, Smart Future" celebration series from March 25 to April 5 to deepen the symbiosis between banks and enterprises through multi-dimensional interaction.
