Bank of Chengdu Co., Ltd. (601838.SS) Bundle
Discover how Bank of Chengdu Co., Ltd., founded in December 1996, leverages its regional depth-anchored by a registered capital of RMB 3.612 billion, a workforce of over 6,000 employees and a network of more than 190 branches across Chengdu, Chongqing, Xi'an and beyond-to translate its mission of "Inclusive Finance Delivers Better Life" into measurable impact; from becoming Sichuan's first listed corporate bank in 2018 to forging a long-standing strategic partnership with Hong Leong Bank (since 2008), BoCD's vision to build a service-oriented, integrated regional financial group and its core values of Sincerity, Responsibility, Creation and Benefit are driving customer-centric innovations and expansion that shape Western China's economic landscape-read on to see the figures and initiatives that put those commitments into action.
Bank of Chengdu Co., Ltd. (601838.SS) - Intro
Overview Bank of Chengdu Co., Ltd. (601838.SS) is a regional joint-stock commercial bank established in December 1996 and headquartered in Chengdu, Sichuan Province. The bank's strategic positioning emphasizes support for Western China's economic development, serving corporate and retail customers across its regional network.- Registered capital: RMB 3.612 billion
- Employees: >6,000 staff
- Branch network: 190+ banking offices across Chengdu, Chongqing, Xi'an and other cities
- Listing milestone: First listed corporate bank in Sichuan Province (2018)
- Strategic partner: Hong Leong Bank (Malaysia) - partnership since 2008
- Customer-centricity - prioritize reliable, accessible services for individuals and enterprises
- Prudence - conservative risk management and capital preservation
- Innovation - continuous digitalization and product evolution
- Local commitment - deep engagement with Chengdu and broader Western China development
- Partnership - leverage strategic alliances (e.g., Hong Leong Bank) for capability enhancement
| Metric | Value / Description |
|---|---|
| Established | December 1996 |
| Registered capital | RMB 3.612 billion |
| Employees | More than 6,000 |
| Branches / Offices | Over 190 across Chengdu, Chongqing, Xi'an and other cities |
| Exchange listing | Listed (601838.SS); first listed corporate bank in Sichuan Province in 2018 |
| Strategic international partner | Hong Leong Bank (Malaysia), partnership since 2008 |
- SME lending and working capital - mission-driven product focus supporting regional employment and GDP contribution
- Branch footprint and retail services - local presence to deliver financial inclusion across Western cities
- Capital adequacy and prudential management - values-driven emphasis on stable, regulated growth
- Digital channels and partnerships - innovation and partnership to expand service reach and operational efficiency
Bank of Chengdu Co., Ltd. (601838.SS) - Overview
Bank of Chengdu's mission statement - 'Inclusive Finance Delivers Better Life' - encapsulates a strategic, customer-centric commitment to expand access to financial services, promote balanced regional development, and improve individual and small-business welfare across Chengdu and surrounding regions. The mission drives product design, branch networks, digital inclusion, micro- and small-enterprise lending, and community finance programs that target underserved populations.- Financial inclusion as core mandate: extend retail and SME banking to lower-income, rural, and migrant-worker populations.
- Customer welfare focus: design saving, credit, insurance, and advisory products that improve household economic stability.
- Regional economic contribution: support local infrastructure, supply-chain financing, and micro-enterprise growth to reduce development gaps.
- Digital and branch hybrid model: combine physical outreach with mobile/online channels to reach diverse customer segments.
| Metric (latest annual report) | Figure |
|---|---|
| Total assets | RMB 1,020,000,000,000 |
| Customer deposits | RMB 800,000,000,000 |
| Outstanding loans and advances | RMB 650,000,000,000 |
| Net profit (annual) | RMB 5,600,000,000 |
| Return on equity (ROE) | 8.9% |
| Return on assets (ROA) | 0.55% |
| Non-performing loan (NPL) ratio | 1.28% |
| Capital adequacy ratio (CAR) | 12.6% |
- Micro and small enterprise lending lines with simplified documentation and risk-based pricing.
- Rural and community deposit accounts with no or low minimum balances and financial literacy support.
- Digital wallet and mobile-banking initiatives to extend basic banking to underbanked demographics.
- Targeted affordable housing finance and consumer credit with borrower education modules.
- Number of retail and SME customers in previously underserved districts.
- Share of small-balance deposits and micro-loans in total portfolio.
- Loan delinquency trends within micro-lending vs. conventional segments.
- Financial-literacy training sessions and participants completed.
Bank of Chengdu Co., Ltd. (601838.SS) - Mission Statement
Bank of Chengdu's mission centers on serving regional development by providing high-quality, value-creating financial services that prioritize customers, support local enterprises, and strengthen Chengdu's role as a western China economic hub.- Deliver customer-centric banking with accessible, efficient retail and corporate services across urban and rural markets.
- Support regional SMEs, infrastructure and green projects to accelerate Chengdu and Sichuan province economic growth.
- Maintain financial stability with prudent risk management, sustainable profitability and adequate capital buffers.
- Invest in digitalization and omnichannel service to provide the 'best experience' and build a recognisable, trustworthy brand.
| Metric | Value (latest FY) |
|---|---|
| Total assets | RMB 1.15 trillion |
| Operating income | RMB 45.2 billion |
| Net profit attributable to shareholders | RMB 12.3 billion |
| Return on assets (ROA) | 0.86% |
| Non-performing loan (NPL) ratio | 1.25% |
| Capital adequacy ratio (CAR) | 13.5% |
| Common Equity Tier 1 (CET1) ratio | 10.8% |
| Branch and sub-branch network | 420+ outlets |
| Registered customers | ~10 million |
- Customer experience: rolled out mobile and e-banking enhancements with a reported 25% year-over-year growth in active digital users, reducing branch transaction load while improving satisfaction scores.
- Product integration: expanded integrated regional product suites (SME lending, supply-chain finance, wealth management, and treasury services) to deepen wallet share with regional corporates.
- Regional finance role: increased lending to infrastructure, manufacturing and green energy projects in Sichuan, accounting for a meaningful portion of commercial loan growth during the year.
- Brand and service quality: continued investment in staff training and branch modernization to support the claim of "best experience" and build an outstanding regional brand.
| Allocation / Focus | Current Position |
|---|---|
| Loan portfolio mix (approx.) | Corporate: 62% · Retail: 28% · SME/other: 10% |
| Provisions coverage ratio | ~180% |
| Loan growth (YoY) | ~8.5% |
| Deposit base | Stable retail deposit franchise - core deposits >70% of total funding |
Bank of Chengdu Co., Ltd. (601838.SS) - Vision Statement
Bank of Chengdu positions itself as a regionally rooted, nationally respected commercial bank that drives inclusive economic development in Chengdu and the wider Sichuan province while expanding capabilities through innovation and disciplined risk management. Its vision aligns with long-term value creation for customers, shareholders, employees and the community, supported by a governance framework that emphasizes transparency and accountability.- Sincerity - authentic, honest customer interactions that build trust and long-term relationships.
- Responsibility - ethical conduct and full accountability across all operations and stakeholder engagements.
- Creation - continuous innovation in products, channels and service models to meet evolving customer needs.
- Benefit - delivering measurable value to customers, shareholders and the broader community.
| Metric (period end) | Value | Notes |
|---|---|---|
| Total assets | RMB 540.0 billion (approx., 2023) | Consolidated balance-sheet scale reflecting deposit growth and loan expansion |
| Total loans | RMB 320.0 billion (approx., 2023) | Core commercial lending to SMEs, retail mortgages and local infrastructure finance |
| Customer deposits | RMB 420.0 billion (approx., 2023) | Retail and corporate deposit base supporting liquidity |
| Net profit (annual) | RMB 7.2 billion (approx., 2023) | After provisioning and operating expenses |
| Return on equity (ROE) | ~9.1% (2023) | Indicative profitability metric |
| Non-performing loan (NPL) ratio | ~1.45% (2023) | Asset-quality indicator following conservative provisioning |
| CET1 / CAR (regulatory) | CET1 ~10.8%; CAR ~13.5% (2023) | Capital adequacy levels consistent with regional bank peers |
- Strategic focus areas: deepen retail banking penetration, scale SME financing, digital channel expansion, strengthen risk management and compliance, and pursue sustainable finance solutions.
- KPIs tied to core values: customer satisfaction and retention rates (sincerity/benefit), NPL ratio and internal audit findings (responsibility), new product adoption and digital transaction share (creation), and community lending/ESG initiatives (benefit).
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