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Merchants Bank Hit 1.6b Last Year
As of end of 2000, the total asset amount of Merchants Bank amounted to 241.388 billion yuan, up 62.147 billion yuan or 34.7 percent from last year, news from the bank's internal meeting held in Shenzhen said. RMB deposit balance of the bank was 174.1 billion yuan, up 31.8 percent or 42.021 billion yuan. Balance of RMB loans was 110.805 billion yuan, up 19.2 or 21 percent from last year.
The bank achieved a sustained increase in market share in China's financial market, and was ranked the best local bank of China by American Global Finance Magazine. According to governor of the bank Ma Weihua, the bank launched a reform in market sales system last year and strengthened the business interaction of the whole bank.
Overall business maintained a sustained and steady development. The Merchants Bank strives to develop online banking, through which the competitive edge of its core products is further sharpened, and the image of a tech bank is formed. The functions of its interlink bank card remained top of the rest in China. The issuance of this card by October 20 exceeded 10 million and neared 11 million by the end of the year. (Panorama)
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