Guangzhou Rural Commercial Bank Co., Ltd. (1551.HK)

HKD 1.7

(-2.86%)

Market Cap (In HKD)

25.34 Billion

Revenue (In HKD)

17.49 Billion

Net Income (In HKD)

2.63 Billion

Avg. Volume

4838.00

Currency
HKD
Country
Financial Services
Open
-
Prev. Close
-
Day Range
-
Year Range
1.35-2.29
PE
-
EPS
-
Beta Value
0.271
ISIN
CNE100002FR4
CUSIP
Y2933H103
CIK
-
Shares
-
Earnings Annoncement
-

Company Profile

Sector
Financial Services
Industry
Banks - Regional
CEO
Mr. Jian Cai
Employee Count
-
Website
https://www.grcbank.com
Ipo Date
2017-06-20
Details
Guangzhou Rural Commercial Bank Co., Ltd. provides banking services. It operates through Corporate Banking, Retail Banking, Financial Market Business, and Others segments. The company offers demand and time deposits; personal consumption and mortgage loans; residential mortgage loans; credit cards overdraft; and personal finance products. It also provides corporate financing products, such as working capital, fixed assets, and trade and SME financing services, as well as finance leasing services. In addition, the company offers investment banking services; short, medium, and long-term loans; and domestic and international settlements, and bill acceptance and discounting services. Further, it provides money market placements, investments and repurchasing, and foreign exchange services; inter-bank placements; debit and credit cards; payment collection and insurance agency, safe locker, advisory and attestation, fund and insurance assets trusteeship, and cash management services; and agency services for issuing and underwriting government bonds. Additionally, the company trades in government and financial bonds; and provides discounted bill, wealth management, and private banking services, as well as Internet, telephone, SMS, mobile, and WeChat banking services. As of December 31, 2021, it had 635 outlets; 5 branches in Foshan, Qingyuan, Heyuan, Zhaoqing, and Zhuhai province, as well as 12 sub-branches and 1 sub-office; 1,597 ATM's; and 578 self-service inquiry terminals, 324 smart service terminals, and 250 smart banking outlets. The company was formerly known as Guangzhou Rural Credit Cooperative Unions and changed its name to Guangzhou Rural Commercial Bank Co., Ltd. The company was founded in 1952 and is headquartered in Guangzhou, the People's Republic of China.