The development history of Taizhou Commercial Bank

All success laurels are woven with thorns, and there are no shortcuts. Looking back at the growth path of our enterprise, in the long river of history, it was only a short moment. However, we have gone a long and difficult way, but we have walked confidently and high-spirited. Our history is a history of supporting batches of small businesses to thrive, a history of supporting the rapid development of local economies and optimizing the credit environment, and a history of promoting the reform and development of financial services. We can proudly say that history has created us and we have shaped history.

In the 1980s, the private economy in Taizhou was booming, giving birth to new financial organizations that responded to and served it. On June 6, 1988, the predecessor of Taizhou Commercial Bank - "Zhejiang Huangyan Luqiao Ginza Financial Services Co., Ltd." was officially established. At the beginning of its establishment, there were only 6 employees and a capital of 100,000 yuan. The biggest problem it faced was not development but how to survive. We at "Ginza" have seized the opportunity and taken advantage of the "right time" when the financial system reform has just started. We have obtained the "geographical advantage" of Taizhou's reform and opening up and the vigorous development of private enterprises, based on the "humanity" of small and medium-sized enterprises and individual economies, and based on the accurate market Positioning, flexible operating mechanism, strict internal control, and high-quality financial services have quickly won a place for themselves and developed rapidly.

In 1993, the deposit scale of "Ginza" began to rank first among all Luqiao financial institutions. In the following consecutive years, the deposit balance has increased at an average rate of 35% every year, and the deposit scale has ranked first among the road and bridge industry, unshakable. By the time Taizhou Commercial Bank was established in 2002, the deposit balance of Ginza City Credit Union was 2.92 billion yuan, the loan balance was 1.79 billion yuan, and the annual profit was more than 50 million yuan, while the non-performing loan rate had remained below 1% for 14 years. "Ginza" has grown into a modern banking financial institution with a sound talent mechanism, mature management system, high-quality credit assets, rigorous corporate culture, and perfect integration with the operation of the market economy, forming the basis of today's Taizhou City business The origin of the bank’s development, the “Ginza” miracle has attracted worldwide attention. The blue logo above is the corporate emblem of Ginza, and the image of the inverted triangle symbolizes the process of "Ginza" taking root in Luqiao, growing from small to large, and flourishing. With the development of the enterprise, it became the corporate emblem of Huangyan Luqiao City Credit Cooperative, Taizhou City Luqiao City Credit Cooperative, and Taizhou City Ginza City Credit Cooperative. It was used until the establishment of Taizhou City Commercial Bank.

On March 22, 2002, Taizhou Commercial Bank Co., Ltd. opened for business. It is based on Taizhou City Ginza City Credit Union, and was jointly initiated and established by 8 city credit unions including Taizhou City Longxiang, Haimen, Dafeng, Yongning, Xingye, Port City Credit Union and Taizhou City City Credit Cooperatives United Union. .