What exactly do the first-tier branches, second-tier branches and directly affiliated branches of banks mean?

Bank of China Zhejiang Branch is a tier-one branch (directly managed by the head office of Bank of China). Zhejiang Branch is managing BOC branches in various cities in Zhejiang Province, such as Taizhou Branch, Wenzhou Branch and Shaoxing Branch. These are secondary branches.

Zhejiang Branch is generally located in Hangzhou, the provincial capital, and China Bank in Hangzhou is directly under the management of Zhejiang Branch. In order to reduce management personnel and costs, there is generally no city branch where the provincial bank is located, which means that there may be no Hangzhou branch.

Extended data:

Xinhuanet Hangzhou, June 10 (Reporter Hu Zuohua) On June 10, China Bank, Yiwu Branch, Zhejiang Province, announced that it was upgraded to Yiwu Branch, becoming the first county-level secondary branch of China Bank. So far, the branches of the four major state-owned commercial banks in Yiwu, namely, industry, agriculture, China and China Construction, have all been upgraded to secondary branches.

Chen Shi, president of Zhejiang Branch of Bank of China, said that Yiwu Branch will be directly subordinate to the provincial branch, and will be given all the management functions of the secondary branch, including greater authorization and resource allocation in credit policy, financial expenses, human resources and product innovation. At present, the branch has 18 business institutions, total assets1420 million yuan, balance of various deposits1360 million yuan and loan balance of 8.3 billion yuan.

Yiwu, located in the middle of Zhejiang Province, is the largest small commodity wholesale and distribution center in the world, with an existing market area of more than 4 million square meters, more than 60,000 business premises, more than 4,200 kinds of goods with 6,543.8+7,000 kinds, and its sales network covers 265.438+05 countries and regions around the world. In March this year, the State Council officially approved Yiwu to start the pilot project of comprehensive reform of international trade, and Yiwu became the first 10 comprehensive reform pilot zone in China.

People's Daily Online-China Bank set up the first county-level secondary branch.