Shanghai Pudong Development Bank Co., Ltd. (SPD Bank) profile and corporate video
Shanghai Pudong Development Bank Co., Ltd. (上海浦东发展银行), or also known as SPD Bank, SPDB, or Pufa, is a Chinese commercial retail bank and financial services company headquartered in Shanghai, China. It was incorporated on January 9, 1993, with the approval of the People’s Bank of China (August 28, 1992).
The company operates through the following business segments: Personal Banking, Corporate Investment Banking, and Treasury Markets.
Personal Banking
The Personal Banking segment involves savings & account management, foreign currency exchange, leisure banking card, oriental debit card, wealth management, open-ended fund, loan & finance, and online payment & consumption.
Corporate Investment Banking
The Corporate Investment Banking segment covers corporate banking, small & medium enterprises, offshore banking, multi-national company, correspondent banking, non-bank financial institutions, cash management solutions, trade finance, assets custody, and occupational pension.
Treasury Markets
The Treasury Markets segment involves FX risk management, USDCNY exchange, interest rate risk management, RMB structured deposit, premium deposit, other structured products, fixed income, and commodity.
With more than 55 000 employees, SPD Bank is a Fortune Global 500 company, and it is considered one of the Top 500 Banking Brands, one of the of Top 1000 World Banks in terms of Tier 1 capital, one of the biggest Chinese companies, one of the biggest Chinese banks and, according to Forbes, it is one of the top 2000 largest public companies in the world. Furthermore, it is one of the few domestic joint-stock commercial banks rated above investment grade by each of the Big Three credit rating agencies.
*Information from Forbes.com, Wikipedia.org, and eng.spdb.com.cn.
**Video published on youtube.com by “IMBritainLtd”.
