Formerly | Taian City Commercial Bank |
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Company type | public private joint venture |
Industry | Financial services |
Founded | 1986 |
Headquarters | Tai'an, Shandong , China |
Number of locations | 42 branches (2015) |
Services | Retail banking |
Revenue | CN¥ 1.369 billion (2015) |
CN¥ 471 million (2015) | |
CN¥ 370 million (2015) | |
Total assets | CN¥52.749 billion (2015) |
Total equity | CN¥ 2.617 billion (2015) |
Capital ratio | 8.78% (CET1) |
Website | taccb.com.cn |
Footnotes /references source [1] |
Taian Bank | |||
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Simplified Chinese | 泰安银行 | ||
Traditional Chinese | 泰安銀行 | ||
|
Bank of Taian Co.,Ltd. trading as Taian Bank is a Chinese urban commercial bank based in Tai'an,Shandong Province.
The bank was formerly known as Taian City Commercial Bank. It was reported that the bank was linked to Tai'an-born Xiao Jianhua's Tomorrow Group,which "New Fortune" accused that Xiao owned some of the private investors of the bank by proxy person. [2] Those accused companies,did pledged the shares to private equity funds of New Times Securities (another firm that was accused as a member of Tomorrow Group). However,also pledged the shares to state-owned China Fortune Trust (and its private equity funds).
Tai'an Municipal People's Government owned 34.56% shares as the largest (known) shareholder consortium.
The predecessor of the bank was founded in 1986. On 16 August 2007 it became Taian City Commercial Bank and on 12 November 2015 became Taian Bank. [3]
Tai'an Finance Bureau-owned Taian Taishan Investment and its subsidiaries owned 30.01% shares of the bank as at 31 December 2012,while another city-owned company (Chinese :泰安市商贸国有资产经营) owned an additional 6.25% shares. Puhua Investment,a company majority owned by a central-government enterprise and Taian Fund Investment &Guaranty (Chinese :泰安市基金投资担保经营,a subsidiary of Taian Taishan Investment) at that time,owned 7.29% shares,making the state owned 43.55% shares in total. [4]
In 2013,Taian Fund Investment &Guaranty sold the shares (22.51%) to sister companies,as well as selling the stake in Puhua Investment to private investor in 2015,making Taian Government owned 34.56% shares in total in the bank (as at 31 December 2015). The stake was also diluted by the CN¥600 million capital increase (CN¥300 million share capital with CN¥1 nominal value and CN¥300 million share premium) in 2013–14,as only Taian Taishan Investment and its subsidiaries,a new investor Shandong Xinchazhuang Mining (Chinese :山东新查庄矿业) for 37.49 million shares, [5] [6] some existing private shareholders (Chinese :山东中宸投资担保, [7] Tài'ānshìTàishān Huáchéng Kējì,Tài'ān RénréndáKējìand Jǐnán Sānwàng Sùliào for 167.69 million shares) and employee subscribed the shares (4.79 million shares). [6]
Rank | Chinese name | English name (if known) or pinyin | Number of shares | Ratio |
---|---|---|---|---|
1 | 泰安市泰山投资 | Taian Taishan Investment | 109.93 million | 9.99% |
泰安市l城市建设投资 | Tài'ānshìTàishān ChéngshìJànshèTóuzī | |||
济南三望塑料 | Jǐnán Sānwàng Sùliào | |||
4 | 泰安市城市发展投资 | Tài'ānshìChéngshìFāzhǎn Tóuzī | 109.89 million | 9.99% |
5 | 泰安市泰山华城科技开发 | Tài'ānshìTàishān Huáchéng KējìKāifā | 108.68 million | 9.88% |
6 | 泰安人仁达科技 | Tài'ān RénréndáKējì | 105.93 million | 9.63% |
7 | 山东宸中信息科技 | Shāndōng Chénzhōng XìnxīKējì | 83.55 million | 7.60% |
8 | 泰安市泰山祥盛技术开发 | Tài'ānshìTàishān Xiángshèng JìshùKāifā | 78.50 million | 7.14% |
9 | 普华投资 | Puhua Investment | 58.31 million | 5.30% |
10 | 泰安市商贸国有资产经营 | Tài'ānshìShāngmào Guóyǒu Zīchǎn Jīngyíng | 50.00 million | 4.55% |
泰山酒业集团 | Tàishān JiǔyèJítuán |
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