Bank of Qingdao Company Description

Bank of Qingdao Co., Ltd. provides personal and corporate banking, and financial market services in the People’s Republic of China.

It operates through Corporate Banking, Retail Banking, and Financial Market Business segments. The company offers deposit and savings products; personal loans, corporate loans, Youth Easy loans; professional card services, investment and wealth management, and credit card lines; foreign exchange deposit and withdrawal services; foreign exchange settlement and sale, and foreign exchange outward and inward remittance; and agency services.

It also provides bill services and asset management solutions for enterprises, including bill acceptance, e-Bill subsidy, commercial bill, bill pool, and supply chain bill; trade financing, supply chain finance, and cash management; non-financial corporate debt financing instruments, credit financing plans, and direct financing instruments; and undertaking, underwriting, and duration management services.

In addition, the company offers self-service devices, ATMs, and cash deposit and withdrawal machines; letters of credit services and guarantees; safe deposit box services; bond settlement agency services; and commercial central treasury cash management.

Further, it is involved in the issuance of financial bonds; underwriting of government bonds and financial bonds; buying and selling government bonds, financial bonds, and corporate bonds; interbank lending and interbank deposit business; insurance business; sale of precious metals; and general derivatives trading business.

The company was formerly known as Qingdao City Commercial Bank Co., Ltd. and changed its name to Bank of Qingdao Co., Ltd. in 2008.

Bank of Qingdao Co., Ltd. was founded in 1996 and is headquartered in Qingdao, the People’s Republic of China.