Guangzhou Rural Commercial Bank Co. Ltd

Detailed Description

Guangzhou Rural Commercial Bank Co., Ltd. provides banking services. It operates through Corporate Banking, Retail Banking, Financial Market Business, and Others segments. The company offers deposit products, including demand, call, time, institutional call, agreement, and fixed deposits; personal cheques; personal consumption and mortgage loans; and personal finance products. It also provides corporate financing and credit, such as house development, project, working capital, commercial property mortgage, and fixed asset project loans; and international payment and remittance, intermediary, and trade and SME financing services. In addition, the company offers investment banking services; short, medium, and long-term loans; and domestic and international settlements, and bill acceptance and discounting services. Further, it provides money market placements, investments and repurchasing, and foreign exchange services; inter-bank placements; debit and credit cards; payment collection and insurance agency, safe locker, advisory and attestation, fund and insurance assets trusteeship, and cash management services; and agency services for issuing and underwriting government bonds. Additionally, the company trades in government and financial bonds; provides bill, fixed-income, wealth management, and institutional banking services, as well as Internet, telephone, SMS, mobile, and WeChat banking services. As of December 31, 2020, it had 642 outlets; 5 branches in Foshan, Qingyuan, Heyuan, Zhaoqing, and Zhuhai province, as well as 12 sub-branches and 1 sub-office; 1,713 ATM's; and 685 self-service inquiry terminals, 321 smart service terminals, and 187 smart banking outlets, as well as 75 self-service banking facilities. The company was formerly known as Guangzhou Rural Credit Cooperative Unions and changed its name to Guangzhou Rural Commercial Bank Co., Ltd. The company was founded in 1952 and is headquartered in Guangzhou, the People's Republic of China.