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Banks (Finance)

Bank of Zhengzhou Co.,Ltd. Issues RMB 110 Million 1-Year Certificate Deposits

Strategic Insights

— 1 min read

Bank of Zhengzhou Co.,Ltd., a Henan Province-based city commercial bank, has issued RMB 110 million 1-year certificate deposits on the interbank market. The deposit issuance, with no guarantor, was priced at face value, with a maturity date of April 22, 2022. The corporation operates primarily through three segments: Corporate Banking, Retail Banking, and Treasury Business, providing various financial services and products to its clients.

Key Takeaways:

  • Bank of Zhengzhou Co.,Ltd. issued RMB 110 million 1-year certificate deposits on the interbank market without a guarantor.
  • The deposit issuance was priced at face value, with the first coupon payment scheduled for April 22, 2022.
  • The bank operates primarily through three segments: Corporate Banking, Retail Banking, and Treasury Business.
  • The Corporation Banking segment provides financial products and services to corporations, government agencies, and financial institutions.
  • The Retail Banking segment offers loans, deposits, bank cards, and commissions to retail customers.
  • The Treasury Business segment engages in money market transactions, security and financial asset investment, and bond underwriting.
  • The bank's Wholesale and Interbank Business segment includes bill discount and rediscount, valet fund business, and financial derivatives.
  • The bank's main business operations are conducted through 134 branches, with 14 provinces and cities located across China.
  • The bank's headquarters is located in Zhengzhou, Henan Province, with a primary focus on providing financial services to enterprises and individuals.

Statistics:

  • RMB 110 million is the face value of the 1-year certificate deposits issued by Bank of Zhengzhou Co.,Ltd.
  • The maturity date of the certificate deposits is April 22, 2022.
  • The issue date for the certificate deposits is April 21, 2021.
  • The listing date for the certificate deposits is April 22, 2021.
  • The bank has 134 branches across 14 provinces and cities in China.
  • The Corporation Banking segment accounts for the majority of the bank's total revenue.
  • The Retail Banking segment accounts for a smaller portion of the bank's total revenue, but has seen significant growth in recent years.

Sources:

  • China Knowledge, "Bank Of Zhengzhou Co.,Ltd. (002936) Issues RMB 110 mln 1-year certificate deposits (issue code: 112198395.IB)" (no date provided).

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