Address：No.12, East Zhongshan No.1 Road, Huangpu District, Shanghai
Shanghai Pudong Development Bank Co., Ltd.(“SPD Bank”) is a strategic investment of SIG. SIG holds a 26.55% consolidated share of SPD Bankas its largest shareholder.
SPD Bank was incorporated on January 9, 1993, with the approval of the People’s Bank of China on August 28, 1992. It is a national joint-stock commercial bank headquartered in Shanghai. It was listed on Shanghai Stock Exchange in 1999 (SSE: 600000). Its current registered capital is RMB 19.653 billion. By the end of 2016, its total assets amounted to RMB 5.86 trillion, and its net profit belonging to parent company shareholders was RMB 53.099 billion.
SPD Bank has built up a nationwide commercial bank operation and service network consisting of 41 branches employees. In recent years, SPD Bank has been accelerating its globalization and comprehensive business development. By opening branches in Hong Kong and Singapore, an office in London and SPDB International, it has made substantial progress in globalization. The establishment of SPD Rural Banks, SPDB Financial Leasing Co., Ltd. and SPD Silicon Valley Bank, including its successful acquisition of Shanghai International Trust Co., Ltd., were the milestones on the Bank’s journey to become a financial group with comprehensive business. In 2017, SPD Bank ranked 18th on the list of “Top 500 Banking Brands” released by the British magazine The Banker, with brand value of USD 11.963 billion, being the 6th among Chinese banks on that list. In 2016, SPD Bank ranked 57th on the list of Forbes Global 2000, and ranked the 7th among domestic banks on that list. In addition, SPD Bank took the 29th place on the list of “Top 1000 World Banks” released by The Banker in terms of Tier 1 capital, being 7th among the Chinese banks listed. And SPD Bank ranked 227th on the list of Fortune Global 500, being 9th among the Chinese banks listed. At present, SPD Bank is one of the few domestic joint-stock commercial banks rated with investment grade by each of the major three international credit rating agencies, and all rating outlooks are stable.