Evergrowing Bank Opens Branch in SIP
To celebrate the 16th anniversary of Suzhou Industrial Park (SIP), Evergrowing Bank opened its Suzhou branch at Xinghai Building west of Jinji Lake.
With the approval of People's Bank of China in 2003, Evergrowing Bank introduced joint stock system and became a national joint-stock commercial bank. Headquartered in Yantai, Shandong Province, the Bank opened over 100 branches in the country. In June 2008, with Singapore-based United Overseas Bank becoming its overseas strategic investor, Evergrowing Bank has been endeavoring to become a first-class stock commercial bank by the strategy of "nationwide deployment and global expansion".
Initiated in August 2009 with the approval of Jiangsu Banking Regulatory Bureau, Evergrowing Bank Suzhou Branch opened for trial operation in February 2010. Among nearly 80 employees of the branch, 80% are college graduates with at least bachelor degrees.
SIP has gathered 105 financial and quasi-financial institutions, including 80 venture capital companies, 20 banks, and 10 guarantee companies, offering various financial products to local SMEs and jointly creating a comprehensive capital support system integrating startup and industrial investment as well as financing guarantee and covering different sizes and development stages of enterprises.
May 28, 2010
