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GRCB History

1. November 1952 The first rural credit cooperative in Guangzhou was established.

2. June 1998 Guangzhou Rural Credit Cooperative Union was established.

3. October 2006 Guangzhou Rural Credit Cooperative was established upon completion of the corporate reform into a unified legal person.

4. December 2009 Guangzhou Rural Credit Cooperative was restructured and Guangzhou Rural Commercial Bank Co., Ltd. was incorporated.

5. June 2010 To meet the financing needs of small and micro customers, our Bank was the first commercial bank in Guangzhou to cooperate with IPC GmbH to introduce its internationally world-leading micro finance technology.

6. August 2010 Huaibin Zhujiang County Bank Co., Ltd. and Huangchuan Zhujiang County Bank Co., Ltd., being the first batch of county banks established by our Bank as one of the promotors, were officially opened.

7. January 2011 Our Bank was approved to commence Renminbi credit card business and we launched our "Sun Credit Card" in the same year.

8. March 2011 We established our Micro and Small Finance Business Department (currently known as "Small and Micro Business Department") and set up our direct operation team for micro and small finance business.

9. December 2013 Heyuan Dongyuan Sub-branch, being the first sub-branch of our Bank outside Guangzhou, was officially opened.

10. January 2014 Our Bank was qualified to commence securities investment fund custody business, being the first rural commercial bank in China to obtain such qualification.

11. June 2014 Our Bank was qualified to issue interbank certificates of deposits, and successfully issued our first tranche of interbank certificates of deposits on the China Foreign Exchange Trading System in September 2014.

12. August 2014 Our Neo Sun Foundation was established, which builds up our good corporate culture of contributing to the society and taking up social responsibilities. December 2014 Zhujiang Financial Leasing Co., Ltd., our wholly-owned subsidiary, was officially opened. It is the first financial leasing company controlled by a rural commercial bank in Guangdong Province. Qingyuan Branch, being the first branch of our Bank outside Guangzhou, was officially opened.

13. March 2015 Our Bank was qualified to commence credit asset securitization business, being one of the first rural commercial banks to obtain such qualification since the reform of the filing system of CBRC.

14. August 2015 Our Bank was among "Top 500 Chinese Enterprises in 2015" jointly announced by China Enterprise Confederation and China Enterprise Directors Association for the first time. We were the only rural commercial bank on the list and were ranked 10th among the enterprises on the list in terms of profit margin.

15. December 2015 Our Bank successfully launched an SME credit asset securitization product. Our total assets exceeded RMB500 billion during the year, symbolizing our evolution into a medium commercial bank.

16. June 2016 Our Bank was among "Top 1000 World Banks 2016" according to The Banker. We were ranked 203rd among commercial banks in the World in terms of tier-one capital and had been on the list for seven consecutive years.

17. August 2016 Our Bank was among "Top 500 Chinese Enterprises in 2016" jointly announced by China Enterprise Confederation and China Enterprise Directors Association. We were ranked 441st in terms of operating income, up 32 positions as compared to 2015.

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