Business Overview Financial Summary
With total assets in Luzhou as of December 31, 2017, Luzhou Commercial Bank is the largest commercial bank in Luzhou, Sichuan Province. The Group is also the only urban commercial bank headquartered in Luzhou. As a local financial enterprise controlled by a country, the Group has been actively participating in local economic development, industrial upgrading and urban construction in Luzhou since its establishment 21 years ago in 1997. The Group strives to establish itself as a bank with the core values of “a bank of learning, a bank of democracy, a bank of sunshine, a bank of unity, a bank of accountability” and is committed to providing differentiated financial services to customers. The Group's business network has effectively covered the three districts and four counties of Luzhou. In February 2017, the Group established its first offsite branch, the Chengdu branch. As of June 30, 2018, the Group had 7,256 corporate bank customers and 647,969 retail bank customers.
Competitive advantage
Benefit fully from the dynamic local economy, unique location advantages and excellent credit environment in Sichuan Province and Luzhou
Precisely grasp customer needs, innovate products and services, and fully demonstrate your advantages to develop characteristic retail banking business
Rooted in Luzhou, spread across the province, and provided comprehensive financial solutions for corporate bank customers
Risk Factors
If the group is unable to effectively maintain the quality of the loan union, the group's financial condition and operating results may be significantly adversely affected
The Group's provision for depreciation of customer loans may not be sufficient to cover the Group's future loan union's actual losses
The group faces the risk of concentration of credit investment from a number of industries, borrowers and regional credit lenders
Use of proceeds
Approximately 100% is used as the capital base for strengthening the Group