On December 19, Blue Whale News reported (by reporters Jin Lei and Xiao Yang, interns) that on the occasion of the one-year anniversary of the new leader's arrival, Bank Of Nanjing announced on the evening of December 18 that its Board of Directors approved the proposal to adjust the organizational structure of some departments at the headquarters, which includes the establishment, renaming, and elimination of several departments.
Specifically, the recent adjustment of departments at the Bank Of Nanjing involves the corporate and retail lines, with three new departments being established: the Science and Technology Innovation Finance Department, the International Business Department, and the Retail Crediting and Credit Card Department; additionally, the Small Business Finance Department has been renamed the Inclusive Finance Department (Rural Revitalization Finance Department), the Investment Banking Department has been renamed the Investment Banking and Strategic Clients Department, and the Private Banking Department has been renamed the Wealth Management and Private Banking Department; the Retail Basic Customer Department has been eliminated, with its main functions transferred to other related departments.
From the names of the adjusted departments, the organizational adjustment at the Bank Of Nanjing aligns with the broad direction of the 'Five Major Themes'. For example, the newly established Science and Technology Innovation Finance Department, with technology finance being one of the 'Five Major Themes', according to annual report information, by the end of 2023, the Bank Of Nanjing's loans for technology innovation finance increased by 28.21% year-on-year, outpacing the average growth rate of the bank's total credit. Meanwhile, the original Small Business Finance Department has been renamed the Inclusive Finance Department (Rural Revitalization Finance Department).
It is noteworthy that amidst many banks reducing their credit card operations or eliminating credit card departments in recent years, Bank Of Nanjing has gone against the trend by independently establishing a Retail Crediting and Credit Card Department. In the first half of this year, it disclosed that the cumulative card issuance increased by over 10% compared to the beginning of the year, and how Bank Of Nanjing will build market competitiveness in the new stage of deepening its existing credit card operations is something the market is highly anticipating.