China Merchants Bank Co Ltd - Company Profile
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China Merchants Bank Co Ltd (CMB) is a provider of wholesale and retail banking products and services to individuals and corporate clients. The bank’s loan product portfolio comprises personal loans, housing loans, micro business loans, car loans, corporate loans, liquid capital loans, fixed asset loans, and mortgage and educational loans. Its accounts offerings include demand deposits, time deposits, savings accounts, and call deposits. As part of its related financial services, CMB offers remittance, electronic banking, cash management, M&A financing, international banking, wealth management, investment banking, trade financing, and custody services. It also offers pension products and credit cards. The bank operates offices in China, Hong Kong, Luxembourg, the UK, the US, Australia, Singapore, and Taiwan. CMB is headquartered in Shenzhen, Guangdong, China.
China Merchants Bank Co Ltd premium industry data and analytics
Products and Services
Products | Services |
---|---|
Loans: | Foreign Currency Exchange |
Salary Loans | Home Banking |
Credit Loans | Payment by Card |
XYZ | XYZ |
XYZ | XYZ |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Contracts/Agreements | In July, the company entered into a partnership with the Civil Aviation Administration for cutting-edge e-CNY platform. |
2021 | Plans/Strategy | In March, the company announced its plans to acquire 15% stake in Taizhou Bank. |
2021 | Contracts/Agreements | In January, the company along with JPMorgan Chase & Co announced their plans to form Chinese joint venture in wealth management. |
Competitor Comparison
Key Parameters | China Merchants Bank Co Ltd | Postal Savings Bank of China Co Ltd | Bank of Communications Co Ltd | China CITIC Bank Corp Ltd | China Everbright Bank Co Ltd |
---|---|---|---|---|---|
Headquarters | China | China | China | China | China |
City | Shenzhen | Beijing | Shanghai | Beijing | Beijing |
State/Province | Guangdong | Beijing | Shanghai | Beijing | Beijing |
No. of Employees | 116,529 | 197,146 | 91,210 | 61,323 | 47,582 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Wang Liang | Director; Chief Executive Officer; President | Executive Board | 2022 | 59 |
Zhu Jiangtao | Director; Executive Vice President; Chief Risk Officer | Executive Board | 2023 | 52 |
Peng Jiawen | Chief Financial Officer; Executive Vice President; Secretary | Senior Management | 2023 | 55 |
Jiang Chaoyang | Chief Information Officer | Senior Management | 2019 | 57 |
Miao Jianmin | Chairman | Non Executive Board | 2020 | 59 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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