On 8 th April, 1987 China Merchant Bank was established. Its headquarter is situated in Shenzhen. It is a 4 storied building. With the course of time it is expanding its retail banking business. It has also issued more credit cards in the first few months of this year. As a result the China Merchant Bank is also experiencing a large amount of profit from these card transaction charges. It is infact one of the major Chinese banks. It has become more popular for its good financial services. China Merchant Bank is providing quality services to its corporate clients since last few years.
One of the main functions of the China Merchant Bank is offering corporate loans to the business people. But still it has remained less lucrative organization due to its lesser interest rates. China Merchant Bank is the 4 th lender in Hong Kong list. The IPO of the China Merchants' is sponsored by the China International Capital Corporation, JP Morgan and UBS.
China Merchants Bank Company is indeed the nation's biggest public traded lender. and the 1st share-holding commercial bank owned by corporate legal authorities. Since its foundation its capital expansion has increased thrice. According to the British financial journal, The Banker has ranked 200 among the 1000 world banks. China Merchants Bank has several branches in more than 30 major Chinese cities.
China Merchants Bank provides different facilities to its existing clients. Those include
- Online payment
- Internet banking policies
- Intra-city transfer service
- Credit cards
For its excellent financial service China Merchants Bank has acquired several awards. Such as CMB Achievements and Honors.
