Guangxi Rural Commercial United Bank Co., LTD. (hereinafter referred to as “the Bank“) is a local banking financial institution, was corporated from Guangxi Rural Credit Union on February 6th, 2024,and with Registered Capital of RMB 2.6 billion. The major shareholders of the Bank are Guangxi Finance Department, 9 state–owned enterprises of Guangxi, and 4 other state–owned enterprises of Nanning. The Bank builds “a net” management system by exercising the following duties and functions to the county–level rural cooperative institutions: carries out the CPC leadership, provide service, risk control, and equity management, etc. Upon March 2024,the Bank has 91 county–level rural cooperative institutions (55 county–level rural commercial banks, 10 rural cooperative banks, and 26 credit cooperatives), 2309 subbranches, 13 thousand resident service sites, 26 thousand employees, and 22.3 million effective customers.

In recent years, the Bank is aiming to establish a first–class modern finance enterprise in the region with prominent main business and well–functioning governance system. It firmly implements the strategy of cultivating hard the market in Guangxi; giving priority financial service to agriculture, rural areas, and rural residents; Rural Revitalization; small and micro businesses; urban–rural integration; focusing on key regional segment, leading enterprises, industries with distinctive local features, high quality projects; risk reducing and quality upgrading; advancing reform and increasing efficiency. The Bank pursues high–quality development as main task. It leans into agriculture, rural areas, and rural residents, the market, as well as the future; strengthens the guidance of Party building, strategy, legal compliance, technology; promotes the development of green finance, inclusive finance, technology finance, digital finance, pension finance; makes sustained effort on the main task on holding the ground, reducing risk, upgrading management, promoting reform, convening talents, and strengthening the Party building. By the end of March 2024, the Bank’s total assets, the balance of deposits and the balance of loans has reached 1334.7 billion yuan, 1113 billion yuan, and 801.2 billion yuan respectively, and that all indicators rank 1st in the industry in Guangxi, being the first financial institution in Guangxi with holding assets and balance of deposits over 1 trillion yuan. The market share of deposits and loans ranks 3rd and 6th respectively in national rural credit industry. 

Embedded in Guangxi, the Bank is always the main force in rural finance, the vanguard in local finance, and the leader in inclusive finance, based on its defined functions, supporting agriculture, small businesses and local economy. The Bank’s market share in Guangxi banking industry has reached 24% in balance of deposit, 33% in agricultural loan (494.5 billion yuan), 26% in small and micro business loan (411.7 billion yuan), 61% in farmer loan (301.1 billion yuan), 99% low–income household microloan (17.5 billion yuan). The Bank’s 2023 annual profit has reached 7.3 billion yuan after service fees deduction at 2.2 billion yuan, ranking 1st in enterprises of Guagnxi. Totally 3.6 billion yuan tax was paid, which is 0.1 billion yuan greater than last year, ranking on the top among financial institutions of Guangxi. The Bank’s non–performing loan ratio, capital adequacy ratio and provision coverage outperform the regulatory requirements. The Bank promotes high–quality development constantly, was honored with National Finance Pioneer, the Advanced Collective of Poverty Elimination, the Advanced Collective of the Fiscal, Taxation, and Financial Systems Reform, etc. It also has been selected into the top 10 of the Top 100 Enterprises and the top 5 of the TOP 50 Service Enterprises in Guangxi for multiple years in a row.