Is Rizhao Bank a formal national bank?

This is a formal bank.

Rizhao Bank is a formal commercial bank officially approved by China Banking Regulatory Commission. It is a joint-stock commercial bank with business department, branches, sub-branches and departments, with a registered capital of 654.38+0 billion. With the development, its business varieties are more and more abundant, and flexible deposit and loan forms are constantly introduced, which really brings benefits to the people and fulfills the promises of individual banks. Rizhao Bank is a local bank in Rizhao City, Shandong Province. Its service scope is mainly concentrated in Rizhao city and its surrounding areas. Its advantage lies in its in-depth understanding of the local economy and market demand, and it also provides diversified financial products and services, covering deposits, loans, wealth management, credit cards, international settlement, investment banking, electronic banking and other fields to meet the different needs of individuals and enterprises.