Brief introduction of Huzhou rural cooperative bank

On August 26th, 24, Nanxun Rural Cooperative Bank was formally established. This bank is not only the first rural cooperative bank established in our city, but also marks the beginning of the reform of rural cooperative financial institutions in our city. By the end of July, the bank's deposits were nearly 4.9 billion yuan, an increase of nearly 2 billion yuan or 68.2% over the end of July 24; Various loans reached 3.56 billion yuan, an increase of 1.57 billion yuan or 78.8% compared with three years ago; The market share of deposits and loans reached 46% and 47% respectively. The non-performing loan ratio decreased from 5.72% to 1.23%. By the end of last year, all kinds of income reached more than 3 million yuan, an increase of 89.3% over the end of 23. All the data show that the comprehensive strength of Nanxun Rural Cooperative Bank has been significantly improved after the system reform.

with the improvement of comprehensive strength, the historical burden has been initially resolved. It is understood that in the past three years, the capital strength of Nanxun Rural Cooperative Bank has been significantly enhanced, special bills have been successfully paid, and 169.77 million yuan of bad loans have been written off, basically solving the burden left over from history.

with the strengthening of its strength, Nanxun Rural Cooperative Bank's ability to support agriculture has been improved. The bank has successively launched new products such as housing loans for farmers in new homes, mortgage loans for current assets, and joint guarantee loans for small and medium-sized enterprises, which have effectively met rural financial needs. The bank also implemented floating loan interest rate management, and differentiated pricing for different customers according to credit status, mortgage and pledge, risk degree, etc., which significantly improved the income level and competitiveness. The bank also actively promotes the harvest card, one-account service and other services.

in addition, the bank's risk prevention and control ability has also been significantly enhanced. In the past three years, the bank has issued more than 16 management systems, conducted special inspections on operational risks for many times, and audited 92 projects successively. The bank also clarified the policy bottom line of credit business and actively promoted five-level classification to control risks. All kinds of measures have significantly improved the risk control ability of Nanxun Rural Cooperative Bank.

at the second shareholders' congress held on the same day, the bank also put forward the targets for the next three years, including the deposits reaching 6.8 billion yuan, the balance of loans reaching 5 billion yuan, the proportion of non-performing loans being controlled within 1.5%, and the book profit reaching 25 million yuan by the end of 29.

regarding the development of nanxun rural cooperative bank, a person in charge of Huzhou office of Zhejiang rural credit union said that rural cooperative financial institutions not only have the function of cooperation and mutual assistance, but also have the profitability requirements of modern financial industry, and profit is to better play the function of cooperation and mutual assistance. The development of Nanxun Rural Cooperative Bank has proved the success of the first round of property right system reform of rural cooperative financial institutions in our city.

At the same time, it is learned that up to now, our city has successively restructured and established four first-level corporate institutions, Nanxun Rural Cooperative Bank, Deqing County Credit Union, Changxing County Credit Union and Xing Wu Rural Cooperative Bank, while Anji County Credit Union has retained two-level corporate system and completed the reform and standardization work. The second round of property rights of rural cooperative financial institutions in our city will also be launched in succession.