As one of the twelve nationwide joint-stock commercial banks, CZBank officially commenced business on August 18, 2004, with its head office in Hangzhou, Zhejiang Province. CZBank is the 13th “A+H” listed bank in China. Since its opening, CZBank has always gained a toehold in Zhejiang and steadily developed its businesses worldwide, and has developed into a high-quality commercial bank with a solid foundation, strong profitability and prudent risk control.

Under the guidance of the vision of being “a first-class commercial bank”, CZBank comprehensively establishes a five-word ecosystem, namely “integrity, simplicity, professionalism, cooperation and honesty”, vigorously carries forward the spirit of “Four-Dos”, exercises the three-word sutra of “goodness, wisdom, and diligence”, adheres to its twelve-word operation approach of “consolidating corporate foundation, adjusting corporate structure, controlling corporate risks, increasing corporate profitability”, and practices the concept of financial services for good. Based on the main line of digital reform, taking deepening development in Zhejiang as its first priority, launching brand-new wealth management, and leveraging the simultaneous and comprehensive synergistic development of the five major business segments, namely great retail, great corporate, great investment banking, great asset management and great cross-border, CZBank won the four major battles, namely, “minimizing risk, expanding revenue, stabilizing stock price and attracting strategic investments”. CZBank has implemented the four major consolidations, namely, “customer base, talent base, system base and investment and research base”, persistently built up a good ballast with assets with low sensitivity to economic cycle, and comprehensively released the productivity of intelligent operation, launching a new journey of high-quality development.

In 2023, CZBank’s operating income was RMB63.764 billion, representing an increase of 4.27% over last year; net profit attributable to shareholders of the Bank was RMB15.048 billion, representing an increase of 10.50% over last year. As at the end of 2023, the total assets were RMB3.14 trillion, representing an increase of 19.91% compared with that at the end of last year, of which total loans and advances to customers were RMB1.72 trillion, representing an increase of 12.54% compared with that at the end of last year; the total liabilities were RMB2.95 trillion, representing an increase of 20.29% compared with that at the end of last year, of which balance of customer deposits were RMB1.87 trillion, representing an increase of 11.13% compared with that at the end of last year; the non-performing loan ratio was 1.44% and allowance to non-performing loans was 182.60%; the capital adequacy ratio was 12.19%, the tier-one capital adequacy ratio was 9.52%, and the core tier-one capital adequacy ratio was 8.22%, all maintaining at a reasonable level.

CZBank has established 342 branch outlets in 22 provinces, autonomous regions, municipalities directly under the Central Government and the Hong Kong Special Administrative Region, effectively covering Zhejiang, where its headquarters are located, the Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, Bohai Rim, Economic Zone on the Western Coast of the Taiwan Straits and certain areas in the Midwestern China. In the “Top 1000 World Banks 2023” ranking by The Banker, U.K., we ranked 87th in terms of tier-one capital. China Chengxin International gave CZBank the highest AAA corporate credit rating among financial institutions.