The reporter learned from Kunming Panlong Xingfu Village Bank Co., Ltd. (hereinafter referred to as "Panlong Xingfu Village Bank") that on December 28, the head office of Panlong Xingfu Village Bank has officially moved from Nos. 2, 3, 4 and 5, Building 2, Lishui Yayuan Community, No. 2186 Beijing Road, to the 1st to 3rd floors of Building 66, Jiangdong Huacheng.
In order to better and faster promote the development of the local economy, give full play to the role of financial leverage, and expand the service coverage to the grassroots, in 2015, the Panlong District Government promoted Jiangsu Changshu Rural Commercial Bank Co., Ltd. to set up Xingfu Village Bank in Panlong District through investment promotion. In June 2016, Kunming Panlong Xingfu Village Bank was officially opened, which consists of the head office business department, comprehensive management department, risk compliance department, inclusive finance department, financial management department and other functional departments and 7 branches: Beijing Road Branch, Aziying Branch, Dian Yuan Branch, Chuanjin Road Branch, Shuanglong Branch, Ciba Branch and Longtou Street Branch.
Since its establishment, Panlong Xingfu Village Bank has always taken "Prospering All Industries and Benefiting Ten Thousand Families" as its mission, never forgetting its original intention, practicing the mission of inclusive finance, insisting on being small and scattered, inheriting the micro-loan model, and taking "small and beautiful, small and excellent" as its business philosophy, taking root in Panlong, serving the society and people's livelihood, and promoting the economic development of Panlong District. As of September 2023, the total assets of Panlong Xingfu Village Bank are 1,583,322,200 yuan, the balance of deposits is 1,263,375,200 yuan, the balance of loans is 1,437,069,900 yuan, the number of loan households is 5,702, the average household is 252,000 yuan, the balance of agriculture-related loans reaches 417,533,500 yuan, accounting for 29.05%, and the total loans to farmers and small and micro enterprises account for 69.34%. The provision coverage ratio was 221.44%, the liquidity ratio was 42.37%, the capital adequacy ratio was 10.84%, and the core Tier 1 capital adequacy ratio was 9.71%.
In the next step, Panlong Xingfu Village and Township Bank will continue to adhere to the positioning of supporting agriculture and small markets, based on the grassroots, sinking services, implementing flexible policies, being the vanguard of supporting agriculture, small and micro enterprises, and making every effort to do a good job in financial support for inclusive finance and rural revitalization, promote rural revitalization, serve the real economy, expand service coverage, better promote the vitality of the "three rural" financial market, and stimulate the entrepreneurial momentum of local individual industrial and commercial households and small, medium and micro enterprises.
Kunming Daily all-media reporter: Sun Xiao
Editor-in-charge: Li Xiaomei
Editor: Sha Lanmei
Final review: Zhou Jianjun