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Bank of Weifang

Bank of Weifang () is a Chinese urban commercial bank headquartered in Weifang, Shandong Province, China. Established in August 1997, it is a local joint-stock commercial bank. The bank became state-controlled following an equity restructuring in 2018.

The bank has been included in global banking rankings such as The Bankers Top 1000 World Banks list and TABInsights Top 1000 World’s Strongest Banks Ranking.

History

Bank of Weifang was founded in August 1997 with the approval of the People's Bank of China. It was among the early urban commercial banks established in the Shandong Peninsula.

In 2018, the bank completed an equity restructuring and became a state-controlled commercial bank with the Weifang municipal government as its controlling shareholder.

As of 2025, the bank operates regional branches in Qingdao, Liaocheng, Binzhou, Yantai, and Linyi. It also holds a controlling stake in Qingdao Xihai'an Huihui Community Bank.

Corporate structure

Shareholding

Following its 2018 restructuring, the Weifang municipal government became the largest shareholder.

Subsidiaries

  • Qingdao Xihai'an Huihui Community Bank

Operations

Branch network

As of 2025, the bank employed more than 2,500 staff and operated 106 outlets.

  • Headquarters in Weifang
  • One branch in Qingdao with sub-branches
  • Branches in Liaocheng, Binzhou, Yantai, and Linyi

Target customers

The bank primarily serves small and medium-sized enterprises (SMEs), retail customers, and the local economy.

Financial data

Asset scale

As of June 2025 , the bank reported total assets of RMB 327.24 billion and outstanding loans of close to RMB 40 billion.

Tier 1 capital ranking

According to The Banker database, the bank is included among global banks ranked by Tier 1 capital.

Corporate governance

The bank's governance structure includes a shareholders' meeting, board of directors, board of supervisors, and senior management.

Community activities

The bank has participated in community outreach and financial literacy initiatives, including volunteer programmes and public welfare activities.

See also

References

External links