Weichang Rural Commercial Bank is restructured from Hebei Weichang Rural Commercial Bank Co., Ltd by the Weichang Federation on 24 January 2013. We are a local financial institution with independent legal personality, with registered capital of 93,281,400 yuan and currently 335 employees. The head office has 12 functional departments, 3 small loan centers, 39 sub-branches (business departments), 50 business outlets and 1 exclusive green sub-branch. By the end of April, Weichang Rural Commercial Bank’s total assets were nearly 20 billion yuan, of which the growth rate of green loans was 12.06%, and the green loans accounted for 9.6%, ranking first in the province’s agricultural credit system. The bank invested 10,000,000 yuan in green financial bonds for “clean energy” and “Energy conservation and environmental protection” projects.
In 2023, Weichang County was approved to establish a “green finance pilot county”, taking “mapping the county’s green resources and creating local standards for green finance” as a breakthrough to comprehensively promote the development of green finance. As the driving force of local finance, Weichang Rural Commercial Bank has always assumed the social responsibility of serving the three rural areas and benefiting the public and is bound to shoulder the heavy responsibility of promoting the development of green finance and take the “Green Finance Pilot County” as an opportunity to promote the development of low-carbon and green transformation of the county with practical measures.
In terms of green finance and financial inclusion, Weichang Rural Commercial Bank has formulated the three-year green finance development plan, established the first pilot green sub-branch, improved the product system, strengthened internal and external publicity and education, and improved the system and advocacy of green offices. Taking the opportunity of signing the Principles for Responsible Banking, Weichang Rural Commercial Bank will strengthen the disclosure of information on sustainable finance.