数说者·2025-09-14 23:31Core Viewpoint - The article provides a comparative analysis of Jiangsu Bank and Nanjing Bank, highlighting their strengths, market positions, and financial performance, indicating that Jiangsu Bank has outperformed Nanjing Bank in several key financial metrics and is positioned as the largest city commercial bank in China as of mid-2025 [2][45]. Group 1: Background and Structure - Jiangsu Bank was established in January 2007 through the merger of city commercial banks in ten cities in Jiangsu Province, excluding Nanjing [3]. - Nanjing Bank was founded in 1996, evolving from 39 city credit cooperatives and has undergone several name changes and ownership changes, including foreign investments [4][6]. Group 2: Shareholding Structure - Jiangsu Bank's top shareholders include Jiangsu International Trust Co., Ltd. (6.98%) and Jiangsu Phoenix Publishing & Media Group Co., Ltd. (6.93%), both state-owned enterprises [4]. - Nanjing Bank's major shareholders include BNP Paribas (12.93%) and Nanjing Zijin Investment Group Co., Ltd. (10.92%), with significant foreign investment [6]. Group 3: Capital Market - Both banks are listed on the Shanghai Stock Exchange, with Jiangsu Bank listed since August 2016 and Nanjing Bank since 2007 [7][8][9]. Group 4: Operational Coverage - Both banks have achieved full coverage across 13 cities in Jiangsu Province, with Jiangsu Bank having 17 branches and 522 sub-branches, while Nanjing Bank has 16 branches and 289 outlets [11]. Group 5: Subsidiaries - Jiangsu Bank has four subsidiaries, including Su Yin Financial Leasing Co., Ltd. and Su Yin Wealth Management Co., Ltd. [12]. - Nanjing Bank has three subsidiaries and also holds stakes in three other companies, indicating a broader business scope [13]. Group 6: Employee Situation - As of the end of 2024, Jiangsu Bank had 20,780 employees, with 20.70% holding master's degrees, while Nanjing Bank had 18,045 employees, with 30.13% holding master's degrees [14]. Group 7: Financial Performance - In 2024, Jiangsu Bank's total assets reached 395.20 billion, with a net profit of 318.43 billion, while Nanjing Bank's total assets were 259.14 billion, with a net profit of 201.77 billion [15]. - By mid-2025, Jiangsu Bank's total assets increased to 478.85 billion, while Nanjing Bank's reached 290.14 billion, indicating Jiangsu Bank's growth trajectory [15]. Group 8: Long-term Trends - Over the past decade, Jiangsu Bank's total assets have consistently been about 1.5 times larger than those of Nanjing Bank, with both banks showing growth [19]. - Jiangsu Bank's operating income has also consistently exceeded that of Nanjing Bank, with a growing margin from 1.18 times in 2016 to 1.61 times in 2024 [21]. Group 9: Asset Quality - Both banks maintain strong asset quality, with non-performing loan ratios below 0.9% and high provision coverage ratios exceeding 300% [18][34]. - Jiangsu Bank's provision coverage ratio has improved significantly from 192.06% to over 350% [35]. Group 10: Compensation and Benefits - Jiangsu Bank's employee costs have consistently been higher than those of Nanjing Bank, with average salaries of approximately 560,000 and 530,000 respectively [42][43].