Company type | Private |
---|---|
Industry | Finance |
Founded | Luqiao District, Taizhou, Zhejiang, Eastern China (June 28, 1993) |
Headquarters | Taizhou, Zhejiang province, People's Republic of China |
Number of locations | > 50 (2011) |
Key people | Mr. Wang Jun (王钧), Chairman of the Board Mr. Wang Guanming(王官明), CEO |
Products | Banking |
Revenue | CNY 1 billion before tax (2011), around $150 million (Asset = CNY 50 billion (2011), around $ 7.7 Billion |
Number of employees | 8404 (2020)[1] |
Website | www.zjtlcb.com |
Zhejiang Tailong Commercial Bank (TLB) (Chinese: 浙江泰隆商业银行; pinyin: Zhèjiāng Tàilóng Shāngyè Yínháng), one of several SME financing service providers, is headquartered in Taizhou, Zhejiang Province, Eastern China. Since its inception, the bank has cumulatively provided over ¥150 billion (around $23 billion) loans with average loan size of ¥500,000 to its clientele, and over 90% of which are peasants-turned entrepreneurs. As its clientele often lacks the assets required by larger banks when applying for a loan, TLB grants and disburses loans secured through guarantors, which collateral form accounts for 99% of the total loans outstanding. In addition to that, the number of loan officers is almost half of the total staff, due to the labor-intensive nature of SME lending business. By the end of December 2011, TLB had eight branches, two village and town banks and 50 sub-branches which are mainly spread out around the Yangtze River Delta region.[citation needed]