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Hankou Bank must diversify income sources to ensure continued growth
Zhu Yongtong, CEO and President of Hankou Bank discusses the bank’s main growth drivers and efforts to boost SME lending to technology firms based in Wuhan.

Nov 26, 2012 | Baron Laudermilk

Hankou Bank, the largest commercial bank in Wuhan, China, is experiencing rapid business development – due to Wuhan’s booming industrial economy and the bank’s increased credit lending to state-owned businesses as well small-medium sized enterprises (SMEs). The bank’s fast-paced growth in the last few years has also propelled it into the ranks of The Asian Banker’s 2011 “Largest Growth in Deposits” category (coming in at 20th place), and seen it add more than 68% to deposits in one year. The bank held more than $138 billion in assets in 2011, and is among the strongest banks in Asia Pacific,…

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Categories: China, Mobile Banking, Retail Banking, SME Banking, Wealth Management
Keywords: Hankou Bank, Zhu Yongtong, HNWI
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