Shenzhen City Commercial Bank (SZCCB) is not rated by Standard & Poor's Ratings Services. This analysis is a general credit comment based on publicly available information. It is published here as part of a review of China's banking sector. SZCCB has a modest market share and its financial profile is unsatisfactory. Future business expansion and profitability are constrained considerably by weak capitalization, high NPLs, inadequate provisioning, and credit concentration risk. Nevertheless, the bank is more transparent than its peers, as observed from its comparatively comprehensive annual report. SZCCB was China's first city commercial bank, established in August 1995. SZCCB's home base, Shenzhen, is one of China's most developed cities. In 2004, Shenzhen had a population of 59.76 million, and its...
Companies mentioned in this report are: China (People's Republic of )
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