
The selection of “Top 100 Competitive Microfinance Companies” and other awards organized by China Microfinance Institution Association comes to an end, 12 microfinance companies of Orient Bangxin, namely Beijing Bangxin, Jilin Bangxin, Nanning Bangxin, Shenyang Bangxin, Dalian Bangxin, Haikou Bangxin, Kunming Bangxin, Qingdao Bangxin, Taiyuan Bangxin, Xi’an Bangxin, Zhengzhou Bangxin, Tianjin Dingxin, were awarded “Top 100 Microfinance Companies” out of 8000 microfinance companies with their advantages on 21 aspects, such as risk management, featured products, business model and social responsibility, etc.
Orient Bangxin and its microfinance companies adhere to the inclusive finance principle of “micro and diversified” and take advantage of its rich management experience, efficient business operation mechanism and strong rick management platform to serve various small and micro businesses, agriculture, farmer and rural area, individual businesses, microfinance companies and individuals. Since its establishment, Orient Bangxin has kept improving and innovating its management with the characteristics of COAMC, which has been supported and approved by all walks of the society.
By the end of 2014, Orient Bangxin owns 24 Bangxin microfinance companies and two platform companies, namely Orient Bangxin Capital and Orient Bangxin Financial Technology, and its 64 branches have covered suburbs and rural areas in 20 provinces. It has developed to the largest microfinance group with a registered capital of 5.67 billion yuan.
In 3 years, Orient Bangxin and its microfinance companies have granted 30384 loans to 26633 families and individuals, with an accumulated amount of 29.859 billion yuan, which has indirectly created over half a million jobs and accumulatively paid taxes of 479 million yuan.
