Bank of Weifang ( abb. WFCB) is a Chinese urban commercial bank headquartered in Weifang, Shandong Province, China. Established in August 1997, it is a local joint-stock commercial bank. The bank became state-controlled following an equity restructuring in 2018.[2]
The bank has been included in global banking rankings such as 429th in The Bankers Top 1000 World Banks list and 236th (Strength Rank) & 438th (Largest Bank Rank) in TABInsights Top 1000 World’s Strongest Banks Ranking. [3][4]
History
Bank of Weifang was founded in August 1997 with the approval of the People's Bank of China. It was among the early urban commercial banks established in the Shandong Peninsula.[5]
In 2018, the bank completed an equity restructuring and became a state-controlled commercial bank with the Weifang municipal government as its controlling shareholder.[2]
In May 2024, Bank of Weifang's equity restructuring plan has been approved, allowing Weikong Group and Weifang Caifa Group to increase their stake to 9.67% and 11.68% respectively, while Weifang Jiaotou Group will join as a new shareholder with a 9.59% stake, increasing the bank's total share capital by 1.5 billion
Corporate structure
Shareholding
Following its 2018 restructuring, the Weifang municipal government became the largest shareholder.[2]
Subsidiaries
- Qingdao West Coast Haihui Rural Bank
Operations
Branch network
As of 2025, the bank employed more than 3,000 staff and operated 132 outlets.[2]
- Headquarters in Weifang
- One branch in Qingdao with sub-branches
- Branches in Liaocheng, Binzhou, Yantai, and Linyi
Target customers
The bank primarily serves small and medium-sized enterprises (SMEs), retail customers, and the local economy.[5]
Financial Markets
Bank of Weifang is a top 10 Chinese commercial banks in terms of bond trading volume for 3 consecutive years since 2023 according to Shanghai Stock Exchange.[6][7][8]
Financial data
Corporate governance
The bank's governance structure includes a shareholders' meeting, board of directors, board of supervisors, and senior management.[5]
Community activities
The bank has participated in community outreach and financial literacy initiatives, including volunteer programmes and public welfare activities.[10]
See also
- List of banks in China
- Shandong
- Weifang
External links
References
- 潍坊银行2025 年三季度资本管理第三支柱信息披露报告 retrieved 2025-10-31^
- Bank of Weifang – Company Profile Jiemian.com, retrieved 2026-03-29^
- Top 1000 World Banks The Banker, retrieved 2025-07-02^
- 1000 World’s Strongest Banks Ranking 2025 TABInsights, retrieved 2026-03-29^
- Bank of Weifang – About Us Bank of Weifang, retrieved 2026-03-29^
- 上交所2025年度债券交易排名公布 Sina, retrieved 2026-04-02^
- 上交所2024年度债券交易排名公布 Shanghai Stock Exchange, retrieved 2025-05-13^
- 上交所2023年度债券交易排名 Sina, retrieved 2024-02-23^
- Bank of Weifang – The Banker Database The Banker Database, retrieved 2026-03-29^
- 潍坊银行开展志愿服务活动 Qilu Net, 2026-03-06, retrieved 2026-03-29^