What bank does the rural commercial bank belong to?
Rural commercial bank is a joint-stock local commercial bank. The full name of rural commercial bank is rural commercial bank, which was reformed from rural cooperative bank. Rural commercial banks are joint-stock local financial institutions. Rural commercial banks are funded and established by farmers, enterprise legal persons, rural industrial and commercial households and other economic organizations within their jurisdiction, and their qualifications are joint-stock commercial banks.
Are rural commercial banks the same as rural credit cooperatives?
No, the differences between rural commercial banks and rural credit cooperatives are: different concepts, different nature, different regulatory agencies and different scales.
1, different concepts.
Rural credit cooperatives, referred to as rural credit cooperatives for short, refer to rural cooperative financial institutions established with the approval of the People's Bank of China, which are composed of members' shares, implement democratic management, and mainly provide financial services for members; Rural commercial banks, referred to as rural commercial banks for short, refer to local banks composed of farmers, rural industrial and commercial enterprises and enterprise legal persons within their jurisdiction.
2. Different in nature
Rural credit cooperatives are joint-stock cooperative enterprises belonging to local financial institutions, which can not reach the scale of banks and operate irregularly; Rural commercial banks are joint-stock companies with relatively standardized operations.
3. Different regulatory agencies
The supervision institution of rural credit cooperatives is the provincial association; The bank's regulatory body is the Bank of China Insurance Regulatory Commission.
4. Different scales
Rural credit cooperatives are relatively small in scale. Only when it reaches a certain scale and meets the core capital adequacy ratio, capital adequacy ratio, non-performing loans and bad debt reserve adequacy ratio, can it be upgraded to a rural commercial bank, and can it be listed as a rural commercial bank after being audited by the China Insurance Regulatory Commission of China Bank. Rural commercial banks are bigger than rural credit cooperatives and are an upgraded version of rural credit cooperatives. You can go public and become a public company in the future, but credit cooperatives can't go public.