Bank of Nanjing Co., Ltd.: Update to credit analysis
Our credit view of Bank of Nanjing Co., Ltd., reflecting the stabilization in the bank's asset quality, as well as its relatively stable liquidity.Bank of Nanjing is engaged in public deposits; issuing loans; arranging settlement of domestic and overseas accounts; handling the discount of negotiable instruments; issuing financial bonds; issuing, cashing and selling government bonds; buying and selling government bonds; so inter-bank lending and borrowing; buying and selling per se or as agents foreign exchanges; providing letter of credit service and guarantee; handling receipts and payments and insurance businesses; providing safe boxes; and undertaking other businesses approved by the People's Bank of China. As of Dec 31 2007, Co. had total assets of RMB76,063,712,000 and total deposits of RMB50,931,532,000.
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