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Ping An Bank awarded Business Model of the Year for 2019


April 19, 2019 | The Asian Banker
  • Ping An Bank took the lead to implement “comprehensive finance model”
  • The bank achieved rapid growth in customer scale under “comprehensive finance model”
  • The bank extend sales capacity through “members gain members” operating model

Dubai, March 21st, 2019 - Ping An Bank was awarded the Business Model of the Year for 2019 at The Asian Banker International Excellence in Retail Financial Awards 2019. The awards ceremony was held in conjunction withThe Excellence in Retail Financial Services Convention 2019at Conrad Dubai, U.A.E on March 21st2019.

PingAn

Standing from left: John Holder, Chief Technologist, Realities Centre London; Representative from Ping An Bank; Richard Hartung, International Resource Director, The Asian Banker

 

Ping An Bank took the lead to implement a “comprehensive finance model”

Comprehensive finance model is to realise "one customer, one account, multiple products and one-stop service" for clients, there is no other similar business model in market. Relying on Ping An Group, Ping An Bank provided customers with a comprehensive financial services including insurance, securities, funds and trusts, as well as life services such as health care, automobile services and urban services.

The bank achieved rapid growth in customer scale under “comprehensive finance model”

Under the strategy of comprehensive finance, by the end of the third quarter in 2018, the number of clients in Ping An Group reached 182 million, in excess of 18.7% compared with last year. Also, the operating income of Ping An Bank's retail business reached 32% which accounted for 51% o...

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