Anshan Bank has high interest rates on deposits. Are there any risks? Will the bank collapse one day and not even get the principal back?

There are certain risks, so you need to choose carefully.

The predecessor of Anshan Bank Co., Ltd. is Anshan City Credit Union, which was established in 1991. In December 1996, it was officially established as Anshan Commercial Bank. In 2010, the China Banking Regulatory Commission officially approved the name change to Anshan Bank Co., Ltd. company. As of the end of 2012, the bank had 19 first-level sub-branches and 77 second-level sub-branches; various deposits reached 50.7 billion yuan, and total loans reached 32.9 billion yuan. Both deposit and loan scale ranked first in Anshan City; the balance of non-performing loans was 306 million yuan, with a non-performing loan ratio of 0.93%; a pre-provision profit of 1.25 billion yuan, a provision coverage ratio of 417.42%, and a capital adequacy ratio of 14.22%. All regulatory indicators have reached the standards of a good bank. It is among the financial institutions in Anshan. The bank with the largest assets and the best profitability.

Since its establishment, Anshan Bank Co., Ltd. has always adhered to the market positioning of "based on the development of small and medium-sized enterprises, based on the development of retail business, based on customer needs", and actively supports Anshan's municipal infrastructure construction, education and health services, Private enterprises and re-entrepreneurial enterprises have invested a total of more than 70 billion yuan in liquid bonuses, project loans, and personal consumption loans, becoming an important force in supporting local economic construction and making great contributions to local economic development. While supporting the local economy, Anshan Bank Co., Ltd. firmly establishes the service concept of "customer first, service first", implements the "customer satisfaction strategy" and "service commitment system", and gives full play to its characteristics of numerous branches and experienced employees. , providing customers with convenient, fast and high-quality services. Its specialty product - "Qianshan Card" is one of the first batch to join the National UnionPay project, which can realize consumption and ATM cash withdrawal functions in 12 countries or regions including Hong Kong, Macau, and the United States. Honeysuckle Financial Management, Good Luck POS, SMS Banking, Telephone Banks have become an indispensable financial tool for Anshan citizens.

With its impressive performance and high-quality products and services, Anshan Bank Co., Ltd. has won high praise from society and attracted the attention of China's financial community. In 2007, Anshan Commercial Bank Co., Ltd. was selected as one of the 30 most competitive financial institutions in China's financial industry by the China Financial Awards. Party Secretary and Chairman Fang Yunming was awarded the 2006 Top Ten People of the Year in China's City Commercial Banks; , Chairman Fang Yunming was elected as a representative of the Liaoning Provincial People's Congress; in 2008, Anshan Commercial Bank Co., Ltd. was selected as the most growing financial institution in China by the Fifth China Financial Annual Conference. Party Secretary and Chairman Fang Yunming was awarded the 2008 China City Commercial Bank Person of the Year; in the same year, Anshan Commercial Bank Co., Ltd. successfully passed the ISO9001 international quality system certification and became the first banking institution in the city to pass international certification; Chairman Fang Yunming won the honorary title of "Liaoning Provincial Model Worker"; in 2010, Anshan Bank Co., Ltd. was named "Top 100 Financial Brand Institutions with the Most Growth Potential in 2010" by the China Financial Industry Brand Annual Conference. Chairman and Party Secretary Fang Yunming was awarded the "Outstanding Contributor to China's Financial Industry in 2010"; President Huang Wei was awarded The honorary title of “Excellent Operator of Liaoning Province”. In 2012, Anshan Bank was rated as "Advanced Collective of Liaoning Province" and "Civilized Unit of Liaoning Province".