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Jiangsu Dongwu Rural Commercial Bank

        The full name of Jiangsu Dongwu Rural Commercial Bank is Jiangsu Dongwu Rural Commercial Bank Stockholding Co., Ltd. (hereinafter referred to as “Dongwu Rural Commercial Bank”), which is approved by China Banking Regulatory Commission, and it’s a local joint-stock financial institution set up by means of initiation mode. Dongwu Rural Commercial Bank has 41 subbranches, 1 business department and 1 clearing center, and 69 sub-branches. The predecessor of Dongwu Rural Commercial Bank is Suzhou Rural Credit Cooperative Union, reorganized by Suzhou Suburb Credit Union and Wuxian Credit Union on December 28, 2002, and it’s the 5th joint-stock rural commercial bank. In 2006, the UK magazine “Banker” ranked it 45th place in “2006 China Banking top 100”.

 

        In order to meet fast developing business objectives, Dongwu Rural Commercial Bank brought forward the requirements for the construction of information systems: Under the premise of learning advanced management concepts and best practices from the domestic and foreign banks, carry through informatized system construction from high starting point. The system should not only satisfy the requirements of the existing operation types and specialized operation, but also need to make improvement gradually in management concepts and business functions. It has strong product innovation and security defense ability, strive to reach or approach the level of state-owned commercial banks or joint-stock bank, gradually into line with international standards, and have strength to compete face to face with foreign banks.

 

        August 2008, the information system construction of Dongwu Rural Commercial Bank initiated. Under the joint efforts of Dongwu Rural Commercial Bank and Jade Bird Software, the project went on smoothly according to plan. As at the end of 2009, the first phase work, including core business systems and Oracle general ledger system, was basically completed and put into operation in June 2009, and the data warehouse system was put into production in early 2010. In the next phase, the bank will continue to cooperate with Jade Bird Software for implementing Administrator Accounting System.

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