Ping An Bank
- Company typePublic
- Founded1987
- HeadquartersGuangdong, China
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
Ping An Bank firmographics
Firmographics- Name
- Ping An Bank
- Legal name
- Ping An Bank Co., Ltd. (平安银行股份有限公司)
- Website
- https://bank.pingan.com
- Company type
- Public
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Ownership category
- akta.pro rank
Ping An Bank industry classification
Industry- Product category
- Commercial Banking
- NAICS
- Commercial Banking (522110), Commercial Banking (52211)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- General SME & Middle-Market Commercial Banking (FSABABAA)
- akta.pro secondary industries
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Digital Retail Banking (Online & Mobile) (FSABAAAF), Credit Cards & Revolving Credit (FSABAAAC), SME Sector/Specialty Banking (Vertical-focused: Healthcare, Agri, Tech, etc.) (FSABABAI), SME Cash Management & Payments (Merchant, ACH/Wires, Payroll) (FSABABAD), Bank-Affiliated Retail Wealth Management (FSAAAAAB)
Keywords
Where Ping An Bank is headquartered
LocationHeadquarters
- HQ city
- Guangdong
- HQ country
- China
- HQ region
- Asia
Offices1 record
Markets served
Ping An Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Net Interest Income: Interest income from loans and advances to customers minus interest expenses on deposits. Core revenue driver for the bank.
- Fee and Commission Income: Fees from wealth management products, fund distribution, insurance agency, payment services, and advisory services
- Trading and Investment Income: Gains from trading securities, foreign exchange, and investment securities
- Perpetual Capital Bonds: Hybrid capital instruments issued to strengthen capital base
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | LPR-based loan pricing |
| Other | Pay-as-you-go | Personal savings deposit rates |
| Other | Pay-as-you-go | Corporate deposit rates |
Go-to-market motion2 records
Distribution channels7 records
Marketing channels6 records
Ping An Bank product offering
Product offeringCore offering
Ping An Bank operates as a national joint-stock commercial bank providing comprehensive retail, corporate, and investment banking services in China. Its core offerings span deposits, loans, credit cards, wealth management, syndicated lending, supply chain finance, asset custody, and digital financial services delivered through physical branches and the Ping An Pocket Bank mobile platform. The bank serves 12.829 million retail customers and 98.53 million corporate customers with total assets of RMB 5.93 trillion.
Product overview
Ping An Bank operates as a comprehensive commercial banking platform offering retail banking, corporate banking, investment banking, and digital financial services. The core mobile platform is 平安口袋银行 (Ping An Pocket Bank), which provides integrated services for payments, savings, credit cards, and wealth management. The product portfolio spans consumer credit through various credit cards (including 平安全球守护信用卡 and 爱宠信用卡), SME lending via 橙e贷 and 科创贷, automotive finance, investment banking services (银团贷款, 并购融资, 结构性融资), and asset custody services. AI-powered services include the AI专属顾问小安 virtual advisor and YouTu WanXiang generative AI marketing platform. Corporate services are delivered through 平安数字口袋 and 数字财资平台, while retail wealth management centers on 聚财宝 and 黄金账户/聚金宝 products. The bank serves 12.829 million retail customers and 985,300 corporate clients with total assets of 5.93 trillion yuan.
Differentiator
Problem solved
Functional benefit
Brands
- AI Exclusive Advisor Xiaoe (AI专属顾问小安): AI-powered personalized financial service advisor using big data technology to identify customers and provide tailored service recommendations 24/7
- Jujinbao (聚金宝)
- Orange e Loan (橙e贷)
- Digital Pocket (数字口袋)
- Gold Orange Wealth (金橙财富)
- Big Model Open Platform (大模型开放平台)
- Low Carbon Home (低碳家园)
- YouTu WanXiang (优图万象)
Products and services
- Ping An Pocket Bank (平安口袋银行) Mobile-first banking platform providing consolidated services for payments, savings, credit cards, and wealth management products for retail customers.
- Orange e Loan (橙e贷)
Quantifiable outcome
- 100+ large model application scenarios deployed by September 2024
- +5 more outcomes
Companies that use Ping An Bank
Customer profileNamed customers9 records
Segments7 records
Ideal customer profiles6 records
Ping An Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability11 records
Feature6 records
Ping An Bank partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- Guangzhou Zengxin TechnologyminorPing An provides full protection for Guangzhou Zengxin Technology's 12-inch wafer manufacturing line as part of its support for Guangdong's high-quality development and manufacturing sector.
- Guangdong ProvincecorePing An presented at the Guangdong Province High-Quality Development Conference, providing financial services including RMB 2.48 trillion risk protection for 65,000 manufacturing clients, RMB 584.9 billion in loans, and RMB 250 billion in investments toward the province's industrial development.
Scale indicators19 records
Recent moves16 records
Expansion highlights6 records
Ping An Bank competitors and assessment
Company assessmentDirect peers
- China Merchants Bank: China's leading joint-stock commercial bank with a strong retail focus and widely recognized mobile banking app (CMB App); serves comparable retail, SME, and corporate segments with similar digital strategy. Most directly comparable peer given joint-stock structure and retail excellence positioning.
- China CITIC Bank: Major national joint-stock commercial bank with significant retail and corporate banking operations; also participated as arranger/lender in the $710M CDB Aviation sustainability-linked loan alongside Ping An Bank, with comparable business mix and customer segments.
- China Minsheng Bank: One of China's main national joint-stock commercial banks with a strong focus on SME and private enterprise lending; competes directly with Ping An Bank in the Orange e Loan-style SME financing space and similar retail wealth management offerings.
- China Everbright Bank: National joint-stock commercial bank with overlapping retail credit card, wealth management, and corporate banking businesses; comparable scale and product portfolio targeting similar Chinese retail and corporate customer base.
- Shanghai Pudong Development Bank (SPDB): Major joint-stock commercial bank with strong presence in corporate banking, treasury, and retail segments; comparable in digital banking strategy and serves overlapping technology finance and supply chain finance segments where Ping An has built scale.
- Huaxia Bank: National joint-stock commercial bank with comparable retail, SME, and corporate banking offerings; directly competes with Ping An Bank for tech finance and inclusive finance customers within China's joint-stock bank competitive set.
Broad incumbents
- Industrial and Commercial Bank of China (ICBC): World's largest bank by assets and a Chinese state-owned commercial banking giant; competes across retail, corporate, and investment banking segments with massive scale advantages and lower funding costs, recently co-lent with Ping An Bank on the $710M CDB Aviation sustainability loan.
- Postal Savings Bank of China (PSBC): Large state-owned commercial bank with the most extensive retail network in China; competes with Ping An Bank in mass-market retail deposits, SME lending (inclusive finance), and credit cards, and recently aligned with Ping An Bank on precious metals trading restrictions.
- Bank of China: Major state-owned commercial bank with dominant cross-border and trade finance capabilities; participated alongside Ping An Bank in the $710M CDB Aviation sustainability-linked syndicated loan and competes in offshore banking and international corporate banking.
- China Construction Bank (CCB): One of China's 'Big Four' state-owned commercial banks with massive corporate lending, mortgage, and infrastructure finance franchises; competes with Ping An Bank in syndicated lending, technology finance, and large corporate relationships with significantly lower funding costs.
Market position
Weaknesses4 records
Competitive moat7 records
Key risks5 records
Key highlights7 records
Customer concentration
Ping An Bank social profiles
Digital presencePing An Bank compliance and trust
Trust signalCompliance5 records
Ping An Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ping An Bank leadership team
Management profileNumber of profiles
Profiles2 records
Ping An Bank funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ping An Bank M&A and investment
M&A and investmentM&A
Investments8 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ping An Bank
What does Ping An Bank do?
Ping An Bank operates as a national joint-stock commercial bank providing comprehensive retail, corporate, and investment banking services in China. Its core offerings span deposits, loans, credit cards, wealth management, syndicated lending, supply chain finance, asset custody, and digital financial services delivered through physical branches and the Ping An Pocket Bank mobile platform. The bank serves 12.829 million retail customers and 98.53 million corporate customers with total assets of RMB 5.93 trillion.
Is Ping An Bank a public or private company?
Ping An Bank is a public company. It is classified as public and is currently operating.
When was Ping An Bank founded?
Ping An Bank was founded in 1987. It employs 5,001 to 10,000 people.
Where is Ping An Bank based?
Ping An Bank is headquartered in Guangdong, China, in the Asia region.
How does Ping An Bank make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are fee and Commission Income, trading and Investment Income and perpetual Capital Bonds.
Who are Ping An Bank's main competitors?
Direct peers on record are China Merchants Bank, China CITIC Bank, China Minsheng Bank, China Everbright Bank, Shanghai Pudong Development Bank (SPDB) and Huaxia Bank. Broad incumbents are Industrial and Commercial Bank of China (ICBC), Postal Savings Bank of China (PSBC), Bank of China and China Construction Bank (CCB).
Does Ping An Bank have an API?
No public API is recorded for Ping An Bank.
What industry is Ping An Bank in?
Ping An Bank's product category is Commercial Banking. Its primary akta.pro industry code is FSABABAA, General SME & Middle-Market Commercial Banking, with a secondary code of FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 522110 and its SIC code is 6021.