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- Shenzhen Rural Commercial Bank
Shenzhen Rural Commercial Bank Valuation, Funding & Investors
Shenzhen Rural Commercial Bank is valued at $12B as of February 2026.
Last Shenzhen Rural Commercial Bank valuation
$12B
Secondary · Feb 2026
Last Shenzhen Rural Commercial Bank funding round
$219M
Undisclosed stage · Jan 2025
Cumulative funding Shenzhen Rural Commercial Bank raised
$1B
across 2 funding rounds
Key investors in Shenzhen Rural Commercial Bank
About Shenzhen Rural Commercial Bank
Shenzhen Rural Commercial Bank is a Shenzhen-headquartered commercial bank operating one of the city's largest branch networks. It delivers retail banking, corporate loans, wealth management, and digital payment services to individuals and businesses throughout Guangdong Province. Listed on the Shenzhen Stock Exchange since 2016, the bank supports small and medium enterprises with specialized financing products.
Founded
2005
HQ
Website
Status
Privately held
Customer focus
B2C & B2B
Revenue model
Services
Valuation
$12B (Feb 2026)
Sectors
Shenzhen Rural Commercial Bank Valuation
Shenzhen Rural Commercial Bank is currently valued at $12B, based on its secondary sale in February 2026. Read the announcement ↗
The $45M round included DBS Bank.
Shenzhen Rural Commercial Bank's valuation has grown 1.9x from $6.2B at its undisclosed-stage round in April 2021 to $12B in February 2026, across 3 priced rounds.
Shenzhen Rural Commercial Bank valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2026 | Secondary | $12B |
| Jan 2025 | Undisclosed stage | $8.1B |
| Apr 2021 | Undisclosed stage | $6.2B |
Shenzhen Rural Commercial Bank Funding History
Shenzhen Rural Commercial Bank has raised a total of $1B across 2 funding rounds, plus 2 secondary share sales.
Shenzhen Rural Commercial Bank's first fundraising round was a $811M undisclosed-stage round in April 2021. The most recent completed round was a $219M undisclosed-stage round in January 2025.
Shenzhen Rural Commercial Bank funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2026 | Secondary | DBS Bank | $45M | $12B | DBS Bank, the wholly owned subsidiary of DBS Group Holdings, raised its shareholding in Shenzhen Rural Commercial Bank from 19.40% to 19.90% by acquiring 52.2 million shares at RMB 5.94 per share for a total of RMB 310 million, announced in an exchange filing in early February 2026. The price represented 1.05 times SRCB's book value per share as of 30 June 2025 and was paid entirely from DBS's internal cash resources. The purchase was the latest in a sequence of increases that began when DBS subscribed for a 13% stake in October 2021 for RMB 5,286 million, rose to 16.69% in January 2024 and to 19.40% in January 2025. DBS continues to account for SRCB as an associate, citing significant influence through its board representation. Shenzhen Rural Commercial Bank was established in 2005 and is a commercial bank serving retail customers and small and medium-sized enterprises in Shenzhen through more than 200 branches. The investment supports DBS's strategy of deepening its presence in China's Greater Bay Area. |
| Jan 2025 | Undisclosed stage | DBS Bank (lead) | $219M | $8.1B | Shenzhen Rural Commercial Bank (SRCB) is a Chinese regional bank operating in the Greater Bay Area. DBS Bank, a subsidiary of DBS Group Holdings, increased its minority stake in SRCB from 19.40% to 19.90% on 19 November 2025 by acquiring 52.2 million shares at CNY 5.94 per share, for a total of CNY 310 million (approximately SGD 57 million or USD 44.78 million). This transaction valued the acquired shares at 1.05 times SRCB's book value as of 30 June 2025 and builds on prior investments, including a 13% stake acquired in October 2021 and a further increase to 16.69% in January 2024. The deal aligns with DBS's strategy to deepen its presence in China's Greater Bay Area while maintaining SRCB as an associate for influence and earnings exposure. DBS views the modest 1.05x book value multiple as signaling confidence in SRCB's asset quality and future profitability. The stake increase coincides with DBS reporting a 10% Q4 profit decline due to lower net interest margins. |
| Jan 2024 | Secondary | DBS Bank (lead) | $285M | - | DBS Bank agreed at the turn of 2023 into 2024 to raise its shareholding in Shenzhen Rural Commercial Bank from 13% to 16.69%, buying 383.6 million shares at 5.25 yuan each from Shenzhen Huaqiang Asset Management Group. The consideration was about SGD 376 million, or roughly USD 285 million, and DBS funded it entirely from internal cash reserves; the purchase was subject to regulatory approvals and DBS said it expected the deal to be immediately accretive to earnings and return on equity. The step followed DBS's original subscription for a 13% stake in the bank in 2021 for RMB 5,286 million and was itself followed by further purchases that took the holding to 19.40% in January 2025 and 19.90% in early 2026. Shenzhen Rural Commercial Bank was established in 2005 and is a privately owned, professionally managed commercial bank operating more than 200 branches, almost all of them in Shenzhen, serving over five million retail customers and around 170,000 corporate customers with a loan book weighted towards small and medium-sized enterprises. The investment is part of DBS's strategy of deepening its presence in China's Greater Bay Area. |
| Apr 2021 | Undisclosed stage | DBS Bank (lead) | $811M | $6.2B | Shenzhen Rural Commercial Bank (SRCB) is a Chinese regional bank operating in the Greater Bay Area. DBS Bank first acquired a 13% stake in October 2021 by purchasing 1.35 billion new shares at RMB 3.91 per share, equivalent to 1.01 times book value per share as of December 31, 2020. DBS subsequently increased its stake to 16.69% in January 2024 and further to 19.4% in late 2024 by acquiring 281.6 million shares at CNY 5.67 per share (1.05x 3Q2024 book value), for CNY 1.596 billion. Later transactions in 2025 raised it to nearly 20%. |
Who has invested in Shenzhen Rural Commercial Bank?
1 investor has backed Shenzhen Rural Commercial Bank across its funding rounds, including DBS Bank.
Lead investors include DBS Bank.
Shenzhen Rural Commercial Bank Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialShenzhen Rural Commercial Bank Competitors
Shenzhen Rural Commercial Bank competitors include listed companies like Garanti BBVA, Canara Bank, ChongQing Rural Commercial Bank and Absa Group, and private ones like C6 Bank and Huarong Xiangjiang Bank.
| Company | HQ | Status | Revenue | Valuation | Revenue Multiple |
|---|---|---|---|---|---|
| Publicly listed | $8.2B | $12B | 1.3x | ||
| Publicly listed | $6.8B | $12B | 1.7x | ||
| Publicly listed | $4.3B | $12B | 2.5x | ||
| Publicly listed | $7B | $12B | 1.6x | ||
| Private | $1.7B | $5B | 3.0x | ||
| Private | - | $4.4B | - |
Shenzhen Rural Commercial Bank Public Comps
Shenzhen Rural Commercial Bank is still privately-owned, but its public comps include Garanti BBVA, Canara Bank, ChongQing Rural Commercial Bank, Absa Group, Power Finance Corporation, Industrial Bank of Korea, Alpha Bank, Ally Financial, Freedom Holding and Israel Discount Bank.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $8.2B | - | 1.5x | 1.3x | - | - | |||
| $6.8B | - | 1.7x | 1.7x | - | - | |||
| $4.3B | - | 2.7x | 2.5x | - | - | |||
| $7B | - | 1.7x | 1.6x | - | - | |||
| $4.6B | - | 2.5x | 4.2x | - | 4.4x | |||
| $7.4B | - | 1.6x | 1.8x | - | - | |||
| $2.4B | - | 4.7x | 4.2x | - | - | |||
| $8.8B | - | 1.3x | 1.3x | - | - | |||
This data is available for Pro users. Sign up to see all Shenzhen Rural Commercial Bank competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Shenzhen Rural Commercial Bank
| When was Shenzhen Rural Commercial Bank founded? | Shenzhen Rural Commercial Bank was founded in 2005. |
| Where is Shenzhen Rural Commercial Bank headquartered? | Shenzhen Rural Commercial Bank is headquartered in Shenzhen, China. |
| Is Shenzhen Rural Commercial Bank publicly listed? | No, Shenzhen Rural Commercial Bank is a private, VC-backed company. |
| What is Shenzhen Rural Commercial Bank's valuation? | Shenzhen Rural Commercial Bank was last valued at $12B in its secondary sale in February 2026. |
| How much funding has Shenzhen Rural Commercial Bank raised? | Shenzhen Rural Commercial Bank has raised $1B across 2 funding rounds. |
| What was Shenzhen Rural Commercial Bank's last funding round? | Shenzhen Rural Commercial Bank's last funding round was a $219M undisclosed-stage round in January 2025, led by DBS Bank. |
| Who are Shenzhen Rural Commercial Bank's investors? | Shenzhen Rural Commercial Bank's investors include DBS Bank. |
| Which companies are comparable to Shenzhen Rural Commercial Bank? | Companies comparable to Shenzhen Rural Commercial Bank include Garanti BBVA, Canara Bank, ChongQing Rural Commercial Bank, Absa Group, C6 Bank and Huarong Xiangjiang Bank. |
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