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Get to know Bank of Luoyang

Founded in 1997 as Luoyang City Commercial Bank, Bank of Luoyang was a joint-stock commercial bank headquartered in Luoyang, Henan Province, China. It provided comprehensive financial services including corporate banking (loans, deposits, trade finance), retail banking (personal loans, mortgages, credit cards), and financial market services. The bank's mission was to serve the local economy, small and medium-sized enterprises, and urban and rural residents. In May 2022, Bank of Luoyang was officially merged and absorbed by Bank of Central Plains Co., Ltd. as part of a provincial government-led consolidation of regional banking assets to create a larger, more competitive provincial bank.

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Bank of Luoyang

China

Founded in

1997 (29 Years)

Founded

Last online: No recent activity

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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