Commercial Bank of Dalian, predecessor of Bank of Dalian was established on March 28, 1998, and changed its name to Bank of Dalian with the approval of China Banking Regulatory Commission on February 17, 2007. By the end of 2006, Bank of Dalian has total assets of 61.1 billion yuan, balance of deposits of 51.6 billion yuan and balance of loans of 33.3 billion yuan. It gained profits of 430 million yuan in 2006. The bank has almost 3,000 staff. There are 22 management departments, 8 branches and 106 banking offices under the head office, which are distributed in different districts of Dalian and 3 cities in the north of Liaoning. The 8 branches are Tianjin Branch, Beijing Branch, Shenyang Branch, Chengdu Branch, Yingkou Branch, Shanghai Branch, Dandong Branch and Chongqing Branch respectively.