Research on Competitiveness of Shengjing Bank under Factor Analysis

Abstract

Since 2017, the world economic environment has changed profoundly, and Chinese city commercial banks, especially Shengjing Bank, have been deeply affected by it. Therefore, Shengjing Bank's 2018 interim report states that it is necessary to comprehensively strengthen risk management, to innovate intermediate businesses and other business structures, and improve Beijing Bank's overall competitiveness. In order to compare the competitiveness level of Shengjing Bank in recent years, this article selects 23 city commercial banks as reference objects, and intends to use the factor analysis method to use Spss software to collect the 13 financial indicators of 24 city commercial banks from 2015 to 2017. Comprehensive analysis of the data, taking into account the indicators of all parties, draw conclusions, and give specific suggestions for the problems existing in Shengjing Bank. The study found that the competitiveness level of Shengjing Bank did decline in 2017, which should attract the attention of senior management of the bank.