Forbes Asia — October 2017

PROMOTION

1

China Construction Bank (CCB) continues to

evolve its business and deliver a solid finan-

cial performance. Its recent results demon-

strate the bank’s commitment to serve its

customers, work for China’s real economy,

adapt to technological changes, strengthen

compliance operations, reduce risk and

accelerate its transformation both domesti-

cally and overseas.

As of the end of June, CCB’s total assets

amounted to RMB21.69 trillion (US$3.31 tril-

lion), an increase of 3.5% since the end of

2016, and its net profit for the first six months

of the year was RMB139 billion (US$21.2 bil-

lion), up 3.8% year-on-year. Annualized

return on average assets was 1.3% and

annualized return on average equity stood

at 17%; the bank’s total capital ratio and

common equity tier-1 ratio were 15% and

13%, respectively.

CCB responded to the liberalization of

domestic interest rates by expanding its

customer base and strengthening product

innovation, thereby increasing its net fee

and commission income by nearly RMB900

million (US$137.3 million) year-on-year.

Meanwhile, gross loans and advances to

customers increased by 6.4% and deposits

rose by 5.7% since the end of 2016. Improve-

ments to cost management and its expense

structure meant that the bank maintained a

stable cost-to-income ratio of 22%.

The bank continued to turn information

technology and product innovation into

drivers of development. In the first half of

2017, it set up the Inclusive Finance Division

The development and transformation of China Construction Bank is rooted in

the real economy and managed by rigorous risk control.

CHINA CONSTRUCTION BANK:

STAYING THE COURSE

Head office in Beijing