Related News
China Development Bank profit climbs 22.9%
By Hu Xiaocen |
April 25, 2012, Wednesday
|
Online Edition
Online Edition
CHINA Development Bank, one of the country's three policy banks, today posted a net profit of 45.6 billion yuan (US$7.23 billion) in 2011, making it the sixth most profitable bank in the country.
The bank said in its annual report, published today, that net profit increased 22.9 percent year-on-year to 45.6 billion yuan, while its non-performing loan ratio dropped to 0.4 percent at year-end from 0.68 percent a year earlier.
CDB is China's leading international lender, with a business presence in 116 economies, Chen Yuan, chairman of the lender, said in the report.
"Our portfolio emphasizes financing in the developing world," Chen said. "And we will continue to strengthen governance at all levels amid global uncertainties and an increasingly complex world in 2012."
The bank is under the direct jurisdiction of the State Council, and owned by three entities, the Ministry of Finance with 50.18 percent, Central Huijin Investment Co at 47.63 percent, and China's national pension fund with 2.19 percent. Its primary responsibility is to raise funds for the country's large infrastructure projects.
The bank said in its annual report, published today, that net profit increased 22.9 percent year-on-year to 45.6 billion yuan, while its non-performing loan ratio dropped to 0.4 percent at year-end from 0.68 percent a year earlier.
CDB is China's leading international lender, with a business presence in 116 economies, Chen Yuan, chairman of the lender, said in the report.
"Our portfolio emphasizes financing in the developing world," Chen said. "And we will continue to strengthen governance at all levels amid global uncertainties and an increasingly complex world in 2012."
The bank is under the direct jurisdiction of the State Council, and owned by three entities, the Ministry of Finance with 50.18 percent, Central Huijin Investment Co at 47.63 percent, and China's national pension fund with 2.19 percent. Its primary responsibility is to raise funds for the country's large infrastructure projects.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
