CCB releases first annual statement since joint-stock reform

China Construction Bank recently released the 2004 annual report audited by the KPMG accounting firm. This is the first annual statement released after the bank carried out the joint-stock reform.

The report shows that the CCB's performance in terms of the main indicators has approached the level between the medium and the best among the 100 international major banks.

By the end of 2004 the CCB has 3,904.785 billion yuan of capital with a capital adequacy ratio of 11.29 percent. Non-performing loans ratio is down to 3.92 percent. These indicators are the best in history.

The China Construction Bank Corporation was officially established on September 17 with a registered capital of 194.23025 billion yuan. Its shareholders include the Central Huijin Investment, State Grid Corporation, China Jianyin Investment, Shanghai Baosteel and Yangtze Power

By People's Daily Online