CCB
Awarded Best Bank in China for 2005 by The Banker of UK
The Banker Magazine of UK celebrated
The Banker Awards 2005 on September 7 in London. China Construction
Bank Corporation (CCB) was awarded the Best Bank in China for
2005 and is the only chosen bank with this award among China¡¯s
banks for this year
For 80 years since its inception in
1926, The Banker has been a trusted source of global financial
intelligence and given its exclusive bank listings and extensive
financial coverage. It is uniquely placed to bring its international
perspective to its global banking awards. In 2000, The Banker
started to give 124 awards of the year including global bank of
the year, bank of the year, technology awards, investment awards
and country awards. This year The Banker Awards covered 508 banks
from 133 countries and regions¡£
When The Banker declared the awards
of the best bank of the year 2005, its comments on CCB are as
follows: In 2004 when CCB was incorporated into a shareholding
bank, the profit of the year increased 116% and ROE was 25.40%.
CCB¡¯s strength is the soundness and stability of its business
growth, the improvement of loan portfolio, and the development
of its intermediary services. CCB NPL ratio reduced to 3.92% by
way of introducing best risk management practices. CCB proactively
developed new brands, improved brand awareness, and increased
the share in the targeted client market. CCB pushed forward the
establishment of data consolidation through the input in IT. And
meanwhile, CCB developed new initiatives to enhance the efficiency
of decision-making process, strengthen the customers relations
management and assets and liabilities management. CCB¡¯s new image
will surely enable its establishment of modern corporate governance
structure.
The Banker magazine said, CCB has integrated
into the capital market step by step by way of introducing strategic
investors. CCB has demonstrated its continuing capacity of product
innovation, e.g. launched the wealth investment of Happy Investor
and foreign currency structured product brand. CCB has always
maintained the leading position in terms of loans in infrastructure
construction, housing mortgage loans and bank cards.
In recent years, CCB has always been
committed to the customer-focused and market-oriented concept.
CCB has strengthened marketing and promotion, improved brand creation
and building, and attached great importance to the targeted clients
with development potential and industries and regions with rapid
growth, to consolidate the advantages in long and medium-term
credit and house mortgage loans and maintain the continuous rapid
expansion in the intermediary services. CCB has also took greater
efforts in IT input to push forward the data consolidation of
core business and develop various systems to support decision-making
process, customer relations management, business operation, risk
management, etc. On the other hand, CCB has intensified the creation
and innovation of financial products and services. For instance,
CCB, as the pilot bank, issued Happy Investor wealth management
card, and launched the foreign currency structured product of
Profit from Exchange throughout the whole bank. CCB became the
first domestic bank to introduce the independent depository system
of deposit bank for securities clients. By the end of 2004, CCB¡¯s
capital adequacy ratio had reached 11.29%, NPL ratio 3.92%, and
the KPI could compete with the largest 100 banks in the international
market.
CCB winning this award is a must. It
has always been devoted itself to business exploration, products
innovation, mechanism transformation, financial management, risk
management and internal control for many years and scored substantial
achievements. And its all operation indices rank the leading position
among domestic banks. Meanwhile, it has already established an
advanced corporate governance structure through shareholding restructuring
program. In particular after CCB became the first state-owned
bank to introduce strategic investors, it took further step to
intensify its shareholding reshuffle program to improve management
and core competitiveness.
CCB was ranked 21st among the world¡¯s
largest 1,000 banks by tier one capital by The Banker magazine
of the United Kingdome in July 2004.