Construction Bank tops 'China's top 100 banks' list
(Xinhua)
Updated: 2006-06-14 17:09
China Construction Bank (CCB), which became the first of the "big four" state
lenders to go public last October, topped the list of "China's top 100 banks"
announced by the British finance magazine The Banker on Wednesday.
The Banker based the ratings on factors such as assets, pre-tax profits and
capital asset ratio. CCB was followed by the other three big state banks - Bank
of China, Industrial and Commercial Bank of China and Agricultural Bank of
China.
A CCB spokesman said shareholding reform and listing of its shares greatly
contributed to corporate governance and business improvement at the bank.
CCB's core capital surged 47.1 percent from the previous year to 287.7
billion yuan in 2005, benefiting from a 72.6 billion yuan replenishment from its
initial public offering, rise of operating income and more efficient risk
control, the bank's spokesman said.
The bank's capital adequacy ratio, a measure of its own capital in proportion
to its outstanding lending, also rose to 13.57 percent, already above the 8
percent international standard.
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