日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

CCB profit dips 1.7%

By Zhang Lu in Beijing and Lillian Liu in Hong Kong (China Daily)
Updated: 2007-04-17 07:31

China Construction Bank (CCB) yesterday reported a 1.7 percent decline in net profit last year as its tax break lapsed.

The bank said its net profit in 2006 was 46.3 billion yuan, or 0.21 yuan per share, compared with 47.1 billion yuan, or 0.24 yuan per share in 2005.

But factoring out the impact of a tax break in 2005, adjusted net profit rose by 18 percent. The bank enjoyed a tax cut of 7.8 billion yuan given to it in 2005 for its restructuring and preparation for the Hong Kong initial public offering (IPO) that year.

"The result meets market expectations. Its adjusted net profit growth, along with growth in interest income, is satisfactory," said Louise Wong, director of Hong Kong-based Phillip Asset Management.

The bank's net interest income rose 20.4 percent to 140.4 billion yuan last year.

"We maintained the advantage in our traditional wholesale business including infrastructure loans and also developed new businesses such as investment banking, SME financing, trust and retail," said bank chairman Guo Shuqing yesterday.

The bank's infrastructure loans increased 29 percent last year. Outstanding personal loans including mortgage loans stood at 585 billion yuan by the end of last year, up 28.9 percent over a year ago, the highest among the country's commercial banks.

"Its fee income, which jumped as much as 60 percent, is quite high among its peers," said Wong from Phillip Asset Management.

Earlier, Bank of China had reported a 12.07 percent growth in non-interest income and the Industrial and Commercial Bank of China reported a growth of 55 percent.

CCB's fee and commission income, 13.57 billion yuan in 2006, accounted for 8.95 percent of its total income, 2.38 percentage points higher than a year ago.

"However, its foreign exchange business saw losses last year and its impaired loan hasn't shown any improvement," Wong said.

"But all in all, the bank remains one of our preferred long-term Chinese banks given its proximity to China's robust growth. I think the bank has a very dynamic management team."

CCB also announced yesterday that it will further cooperate with its strategic partner, Bank of America which holds an 8.5 percent stake in it in the credit card business.

The two will first establish an independent credit card business unit soon. They will then set up a credit card joint venture when relevant legal and regulatory permission is obtained.

Under a memorandum of understanding signed last week, CCB will hold a 63 percent stake in the joint venture and Bank of America the rest, with both parties' stakes subject to a lock-up period of no less than three years.


(For more biz stories, please visit Industry Updates)



Related Stories  
主站蜘蛛池模板: 亚洲另类视频 | 亚洲天堂久久 | 涩涩网站在线观看 | 97色涩| 人人射视频 | 高清国产一区二区三区四区五区 | 国产在线视频在线观看 | av亚洲在线| 91狠狠爱 | 国产精品v欧美精品v日韩 | 欧美1级片 | 婷婷影视 | 在线看片亚洲 | 中文字幕不卡在线观看 | 国产精品久久久久久久久借妻 | 最新黄色av网站 | 草视频在线 | 国产美女在线播放 | 一级片特黄| 国产又大又黄又粗 | 国产免费看片 | 久久国产精品久久 | 国产日韩在线播放 | 国产精品久久久久久久久 | 日本在线中文 | 天天干天天透 | 97在线观看免费高 | 免费黄色小说视频 | 欧美性网 | 有码av| 99视频这里有精品 | 亚洲色中色 | 久久久精品久久久 | 成年人三级网站 | 神马午夜精品91 | 国产成人亚洲精品自产在线 | 欧美成人黑人xx视频免费观看 | 欧美精品一区二区蜜桃 | a在线观看视频 | 亚洲欧美日韩久久精品 | 男人亚洲天堂 |