男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Economy

Markets

Industries

Insights

Reports

Events

CDB posts 20.8b yuan in net profit last year

By Zhang Jiawei (chinadaily.com.cn)
Updated: 2009-06-19 16:06

China Development Bank (CDB) posted a net profit of 20.8 billion yuan ($3.04 billion) in 2008, faring far better than the other two major policy banks in China despite a drop of 28 percent from a year earlier.

The decline was due to the influence of the Sichuan earthquake, the economic downturn, and the exchange loss over a weak US dollar, the bank said in its 2008 annual report.

CDB received $20 billion worth of capital funds at the end of 2007, which sharply increased its dollar position in 2008, leading to a greater exchange loss amid the depreciation of the US dollar.

Related readings:  S China city gets $29b loan from CDB  CDB has no plan to get listed and invite strategic investors  CDB allocates 1b yuan for drought emergency loans  Everbright Bank posts 7.32b yuan net profit in 2008  China Citic Bank reports 60% net profit increase in 2008

The bank's operating revenue in 2008 was 84.6 billion yuan, up 27 percent from a year earlier, while profit before tax went down by 36 percent from 43.57 billion yuan in 2007 to 27.94 billion yuan last year as the bank has set aside depreciation reserves in case the country's economic situation deteriorated.

As of the end of 2008, the bank's non-performing loans ratio gained 0.37 percentage points from a year earlier to 0.96 percent, with the outstanding loans amounting to 2.90 trillion yuan, and provision coverage ratio exceeding 210 percent.

The capital adequacy ratio in 2008 was 11.31 percent and the core capital adequacy ratio was 10.07 percent, which both met the regulator's requirements.

The bank's average return on assets and return on equity were 0.62 percent and 5.97 percent respectively, in 2008.

The Agricultural Development Bank of China (ADBC) and the Export-Import Bank of China (China Exim Bank) also released their annual reports recently. ADBC's net profit plummeted nearly 60 percent from a year eariler to 627 million yuan in 2008, while China Exim Bank reported a profit after tax of nearly 200 million yuan last year.