CCB to Maintain Income Recovery

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Last updated at: (Beijing Time) Saturday, February 09, 2002

CCB to Maintain Income Recovery

Zhang Enzhao, the newly-appointed President of the China Construction Bank (CCB), said in Beijing Friday that the bank expects a profit growth rate of nine percent this year.

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Zhang Enzhao, the newly-appointed President of the China Construction Bank (CCB), said in Beijing Friday that the bank expects a profit growth rate of nine percent this year.

Addressing the CCB's annual working meeting, Zhang said that the bank's major business target for this year is to maintain the continued recovery of operational income. Efforts will be made to standardize operational management, rationalize credit resources distribution and improve credit asset quality.

He said that this year the bank plans to cut non-performing loans by 9.3 billion yuan and the rate of non-performing loans be lowered by 2.5 percent.

In addition, the bank will try to maintain an appropriate growth of loans and a steady growth of deposits; raise intermediate business income, try to realize a net profit of 3.4 billion yuan; and promote the steady development of international businesses.

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