CCB Sees Big Surge in Intermediate Business Income in 2001

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Last updated at: (Beijing Time) Sunday, March 03, 2002

CCB Sees Big Surge in Intermediate Business Income in 2001

The China Construction Bank (CCB) realized a net income of 3.23 billion yuan from intermediate businesses in 2001, increasing 23.07 percent compared with 2000.

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The China Construction Bank (CCB) realized a net income of 3.23 billion yuan from intermediate businesses in 2001, increasing 23.07 percent compared with 2000.

According to sources from the CCB, income from intermediate businesses accounted for 5.42 percent of the bank's total businessincome for the same period.

The accomplishments was attributed to the effective measures taken by the CCB last year. The bank gave emphasis to clients likegovernment organs, lottery issuers, commercial insurance agents and social insurance agents. It also offered consultation services.

The savings of the intermediate business sector also registeredincrease last year, whose growth rate even surpassed that of ordinary savings of the CCB.

Last year also saw the improvement of the product structure of the intermediate businesses. Income from traditional businesses like settlement and agent decreased while that from other businesses such as banking card, guarantee, policy housing finance,consultation, trust loans and funding increased dramatically.

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