China Exim Bank aims to become multinational financial institution over next 5 years

16:33, June 30, 2011      

Email | Print | Subscribe | Comments | Forum 

The Export-Import Bank of China, one of the country's three policy banks, said on Thursday that it intends to develop itself into a large multinational financial institution over the next five years.

The lender's total assets exceeded 1 trillion yuan (153.85 billion U.S. dollars) at the end of 2010, and its earnings have increased year by year since it turned a profit in 2008, said Li Ruogu, president of the bank.

The lender's outstanding loans had risen more than four-fold over the last five years while its bad loans dropped for the 11th consecutive year in 2010, Li said.

More financial support will be needed over the next five years as the Chinese economy further opens up and the bank should seize the opportunities presented, Li said.

By the end of 2010, the bank had 18 domestic branches and three overseas representative offices. To date, it has signed loans of more than 190 billion U.S. dollars to over 100 countries and regions.

Source:Xinhua
 
 
     
 
 
 
     
 
 
 
  Weekly review  
 
 
 
     
 
 

(Editor:刘晓宁)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Beijing-Shanghai High-Speed Train now in Operation
  • From drought to floods
Major headlines
Editor's Pick
  • Qingdao Jiaozhou Bay Bridge comes on stream
  • Jiaozhou Bay tunnel put into service along with Jiaozhou Bay bridge
  • Amazing Huanglong Scenic Resort
  • Creative subways around the world
  • Greek parliament approves austerity measures amid protests
  • Lindsay Lohan free from house arrest after 35 days
Hot Forum Discussion