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CCB'S Forex Deposits Exceed 5 Billion USD
The China Construction Bank (CCB) announced Wednesday that by the end of August, its outstanding foreign exchange deposits had broken the mark of five billion US dollars to reach 5.11 billion US dollars.
Statistics show that this year the bank's foreign exchange deposits reached 1.06 billion US dollars, an increase of 400 million US dollars over the same period last year, topping the country's five large commercial banks for a successive eight months.
A spokesman for the CCB said its branches at various levels used the opportunity of the State's raising of interest rates to increase foreign exchange deposits, by opening new foreign exchange deposits businesses and improving service quality to maintain sustained development of foreign exchange deposit businesses.
By the end of August, the bank's branches in Guangdong, Shanghai, Zhejiang and Beijing all achieved increases of over 100 million US dollars in foreign exchange deposits.
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