China Development Bank Sees Improved Asset QualityIn the first half of this year, the overall management conditions of the China Development Bank (CDB) maintained a good development momentum, and some operational indices have matched internationally advanced banking levels.Chen Yuan, president of the CDB, said at the bank's national working meeting, which concluded here Thursday, that in the first half of the year the bank's collection of principal and interest stood at a high of 99.81 percent, and the rate of the overall non- performing assets was 8.73 percent, down 0.14 percentage points from the beginning of the year. Meanwhile, the bank's credit asset quality enjoyed marked improvement, with the rate of non-performing loans standing at seven percent, down 1.78 percentage points from the beginning of the year. The bank has also improved capital management efficiencies, with half-year profits of 1.971 billion yuan (about 240 million US dollars), increasing 1.7 times over the same period of last year. He said that the responsibility and ultimate goal of the bank is to raise asset quality to the largest possible extent and prevent financial risks, protect and increase national credibility through the building of a first-class bank, so as to contribute to the country's financial and economic development. |
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