China Construction Bank Corporation (CCB) has released its financial results for 2018, showcasing a solid performance with total assets reaching RMB23.22 trillion, marking a 4.96% increase from the previous year. The bank's net profit stood at RMB255.63 billion, up by 4.93% compared to 2017.
The bank's core indicators remained stable, with net interest income rising by 7.48% and a net interest margin of 2.31%. The return on average assets was reported at 1.13%, while the return on average equity was 14.04%. CCB maintained a capital adequacy ratio of 17.19%, and its non-performing loan ratio was recorded at 1.46%.
In alignment with its strategic goals, CCB continued to focus on serving the real economy through prudent management and innovation in three major areas: House Rental, Inclusive Finance, and Fintech.
The bank's house rental strategy saw significant progress with the establishment of Jianxin Housing Services Co., Ltd., aimed at stabilizing the housing market through financial means. Additionally, CCB launched a comprehensive inclusive finance strategy that integrated modern technology to support small and micro enterprises with over RMB710 billion worth of loans.
In fintech, CCB implemented the "TOP+" strategy and established CCB Fintech Corporation to leverage technologies like big data and artificial intelligence for product innovation and risk management.
CCB also played an active role in supporting national strategic programs such as “Belt and Road” and other regional collaborations by providing financial backing for infrastructure projects.
The bank emphasized risk management by enhancing its digital capabilities for monitoring risks and maintaining robust liquidity management practices.
CCB remains committed to fulfilling its social responsibilities by engaging in poverty alleviation initiatives and promoting rural revitalization through innovative platforms like "Shanrong Commerce."
Looking forward to challenges in 2019, which marks the 70th anniversary of the People's Republic of China, CCB aims to continue serving public interests while increasing international competitiveness.