China Construction Bank Corporation (CCB) has released its financial results for the first quarter of 2019, showcasing steady performance across core indicators such as assets, profitability, and asset quality. The data was prepared under International Financial Reporting Standards on a consolidated basis and expressed in RMB.
The bank's total assets increased to RMB24,190.91 billion by March 31, 2019, reflecting a growth of 4.17% from the end of 2018. Liabilities also saw an increase of 4.20%, reaching RMB22,121.89 billion during the same period. Total loans and advances amounted to RMB14,227.12 billion with deposits at RMB18,053.82 billion.
In terms of profitability, CCB reported a net profit of RMB77.93 billion for the first quarter with net profit attributable to equity shareholders recorded at RMB76.92 billion—showing year-on-year increases of 5.20% and 4.20%, respectively.
CCB's net fee and commission income rose by 13.44% year-on-year to reach RMB43.03 billion due to product optimization efforts and market opportunity seizing which led to rapid growth in bank card, e-banking, and agent business income.
Risk management remains a priority for CCB as it continues building a modern banking risk control system utilizing big data technologies for enhanced risk prevention capabilities. By March end this year, non-performing loans (NPLs) stood at RMB207.46 billion with an NPL ratio maintained at 1.46%.
Capital adequacy ratios were well within regulatory requirements: overall capital adequacy was at 17.14%, tier one ratio at 14.39%, while common equity tier one ratio was calculated as being13 .83%.
Since early this year "CCB strives," aiming towards building what they term their “Second Curve,” fulfilling social responsibilities aligned with large state-owned commercial banks' role serving public needs via financial power addressing economic-social challenges or 'pain points.'
Their integration initiatives span industry-education collaborations involving enterprises-universities promoting development through combined strengths including technology innovations enabling inclusive finance services like Yun Dian Loan aimed resolving financing issues faced especially small/micro-enterprises alongside creating smart government platforms enhancing service efficiency—exemplified Yunnan’s comprehensive mobile-based solution facilitating easy access multiple governmental functions ranging household registration employee pensions inquiries tax appointments among others contributing rural support poverty alleviation projects targeting completion plans optimising policies fostering long-term mechanisms till next year's conclusion