China Construction Bank (CCB) has released its financial results for the third quarter of 2019, revealing steady development and performance improvements. The report highlights that core indicators such as asset size, profitability, and asset quality met expectations.
As of September 30, 2019, CCB's total assets reached RMB24.52 trillion, marking a 5.58% increase from the previous year-end. Customer loans and advances grew by 7.90%, amounting to RMB14.87 trillion, while customer deposits rose by 7.92% to RMB18.46 trillion. The bank's capital adequacy ratio stood at 17.30%, with Tier1 and Core Tier1 ratios at 14.50% and 13.96%, respectively.
The bank recorded a net profit of RMB227.38 billion in the first three quarters of the year, with net profit attributable to shareholders at RMB225.34 billion—an increase of 5.83% and 5.25% year-on-year respectively. Net interest income was reported at RMB379.52 billion, up by 3.77%. The net interest spread and margin were slightly down compared to last year but remained stable.
Income from intermediary business also showed growth, with net fee and commission income increasing by 12.89% to reach RMB108.97 billion.
CCB's asset quality remained stable with an enhanced risk mitigation capability through proactive management strategies aligned with national industrial policies and supply-side structural reforms.
In support of the real economy, CCB has released credit resources across multiple channels focusing on key sectors and regions such as Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macao Greater Bay Area.
The bank has advanced its three major strategies: House Rental, Inclusive Finance, and Fintech—each contributing significantly to its overall development strategy.
"CCB’s Inclusive Finance strategy has contributed to the greater landscape of inclusive finance," stated the report.
Additionally, CCB continues to engage in social responsibility initiatives through programs like "Workers’ Harbors" which have served over 89 million people.
China Construction Bank remains committed to fostering economic growth through financial innovation while supporting societal development goals.