China Construction Bank(CCB), one of China's "big four" state-owned banks, was rated as the most profitable bank in Asia on the list of Top 300 Asian Banks.

 

According to the latest edition of Hong Kong-based financial journal, Asiaweek, the CCB eclipsed other Asian banks with a net interests income of US$14.22 billion and a net profit of US$5.75 billion, said the Xinhua-run China Securities Journal on Monday, quoting figures released by the Asiaweek.

 

On the list of Top 300 Asian Banks this year, the CCB, ranked the seventh in total asset, is registered with a total loan of US$292.31 billion, only 42 percent of the total loans of Japan's Bank of Tokyo-Mitsubishi which is ranked first in total asset.

 

However, CCB's net interest income and net profits are 41.2 percent and 30.9 percent higher than that of the Tokyo-Mitsubishi Bank respectively, ranking the most profitable Asian bank both in net interest income and in net profits, said the Asiaweek.

 

CCB also takes the lead in capital assets among the Top 100 Chinese Banks selected by The Banker magazine in Britain.

 

The Banker said CCB tops China's four big state-owned banks in the indexes like pre-tax profits, the ratio of return on assets and adequacy ratio.

 

(Xinhua News Agency July 11, 2006)