China Construction Bank (CCB) is one of the largest banks in the People's Republic of China. It's ranked as the nation's second largest and the second largest bank in the world by market capitalization. The Bank has a total of approximately 310,000 staff, and provides comprehensive financial services to its customers. Total assets: US$ 1.407 trillion (as of December 31, 2009). Net profit: US$ 20.5 billion (2010).
CCB maintains overseas branches in Hong Kong, Singapore, Frankfurt, Johannesburg, Tokyo, Seoul, New York, Ho Chi Minh City and Sydney. Bank's subsidiaries: China Construction Bank (Asia)Corporation Limited, China Construction Bank (London) Ltd., China Construction Bank International (Holdings) Ltd., Sino-German Bausparkasse Co. Ltd, China Construction Bank Principal Asset Management Co. Ltd, and China Construction Bank Financial Leasing Corporation Limited.
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China Construction Bank (CCB) :: Press Releases
28.03.2011 Bank reports full-year 2010 net profit of RMB 135.031 billion (approx. $20.5 billion), representing a growth of 26.39%. More
Financial News
Citi gets approval to issue credit cards in China - 06.02.2012 The China unit of Citigroup Inc said on Monday that it has received regulatory approval to issue credit cards in China, the first non-Asian bank to receive permission. Source: Reuters
Three Swiss bankers indicted by U.S. in tax crackdown - 09.01.2012 U.S. authorities are moving toward taking legal action against Wegelin & Co., which could lead to an indictment of one of Switzerland's last pure private banks, on charges that it enabled wealthy Americans to evade taxes, according to two persons with knowledge of the case. Source: Reuters
Islamic finance assets to hit US$ 1.1 trillion in 2012 - 22.11.2011 Islamic finance assets around the world are expected to climb 33% from their 2010 levels to $1.1 trillion by the end of 2012, boosted by the aftermath of the Arab Spring uprisings and dissatisfaction with conventional finance in the wake of the global debt crisis, consultants Ernst & Young said in a report on Tuesday. Source: Reuters
Spanish bank ratings downgraded by Fitch and S&P - 12.10.2011 Two leading credit rating agencies have downgraded some of Spain's largest banks, citing a deteriorating outlook for the Spanish economy. Source: BBC News
Spotlight on Islamic Retail Banking – strategies for fast growing industry - 07.10.2011 Islamic Banking is young but fast growing industry what brings challenges as need for standardization, expanding at the market, lack of public awareness about Islamic Banking (misinterpretation) and limited resources of qualified people in this particular industry. Source: Fleming Gulf
JBIC inks $43bn credit line pact with Japan banks - 05.10.2011 The Japan Bank for International Cooperation (JBIC) said Wednesday that it has signed separate pacts with three major Japanese banks to give them a combined $43 billion, or Y3.3 trillion, credit line, as part of the government's steps to encourage companies to go ahead with M&As overseas. Source: Nikkei