The results of the selection "Triple A Country Winner 2008" organized by The Asset were announced recently and ICBC won the title of "Best Domestic Bank, China" of the journal for the first time.
According to insiders, the fact that ICBC won the title of "Best Domestic Bank, China" was mainly based on ICBC's excellent financial performance and strong capacity of sustainable growth. Especially in the violent fluctuation of financial market, with proper response and active effect to boost the healthy rapid business development, ICBC draws wide attention and high appraisal.
During the past year, according to introduction, the profit level of ICBC was keeping strong growth with record profit after tax; total return on assets and return on equity increased strikingly and the profitability was further enhanced; balance and ratio of non-performing loan constantly dropped and the asset quality was gradually improved; capital deployment more focused on rules and benefits, and capital adequacy ratio was maintained at a relatively high level.
The implementation of the operation reformation strategy was quickened; deposit and credit loan structures were continually optimized, and investment and income structures tended to be more reasonable. Meanwhile, comprehensive operation and internationalization development showed new advancement, the formation of the trans-market globalization operation layout was speeded up and the ability of sustainable growth was further enhanced.
Under the background that international financial market turbulence is aggravating and the global economy begins to slow down, ICBC fully uses the steady rapid sound economic environment of China's mainland, persistently boosts the business process reform, speeds up business structure adjustment; gradually perfects multi-layer consumer service system and enhances consumer service ability; focuses on strengthening innovations of financial products and enhances level of products and services; actively expands non-loan business and boosts the rapid developments of investment banking, bank card, banking wealth management, corporate annuity and other business.
The formulations of a series of countermeasures effectively enhance ICBC's abilities of market competition and risk resistance.
The Asset is a famous finance media in Asia area. The journal organizes the selections around financial industry in Asia-Pacific area every year. Before, ICBC had won important awards in many business fields like cash management and asset custody for successive years.
