China Development Bank Had over CNY6trn Assets by 2011 End

China Development Bank Corp. (CDB) saw over CNY 6 trillion total assets by the end of 2011.

At the same time, the non-performing loan (NPL) ratio was 0.4%, lower than 1% in consecutive 27 quarters.

It is said that CDB newly added CNY 433.3 billion loans for central and western China and the old industrial base of northeastern China. Of this, CNY 22.8 billion was for Tibet and Tibetan ethnic areas in Sichuan, Yunnan, Gansu and Qinghai provinces. The loan outstanding in cultural industry was CNY 120.4 billion; that in energy conservation, emission reduction and environmental protection was CNY 658.3 billion, rising 33% year on year.

Meanwhile, CDB newly added CNY 109.5 billion loans in subsidized housing project, taking over 60% of total this kind of loans among bank institutions. The bank also distributed CNY 30.7 billion loans for water conservancy, CNY 143.2 billion loans for the construction of new countryside, and the loans it distributed for small- and medium-sized enterprises increased 25% year on year. Issuing CNY 10 billion student aid loans, CDB supported 5.6 million person times of students accumulatively in 2011, and the loans took 85% of the total newly added student aid loans in China.

Besides, CDB also saw USD 210 billion foreign exchange loan outstanding by then, and its asset quality remained fine.