Table of Contents ○○○○○○○○○○○○○○○○○○○
Table of Contents ○○○○○○○○○○○○○○○○○○○ Financial Highlights ○○○○○○○○○○○○○ 2 ○○○○○○○○○○○ Our Mission ○○○○○○○○○○○○○○○○○○○○○○○○○ 4 Honorary Chairperson of the Board ○○○○○○○○○○○○○○○○○○○○○○ 5 ○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○ 2004 Milestones ○○○○ 6 Message from the Chairman ○○○○○○○○○○○○○○○○○○○○○○○○○○○12 Bank Information ○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○14 Organizational Chart ○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○15 Directors, Supervisors, Senior Management and Staff ○○○○○○○○○○○○18 ○○○○○○○○○○○○○○○○○○○ Joint Stock Reform ○○○○○○○○○○○○○ 25 Corporate Governance ○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○27 ○○○○○○ Management Discussion and Analysis ○○○○○○○○○○○○○○○ 30 ○○○○○○○○○○○○○○○○○ Economic and Regulatory Environment ○○○○○ 30 Financial Statement Analysis ○○○○○○○○○○○○○○○○○○○○○○○○○○○○30 ○○○○○○○○○○○○○○○○○○○○○○○○○○○○○ Business Review ○○○○○○ 40 ○○○○○○○○ Segment Reporting by Region ○○○○○○○○○○○○○○○○○○○ 48 ○○○○○○○○○ Risk Management ○○○○○○○○○○○○○○○○○○○○○○○○○ 50 Financial Statements and Report of the Auditors ○○○○○○○○○○○○○○○62 List of Branches and Subsidiaries ○○○○○○○○○○○○○○○○○○○○○○○○127 Financial Highlights 2004 20031 Profit and loss items (RMB million) Net interest income 84,985 71,904 Non-interest income 19,752 13,781 Operating profit 57,841 47,672 Impairment losses (23,797) (16,432) Profit before tax 34,576 31,419 Net Profit 20,932 21,553 Balance sheet items (RMB million) Loans, net 2,071,693 1,921,131 Total assets 4,270,443 3,979,965 Customer deposits 3,342,477 3,035,956 Total liabilities 4,037,705 3,750,489 Owner's equity 205,351 203,752 Financial ratios(%) Return on average total assets 0.61 0.68 Return on average owner’s equity 10.04 10.582 Non-performing loan ratio 5.12 16.28 Provision coverage ratio 68.02 67.29 Cost to income ratio 40.02 39.73 Capital adequacy ratio 10.04 N/A 1 The profit and loss items and financial ratios for 2003 exclude the net gain from the sale of shares of Bank of China (Hong Kong) Limited (‘BOCHK’) in the amount of RMB 7,154 million.
[Show full text]