Industrial Bank Experienced Ranking Boost among Top 300 Asian Banks

According to the latest "Top 300 Asian Banks 2006" released by Asia Week in Hong Kong, Industrial Bank was listed 42nd in terms of total assets, experiencing a 19-position jump from last year's 61st ranking. The list saw Industrial Bank's fastest ranking boost among domestic banks. Moreover, with its 39.6% growth rate, Industrial Bank ranked 7th among top 300 Asian banks in terms of growth rate of total assets.

Recent years viewed great momentum boost of Industrial Bank. Up to the end of June, 2006, the total assts of the Bank amounted to RMB 532.2 billion, with an annual average growth rate of 36% for the past five years; the balance of total deposit outstanding reached RMB 385.2 billion, hitting a 39% year-on-year increase for the past five years; the balance of total loan outstanding achieved RMB 292.3 billion, with a yearly jump of 38%; and the NPL ratio based on five-category asset classification approach stood at 2.01%, which presented relatively sound asset quality compared with domestic peers. With sustained increase of profit, the Bank has realized accumulative net profit up to RMB 8.2 billion during the past five years. As the shareholders' equity expanding rapidly, the balance of net assets also totaled RMB 14.1 billion, posting an annual growth rate of 26% for the past five years.