About IB

1st IB Plenary Work Conference in Shanghai after Being Listed

On February 5, as the first listed stock of the New Year and the first large-cap bank stock in the first year when China fully opens her financial market, Industrial Bank Co., Ltd. (IB) A-share was listed at Shanghai Stock Exchange, followed by the First Plenary Work Conference in Shanghai on February 7.

 

Information released from the conference shows that IB’s new year move will keep on complying with the macro-control, financial regulating and supervising policies issued by the country and take full advantage of going public to push forward the strategic transformation of its business development and profit-making patterns; will promote a steady and speedy growth of entire business, continue to exalt its competence in customer service and market competition by endeavor to carving out business innovations, restructuring and management upgrading. As to the focusing point for its business development, this year, with priority given to the optimization of customer structure, business structure and income structure, IB will further solidify wholesale business and keep tapping retail business, credit facility to small and medium-sized enterprises, and such rising businesses as financing and wealth management.

 

According to the newly published IB annual report, 2006 witnessed a rapid and sound growth momentum of IB’s all-round businesses. In 2006, IB realized a net profit of 3.72 billion RMB Yuan, rocketed by 50.91% year on year, boosting its earnings per share to 0.93 RMB Yuan, surged by 50% year on year; and its return on equity hit 22.87%, an increase of 3.59% over that of the previous year.TOP