On December 20, 2011, the “awarding ceremony for the ‘Golden Dragon Prize' of 2011 Gold Medal List of Chinese Financial Institutions”, jointly organized by Financial Times, the most authoritative mainstream media in the field of finance across China, and the Institute of Finance and Banking, Chinese Academy of Social Sciences, a state-level authoritative academic research institution, was ceremoniously held in Beijing. Industrial Bank (IB) was honored as the “Annual Best Joint-stock Commercial Bank” with its good financial performance, distinctive business features and sustainable development mode that dares to assume social responsibilities.
The Golden Dragon Prize of the Gold Medal List of Chinese Financial Institutions is evaluated by senior specialists across various fields with objective, scientific and precise appraising methods, aiming to establish the most authoritative outstanding brand in the Chinese finance industry and better facilitate the healthy development of the finance market. From 2008 up to now, it has been held successfully four times, becoming the annual appraisal activity with the greatest value and highest authority in the domestic finance sector. The prize has gained high recognition and attracted extensive attention in finance circle s and all social sectors.
Over recent years, IB maintained steady operation and scientific development and made great efforts in pushing forward the strategic transformation of the business model and profit model, making a series of great breakthroughs in terms of overall strength, strategic progress, business transformation, market position, and social responsibility, etc. IB has grown into one of the mainstream banks maintaining the highest growth rate and boasting the best asset quality and the best earning performance.
Markedly increased overall strength: boasting the best asset quality among the major banks across China, IB has kept steady growth in its business scale and maintained a leading position among all major banks in China in terms of return on total assets and return on net assets.
Steadily advanced strategic progress: IB has on the whole established outlets across all China, greatly increased the equity of shareholders and capital strength, and formed an initial integrated business model.
Gradually revealed differentiated business features: IB's businesses such as green finance, bank-bank platform, agency of precious metals trading, Renminbi market trading, and bond underwriting have the first-mover advantage in the Chinese m arket.
Greatly improved market position: IB has ranked among the top 10 Chinese banks, top 100 global banks, and top 300 global listed companies.
By the end of September 2011, the total assets of the Bank reached RMB 2092.109 billion, boasting a compound growth rate of 31.25% over the la st three years; IB profits kept increasing significantly, and the after-tax profits in the first three months hit RMB 18.788 billion, boasting a compound growth rate of 25.84%; and the annual rate of return on net assets reached 25.16% in the first three quarters, above 25% on average annually over the la st three years, maintaining a leading position among major banks in China. While the major indices have kept rising, the quality of assets has always ranked in the front among major banks in China. By the end of September, the non-performing loan rate of IB was only 0.34%, reaching an internationally advanced level.