While carrying on its tradition in the past 18 years, BOCOM has been constantly innovating¹ and serving the community in good faith with high-quality services. We have have kept growing in economic terms and we positioned to take the lead in the industry in China. In 2004, BOCOM set at a record high in business results, with both total assets and total deposits exceeding RMB 1 trillion and bad assets dropping to within 3%. In the first half of 2005, BOCOM’s business results once again reached a new level of achievement. At the end of June 2005, BOCOM’s capital adequacy ratio reached 11.29%, of which the core capital adequacy ratio was 8.68%; total assets reached RMB 1,292.5 billion, representing an increase of 63 times over RMB 20.1 billion at the time of reorganization. Balances of various deposits reached RMB 1,147.5 billion. Also in the first half of 2005, BOCOM recorded an after-tax profit of RMB 4.605 billion and has now been developed into the fifth largest commercial bank in China, trailing only the four state-owned banks. In terms of total assets, BOCOM ranked 89 among 1,000 large banks across the world, consolidating² its place within the top 100 global banking³ institutions.

 

 

    BOCOM’s history of excellence⁴ is a testament⁵ to the tradition of its century-old banking pedigree and continues to serve BOCOM well as it sets off to a new journey. BOCOM is speeding up its strategic transformation⁶ toward a first-class modern banking enterprise. We are ready to share our century of service excellence with you and will honor our commitment in providing you with better services, creating shareholder⁷ value and making greater contributions to the community.

 

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