■    In 2003, CDB firmly carries out the macro-economic policies of the state, Aggressively deploys its development financing role in the state’s macro-regulation work, energetically supports national economic development and restructuring, and consistently promotes credit building and financing and investment system building. CDB has maintained and solidified its leading market-based performance, and has made new progress in all of its work, achieving its best ever operating results.

■    Asset quality at the bank has been improving continuously. As of end 2003, NPL ratio, measured under the five-class assets classification method, stood at 1.34%, down 0.44% from year beginning. NPA ratio stood at 1.88%, down 0.61% from year beginning.

■    CDB continues to deliver a high standard of asset management performance. In 2003, current principal and interest recovery ratio and cumulative principal and interest recovery ratio hit 99.88% and 99.19%, respectively. The current principal and interest recovery ratio has maintained world-leading performance for 16 quarters in a row. For the first time in its history, the current and cumulative principal and interest recovery ratios of the bank have both exceeded 99%.

■    CDB has further enhanced its risk prevention capability.  Risk reserves to NPAs

and risk reserves to NPLs have posted a coverage ratio of 159% and 229%, respectively. Capital adequacy ratio stands at 10.11%.