● In 1999, loan disbursements of China Development Bank (CDB) amounted to RMB 156.8 billion, including RMB 12.7 billion in foreign currency loan disbursements.
● Loan commitments in 1999 amounted to RMB 149.6 billion, with 56% of this amount targeted at projects in Central and Western China.
● At December 31, 1999, domestic loans outstanding totalled RMB 621.1 billion, with loans to the energy and transportation sectors accounted for over 60%. Foreign currency loans outstanding amounted to $3.3 billion at the end of 1999.
● Funding for loan disbursements came primarily from domestic bond issues (RMB 158.1 billion), export credit facilities ($758 million) and overseas bond issues ($500 million).
● Total assets of the Bank reached RMB 686.4 billion, a 30.6% increase over the prior year; total liabilities grew to RMB 634.5 billion, a 33.0% increase from 1998.
● The Bank achieved net profits of RMB 684.5 million, a 1.8% increase over the prior year's results.
● Through careful monitoring of project developments and frequent interaction with its borrowers, the Bank has managed to maintain nonperforming loans at 1.97% of its portfolio at December 31, 1999.
● The integration of a strong branch network, improvements in credit underwriting and monitoring procedures and continued investment in information technology, have provided the bank with the capability of bringing aid to where it is needed most, and ensuring that its full potential is realised.
● Looking for other ways to serve the Country's economic development interests, the Bank introduced investment banking advisory services this year, targeting companies and industries where opportunities for capital-raising and business improvement exist.