Press Release:
China Construction Bank Corporation – Official Opening of Perth Branch
China Construction Bank Corporation held the official opening of its Perth Branch on 30th June 2017.
The Group’s Chief Risk Officer Mr. Liao Lin, State Premier’s Representative, Hon. Pierre Yang MLC, The Minister Counsellor for Economic and Commercial Affairs of the Chinese Embassy in Australia, Mr. Huang Rengang, Lord Mayor of Perth, Ms. Lisa Scaffidi and members of Perth business community were among the guests to attend the opening ceremony held in the Government House Ballroom.
Perth is the fourth Australian branch to be opened by China Construction Bank Corporation behind Sydney, Melbourne & Brisbane. As at December 2016 China Construction Bank in Australia had assets of A$37.86 Billion. The Perth Branch will operate as a sub-branch of the Sydney Office and will offer a full suite of commercial banking products including, deposit and loan facilities, Trade Finance & foreign exchange capabilities, as well as Private Banking operations. The Branch will leverage the financial strength of the China Construction Bank Group, utilising its wide range of financial services & products and its global network in providing a high level of service to local and overseas customers in Western Australia.
At the opening, the Groups Chief Risk Officer, Mr. Liao Lin said in his speech; “Australia and China has developed strong economic, trade & investment relationships over a long period of time and for this reason Australia is one of China Constructions Bank’s most important target markets. The establishment of the Perth Branch reinforces our commitment to this market and creates new opportunities for us to assist our business partners to expand globally. The opening will further enhance the network coverage and service capacity of China Construction Bank in Australia and assist in the development of strategic partnerships by fostering the development of projects in Australia to strategically benefit from China’s One Belt, One Road Initiative”.
As one of China’s largest commercial banks, China Construction Bank is a leader in the provision of wholesale, retail and investment banking services. It is committed to an accelerated process of transformation and development towards being an innovative integrated banking group and has achieved remarkable results. In 2016, UK magazine, The Banker, ranked China Construction Bank 2nd overall in terms of Tier 1 capital amongst the world’s Top 1000 Banks. The CCB Group won Euro Money’s “China’s Best Bank” Award and in the United States, Fortune 500 ranked CCB at no. 22.
The Group’s accelerated transformation has continued. Core performance measures have improved and remained sound. At the end of March 2017, Group total assets amounted to RMB 21.7 Trillion and a net profit of RMB 70.23 Billion was recorded for the first quarter. Annualised average return on assets stood at 1.32% and annualised weighted ROE was 17.63%.
In recent years China Construction Bank has actively promoted an international development strategy, which has led to a steady expansion in overseas business, institutional networks, service channels and financial products. China Construction Bank is represented in 29 countries and regions and operates 252 institutions across the world, greatly enhancing its global customer service capabilities and international competitiveness.
