Saturday 20 September 2014

2. China Construction Bank Corporation (CCB)

 
China Construction Bank Corporation (CCB) is one of the "big four" banks in the People's Republic of China. In 2011 CCB was the second largest bank in the world by market capitalization and 13th largest company in the world. The bank has approximately 13,629 domestic branches. It maintains overseas branches in Frankfurt, Luxembourg, Hong Kong, Johannesburg, New York, Seoul, Singapore, Tokyo, Melbourne, and Sydney, and a wholly owned subsidiary in London. Its total assets reached CN¥ 8.7 trillion in 2009. Its headquarters is in Xicheng District, Beijing. Its headquarters is in Xicheng District, Beijing. CCB was founded on 1 October 1954 under the name of People's Construction Bank of China, and later changed to China Construction Bank on 26 March 1996.
 
 
In 2014, China Construction Bank ranks the 2nd in Forbes’ 11th annual Global 2000 ranking of the biggest, most powerful and most valuable companies in the world. Curiously, this bank has had business relations with the North Korean bank accused of funding the nuclear weapons and ballistic missile programs. It has since cut ties with the accused bank.
 

 
Revenue
CN¥ 397.09 billion (2011)
Net income
CN¥ 169.43 billion (2011)
Total assets
CN¥ 12.281 trillion (2011)
Total equity
CN¥ 816.66 billion (2011)
Employees
329,338 (2011)

 

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