Jul. 11, 2012 (China Knowledge) - The Export-Import Bank of China, also known as China Exim Bank and one of the country's policy-oriented banks, has announced that its net profit grew 11.8% YoY to RMB 3.13 billion last year.
The bank signed RMB 497.80 billion of loan contracts and issued RMB 478.74 billion of loans in 2011.
The bank extended RMB 169.49 billion in exporters’ credit last year, taking its balance of exporters' credit to RMB 347.75 billion at the end of last year. Meanwhile, the lender issued RMB 43.9 billion in export buyer's credit and saw its balance of such credit reached RMB 126.92 billion at the end of 2011.
At the end of last year, the lender's total assets, comprising assets both on and off balance sheet, were RMB 1.36 trillion and its outstanding loans hit RMB 1.08 trillion. Non-performing loan ratio stood at 0.64% at the end of 2011.
China Exim Bank floated 23 tranches of financial bonds worth a total of RMB 395 billion in 2011.