The China Banking Association published its 2009 corporate social responsibility report while celebrating its 10th anniversary in Beijing.
The report details the CSR practices of CBA, including the contribution it has made to social and economic development, the responsibility it takes for stakeholders, and its devotion to public welfare undertakings and environmental causes.
The report states that by the end of 2009, the total assets of China's banking industry reached CNY78.8 trillion with a return on equity of 16.24%. Among the banks, Industrial and Commercial Bank of China, China Construction Bank and Bank of China ranked first, second, and fifth, respectively in the global banking industry in terms of market value and they have done well in fulfilling their responsibilities to shareholders and investors.
In 2009, China's banking industry carried out 1,647 poverty alleviation projects with a total value of CNY3.482 billion, and up to 612,900 people benefited from the programs. Over the year, Chinese banks issued CNY856.046 billion in loans to energy saving and environmental programs, which accounted for 8.93% of the total loans issued in China in the year.
Founded in May 2000, CBA has been dedicated to maintaining the interests of the Chinese banking industry, increasing service awareness, improving professionalism, enhancing research capacities and upgrading the image of the Chinese banking industry in the past decade. By August 2009, CBA had had 132 members and established ten professional commissions. Jiang Jianqing, director of CBA, stated that CBA will continue to play its role and create one of the most respected industry association platforms in China.
