Banks Established in 1994 - China Development Bank, Axis Bank, Slovensk Sporite A, Indusind Bank, Ffa Private Bank, Adelaide Bank, Banregio (Paperback)

Chapters: China Development Bank, Axis Bank, Slovensk sporite a, IndusInd Bank, FFA Private Bank, Adelaide Bank, BanRegio, Amsterdam Trade Bank, Awash International Bank, Housing and Commerce Bank, Citibank, Mezhprombank, . Source: Wikipedia. Pages: 38. Not illustrated. Free updates online. Purchase includes a free trial membership in the publisher's book club where you can select from more than a million books without charge. Excerpt: The China Development Bank (CDB) (simplified Chinese: traditional Chinese: pinyin: Gu ji? K?if? Y nh ng) is a financial institution in the People's Republic of China (PRC) under the direct jurisdiction of the State Council. It is the only bank in China whose governor is a full minister. It is one of the three policy banks of the PRC, primarily responsible for raising funding for large infrastructure projects, including most of the funding for the Three Gorges Dam and Shanghai Pudong International Airport. The bank was established by the Policy Banks Law of 1994. Debts issued by CDB are fully guaranteed by the central government of the People's Republic of China. CDB is one of the biggest issuers of bonds in the PRC. The bank had RMB 1.5 trillion in loans outstanding as of the end of 2004. During 2004, the bank made a profit of about US $2 billion. The bank is the most profitable bank in China, and the second most profitable bank in Asia. In year 2005 and 2006, China Development Bank successfully issued two pilot ABS products in domestic China market. Together with another ABS products issued by China Construction Bank, they have set the corner stone for a promising debt capital