2015 Annual Results Announcement
Beijing / Hong Kong
Disclaimer
This information was prepared by the China Construction Bank Corporation (“CCB” or the
“Bank”), without being independently verified. This information is not to express or imply any
representation or warranty, accuracy, fairness or integrity of the information expressed or contained
and the information is not and should not be relied upon. The advisors or representatives will not bear
any responsibility as expressed in this information or any information contained in any manner
whatsoever for any loss caused by the Bank and any of its affiliates, advisors or representatives. Please
do not rely on any forward-looking statements, information or language of such nature contained
herein.
2China Construction Bank 2015 Annual Result Announcement
Key Financials
3
RMB (billion) 31 December 2015 31 December 2014 Y-o-Y Change
Total assets 18,349.5 16,744.1 9.6%
Loans and advances to customers
10,485.1 9,474.5 10.7%
Total liabilities 16,904.4 15,492.2 9.1%
Deposits from customers 13,668.5 12,899.2 6.0%
Capital adequacy ratio 15.39% 14.86% 0.53pps
January - December 2015 January - December 2014 Y-o-Y Change
Net interest income 457.8 437.4 4.7%
Net fee and commission income
113.5 108.5 4.6%
Net profit 228.9 228.2 0.3%
Earnings per share RMB0.91 RMB0.91 Even
Cost to income ratio 27.02% 28.92% 1.9pps
China Construction Bank 2015 Annual Result Announcement
Transformation and Development
Financial Performance
Risk Management
Outlook
12,281.8 13,972.8
15,363.2 16,744.1
18,349.5
0.0
2,000.0
4,000.0
6,000.0
8,000.0
10,000.0
12,000.0
14,000.0
16,000.0
18,000.0
20,000.0
2011 2012 2013 2014 2015
Total Assets
Outstanding achievements during 12th Five-year Plan period
5
Total assets up by 70% with a 11.2% CAGR
RMB(Billion)
Total net profit amounted to RMB 1.04 trillion, dividends reached nearly RMB 345 billion
59.1 67.0 75.0 75.3 68.5
169.4193.6
215.1228.2 228.9
0.0
50.0
100.0
150.0
200.0
250.0
2011 2012 2013 2014 2015Dividends Net Profit
China Construction Bank 2015 Annual Result Announcement
RMB(Billion)
Pushed forward with strategic transformation
6
Based on five principles Seven focus points for the Bank’s transformation
China Construction Bank 2015 Annual Result Announcement
I n t e g r a t e d o p e r a t i o n s
M u l t i - f u n c t i o n a l s e r v i c e s
I n t e n s i v e d e v e l o p m e n t
I n n o v a t i v e b a n k
S m a r t b a n k
Assets & liabilities
Management of assets and liabilities as a bank
Management of assets and liabilities on a consolidated basis as a group
Wholesale business
Deposit, loan and transfer services
Integrated customer services
Retail business Personal business Integrated retail business
on a consolidated basis
Electronic banking Traditional services Comprehensive e-
banking
Asset management
Deposit and loan businesses
Deposit & loan + asset management
Subsidiaries’ products & services
few types of product Diversify
International business
Traditional servicesIntegrated, internationalized, efficient and quality services
Promoted operation and management of assets and liabilities on a consolidated basis
7
Significant achievements in managing assets and liabilities on a consolidated basis Transformation and development measures
China Construction Bank 2015 Annual Result Announcement
9.6%
16.5%
40.7%
6.0%
9.1%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
1 2 3 4 5 6Asset
growthAsset
growth of overseas commercial banks
Asset growth of integrated
subsidiaries
Deposit growth
Growth of integrated liabilities
Proactive expansion on customers’ financial assets
Maintained stable growth of deposits
Diversified sources of liability
Launched a system to consolidate the planning and management of assets and liabilities
Strategies for promoting the operation and management of assets
Strategies for promoting the operation and management of liabilities
Integrated assets
Integrated liabilities
Integrated financial services
Expanded integrated asset business
Strengthened integrated financial services capability
Strengthened collaborative development within the Group
Continued to reinforce the strengths of the wholesale business
8
Continuous growth in infrastructure loans Visible achievements in the “Three Integrateds” for corporate customers
China Construction Bank 2015 Annual Result Announcement
The number of pilot corporate customers for integrated pricing increased to 4,639
RMB (Billion)Improved integrated marketing capability
Improved integrated service capability
Expanded integrated pricing scope
Strengthened collaboration between departments, the Bank and its subsidiaries, and between branches in different regions
Head office helped to implement over 500 major marketing projects
Designed integrated financial service plans for customers
Invested insurance funds in commercial and industrialsectors
Built a corporate-oriented e-finance service system
44.4% 46.9%
2,559.2 2,707.8
0
1000
2000
3000
0%
20%
40%
60%
80%
100%
2014-12-31 2015-12-31Infrastructure loans as % of domestic corporate loans …Infrastructure loan balance
Built a leading retail bank
9
Ranks first among peers in personal housing finance
Total credit card issuance amounted to RMB 80.74 million
China Construction Bank 2015 Annual Result Announcement
RMB(Billion)
1,183.3
1,510.4
2,253.8
2,773.9
0
500
1,000
1,500
2,000
2,500
3,000
2014-12-31 2015-12-31Personal provident housing loan balanceResidential mortgages balance
1,658.1
2,218.3
18.7
22.9
0
6
12
18
24
30
0
500
1000
1500
2000
2500
2014 2015Volume of customer transactionIntermediate business income
RMB(Billion)
Built a comprehensive internet finance service system
10China Construction Bank 2015 Annual Result Announcement
Comprehensive internet finance service system
Three online channels
Three life services platforms Smart applications
Three internet product lines
Online banking
Mobile banking
WeChat banking
Internet payment
Internet wealth management
Internet financing
Smart customer services robots
Smart banks
E.ccb.com
“Joy Life”
“Wonderful Life”
Maintained a leading position in bond underwriting for five consecutive years
Established a trail transport PPP fund and urbanization-related fund
One of the first banks to provide an agency service for the Mainland - Hong Kong Mutual Recognition of Funds
55.3
93.9
384
456
200
250
300
350
400
450
500
20.0
40.0
60.0
80.0
100.0
2014-12-31 2015-12-31
Assets under custody Personal accounts in operation
(in 10,000)
Developed asset management business
11
Steady growth in personal pension accounts and assets under custody
New breakthroughs in consolidated management of assets
China Construction Bank 2015 Annual Result Announcement
RMB(Billion)
Amount of assets under custody exceeded RMB 7 trillion
Balance of wealth management products exceeded RMB 1.6 trillion, making a new record high in terms of scale
Constructed an integrated operation platform
12
Rapid growth in assets and profit of integrated operation subsidiaries
Outperformed peers in integrated operation licenses
China Construction Bank 2015 Annual Result Announcement
RMB(Billion)
2.46
3.90
189.5
266.6
0.0
50.0
100.0
150.0
200.0
250.0
300.0
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
2014-12-31 2015-12-31
Net profit Total assets
CCB pension management company was founded
CCB insurance asset management company received approval to be established
CCB Trust ranked first in the sector with its trust assets under management exceeding RMB 1 trillion
CCB Life ranked first in the banking industry in terms of premium income
CCB Financial Leasing topped the list for the amount of leasing assets invested in leasing services
CCB International was a leading player in a number of securities sponsoring and underwriting projects plus M&A financial advisory projects
Total volume of funds managed by CCB Principal Asset Management reached RMB 686.3 billion
CCB Futures received approval to practice asset management
Improved global network for financial services
13China Construction Bank 2015 Annual Result Announcement
瑞士Switzerland
荷兰Netherlands美国
USA加拿大Canada
开曼群岛Cayman Islands
巴西Brazil
爱尔兰Ireland
西班牙Spain
法国France
英国UK
卢森堡Luxembourg
意大利Italy
南非South Africa
德国Germany
俄罗斯Russia
阿联酋UAE
韩国Korea
日本Japan
新加坡Singapore
香港Hong Kong
澳门Macau
台北Taipei
澳大利亚Australia
新西兰New Zealand
Over 130 overseas outlets across 25 countries and regions
Clearing network covers 43 countries and regions
Financing services cover 139 countries and regions
越南Vietnam
Promoted intensive development, innovation and smart banking
14
Continuously improved the business process Built an innovative and smart bank
China Construction Bank 2015 Annual Result Announcement
Asset management business centresBanking business centresFinancial market trading centres
Significant achievements in the development of the three integrated outlets
Integrated outlets totaled 14,500 covering 98% of the countryIntegrated tellers accounted for 89%21,532 integrated marketing teams were established
Established specialized operation centres
Phase II of the “New Generation Core Banking System” was successfully put into operation and provided 4,465 business functions
Accelerated the development of innovative banks
Completed 1,970 product innovation and innovation duplication projects in 2015Facilitated the role of innovation laboratories as platforms for strategic product research and development Established an innovation duplication system across the Group
Accelerated the development of smart banks
Established 12 smart banksThe handling volume of smart customer services exceeded the total handling volume of manual customer services
Promoted the development of big data technologies
Launched big data-based strategiesBuilt big data analysis centresExplore big data applications
Built the most socially responsible bank
15China Construction Bank 2015 Annual Result Announcement
International communications
Public welfare project
Relief donations
Small & micro enterprises and agriculture-related loans
Green credit
Donated to the Tibet earthquake area and continued to launch key public welfare projects in the fields of poverty relief, education and health care. The total amount of donations in 2015 reached RMB 412.1 million
Lowered corporate financing costs and offered relief on certain corporate and personal charges to promote inclusive finance
As at end-December 2015, the Bank’s small & micro enterprises loan balance was RMB 1,277.9 billion and the balance of agriculture-related loans was RMB 1,892.8 billion
As at end December 2015, the Bank’s green credit balance amounted to RMB 733.6 billion and it achieved significant results in energy saving and emission reduction
The Bank joined international organizations such as APEC and B20 to strengthen interaction and cooperation with the international market and foster mutual access
Transformation and Development
Financial Performance
Risk Management
Outlook
Stable Profitability
17China Construction Bank 2015 Annual Result Announcement
Steady growth in net profit
47.1 46.3 69.1
92.6 106.8
135.0
169.4 193.6
215.1 228.2 228.9
0
60
120
180
240
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
RMB(Billion)
251.5 304.6
353.2 389.5
437.4 457.8
0.0
100.0
200.0
300.0
400.0
500.0
2010 2011 2012 2013 2014 2015
Net interest income
Net interest income continued to grow
18
Net interest income up by 4.7% YoY
RMB(Billion)
Net interest margin stayed relatively stable
China Construction Bank 2015 Annual Result Announcement
2.49%
2.70%2.75% 2.74% 2.80%
2.63%2.83%
3.27%
3.58%3.74%
4.03%3.97%3.74%
4.27%
4.70% 4.54% 4.72%4.43%
1.34%
1.70%2.12% 1.98% 2.11%
1.97%
1.0%
2.0%
3.0%
4.0%
5.0%
2010 2011 2012 2013 2014 2015
Net income margin Bond yieldYield of interest-bearing assets Cost of interest bearing liabilities
35.0
20.0
14.5 13.7 13.2 9.9
6.7
30.6
13.2 10.9
18.6
13.6
8.8 6.4
0
10
20
30
40
Bank card fees Agency service fees Income of financing
product
Advisory and
consulting fees
Settlement and
clearing fees
Custodian and other
entrusted business
Electronic banking
income
2015 2014
Stable growth in fee income
19China Construction Bank 2015 Annual Result Announcement
Net fee and commission income up by 4.6%, in a leading position among commercial banking peers
RMB (Billion)
Effective cost control
20
Effective control of operating costs
RMB(Billion)
Cost-to-income ratio continued to decrease
China Construction Bank 2015 Annual Result Announcement
91.6 91.5
30.5 33.0
38.9 34.0
161.0 158.5
0
30
60
90
120
150
180
2014 2015
28.92%27.02%
0%
5%
10%
15%
20%
25%
30%
35%
40%
2014 2015Cost-to-income ratio
China Construction Bank 2015 Annual Result Announcement
21
Sufficient provisions
Asset impairment expenditure up by 51.3% YoY Provision to loans ratio remained relatively stable
35.8 40.0 43.2
61.9
93.6
0.50% 0.51% 0.50%
0.63%
0.88%
0.00%
0.20%
0.40%
0.60%
0.80%
1.00%
0
20
40
60
80
100
2011 2012 2013 2014 2015Expenditure of impairment Credit cost
171.2
202.4
228.7 251.6 250.6
2.64% 2.69% 2.66% 2.66%2.39%
1.00%
2.00%
3.00%
4.00%
5.00%
0
60
120
180
240
300
2011-12-312012-12-312013-12-312014-12-312015-12-31Balance of allowances for impairment losses of loans
Provision to loans ratio
RMB(Billion) RMB(Billion)
Transformation and Development
Financial Performance
Risk Management
Outlook
Improved overall risk management capability
23
Strengthened Group’s all-round risk management Controlled and managed risks in key areas
China Construction Bank 2015 Annual Result Announcement
Promoted the re-examination, monitoring and conduction of its risk appetite
Formulated, improved and applied stress testing-based management policies
Intensified overseas institutions’ anti-money laundering and compliance management
Conducted coordinated liquidity management at Group level
Strengthened operational risk management
Improved reputational risk management standards
Optimized and utilized risk measurement tools
Improved credit risk management capability
Enhanced risk early-warnings, forecasts, prevention and pre-control measuresStrengthened efforts to dispose of non-performing assetsStrengthened foundation for credit management
Improved market risk management capability
Established a contingency mechanism for major market risksIntensified stress tests on interest and foreign exchange ratesPushed forward with the development of the market risk management and control system
Adjusted credit structure
24China Construction Bank 2015 Annual Result Announcement
Incremental loan balance in related domestic sectors
RMB (Billion)520.1
148.6 135.0 101.0
60.0
8.0
-3.6
-53.0 -70.8
-88.5 -100
0
100
200
300
400
500
600
Residential
mortgages
Infrastructure-
related loans
Small and micro
businesses
Agriculture-
related loans
Emerging
strategic sectors
Wholesale and
retail
Industries with excess capacity
Localgovernment
financingvehicles
Real estatesector
Manufacturingsectors
Note: Industries with excess capacity include steel, cement, electrolytic aluminum, plate glass, and shipping.
956.6 1,046.3
1,146.0
0.55%0.46%
0.28%
0.0%
0.2%
0.4%
0.6%
0.8%
1.0%
0.0
200.0
400.0
600.0
800.0
1,000.0
1,200.0
2013-12-31 2014-12-31 2015-12-31Balance of loans to transportation,storage and postal servicesNPL ratio
Effective risk control in key sectors – stable asset quality of infrastructure loans
25
Good quality of loans to transportation, storage and postal services
RMB (Billion)
Good quality of loans to production and supply of electric power, heat, gas and water
China Construction Bank 2015 Annual Result Announcement
571.0 606.3
642.0
0.36%0.31% 0.33%
0.0%
0.3%
0.5%
0.8%
1.0%
0.0
160.0
320.0
480.0
640.0
800.0
2013-12-31 2014-12-31 2015-12-31Loans to production and supply of electric power,heat,gas and waterNPL ratio
RMB (Billion)
Effective risk control in key sectors-asset quality of real estate loans under control
26
Asset quality of real estate loans under control Asset quality of residentialmortgages outperformed peers
1,880.2
2,253.8
2,773.9
0.17%0.21%
0.31%
0.0%
0.2%
0.4%
0.6%
0.8%
1.0%
0.0
500.0
1,000.0
1,500.0
2,000.0
2,500.0
3,000.0
2013-12-31 2014-12-31 2015-12-31
Balance of residential mortgage NPL ratio
500.4 520.1
449.3
0.76%
1.10%1.23%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
0.0
150.0
300.0
450.0
600.0
2013-12-31 2014-12-31 2015-12-31
Balance of real estate loans NPL ratio
RMB (Billion)
China Construction Bank 2015 Annual Result Announcement
RMB (Billion)
Effective risk control in key sectors-risk of loans to industries with excess capacity under control
27
Loans to industries with excesscapacity gradually decreasing
Risk management measures
133.8 130.3
0.0
50.0
100.0
150.0
200.0
2014-12-31 2015-12-31
Balance of loans to industries with excess capacity
Implemented list management and provided different solutions based on the categories of customers
Implemented credit exit policy
Strengthened post-lending monitoring and organized more company visits and on-site inspections
RMB (Billion)
China Construction Bank 2015 Annual Result Announcement
Strictly controlled the total amount of loans
Maintained reasonable liquidity level
28
Liquidity maintained within a reasonable range Key measures
Improved the overall management of liquidity at Group level
46.57% 48.88%44.17%
55.20% 57.03%59.84%
0.00%
20.00%
40.00%
60.00%
80.00%
2013-12-31 2014-12-31 2015-12-31
RMB liquidity ratio Foreign currency liquidity ratio
Intelligently planned interbank business scale
Leveraged interest rate and increased bond investment
Optimized overall capital allocation and reduced financing costs at Group level
Integrated the management of RMB and foreign currency,
and intensified overseas operation of RMB
Strengthened large fund flow alert
China Construction Bank 2015 Annual Result Announcement
12.11%
13.13%
12.11%
13.32%
14.86%15.39%
0%
4%
8%
12%
16%
CAR was calculated in accordance with the Measures for CapitalManagement of Commercial Banks (Trial) using AdvancedMeasurement Approach, parallel period rules applicable.
Constantly improved capital adequacy ratios
29
Highest capital adequacy ratio among peers Strengthened capital management capability
Named on the list of “Global Systemically Important Banks” and initiated the recovery and resolution plan
2014-12-31 2015-12-31
Innovative capital management tools.
Preference shares: offshore non-public preference shares of US$3.05 billion
Tier 2 capital bonds: offshore tier 2 capital bonds of US$2 billion, onshore tier 2 capital bonds of RMB24 billion
Improved capital pass-through and constraint mechanism and promoted operational transformation towards more intensive
utilization of capital
Improved internal advanced rating model of credit risks and advanced measurement for operational risks
China Construction Bank 2015 Annual Result Announcement
Com
mon equity tier 1 ratio
Com
mon equity tier 1 ratio
Tier 1 ratio
Tier 1 ratio
Capital adequacy ratio
Capital adequacy ratio
Transformation and Development
Financial Performance
Risk Management
Outlook
Opportunities and challenges
31
Opportunities Challenges
U.S and Eurozone economies getting back on track
Continuous favorable prospects for Chinese economy
Deepening structural reforms on the supply side
Important strategy deployment of One Belt One Road, Beijing-Tianjin-Hebei synergy development and
Yangtze River Economic Zone construction
Rapid growth of emerging industries and new business models
Rapid development of the financial market and continuous expansion of banks’ business scopes
Complex and changing global economic situation; further divergence between the growth trends of major
economies and monetary policies
Aggravated fluctuation of the international financial market and commodity price
Pressure exerted by de-leveraging and de-capacity on banks’ assets quality
Higher standards for banking operations and management raised from capital regulation, macro-
prudential assessment system (MPA) and new supervisory regulations for service fee practices
China Construction Bank 2015 Annual Result Announcement
Counter measures
32
Develop into a modern commercial banking group that is highly capable of value creation under the guidance of the transformation development plan
Push forward with the implementation of the Bank’s transformation development plan and strengthen the foundation for operation management
Support important national strategies and improve capability to serve the real economy
Continue to optimize credit structure and improve efficiency in asset allocation
Improve integrated pricing power and tackle the risk of interest rate liberalization
Continue to strengthen overall risk management and improve compliance management of overseas institutions
Establish a financial ecosystem based on "Internet +” and improve the capacity of big data
China Construction Bank 2015 Annual Result Announcement
Well recognized in the industry
33
2nd in the “Top 1000 World
Banks” (in terms of tier 1 capital)
29th in the "Fortune Global 500"
Best CSR Contribution Award 2015
2015 Best Bank in China
2nd in the "Forbes Global
2000"
2016 Best Retail Bank in China
China Construction Bank 2015 Annual Result Announcement
Q&A15
Beijing/Hong Kong
Thank you15
Beijing/Hong Kong