31/12/2011

Consolidated data in US$ million.

Exchange rate: CNY/USD 0.15871
Income statement

Interest on loans 66,084

Interest on bank deposits 2,187
Interest and preferred stock dividends on securities (AFS and HtM) 19,216

Other interest income 6,084

Total interest received 93,571
Interest on customer deposits 29,940
Interest on debt securities 850
Interest on bank deposits 5,207
Other interest expenses n.a.
Total interest paid 35,997
Net interest income 57,573
Fee and commission income 17,311
Fee and commission expense 1,195
Net fee and commission income 16,117
Net trading income on securities and derivatives 70
Net gains and losses on assets & liabilities at fair value through P&L -43
Net gains and losses on other securities 28
Total net trading income and fair value gains and losses 56
Net insurance income n.a.
Dividend income: common stock 7
Net gains and losses on real estate n.a.
Other operating income 936
Operating revenues 74,688
Impairment on loans and advances 5,058
Impairment on other assets -119
Total Impairment charges 4,939
Net operating revenues 69,749
Staff expenses 13,947
Other administrative expenses 4,480
Other operating expenses 8,491
Total operating expenses 26,919
Operating profit 42,830
Equity accounted share of profits of associates and joint ventures 388
Non-operating income n.a.
Non-operating expenses n.a.
Profit/(loss) on acquisition and disposal of subsidiaries n.a.
Profit before tax 43,218
Income tax expense 10,136
Net profit/(loss) for the year from discontinued operations n.a.
 Net income 33,082
Dividend paid 11,247
Retained Income 21,835

Common dividends related to the period 11,247

Preferred dividends related to the period n.a.

Profit attributable to group equity holders 33,053

Profit attributable to non-controlling interest 29

Assets

Cash & balances with central banks 444,560

Net loans and advances to banks 75,862
Reverse repos, securities borrowed & cash collateral 55,458
Derivative financial instruments 2,771
Financial assets: trading and at fair value through P/L 24,157
Financial assets: available for sale 133,331
Financial assets: held to maturity 384,832
Other securities 79,164
Investments in associated companies 5,198
Mortgage Loans 188,773
Consumer loans 131,011
Corporate loans 899,318
Other Loans 17,055
Gross loans 1,236,156
Loans loss reserves 30,929
Net loans and advances to customers 1,205,228
Brokerage receivables n.a.
Deferred tax assets 3,482
Investment property n.a.
Fixed assets (property, plant and equipment) 18,891
Insurance assets n.a.
Current tax assets n.a.
Discontinued operations n.a.
Foreclosed / Other real estate owned 261
Other assets 18,732
Other assets 37,884
Goodwill 971
Other Intangible assets 3,397
Intangible assets 4,369
Total assets 2,456,295
Liabilities

Demand deposits 1,013,043

Savings deposits n.a.
 Time deposits 904,680
Other customer deposits 28,224
Customer deposits 1,945,947
Bank deposits 212,889
Other wholesale deposits 6,575
Short term funding and Debt Securities < 1 year n.a.
LT Borrowings and Debt Securities at Historical Cost 5,799
Financial liabilities at fair value through P&L (fair value portion of debt) 27,293
Other long term borrowing n.a.
Repurchase agreements, securities loaned, cash collateral 32,734
Derivative financial instruments 2,002
Trading liabilities n.a.
Brokerage payables n.a.
Other liabilities 34,713
Discontinued operations n.a.
Insurance liabilities n.a.
Current tax liabilities 8,179
Deferred tax liabilities 16
Provisions 1,531
Other deferred liabilities n.a.
Other liabilities and provisions 44,439
Subordinated liabilities 26,602
Total liabilities 2,304,281
Preference shares accounted for as debt n.a.
Preference shares accounted as equity n.a.
Other hybrid capital n.a.
Hybrid capital n.a.
Common equity: par value + capital surplus 76,367
Valuation gains/losses on AFS securities -635
Valuation gains/losses on property n.a.
Cashflow hedging reserve -618
Foreign Exchange Revaluation Reserves -1,713
Other Reserves 28,712
Treasury/Own Shares n.a.
Retained earnings 49,728
Shareholders equity 151,842
Non-controlling interests 172
Total equity 152,014
Total liabilities and equity 2,456,295
Off-balance sheet items

Guarantees 35,826
Acceptances and documentary credits 58,832
Committed Credit Facilities 219,042
Managed securitized assets n.a.
 Other exposure to securitizations n.a.
Other contingent liabilities 314
Total on and off-balance sheet items 2,770,309

Capital adequacy
Common equity tier 1 (CET1) 134,958
Common equity (core) tier 1 ratio (as reported)% 10.07
Total capital ratio (as reported)% 13.17
Equity / total assets% 6.19
Equity / Risk-weighted Assets% 11.34
Tangible Common Equity / Tangible Assets% 6.02

Asset quality
Total assets 2,456,295
Interest earning assets 1,933,875
Other earning assets 26,928
Total earning Assets 1,960,802
Loans / Total assets% 49.07

Risk weighted assets - Basel III transitional

Total risk weighted assets - transitional 1,340,644

Composition of capital - Basel III transitional and prior versions of Basel

Common equity (core) tier 1 134,958
Additional tier 1 5,070
Tier 1 140,028
Tier 2 43,141
Other eligible capital -6,613
Total transitional Capital 176,556

Asset quality data

Charge offs and recoveries

Gross charge offs 721
Recoveries 168
Net charge offs 553

Reserves
Collective/General loan impairment reserves 25,309
Individual/Specific loan impairment reserves 5,620

Impaired / Non Performing Loans

Total Impaired / Non Performing loans 11,587

Alternative split of impaired loans

Loss loans 1,620
Doubtful loans 6,144
Substandard loans 3,824
Special mention loans 36,793
Other classified loans n.a.
Performing loans n.a.

Non accrual loans n.a.

+ 90 days past due 9,207
Past due but not impaired 7,135
Rescheduled/Restructured loans 1,319
Expected loss n.a.
31/12/2012 31/12/2013 31/12/2014 31/12/2015

0.15899 0.16387 0.16343 0.15405

82,653 89,906 100,586 94,977

3,444 4,010 4,371 5,629
21,966 24,337 26,027 26,316

6,640 7,454 7,907 7,374

114,703 125,706 138,892 134,295
39,656 44,867 48,855 45,908
1,706 1,929 2,388 2,480
6,910 6,261 6,995 7,672
n.a. n.a. n.a. n.a.
48,272 53,057 58,238 56,060
66,432 72,649 80,654 78,236
18,424 22,049 23,971 24,905
1,561 2,003 2,318 2,816
16,863 20,046 21,653 22,089
81 25 285 651
-813 -395 -1,638 -917
89 86 266 734
-643 -284 -1,087 468
85 171 96 5
8 17 29 24
n.a. n.a. n.a. n.a.
1,477 2,266 2,406 2,195
84,222 94,864 103,752 103,017
5,194 6,253 9,197 13,251
171 27 74 150
5,365 6,280 9,271 13,401
78,856 88,585 94,481 89,616
15,301 16,953 18,307 17,588
4,796 5,014 4,898 4,815
10,102 11,485 12,532 11,616
30,199 33,452 35,737 34,019
48,657 55,132 58,744 55,597
422 344 353 359
n.a. n.a. n.a. n.a.
n.a. n.a. n.a. n.a.
n.a. n.a. n.a. n.a.
49,079 55,476 59,097 55,955
11,129 12,384 13,944 13,173
n.a. n.a. n.a. n.a.
 37,950 43,092 45,152 42,782
13,285 15,069 14,876 12,809
24,665 28,023 30,276 29,973

13,285 15,069 14,876 12,809

n.a. n.a. n.a. n.a.

37,925 43,040 45,075 42,691

25 52 78 91

513,594 549,919 591,530 488,986

101,191 117,656 127,925 105,337
86,584 54,389 76,559 153,483
2,346 4,100 3,930 12,150
35,244 61,051 56,681 52,880
146,423 164,001 194,196 222,475
409,654 430,060 419,413 442,171
57,987 53,174 54,213 54,247
5,292 4,673 4,726 3,726
213,192 281,944 338,350 387,614
150,441 165,028 162,298 158,001
1,006,833 1,154,712 1,244,091 1,212,286
29,256 24,295 57,244 80,421
1,399,722 1,625,979 1,801,983 1,838,322
35,042 39,486 42,095 43,234
1,364,680 1,586,493 1,759,887 1,795,088
n.a. n.a. n.a. n.a.
3,623 4,729 4,046 3,245
n.a. n.a. n.a. n.a.
21,605 26,932 32,567 34,572
n.a. n.a. n.a. n.a.
n.a. n.a. n.a. n.a.
n.a. n.a. n.a. n.a.
294 316 609 1,049
35,837 37,714 37,091 47,533
57,737 64,961 70,267 83,154
1,402 1,397 1,465 1,380
3,326 3,448 3,350 3,043
4,729 4,845 4,815 4,423
2,789,083 3,100,051 3,368,190 3,421,363

1,080,091 1,152,598 1,191,150 1,216,695

n.a. n.a. n.a. n.a.
1,060,352 1,207,021 1,297,123 1,253,940
28,679 36,295 54,071 37,558
2,169,122 2,395,914 2,542,344 2,508,194
236,571 208,111 251,654 349,083
6,043 21,395 28,803 28,245
n.a. n.a. n.a. n.a.
7,091 10,237 13,553 17,110
50,837 90,720 96,320 46,819
n.a. n.a. n.a. n.a.
37,803 49,047 62,258 51,943
2,108 3,141 3,953 11,835
n.a. n.a. n.a. n.a.
n.a. n.a. n.a. n.a.
59,895 70,877 75,158 88,175
n.a. n.a. n.a. n.a.
n.a. n.a. n.a. n.a.
9,050 9,123 9,914 11,590
88 69 74 153
1,234 691 784 726
n.a. n.a. n.a. n.a.
70,266 80,760 85,930 100,645
29,825 31,225 32,140 30,124
2,609,666 2,890,549 3,116,955 3,143,998
n.a. n.a. n.a. n.a.
n.a. n.a. n.a. n.a.
n.a. n.a. n.a. n.a.
n.a. n.a. n.a. n.a.
76,866 80,336 81,373 78,323
-597 -4,814 786 n.a.
n.a. n.a. n.a. n.a.
-597 -649 -630 -605
-2,039 -3,939 -4,266 -4,842
46,002 53,966 66,653 82,325
n.a. n.a. n.a. n.a.
59,231 83,893 106,265 120,463
178,866 208,792 250,181 275,664
550 709 1,053 1,701
179,417 209,502 251,235 277,366
2,789,083 3,100,051 3,368,190 3,421,363

41,501 62,138 50,262 52,937

62,520 68,124 66,191 56,480
226,081 270,558 266,310 244,566
n.a. n.a. n.a. n.a.
 n.a. n.a. n.a. n.a.
248 391 490 n.a.
3,119,432 3,501,261 3,751,443 3,775,347

160,656 207,597 242,970 262,111

10.62 10.57 11.92 12.87
13.66 13.12 14.53 15.22
6.43 6.76 7.46 8.11
11.87 10.67 12.32 13.62
6.27 6.61 7.33 7.99

2,789,083 3,100,051 3,368,190 3,421,363

2,166,518 2,405,773 2,632,194 2,772,800
37,590 65,151 60,611 65,030
2,204,108 2,470,924 2,692,805 2,837,829
48.93 51.18 52.25 52.47

1,512,211 1,963,520 2,038,885 2,035,999

160,656 207,597 242,970 262,111

5,422 3 5,638 12,257
166,078 207,600 248,608 274,368
47,438 50,047 47,541 35,591
-6,982 n.a. n.a. n.a.
206,534 257,647 296,149 309,960

1,197 2,704 6,270 9,288

142 160 245 168
1,055 2,544 6,025 9,121

30,049 33,084 35,355 35,301

4,993 6,402 6,740 7,933

11,857 15,353 20,346 27,654

1,379 2,317 1,361 2,188

 5,800 7,050 8,067 9,322
4,677 5,986 10,918 16,145
36,179 32,145 52,261 80,181
n.a. n.a. n.a. n.a.
n.a. n.a. n.a. 1,730,487

n.a. n.a. n.a. n.a.

9,873 13,071 18,821 25,078
9,001 7,141 14,240 23,801
1,143 808 748 702
n.a. n.a. n.a. n.a.
755,575
Consolidated data in US$ million.
Exchange rate: CNY/USD
Income statement

Interest on loans
Interest on bank deposits
Interest and preferred stock dividends on securities (AFS and HtM)
Other interest income
Total interest received
Interest on customer deposits
Interest on debt securities
Interest on bank deposits
Other interest expenses
Total interest paid
Net interest income
Fee and commission income
Fee and commission expense
Net fee and commission income
Net trading income on securities and derivatives
Net gains and losses on assets & liabilities at fair value through P&L
Net gains and losses on other securities
Total net trading income and fair value gains and losses
Net insurance income
Dividend income: common stock
Net gains and losses on real estate
Other operating income
Operating revenues
Impairment on loans and advances
Impairment on other assets
Total Impairment charges
Net operating revenues
Staff expenses
Other administrative expenses
Other operating expenses
Total operating expenses
Operating profit
Equity accounted share of profits of associates and joint ventures
Non-operating income
Non-operating expenses
Profit/(loss) on acquisition and disposal of subsidiaries
Profit before tax
Income tax expense
Net profit/(loss) for the year from discontinued operations
Net income
Dividend paid
Retained Income

Common dividends related to the period

 Preferred dividends related to the period

Profit attributable to group equity holders

Profit attributable to non-controlling interest

Assets

Cash & balances with central banks

Net loans and advances to banks
Reverse repos, securities borrowed & cash collateral
Derivative financial instruments
Financial assets: trading and at fair value through P/L
Financial assets: available for sale
Financial assets: held to maturity
Other securities
Investments in associated companies
Mortgage Loans
Consumer loans
Corporate loans
Other Loans
Gross loans
Loans loss reserves
Net loans and advances to customers
Brokerage receivables
Deferred tax assets
Investment property
Fixed assets (property, plant and equipment)
Insurance assets
Current tax assets
Discontinued operations
Foreclosed / Other real estate owned
Other assets
Other assets
Goodwill
Other Intangible assets
Intangible assets
Total assets
Liabilities

Demand deposits
Savings deposits
Time deposits
Other customer deposits
Customer deposits
Bank deposits
Other wholesale deposits
Short term funding and Debt Securities < 1 year
LT Borrowings and Debt Securities at Historical Cost
 Financial liabilities at fair value through P&L (fair value portion of debt)
Other long term borrowing
Repurchase agreements, securities loaned, cash collateral
Derivative financial instruments
Trading liabilities
Brokerage payables
Other liabilities
Discontinued operations
Insurance liabilities
Current tax liabilities
Deferred tax liabilities
Provisions
Other deferred liabilities
Other liabilities and provisions
Subordinated liabilities
Total liabilities
Preference shares accounted for as debt
Preference shares accounted as equity
Other hybrid capital
Hybrid capital
Common equity: par value + capital surplus
Valuation gains/losses on AFS securities
Valuation gains/losses on property
Cashflow hedging reserve
Foreign Exchange Revaluation Reserves
Other Reserves
Treasury/Own Shares
Retained earnings
Shareholders equity
Non-controlling interests
Total equity
Total liabilities and equity

Total Liabilities to Total Assets

31/12/2011 31/12/201 31/12/201 31/12/201 31/12/201
0.15871 2
0.15899 3
0.16387 4
0.16343 5
0.15405

2.69% 2.96% 2.90% 2.99% 2.78%

0.09% 0.12% 0.13% 0.13% 0.16%
0.78% 0.79% 0.79% 0.77% 0.77%
0.25% 0.24% 0.24% 0.23% 0.22%
3.81% 4.11% 4.05% 4.12% 3.93%
1.22% 1.42% 1.45% 1.45% 1.34%
0.03% 0.06% 0.06% 0.07% 0.07%
0.21% 0.25% 0.20% 0.21% 0.22%
n.a. n.a. n.a. n.a. n.a.
1.47% 1.73% 1.71% 1.73% 1.64%
2.34% 2.38% 2.34% 2.39% 2.29%
0.70% 0.66% 0.71% 0.71% 0.73%
0.05% 0.06% 0.06% 0.07% 0.08%
0.66% 0.60% 0.65% 0.64% 0.65%
0.00% 0.00% 0.00% 0.01% 0.02%
0.00% -0.03% -0.01% -0.05% -0.03%
0.00% 0.00% 0.00% 0.01% 0.02%
0.00% -0.02% -0.01% -0.03% 0.01%
n.a. 0.00% 0.01% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
n.a. n.a. n.a. n.a. n.a.
0.04% 0.05% 0.07% 0.07% 0.06%
3.04% 3.02% 3.06% 3.08% 3.01%
0.21% 0.19% 0.20% 0.27% 0.39%
0.00% 0.01% 0.00% 0.00% 0.00%
0.20% 0.19% 0.20% 0.28% 0.39%
2.84% 2.83% 2.86% 2.81% 2.62%
0.57% 0.55% 0.55% 0.54% 0.51%
0.18% 0.17% 0.16% 0.15% 0.14%
0.35% 0.36% 0.37% 0.37% 0.34%
1.10% 1.08% 1.08% 1.06% 0.99%
1.74% 1.74% 1.78% 1.74% 1.62%
0.02% 0.02% 0.01% 0.01% 0.01%
n.a. n.a. n.a. n.a. n.a.
n.a. n.a. n.a. n.a. n.a.
n.a. n.a. n.a. n.a. n.a.
1.76% 1.76% 1.79% 1.75% 1.64%
0.41% 0.40% 0.40% 0.41% 0.39%
n.a. n.a. n.a. n.a. n.a.
1.35% 1.36% 1.39% 1.34% 1.25%
0.46% 0.48% 0.49% 0.44% 0.37%
0.89% 0.88% 0.90% 0.90% 0.88%
0.00% 0.00% 0.00% 0.00% 0.00%
0.46% 0.48% 0.49% 0.44% 0.37%
 n.a. n.a. n.a. n.a. n.a.
0.00% 0.00% 0.00% 0.00% 0.00%
1.35% 1.36% 1.39% 1.34% 1.25%
0.00% 0.00% 0.00% 0.00% 0.00%

18.10% 18.41% 17.74% 17.56% 14.29%

3.09% 3.63% 3.80% 3.80% 3.08%
2.26% 3.10% 1.75% 2.27% 4.49%
0.11% 0.08% 0.13% 0.12% 0.36%
0.98% 1.26% 1.97% 1.68% 1.55%
5.43% 5.25% 5.29% 5.77% 6.50%
15.67% 14.69% 13.87% 12.45% 12.92%
3.22% 2.08% 1.72% 1.61% 1.59%
0.21% 0.19% 0.15% 0.14% 0.11%
7.69% 7.64% 9.09% 10.05% 11.33%
5.33% 5.39% 5.32% 4.82% 4.62%
36.61% 36.10% 37.25% 36.94% 35.43%
0.69% 1.05% 0.78% 1.70% 2.35%
50.33% 50.19% 52.45% 53.50% 53.73%
1.26% 1.26% 1.27% 1.25% 1.26%
49.07% 48.93% 51.18% 52.25% 52.47%
n.a. n.a. n.a. n.a. n.a.
0.14% 0.13% 0.15% 0.12% 0.09%
n.a. n.a. n.a. n.a. n.a.
0.77% 0.77% 0.87% 0.97% 1.01%
n.a. n.a. n.a. n.a. n.a.
n.a. n.a. n.a. n.a. n.a.
n.a. n.a. n.a. n.a. n.a.
0.01% 0.01% 0.01% 0.02% 0.03%
0.76% 1.28% 1.22% 1.10% 1.39%
1.54% 2.07% 2.10% 2.09% 2.43%
0.04% 0.05% 0.05% 0.04% 0.04%
0.14% 0.12% 0.11% 0.10% 0.09%
0.18% 0.17% 0.16% 0.14% 0.13%
100.00% 100.00% 100.00% 100.00% 100.00%

41.24% 38.73% 37.18% 35.36% 35.56%

n.a n.a n.a n.a n.a
36.83% 38.02% 38.94% 38.51% 36.65%
1.15% 1.03% 1.17% 1.61% 1.10%
79.22% 77.77% 77.29% 75.48% 73.31%
8.67% 8.48% 6.71% 7.47% 10.20%
0.27% 0.22% 0.69% 0.86% 0.83%
n.a. n.a. n.a. n.a. n.a.
0.24% 0.25% 0.33% 0.40% 0.50%
 1.11% 1.82% 2.93% 2.86% 1.37%
n.a. n.a. n.a. n.a. n.a.
1.33% 1.36% 1.58% 1.85% 1.52%
0.08% 0.08% 0.10% 0.12% 0.35%
n.a. n.a. n.a. n.a. n.a.
n.a. n.a. n.a. n.a. n.a.
1.41% 2.15% 2.29% 2.23% 2.58%
n.a. n.a. n.a. n.a. n.a.
n.a. n.a. n.a. n.a. n.a.
0.33% 0.32% 0.29% 0.29% 0.34%
0.00% 0.00% 0.00% 0.00% 0.00%
0.06% 0.04% 0.02% 0.02% 0.02%
n.a. n.a. n.a. n.a. n.a.
1.81% 2.52% 2.61% 2.55% 2.94%
1.08% 1.07% 1.01% 0.95% 0.88%
93.81% 93.57% 93.24% 92.54% 91.89%
n.a. n.a. n.a. n.a. n.a.
n.a. n.a. n.a. n.a. n.a.
n.a. n.a. n.a. n.a. n.a.
n.a. n.a. n.a. n.a. n.a.
3.11% 2.76% 2.59% 2.42% 2.29%
-0.03% -0.02% -0.16% 0.02% n.a.
n.a. n.a. n.a. n.a. n.a.
-0.03% -0.02% -0.02% -0.02% -0.02%
-0.07% -0.07% -0.13% -0.13% -0.14%
1.17% 1.65% 1.74% 1.98% 2.41%
n.a. n.a. n.a. n.a. n.a.
2.02% 2.12% 2.71% 3.15% 3.52%
6.18% 6.41% 6.74% 7.43% 8.06%
0.01% 0.02% 0.02% 0.03% 0.05%
6.19% 6.43% 6.76% 7.46% 8.11%
100.00% 100.00% 100.00% 100.00% 100.00%

93.81% 93.57% 93.24% 92.54% 91.89%

 31/12/2011 31/12/2012 31/12/2013
Consolidated data in US$ million.
Exchange rate: CNY/USD 0.15871 0.15899 0.16387

net interest income 57,573 66,432 72,649

total earning assets 1,960,802 2,204,108 2,470,924
Net Interest Margin 0.0293621437 0.0301398814 0.0294016686

net income 33,082 37,950 43,092

total assets 2,456,295 2,789,083 3,100,051
total equity 152,014 179,417 209,502
Return on assets（ROA） 0.0134681642 0.013606661 0.013900436
Return on equity（ROE） 0.2176237154 0.211519426 0.205688393

Total interest received 72,961 68,418 63,596

Total earning assets 1,540,519 1,567,387 1,527,054
Total interest paid 22,951 19,783 15,713
Total liabilities 1,678,248 1,663,553 1,670,341
interest spread 3.37% 3.18% 3.22%

Interest on loans 66,084 82,653 89,906

Gross loans 1,236,156 1,399,722 1,625,979
loan spread 5.35% 5.90% 5.53%

Interest on customer deposits 29,940 39,656 44,867

Customer deposits 1,945,947 2,169,122 2,395,914
deposit spread 1.54% 1.83% 1.87%
 31/12/2014 31/12/2015

0.16343 0.15405 Net Interest Margin

0.0305
0.0301398814
0.03 0.0299516795
80,654 78,236
0.0295 0.0294016686
2,692,805 2,837,829 0.0293621437
0.0299516795 0.0275688478 0.029
0.0285
45,152 42,782
0.028
3,368,190 3,421,363
0.0275 0.0275688478
251,235 277,366
0.0134054648 0.0125044012 0.027
0.1797211222 0.1542444151 0.0265
0.026
1 2 3 4 5
61,935 58,795
1,534,348 1,457,278
13,332 11,513
Return on assets （ ROA ）
1,628,760 1,506,405
3.22% 3.27% 0.0145

0.014
100,586 94,977 0.013900436
1,801,983 1,838,322 0.013606661
0.0135 0.0134681642
5.58% 5.17% 0.0134054648

0.013
48,855 45,908
2,542,344 2,508,194
0.0125 0.0125044012
1.92% 1.83%

0.012

0.0115
1 2 3 4 5

Return on equity （ ROE ）

0.25

0.2176237154 0.211519426
0.2 0.205688393
0.1797211222

0.15 0.1542444151

0.1

0.05

0
1 2 3 4 5
0299516795

0.0275688478

0134054648

0.0125044012

1797211222
0.1542444151

5
 31/12/2011 31/12/2012 31/12/2013 31/12/2014
Consolidated data in US$ millio
Exchange rate: CNY/USD 0.15871 0.15899 0.16387 0.16343

total assets 2,456,295 2,789,083 3,100,051 3,368,190

total equity 152,014 179,417 209,502 251,235
Leverage ratio 16.16 15.55 14.80 13.41

Leverage ratio
18.00
16.00 16.16 15.55
14.80
14.00
13.41
12.00 12.34

10.00
8.00
6.00
4.00
2.00
0.00
1 2 3 4 5
 31/12/2015

0.15405

3,421,363
277,366
12.34

13.41
12.34

4 5
Consolidated data in US$ million. 31/12/2011 31/12/2012 31/12/2013
Exchange rate: CNY/USD 0.15871 0.15899 0.16387
Liquidity
Cash & balances with central banks 444,560 513,594 549,919
Net loans and advances to banks 75,862 101,191 117,656
Reverse repos, securities borrowed & cash collateral 55,458 86,584 54,389
Total Liquid Assets 575,881 701,369 721,964
Total assets 2,456,295 2,789,083 3,100,051
Liquid asset to Total assets 23.45% 25.15% 23.29%
Customer deposits 1,945,947 2,169,122 2,395,914
Liquid asset to custoer deposits 29.59% 32.33% 30.13%
Return on equity（ROE） 21.76% 21.15% 20.57%

Trade-off between Liquidity and Profitability

0.35
0.3233423075
0.3 0.2959384381 0.30133149120.31310245730.2981449568
0.25
0.2
0.15
0.1
0.05
0
1 2 3 4 5 6 7
Liquid as set to custoer deposits
Return on equity （ ROE ）
Linear (Return on equity （ ROE ） )
31/12/2014 31/12/2015
0.16343 0.15405

591,530 488,986
127,925 105,337
76,559 153,483
796,014 747,805
3,368,190 3,421,363
23.63% 21.86%
2,542,344 2,508,194
31.31% 29.81%
17.97% 15.42%