Country Awards for Achievement Day 1 - Best Domestic Commercial Bank

We are pleased to announce the winners of FinanceAsia''s 4th annual Country Awards for Achievement. Today''s category- Best Domestic Commercial Bank.
 Best Domestic Commercial Bank - China

China Merchants Bank

The Chinese banking sector does not lend itself to the same transparent overview that its bretheren do around the region. However, China Merchants Bank CMB is one of the new generation of banks -- outside the big four -- and as a result does not suffer from the same legacies. In 2000, it made profit of Rmb16.7 billion up from Rmb12.7 billion in 1999, a 37% increase. CMB specializes in trade finance and is in a good position to benefit from increased trade following China's accession to the World Trade Organization. It has a healthy parent in Hong Kong-listed China Merchants Group. Perhaps one...

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