CCB: Libyan business risk controllable loss

Construction Bank yesterday issued a statement on Libya's operations.　　CCB spokesman said that at present, the construction bank in Libya, the relevant business has no actual losses, and risk controllable. The spokesman said that the CCB involved in the Libyan business mainly under the external contract projects under the prepayment and performance guarantee business mainly, and the size of the business and the amount is limited. At present, CCB has received a request for the postponement of a bank in Libya. Before accepting the letter of guarantee business, CCB has carried on the careful appraisal to the customer standard, the business risk and so on, and has taken the related risk sustained-release measure.　　At present, the relevant business does not appear actual losses, the risk can be controlled.　　The spokesman stressed that CCB will, under the guidance of relevant State departments, strictly follow international practice to properly handle the relevant business, and effectively protect the interests of customers and banks. The Ministry of Commerce said recently that the two Libyan banks to the China Import and Export bank, the Chinese bank, CCB proposed 11 letter of Guarantee extension request, the total amount of 497 million U.S. dollars. Among them, the construction Bank received 1, involving an amount of 31.85 million U.S. dollars. Responsible Editor: NF045