China Citic Bank said its business model faced austere challenges after posting a 5.07 per cent growth in net profit in the first half and a 93.7 per cent surge in impairment losses.Wednesday, 28 August, 2013, 4:50am
China Citic Bank's share price fell yesterday after it reported disappointing results for last year. The stock fell 2.5 per cent to close at 4.67 yuan on the mainland stock market, after falling as much as 4.3 per cent intraday.30 Mar 2013 - 4:33am
China Citic Bank reported flat earnings for last year, while its Hong Kong-listed mainland peers posted double-digit growth. Earnings grew by a quarter at China Merchants Bank (CMB) and more than a third at China Minsheng Banking.29 Mar 2013 - 5:05am
Citic Bank is stepping up its provisioning against potential bad loans, which analysts said is likely to weigh on its profit next year.
"The increase in provisions is our advanced plan to meet the regulatory requirement on the [loan-loss] provision ratio," Wang Kang, general manager of Citic's planning and finance department, said yesterday.31 Oct 2012 - 2:30am
China Merchants Bank's net profit grew 16.6 per cent in the third quarter from a year earlier, driven by a rise in interest income, but net interest margin dipped amid fierce competition.
Earnings at the mainland's sixth-largest lender by assets reached 11.41 billion yuan (HK$14.16 billion).30 Oct 2012 - 4:25am
China Citic Bank, the mainland's seventh-largest lender by assets, said net profit jumped 29 per cent to 19.4 billion yuan (HK$23.73 billion) in the first half of this year from a year earlier.30 Aug 2012 - 3:17am
Hong Kong-listed mainland lender China Citic Bank beat market expectations to post a 43 per cent increase in net profit last year.
But its chief executive warned yesterday of slower growth ahead for the mainland economy.1 Apr 2012 - 12:00am
From planting trees in country parks to baking cakes with underprivileged children, Citic Bank International's 1,600 employees have contributed more than 10,000 hours to volunteer work, says Doreen Chan, the bank's chief executive.14 Dec 2011 - 12:00am
China Citic Bank said yesterday that outstanding loans to so-called local government financing vehicles continued to fall and expected fewer to come due in the fourth quarter.28 Oct 2011 - 12:00am
Citic Bank International (CBI), China Citic Bank's offshore commercial banking arm, said its settlement of yuan-denominated, cross-border transactions jumped 366 per cent to 23.55 billion yuan (HK$28.6 billion) in the first half of the year.12 Sep 2011 - 12:00am
China Citic Bank said loans to local government financing vehicles (LGFV) rose about 50 billion yuan (HK$61 billion) to around 170 billion yuan in the first half, largely due to a redefinition of existing loans rather than new debts.31 Aug 2011 - 12:00am