China Citic Bank Corp

Citic Bank profit tops 4.2b yuan

China Citic Bank Corp, the country's seventh-largest lender, said first-quarter net profit was 4.2 billion yuan (HK$4.68 billion), driven by higher net interest income.

Wednesday, 30 April, 2008, 12:00am

Citic Bank warns of slowing loan growth

China Citic Bank Corp, whose profits rose more than 115 per cent last year, may see new loan growth slow to 17 per cent this year from 24.8 per cent as the mainland tighter monetary policy and the global economy worsens.

28 Mar 2008 - 12:00am

Citic Bank hits target as income climbs 122.5pc on loan growth

China Citic Bank Corp, the mainland's seventh-largest commercial bank, met its own forecast when net profit more than doubled last year from 2006 on rapid loan growth and improved interest rate margins.

27 Mar 2008 - 12:00am

Citic Bank nine-month net profit at 5.3b yuan

China Citic Bank Corp, the country's seventh-largest lender, reported a net profit of 5.27 billion yuan for the first nine months, close to its full-year earnings forecast of 5.68 billion yuan stated in its prospectus when the bank floated its shares in April.

30 Oct 2007 - 12:00am

Citic Bank warns rate rise to slow loan growth

China Citic Bank Corp, the mainland's eighth-largest lender, warned of slower loan growth after the central bank raised interest rates for the fourth time this year on Tuesday.

Citic Bank was adjusting its assets to ease the impact of the rate rise on profitability, chairman Chen Xiaoxian said yesterday in a post-results briefing.

24 Aug 2007 - 12:00am

Citic Bank gains on faster loan growth, interest

China Citic Bank Corp, the mainland's eighth-largest lender, said profit rose 82.4 per cent in the first half, thanks to an increase in intermediary income, faster loan growth and a wider interest margin.

Profit jumped to 3.22 billion yuan for the first six months from 1.77 billion yuan a year ago, it said.

23 Aug 2007 - 12:00am

Record warrants for debut of Citic Bank

China Citic Bank Corp will have a record number of 32 derivative warrants listed on Friday when its shares debut in Hong Kong, reflecting investors' keen interest in the mainland lender.

Citic Bank's warrants are offered by 10 issuers and have implied volatilities, a simulated forward price movement of an underlying stock, ranging from 32 per cent to 98 per cent.

25 Apr 2007 - 12:00am

Citic Bank and CMOC offers draw HK$439b

China Citic Bank Corp and China Molybdenum Co (CMOC) have attracted at least HK$439 billion worth of retail orders for their Hong Kong initial public offerings, thanks to investors' persistently strong appetite for new offerings and ample market liquidity.

19 Apr 2007 - 12:00am