Citic Bank

Briefs, October 25, 2012

Angang Steel reported a net loss of 1.19 billion yuan in the third quarter.

Citic Bank shareholder selling 458m shares

Thursday, 25 October, 2012, 4:53am

Citic Bank plans to reduce property loan growth by third

China Citic Bank, the lending unit of the mainland's biggest investment firm, says it will cut property loan growth by at least a third this year from 2010, signalling its determination to prune risk and reduce its exposure to the sector.

5 May 2011 - 12:00am

Citic Bank sees 80pc jump in first-half profit

China Citic Bank, the mainland's eighth-largest bank, said its first-half net profit jumped by more than 80 per cent on increased lendings and intermediary income, as well as a widening net interest margin.

16 Jul 2007 - 12:00am

Citic Bank increases share sale to US$5.95b

China Citic Bank Corp, which raised US$5.4 billion from a simultaneous listing in Hong Kong and Shanghai last week, has boosted its share sale to US$5.95 billion by selling additional shares to meet investors' demand.

3 May 2007 - 12:00am

Citic Bank begins share sale

China Citic Bank Corp, the mainland's eighth-largest bank by assets, opens the retail tranche today in Hong Kong for its US$5.4 billion initial public offering with a narrower price range than originally planned.

16 Apr 2007 - 12:00am

Citic Bank eyes US$5b in HK, Shanghai IPOs

China Citic Bank, a unit of conglomerate Citic Group, aims to raise as much as US$5 billion from simultaneous listings in Hong Kong and Shanghai late next month, sources close to the deal said.

29 Mar 2007 - 12:00am

Citic Bank looking for a retail makeover

Back in the 1980s Citic Bank was at the cutting edge of economic reform. Today it is farther back in the pack and searching for a new vocation.

12 Feb 2007 - 12:00am

Citic Bank gets 5b yuan infusion

Parent firm's action aims to improve lender's position before US$2b listing

Mainland conglomerate Citic Group has injected five billion yuan into China Citic Bank before the commercial bank's US$2 billion initial public offering in Hong Kong this year.

4 Jul 2006 - 12:00am

Citic Bank manager held over 40m yuan theft

Corporate client left vulnerable after 'breakdown' of internal controls at lender

A credit manager at China Citic Bank has been accused of stealing 40 million yuan from the account of a big corporate client, a newspaper reported at the weekend.

26 Jun 2006 - 12:00am