Citic Ka Wah Bank

Evidence probe delays fraud trial

The District Court yesterday adjourned a fraud trial after the defendants sought time to verify reports that a senior prosecuting officer linked to the case was assisting in police investigations of the handling of evidence in the case.

Tuesday, 12 June, 2012, 12:00am

Citic arm slips to HK$7.4m operating loss

Citic International Financial Holdings, the local financial arm of China Citic Group, recorded a first-half operating loss of HK$7.44 million after a banking unit was forced to make further write-downs on the back of the global credit crunch.

22 Aug 2008 - 12:00am

In Brief

China Communications Construction profit up 89pc

China Communications Construction, the world's largest builder of ports, said 2007 profit rose 89 per cent as booming trade prompted massive spending on infrastructure. Net income climbed to 6.03 billion yuan, or 0.41 yuan per share, from 3.2 billion yuan, or 0.29 yuan per share. Charlotte So

9 Apr 2008 - 12:00am

Taking on responsibility

Corporate social responsibility (CSR) in Hong Kong is becoming increasingly high-profile for financial services firms and banks.

Nowhere is this more apparent than in the annual financial reports of listed banks in Hong Kong. Mainland-backed Citic Ka Wah Bank has gradually devoted more space in its annual reports to highlight its CSR initiatives.

7 Mar 2008 - 12:00am

Banks' resilience cited in Moody's stable outlook

Moody's Investors Services said the credit rating outlook for Hong Kong banks was stable, partly because it believed local lenders will be able to withstand future financial shocks.

22 Dec 2007 - 12:00am

Banks' resilience cited in Moody's stable outlook

Moody's Investors Services said the credit rating outlook for Hong Kong banks was stable, partly because it believed local lenders will be able to withstand future financial shocks.

22 Dec 2007 - 12:00am

Citic Ka Wah gears up for expansion

Citic Ka Wah Bank's exposure to structured investment vehicles totals US$340 million and the bank is raising funds through capital injection and a note programme, its parent Citic International Financial Holdings said.

27 Nov 2007 - 12:00am

Moody's downgrades Citic Ka Wah rating

Moody's Investors Service has downgraded Citic Ka Wah Bank's credit rating on worries that the lender will have to make a substantial provision for its HK$4.6 billion exposure to structured investment vehicles (SIV) and other alternative investments.

22 Nov 2007 - 12:00am

Citic Ka Wah takes on BBVA Asia operations

Hong Kong's Citic Ka Wah Bank expects 'transformational growth' by 2010 after it fully integrates the Asia wholesale operations of Spanish lender Banco Bilbao Vizcaya Argentaria.

3 Sep 2007 - 12:00am

Former teller jailed for swindling friends

A former Citic Ka Wah Bank teller who deceived two friends out of HK$1.2 million to pay off her credit card bills was jailed for 28 months yesterday.

Yu Yin-chi, 30, had pleaded guilty in the District Court to two counts of fraud.

19 Jul 2007 - 12:00am

In Brief

Police think bank robber has struck a second time

17 May 2007 - 12:00am

Bank robber threatens customer with a knife

A bank robber threatened a woman customer with a knife during a holdup in Kowloon City yesterday.

The woman, 50, was the only client in the To Kwa Wan branch of Citic Ka Wah Bank in Ma Tau Wai Road when the robbery happened at about 1pm. Three employees were on duty but there was no security guard.

10 May 2007 - 12:00am

Citic Ka Wah lines up US$200m bond float

Citic Ka Wah Bank, owned by the mainland's largest state-held investment company, plans to sell about US$200 million of subordinated bonds later this year, according to sources.

17 Jun 2006 - 12:00am

Millionaire target pays off for Citic Ka Wah

Citic Ka Wah Bank has seen income from its wealth management products jump after the mid-tier lender doubled its customer base for account holders with more than $1 million of liquid assets.

8 Jun 2006 - 12:00am

Citic eyes stake sale to boost global presence

Financial firm seeks strategic investors after acquiring 19.9pc of sister bank

Citic International Financial Holdings (CIFH), the financial flagship of Citic Group, may sell stakes to strategic investors to widen its international presence, according to a senior executive.

4 Apr 2006 - 12:00am

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