China Citic Bank Corporation Limited(601998.SH)
Profile
Alternative Stock Code:
00998.HK
Registered Capital:
44306.97(RMB MLN)
Employees:
24991
Email:
ir_cncb@citicbank.com
WebSite:
http://bank.ecitic.com
Tel:
010-65558000
Fax:
010-65550809
China CITIC Bank Corporation Limited is a commercial bank. The Bank operates its businesses primarily through retailing banking, including band card services, saving, personal loan, wealth management, credit card, banking services, private banking, financial services of traveling abroad and electronic banking services; corporate banking, including financial organization services, international business, investment banking, supply chain financing, account settlement, financing services for small enterprises, trading services, cash management, asset management, international settlement and trade financing, among others, as well as capital market business, including foreign exchange business, bond business, trading of financing and derivative products, financial service platform and financial solutions. As of December 31, 2010, the Bank had 700 branches and sub-branches in China.
Reports
Revenue Breakdown (million RMB)
Industry | 2010 | 2010H1 | 2009 |
---|
Other businesses and unallocated | 348.00 | ** | ** |
Corporate banking | -- | ** | ** |
Personal banking | -- | ** | ** |
Funds business | -- | ** | ** |
CITIC gold business | -- | ** | ** |
Total | -- | ** | ** |
CITIC gold | -- | ** | ** |
As of the end of 2010, the consolidated total assets of China CITIC Bank were RMB2.08 trillion, up by 17.26%. This marked a new milestone after the total assets hit a record of RMB1 trillion in 2007. The Bank’s profitability rose substantially.
In 2010, the net profit attributable to shareholders of the Bank surpassed RMB20 billion threshold to RMB21.509 billion, up by 50.20%, and the net interest margin for the whole year in 2010 reached 2.63%.
The Bank’s asset quality maintained in good shape. As at the end of 2010, the balance of NPLs for the Bank and its subsidiaries
decreased by RMB1.624 billion compared with the end of the previous year. The NPL ratio was 0.67%, down by 0.28 percentage point compared with the end of the previous year. The provision coverage ratio reached 213.51%, up by 64.15 percentage points compared with the end of the previous year.