CITIC Bank net profit last year, up 60%
China CITIC Bank announced today the annual report of 2008, CITIC Bank and subsidiaries (the "CITIC Bank") last year a net profit of 13.32 billion yuan, representing an increase of 5.03 billion yuan, an increase of 60.68%; 0.34 yuan per share, 47.83% year-on-year growth.
According to the Annual Report, as at the end of 2008, CITIC bank's capital adequacy ratio come to 14.32%, centre capital adequacy rate of 12.32%. In supplement, the non-performing borrowings amounted to 9.046 billion yuan, 1.36 per hundred non-performing lend ratio fallen 0.12 percentage points. China CITIC Bank furthermore expanded the loan-loss book balance to 13.572 billion yuan, 150.03 per hundred treatment provision, up 40.02 percentage points to raise.
Faced with the complexity of the enterprise surroundings, China CITIC Bank to fortify macroeconomic and fiscal circumstances of the examine and pre-sentence, a lessening of the undesirable modifications in the monetary circumstances on the banks of the opposing consequence of quick expansion in running wages, assets to farther enhance operational efficiency. Data presented that as at the end of 2008, CITIC bank assets amounted to 1.187837 trillion yuan; midpoint total revisit on assets of 1.21 out of 100, 0.24 percentage points year-on-year to improve; the midpoint mesh revisit on assets was 14.84 out of 100, 0.54 percentage points year-on-year to improve; enterprise mesh wages arrived at 40.155 billion yuan, an advance of 12.317 billion yuan, an advance of 44.25%. In augmentation, due to take on effectual evaluates to manipulate the advance in running charges, cost-income ratio plunged to 32.98 out of 100, down 1.91 percentage points.
The year 2008, China CITIC Bank to accomplish earnings 58.867 billion yuan, up 41.87 percent; In supplement, the charge and charge earnings 3.045 billion yuan, expanding 965 million yuan, an boost of 46.39%, of which, advisors and conferring charges, bank business card charges, Settlement charges, trustee and other fiduciary enterprise charge, security charges and other pieces assessed growth.
Annual Report divulged that CITIC Bank's foreign strategic investors BBVA (BBVA) in 2008 to farther the store holdings of China CITIC Bank. In February 10 after the windup of deliverance processes, BBVA allocations held by China CITIC Bank went up 4.83 out of 100 from 10.07 percent. CITIC Bank said in its annual report, the future, the two boundaries will carry on to fortify making acquaintance and coordination, and increase the extent down cooperation.
China CITIC Bank also revealed that, as at the end of the year 2008, the total amount of foreign currency bonds held by 4.942 billion U.S. dollars. Of these, including some subprime mortgage backed securities and secondary mortgage backed securities, but it did not hold U.S. subprime mortgage backed securities. In addition, the China CITIC Bank also holds Fannie Mae and Freddie Mac guaranteed mortgage backed securities 900 million U.S. dollars, holders of Fannie Mae and Freddie Mac agency debt issued by 135 million U.S. dollars; holders of Lehman Brothers-related bonds with a face value of 0.79 million. Uphold the principle of prudence, CITIC Bank has accumulated foreign currency bond investments for impairment loss of 108 million U.S. dollars (equivalent to 738 million yuan). - 18762
According to the Annual Report, as at the end of 2008, CITIC bank's capital adequacy ratio come to 14.32%, centre capital adequacy rate of 12.32%. In supplement, the non-performing borrowings amounted to 9.046 billion yuan, 1.36 per hundred non-performing lend ratio fallen 0.12 percentage points. China CITIC Bank furthermore expanded the loan-loss book balance to 13.572 billion yuan, 150.03 per hundred treatment provision, up 40.02 percentage points to raise.
Faced with the complexity of the enterprise surroundings, China CITIC Bank to fortify macroeconomic and fiscal circumstances of the examine and pre-sentence, a lessening of the undesirable modifications in the monetary circumstances on the banks of the opposing consequence of quick expansion in running wages, assets to farther enhance operational efficiency. Data presented that as at the end of 2008, CITIC bank assets amounted to 1.187837 trillion yuan; midpoint total revisit on assets of 1.21 out of 100, 0.24 percentage points year-on-year to improve; the midpoint mesh revisit on assets was 14.84 out of 100, 0.54 percentage points year-on-year to improve; enterprise mesh wages arrived at 40.155 billion yuan, an advance of 12.317 billion yuan, an advance of 44.25%. In augmentation, due to take on effectual evaluates to manipulate the advance in running charges, cost-income ratio plunged to 32.98 out of 100, down 1.91 percentage points.
The year 2008, China CITIC Bank to accomplish earnings 58.867 billion yuan, up 41.87 percent; In supplement, the charge and charge earnings 3.045 billion yuan, expanding 965 million yuan, an boost of 46.39%, of which, advisors and conferring charges, bank business card charges, Settlement charges, trustee and other fiduciary enterprise charge, security charges and other pieces assessed growth.
Annual Report divulged that CITIC Bank's foreign strategic investors BBVA (BBVA) in 2008 to farther the store holdings of China CITIC Bank. In February 10 after the windup of deliverance processes, BBVA allocations held by China CITIC Bank went up 4.83 out of 100 from 10.07 percent. CITIC Bank said in its annual report, the future, the two boundaries will carry on to fortify making acquaintance and coordination, and increase the extent down cooperation.
China CITIC Bank also revealed that, as at the end of the year 2008, the total amount of foreign currency bonds held by 4.942 billion U.S. dollars. Of these, including some subprime mortgage backed securities and secondary mortgage backed securities, but it did not hold U.S. subprime mortgage backed securities. In addition, the China CITIC Bank also holds Fannie Mae and Freddie Mac guaranteed mortgage backed securities 900 million U.S. dollars, holders of Fannie Mae and Freddie Mac agency debt issued by 135 million U.S. dollars; holders of Lehman Brothers-related bonds with a face value of 0.79 million. Uphold the principle of prudence, CITIC Bank has accumulated foreign currency bond investments for impairment loss of 108 million U.S. dollars (equivalent to 738 million yuan). - 18762
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