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China CITIC Bank reports 60% net profit increase in 2008

(chinadaily.com.cn)
Updated: 2009-04-29 11:16

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Net profit of China CITIC Bank grew 60.7 percent year-on-year to 13.3 billion yuan ($1.95 billion) in 2008, announed the bank in its 2008 annual report released on Tuesday night.

The Beijing-based bank said its assets quality continued to improve last year, with non-performing loans ratio dropping by 0.12 percentage points...

The full text is available in the April Issue of China Banking. Please visit E-Shop for more subscription details.