6 December 2019

CITIC Bank’s net profit up 13% in Jan-Sept, filing says

China CITIC Bank Corp. Ltd. (00998.HK, 601998.CN) said in a regulatory filing on Wednesday its net profit for the nine months to September rose 13.35 percent to 30.86 billion yuan (US$5.07 billion) from a year earlier, while operating income was up 15.64 percent at 76.817 billion yuan. Net interest margin stood at 2.6 percent, down 0.22 percentage point from a year ago. The bank’s balance of non-performing loans at end-September was 16.98 billion yuan, up 38.54 percent from the end of last year, while the non-performing loan ratio stood at 0.9 percent, up 0.16 percentage point, the filing said.

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