CITIC Bank bullish
By Lydia Chen |
January 21, 2011, Friday
|
Print Edition
Print Edition
CHINA CITIC Bank Corp yesterday said it expects its net profit for 2010 to rise more than 50 percent from a year ago to nearly 21.5 billion yuan (US$3.27 billion) as lending improved.
The seventh-largest Chinese bank by assets, in which Spain's Banco Bilbao Vizcaya Argentaria SA has a 15 percent stake, said the profit increase was a result of falling non-performing loan ratio as well as effective ways to cut back on costs, according to a statement submitted to the Shanghai Stock Exchange.
The seventh-largest Chinese bank by assets, in which Spain's Banco Bilbao Vizcaya Argentaria SA has a 15 percent stake, said the profit increase was a result of falling non-performing loan ratio as well as effective ways to cut back on costs, according to a statement submitted to the Shanghai Stock Exchange.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
