News Column

CITIC Bank H1 Net Up 8.06%

August 29, 2014

BEIJING, August 29, SinoCast -- CITIC Bank on August 28 announced net profit attributable to shareholders reached CNY 22.034 billion, growing 8.06% year on year.

Before-provision profits reached CNY 41.12 billion, growing 27.97%. Basic earnings per share were CNY 0.47, growing 6.82%.

Operating income was CNY 62.106 billion, growing 24.52%. Net interest income reached CNY 45.614 billion, growing 12.70% and accounting for 73.4% of operating income, down 7.7 percentage points.

Non-interest income reached CNY 16.492 billion, growing 75.37% and accounting for 26.6% of operating income, up 7.7 percentage points. Handling charge and commission income reached CNY12.807 billion, growing CNY 4.83 billion or 60.55%.

Net interest margin was 2.36%, down 0.22 percentage points; net interest spread was 2.14%, down 0.25 percentage points.

As of the end of June, total assets amounted to CNY 4.311187 trillion, growing 18.40% over the end of the previous year; loans and advances reached CNY 2.119144 trillion, growing 9.17%; total customer deposits reached CNY 3.053213 trillion, growing 15.14%.

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Source: Sinocast Banking & Credit Beat (China)

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