Arab Today, arab today china citic bank profits up 16 in q1
Last Updated : GMT 03:52:24
Arab Today, arab today
Arab Today, arab today

China CITIC Bank profits up 16% in Q1

Arab Today, arab today

Arab Today, arab today China CITIC Bank profits up 16% in Q1

Bejing - XINHUA

The China CITIC Bank on Tuesday reported a 16.14-percent year-on-year increase in net profits in the first quarter of 2014. Net profits stood at 10.71 billion yuan (1.76 billion U.S. dollars) in the first three months, according to a CITIC statement filed with the Shanghai Stock Exchange. The lender's total assets hit 3.98 trillion yuan (652.71 billion U.S. dollars), up 9.35 percent from the end of last year. Its business revenues stood at 29.8 billion yuan at the end of March, up 23.93 percent year on year. Net profits from interest was 22.14 billion yuan at the end of March, up 11.17 percent year on year. Its non-performing loans ratio was 1.15 percent and its provision coverage ratio was 191.91 percent at the end of March.

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Arab Today, arab today china citic bank profits up 16 in q1 Arab Today, arab today china citic bank profits up 16 in q1

 



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