CITIC Bank Q1 Income Up 30% YoY
China CITIC Bank (0998.HK, 601998.SH) recorded a net income of RMB 4.31 billion in the first quarter of 2010, an increase of 28.18% year-on-year due to expanded credit and loans, raising net interest income, the lender reported April 28.
The bank reported total loans of RMB 1.13 trillion in the period, up 6.3% from the end of 2009, while deposits increased 8.34% compared to the end of last year to RMB 1.45 trillion.
CITIC Bank reported its capital adequacy ratio at the end of the quarter came to 9.34%, down 0.8 percentage points from the end of last year, while its non-performing loan ratio fell 0.11 percentage points to 0.84%.
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