China CITIC Bank
From Wikipedia, the free encyclopedia
 |
Please help improve this article or section by expanding it. Further information might be found on the talk page or at requests for expansion. |
China CITIC Bank (Simplified Chinese: 中信银行; Traditional Chinese: 中信銀行; pinyin: Zhōng Xìn Yínháng) is China’s seventh-largest lender in terms of total assets. It is formerly known as CITIC Industrial Bank.[1] China CITIC Bank, established in February 1987, is a nationally comprehensive and internationally oriented commercial bank. By end of October 2005, its network comprises of 418 branches countrywide, and includes established correspondent relationships with 990 banks and their branches in 70 countries around the world.
China CITIC Bank is a wholly-owned subsidiary of China International Trust and Investment Corporation (CITIC), with assets of RMB 576 billion (USD 71 billion). As of 2006, China CITIC Bank had a non-performing loan (NPL) ratio of 2.5% (RMB 11.1 billion). The bank’s capital adequacy ratio is 9.1%.
[edit] See also
[edit] External links
 |
This Chinese corporation or company article is a stub. You can help Wikipedia by expanding it. |
 |
This bank-related article is a stub. You can help Wikipedia by expanding it. |
