Statistics

China CITIC Bank's profit up 48.19% in 1st three quarters

(Xinhua)
Updated: 2010-10-30 11:22

BEIJING - China CITIC Bank said Friday its profit rose 48.19 percent to 17.42 billion yuan ($2.6 billion) in the first three quarters from one year earlier.

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The jump in net profit was due to increased loans, higher profit from non-interest businesses and cost reductions, the bank said in its business report filed with the Shanghai Stock Exchange.

Total assets of the mid-sized lender had expanded 9.72 percent to 1.95 trillion yuan by the end of September.

Also, the bank's non-performing loan ratio was 0.81 percent, down 0.14 percentage points from the end of 2009.

Shares of the bank dropped 2.06 percent to 5.71 yuan Friday in Shanghai.