www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Make me your Homepage
left corner left corner
China Daily Website

Citic Bank executives content with interim results

Updated: 2013-08-28 20:31
By WANG XIAOTIAN ( chinadaily.com.cn)

Executives at China Citic Bank Corp, the country's seventh-largest lender by assets, said they're content with the bank's single-digit profit growth and will step up efforts to cut funds invested in debt that is not publicly traded.

Zhu Xiaohuang, president of the bank, said at a news briefing on Wednesday that he's satisfied with the interim results, especially the year-on-year increase in net profits, although it's only 5.3 percent.

"The results suggested we have realized our strategic goals in this phase and every aspect of the business is moving in our expected direction."

The 5.3 percent increase in net profit is an improvement from 2012's 0.7 percent growth, but might be spurred by weaker provisions the bank allocated for bad loans, analysts have said.

Its provision coverage ratio declined to 223.9 percent at the end of June from 288.3 percent six months earlier.

The bank, in which Spain's Banco Bilbao Vizcaya Argentaria SA has a 15 percent stake, is the domestic banking arm of the Citic Group, which operates under the direction of the State Council.

"What I worry about most is the deteriorating asset quality," Zhu said. China Citic Bank experienced a surge of 4.1 billion yuan ($0.67 billion) in bad loans in the first half. The ratio of non-performing loans to total lending also went up by 0.16 percentage points to 0.9 percent.

Businesses' rising defaults and the authorities' efforts to gradually liberalize interest rates have widened the performance gap among Chinese commercial lenders.

The regulator's tightened control over shadow banking activities, especially non-transparent investments using funds gained by selling wealth management products, are also expected to hit joint-stock lenders.

Funds invested in debt that is not publicly traded stood at 202.1 billion yuan at the end of June, of which 83.7 billion yuan exceeded the regulation line set by China Banking Regulatory Commission, said Zhang Qiang, the bank's vice-president.

In the first half, the bank sold wealth management products valued at 692.6 billion, he said.?

"In the second half we would continue to squeeze those assets that exceeded regulation ceilings, and hopefully we can meet CBRC's standards by the year end."

8.03K
 
...
...
...
主站蜘蛛池模板: 在线观看日韩www视频免费 | 国产精品夜色视频一区二区 | 国产a级三级三级三级中国 国产a级特黄的片子视频 | 国产成人精品一区二区免费视频 | 亚洲美女视频在线 | 悟空影视大全免费高清 | 一区二区在线欧美日韩中文 | 中文字幕一区二区三区免费视频 | 美女网站色免费 | 99国产小视频 | 国产精品久久久久三级 | jizz国产精品免费麻豆 | 亚洲精品视频免费在线观看 | 成人免费真人毛片视频 | 亚洲欧美另类日本久久影院 | 精品乱人伦一区二区 | 久久国产一区二区三区 | 欧美a欧美| 日韩国产欧美视频 | 99热久久国产这里是精品 | 欧美成人免费在线视频 | 国产视频久 | 精品在线一区二区三区 | 欧美在线视频不卡 | 欧美视频一区在线 | 亚洲国产成a人v在线 | 欧美日韩加勒比一区二区三区 | 一级片一区| 啪视 | 久久久久亚洲国产 | 国产成人一级 | 亚洲专区欧美专区 | 国产三级精品最新在线 | 国产在线一区二区三区 | 欧美一级成人影院免费的 | 色老头老太做爰视频在线观看 | 色综合久久88色综合天天小说 | 久久国产欧美日韩精品 | 国产成人香蕉久久久久 | 在线观看免费为成年视频 | 亚洲操综合 |