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China CITIC Bank sees 28.95% rise in H1 profit

Aug. 30, 2012 (China Knowledge) - China CITIC Bank Corp<601998><0998>, the listed banking unit of the nation's largest investment enterprise CITIC Group Corp, said yesterday that its net profit grew 28.95% YoY to RMB 19.37 billion in the first half of this year.

Basic earnings per share were RMB 0.41 during the period.

The bank's operating revenue increased 25.13% YoY to RMB 44.17 billion in the first six months.

Net interest income hit RMB 36.93 billion in the period, 23.90% more than in H1 of last year, and non-interest income jumped 31.82% YoY to RMB 7.24 billion.

At the end of June, the lender's total assets had reached RMB 2.92 trillion, 5.44% more than at the end of 2011.

The lender's capital adequacy ratio and core capital adequacy ratio was 13.44% and 10.05% at the end of second quarter, up 1.17 and 0.14 percentage points from the end of last year.

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