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China Citic Bank reports 6 pct net profit o-y growth in Q1-Q3

October 26, 2018


Abstract : China Citic Bank Co., Ltd. (601998.SH) Thursday reported its revenue grew 5.27 percent from a year earlier to 121.384 billion yuan and its net profit rose 5.93 percent to 36.799 billion yuan in the first three quarters of 2018.

中信银行

BEIJING, Oct. 26 (Xinhua) -- China Citic Bank Co., Ltd. (601998.SH) Thursday reported its revenue grew 5.27 percent from a year earlier to 121.384 billion yuan and its net profit rose 5.93 percent to 36.799 billion yuan in the first three quarters of 2018.

By the end of the third quarter, the bank's non-performing loan (NPL) ratio was 1.79 percent, 0.11 percentage point higher than the end of the last year. Its provision coverage ratio stood at 160.95 percent, down 8.49 percentage points from the end of last year. (Edited by Yang Qi, kateqiyang@xinhua.org)

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Keyword: China banking China-banking

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