Banking News
- CITIC bank first-half profit jumps 82%
Date: 24-Aug-2007 Sources: (Shenzhen Daily)
CHINA CITIC Bank Corp., the country's seventh-largest lender, matched forecasts with an 82 percent jump in first-half earnings, driven by a surge in lending and fee-based income.
CITIC bank, in which Spain's Banco Bilbao Vizcaya Argentaria owns 4.83 percent, reported a net profit of 3.22 billion yuan (US$413 million) in the first half, compared with 1.77 billion yuan in the same period last year.
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