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China CITIC Bank International Logs H1 Property Rise
Tom Burroughes
28 August 2013
China CITIC Bank International yesterday reported that its profit,
attributable to ordinary shareholders, rose to HK$1.053 billion (around $136 million) in the first
half of 2013, a 16.4 per cent year-on-year gain. Total deposits rose 1.6 per cent over the reporting period to HK147.3
billion. The net interest margin rose by 45 basis points year-on-year to 1.74
per cent, the firm said in a statement.
Net interest income rose by 32.9 per cent to HK1.46 billion; operating
income rose 19.9 per cent to HK2.243 billion, the bank said. Within the personal and business banking group, operating
income rose 12 per cent to HK766 billion; net interest income rose 20 per cent
to HK528 million.