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China CITIC Bank H1 profits rise 2.51 pct

Xinhua, August 18, 2015 Adjust font size:

China CITIC Bank, a mid-sized lender, said on Tuesday its net profits rose 2.51 percent year on year to 22.6 billion yuan (3.7 billion U.S. dollars) in the first half year.

Its non-performing loan ratio was 1.32 percent at the end of June, up 0.02 percentage points from that at the end of last year. Its non-performing loans stood at 30.48 billion yuan at the end of June, up 2.02 billion yuan from that at the end of last year, according to the bank's interim report filed with the Shanghai Stock Exchange.

The lender said the risks are under control and attributed the rise in non-performing loan ratio and loans to the overall economic situation and the degeneration of business performance.

At the end of June, the lender's capital adequacy ratio, which measures a bank's ability to deal with risk assets, stood at 11.9 percent, down 0.45 percentage points from the end of last year. Endi