[ET Net News Agency, 25 October 2017] China CITIC Bank (00998) said its net profit
attributable to equity holders for the third quarter of 2017 dropped 1.97% year-on-year to
Rmb10,727 million.
Basic and diluted earnings per share were Rmb0.19.
Net interest income amounted to Rmb24,779 million, a decrease of 5.02% from a year
earlier.
For the first three quarters of 2017, CITIC Bank's net profit attributable to equity
holders rose 0.56% year-on-year to Rmb34,738 million. Basic and diluted earnings per share
were Rmb0.68.
Net interest income for the first nine months of 2017 was Rmb74,273 million, down 6.6%
year-on-year. Net interest margin stood at 1.78%, a drop of 0.23 percentage point year on
year.
As at the end of the reporting period, the Group's balance of non-performing loans
recorded Rmb52.579 billion, up 8.23% over the end of the previous year; its non-performing
loan ratio recorded 1.66%, a drop of 0.03 percentage point over the end of the previous
year; its allowance coverage ratio stood at 160.98%, a rise of 5.48 percentage points over
the end of the previous year, and its ratio of allowance for impairment of loans to total
loans was 2.67%, up 0.05 percentage point over the end of the previous year.
As at the end of the reporting period, the Group's core tier-one capital adequacy ratio,
tier-one capital adequacy ratio, and capital adequacy ratio were 8.56%, 9.52% and 11.75%,
respectively, down by 0.08 percentage point, 0.13 percentage point and 0.23 percentage
point, respectively, from these of the end of last year. (HL)