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China Citic Bank reports 60% net profit increase in 2008
(Xinhua)
Updated: 2009-04-29 11:16 Net profit of China Citic Bank grew 60.7 percent year-on-year to 13.3 billion yuan ($1.95 billion) in 2008, announed the bank in its 2008 annual report released on Tuesday night. Business income of the bank grew 44.3 percent from a year earlier to 40.16 billion yuan in 2008, according to the report.
Returns of net assets increased 0.54 percentages points to 14.84 percent. The bank's A-shares gained 1.91 percent to 4.79 yuan on Tuesday prior to the report release. (For more biz stories, please visit Industries)
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