According to the Annual Report, as at the end of 2008, CITIC bank’s capital adequacy ratio arrived at 14.32%, quintessence capital adequacy rate of 12.32%. In augmentation, the non-performing advances amounted to 9.046 billion yuan, 1.36 out of 100 non-performing advance ratio declined 0.12 percentage points. China CITIC Bank in addition advanced the loan-loss retain balance to 13.572 billion yuan, 150.03 out of 100 reporting provision, up 40.02 percentage points to raise.
Faced with the complexity of the business environment, China CITIC Bank to strengthen macroeconomic and financial situation of the research and pre-sentence, a reduction of the adverse changes in the economic situation on the banks of the negative impact of rapid growth in operating income, assets to further improve operational efficiency. Data showed that as at the end of 2008, CITIC bank assets amounted to 1.187837 trillion yuan; average total return on assets of 1.21 percent, 0.24 percentage points year-on-year to improve; the average net return on assets was 14.84 percent, 0.54 percentage points year-on-year to improve; business net income reached 40.155 billion yuan, an increase of 12.317 billion yuan, an increase of 44.25%. In addition, due to adopt effective measures to control the increase in operating costs, cost-income ratio fell to 32.98 percent, down 1.91 percentage points.
The year 2008, China CITIC Bank to accomplish earnings 58.867 billion yuan, up 41.87 percent; In supplement, the charge and charge earnings 3.045 billion yuan, expanding 965 million yuan, an boost of 46.39%, of which, advisors and conferring charges, bank business card charges, Settlement charges, trustee and other fiduciary enterprise charge, security charges and other pieces assessed growth.
Annual Report divulged that CITIC Bank’s foreign strategic investors BBVA (BBVA) in 2008 to farther the store holdings of China CITIC Bank. In February 10 after the windup of deliverance processes, BBVA allocations held by China CITIC Bank went up 4.83 out of 100 from 10.07 percent. CITIC Bank said in its annual report, the future, the two boundaries will carry on to fortify making acquaintance and coordination, and increase the extent down cooperation.
China CITIC Bank also revealed that, as at the end of the year 2008, the total amount of foreign currency bonds held by 4.942 billion U.S. dollars. Of these, including some subprime mortgage backed securities and secondary mortgage backed securities, but it did not hold U.S. subprime mortgage backed securities. In addition, the China CITIC Bank also holds Fannie Mae and Freddie Mac guaranteed mortgage backed securities 900 million U.S. dollars, holders of Fannie Mae and Freddie Mac agency debt issued by 135 million U.S. dollars; holders of Lehman Brothers-related bonds with a face value of 0.79 million. Uphold the principle of prudence, CITIC Bank has accumulated foreign currency bond investments for impairment loss of 108 million U.S. dollars (equivalent to 738 million yuan). - 23687
