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Last CNY7.29 CNY
Change Today +0.06 / 0.83%
Volume 121.6M
As of 3:05 AM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

china citic bank corp ltd-a (601998) Snapshot

Open
CNY7.25
Previous Close
CNY7.23
Day High
CNY7.36
Day Low
CNY7.18
52 Week High
01/5/15 - CNY8.33
52 Week Low
07/22/14 - CNY3.99
Market Cap
299.9B
Average Volume 10 Days
171.6M
EPS TTM
CNY0.87
Shares Outstanding
31.9B
EX-Date
07/17/14
P/E TM
8.4x
Dividend
CNY0.25
Dividend Yield
3.46%
Current Stock Chart for CHINA CITIC BANK CORP LTD-A (601998)

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china citic bank corp ltd-a (601998) Details

China CITIC Bank Corporation Limited provides various financial products and services in the People’s Republic of China. The company operates in Corporate Banking, Personal Banking, and Treasury Business segments. The Corporate Banking segment offers corporate loans; is engaged in deposit taking activities; and provides trade financing, agency, remittance and settlement, and guarantee services to corporations, government agencies, and financial institutions. The Personal Banking segment offers personal loans, deposit services, and securities agency services to individual customers and small enterprises. The Treasury Business segment is involved in the treasury and interbank operations comprising inter-bank money market transactions and repurchase transactions; investment in debt instruments; and trading of debt instruments, derivatives, and foreign currencies. The company also provides asset management, finance leasing, and other non-banking financial services. As of December 31, 2013, it had 1,073 branch outlets in 116 large and medium-sized cities in the People’s Republic of China consisting of 42 tier-one branches; 69 tier-two branches; and 962 sub-branches. The company was founded in 1987 and is headquartered in Beijing, the People’s Republic of China. China CITIC Bank Corporation Limited operates as a subsidiary of CITIC Corporation Limited.

Founded in 1987

china citic bank corp ltd-a (601998) Top Compensated Officers

Executive Director, Member of Risk Management...
Total Annual Compensation: CNY1.0M
General Manager of Audit Department, Employee...
Total Annual Compensation: CNY2.2M
General Manager of The Risk Management Divisi...
Total Annual Compensation: CNY1.9M
Vice President and Executive Director
Total Annual Compensation: CNY1.9M
Chairman of Board of Supervisors and Vice Pre...
Total Annual Compensation: CNY1.8M
Compensation as of Fiscal Year 2013.

china citic bank corp ltd-a (601998) Key Developments

China CITIC Bank Corporation Ltd. Proposes Change of Registered Address; Proposes Amendments to the Articles of Association

The board of directors of China CITIC Bank Corporation Limited proposed to change the existing registered address of the Bank in the People's Republic of China to No. 9, Chaoyangmen Beidajie, Dongcheng District, Beijing, China. The Board proposed to make certain amendments to the articles of association of the Bank in relation to, among other things, (i) the proposed change of registered address of the Bank (ii) the proposed change of the number of directors on the Board and (iii) the proposed change of number of external supervisors on the board of supervisors of the Bank. The proposed amendments to the Articles of Association are subject to the approval by the shareholders of the Bank at the 2014 Annual General Meeting. Prior to the proposed amendments to the Articles of Association becoming effective, the existing Articles of Association will continue to be in force.

China CITIC Bank Corporation Ltd. Announces Unaudited Consolidated Earnings Results for the Year Ended December 31, 2014

China CITIC Bank Corporation Ltd. announced unaudited consolidated earnings results for the year ended December 31, 2014. During the reporting period, the Group realized an interest income of RMB 205.639 billion, up RMB 42.304 billion or 25.90% over the previous year. The increase in interest income was primarily due to the increase in interest-earning assets. Net interest income was RMB 94,741 million against RMB 85,688 million for the last year. Operating income was RMB 124,839 million against RMB 104,813 million for the last year. Profit before tax was RMB 54,574 million against RMB 52,549 million for the last year. Net profit attributable to shareholders of the bank was RMB 40,692 million against RMB 39,175 million for the last year. Net operating cash flow was RMB 34,150 million or RMB 0.73 per share against net operating cash outflow of RMB 136,228 million or RMB 2.91 per share a year ago. Basic and diluted per share was RMB 0.87 against RMB 0.84 per share a year ago. During the reporting period, the Group realized a net fee and commission income of RMB 25.313 billion, an increase of RMB 8.502 billion or 50.57% over the previous year, of which fee and commission income amounted to RMB 26.972 billion, up 47.24% over the previous year. This increase was primarily due to the rapid growth in items including bank card fees, consulting and advisory fees and wealth management service fees. Return on average assets was 1.07% against 1.20% a yea ago. Return on average equity was 16.77% against 18.48% a year ago.

China CITIC Bank Corporation Ltd., Board Meeting, Mar 20, 2015

China CITIC Bank Corporation Ltd., Board Meeting, Mar 20, 2015. Agenda: To consider and approve the full-year results of the Bank for the year ended 31 December 2014; and to recommend the payment of final dividend (if any).

 

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Industry Analysis

601998

Industry Average

Valuation 601998 Industry Range
Price/Earnings 8.4x
Price/Sales 3.3x
Price/Book 1.3x
Price/Cash Flow 5.7x
TEV/Sales NM Not Meaningful
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