China Citic Bank to Raise $6 Billion After Rapid Asset ExpansionBloomberg News
Citic Bank’s core Tier-1 ratio fell to 8.89 percent as of June
Lender’s balance-sheet expansion ‘unsustainable’: analyst
China Citic Bank Corp. plans to raise as much as 40 billion yuan ($6 billion) by selling bonds convertible into yuan-denominated shares after an expansion in assets that one analyst describes as “unsustainable.”
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.