China CITIC Bank International explained

China CITIC Bank International Limited
Type:Privately owned
Location:Hong Kong
Key People:BI Mingqiang, CEO
Industry:Banking
Operating Income: HKD10.00 billion (2023)
Net Income: HKD7.60 billion (2023)
Assets: HKD470.39 billion (2023)
Parent:CITIC International Financial Holdings
Homepage:http://www.cncbinternational.com

China CITIC Bank International (; CNCBI in short) is a Hong Kong full-service commercial bank.

China CITIC Bank Corporation Limited, via its wholly-owned subsidiary CITIC International Financial Holdings Limited, is CNCBI's controlling shareholder with a 75% stake. The CITIC Group Corporation of Beijing is CNCBI's ultimate parent company.

, CNCBI had 24 branches and two business banking centres in Hong Kong, as well as presence in various international locations. CNCBI's total assets stood at HK$470.39 billion.[1]

History

In 1926 Ka Wah Savings Bank Limited (Traditional Chinese: 嘉華儲蓄銀行有限公司) was founded in Hong Kong. Ka Wah Ngan Ho in Guangzhou then became Ka Wah Savings Bank's Guangzhou Branch. That same year the bank was renamed as Ka Wah Bank Public Limited Company (Traditional Chinese: 嘉華銀行公眾有限公司).

In 1986 the bank suffered financial difficulties, and CITIC Group injected HK$350 million capital into the bank. In 1998 the bank was renamed as CITIC Ka Wah Bank Limited.

In 2002 CITIC Ka Wah Bank was privatized by CITIC International Financial Holdings and it became a whole-owned subsidiary of CITIC International Financial Holdings.[2] [3] [4]

In May 2010, the bank was renamed again as China CITIC Bank International.

In 2018, CNCBI launched its mobile banking platform inMotion.

Notes and References

  1. Web site: China CITIC Bank International - Annual report 2023 . 2023 . China CITIC Bank International.
  2. Web site: History of CITIC Ka Wah Bank Limited . 2009-03-17 . https://web.archive.org/web/20080928035301/http://www.citickawahbank.com/eng/profile/history/historyframe.htm . 2008-09-28 . dead .
  3. http://paper.wenweipo.com/2008/03/04/ED0803040013.htm Calendar poster from Ka Wah Savings Bank
  4. http://www.citickawahbank.com/eng/ir/present/citigroup_hk.pdf A Brief Overview of CITIC Ka Wah Bank