China citic bank will adopt new risk management system
Citic bank President zhu huang, 29, 2012 in the bank results briefing, said the bank last year, according to the macroeconomic situation and its own strategic adjustment, improves the provisions, to a large extent affect its net profit growth in 2012. Last year, he said, of bad loans is mainly concentrated in the Yangtze river delta and other places of small and medium-sized enterprises.
According to the annual report data, by the end of 2012, the bank set aside coverage reaches 288.2%, year-on-year increase of 15.9%. During the reporting period, the pre-provision profits of 54.713 billion yuan, an increase of 12.12% over the previous year. Implement belong to bank shareholders net income of 31.032 billion yuan last year, year-on-year growth of 0.69% only.
Risk management for assets, zhu huang said, the bank will take the new risk management system, and the embedded in banking risk management measures. He said, China citic bank has control of restricted industries. In wuxi suntech bankruptcy, and are not implicated in citic bank.
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