Citic Bank 26 billion a+h rights issue launched

Click to view the latest quotes Shin August 11 night, Citic Bank (601998.SH, 0998.HK) released 2010.　　Citic Bank's action on capital replenishment is more "unexpected" than a 45.35% per cent year-on-year increase in net profits – a A+H share rights plan that does not exceed 26 billion yuan. Compared with the "difficult period" of last year's financial crisis, the performance of listed banks was successfully rolled over in the first half of 2010.　　As of June 30, 2010, CITIC Bank's net profit attributable to shareholders was 10.685 billion yuan, an increase of 3.334 billion yuan and a growth of 45.35% per cent. Profit growth is driven by a surge in net interest income arising from the recovery. In the first half of 2010, the overall net interest margin of Citic Bank increased 0.22% to 2.6% year-on-year, net profit margin also increased 0.29% to 2.51%; under this pull, the bank realized interest net income of 22.363 billion yuan, an increase of 6.637 billion yuan, increased by 42.20　　In addition, the first half of the year to achieve non-interest income of 3.142 billion yuan, an increase of 558 million yuan, an increase of 21.59%. In the first half, under the active adjustment of the asset-liability structure, the level of loan-to-deposit ratio fell below the regulatory line, currently 72.3%. In the first half of 2010, the bank's customer deposits increased by 2,725 from the end of last year, 6.1 billion yuan, an increase of 21.65%, and the company's loan balance of 941.676 billion yuan (including bills discounting), which grew by 8.63% last year,　　The general loan balance is 897.502 billion yuan, an increase of 16.02% from the end of last year. In addition, non-performing loans to achieve double drop.　　Non-performing loans were reduced by 452 million yuan from the end of last year, down 4.45% per cent, non-performing loans by 0.81%, down 0.14% from the end of last year, and provision coverage of 169.92%, up 20.56% from the end of last year.　　At the same time, with the first half of the 16 billion subprime and mixed capital bonds issued, CITIC Bank capital adequacy ratio rose from the end of last year level of 23 points to 10.95%, but the decline in the core capital adequacy ratio, or can become its sudden refinancing plan motivation.　　At the end of 2010, Citic Bank's core capital adequacy ratio was 8.28%, a slight decline from the end of last year's 9.17% level. According to its announced A+h rights issue plan, Citic Bank will be allocated to all shareholders in the proportion of no more than 2.2 shares per 10 shares, the total number of shares can not exceed 8,587,335,691 shares, of which: A shares can be combined with the number of shares not exceeding 5,858,939,146 shares, H shares may not exceed 2,728,396,545 shares and the total amount of funds raised will not exceed RMB 26 billion.