Citic Bank's 26 billion a+h allotment is expected to be completed by June

After the big bank equity financing, enters 2011, the financing baton passes to the joint-stock bank.　　At Citic Bank's 2010 results briefing, CITIC Bank board secretary Rough revealed that Citic Bank has entered the 26 billion-yuan a+h allotment of the implementation period, the allotment plan is expected to be completed by the end of June this year.　　For the brewing, Citic Bank said that if the bank was selected as systemically important banks, the ratio of loans to meet the target, the annual increase of 4 billion yuan, but compared with the size of Citic Bank's profits can be sustained.　　A+h allotment is expected to be completed in June according to CITIC Bank's previous announcement: the planned a+h rights issue financing does not exceed 26 billion yuan, each 10 shares of existing shares allotment no more than 2.2 shares. Citic Bank also said that the bank is currently in the a+h of the implementation of the key period, affected by the relevant management measures, no dividend dividends in 2010.　　Rough also said that since the listing of Citic Bank's annual dividend ratio of about 25%, until last year, has accumulated dividends of 8.8 billion yuan. CITIC Bank governor Chen Xiaoxian revealed at the results conference, as at the end of 2010, CITIC Bank financing platform loan balance of 118.4 billion yuan, accounting for the proportion of loans to 10%.　　At the end of 2009, the two indices were $153 billion and 15.3% respectively.　　According to the Banking Regulatory Commission's platform loan classification method, Citic bank 118.4 billion yuan platform loans balance, the total cash flow coverage, the basic coverage of the platform loans accounted for more than 90%, half coverage and no coverage of project loans accounted for 2% and 7% respectively. Xiaofan, deputy governor of Citic Bank, said the bank's platform loan assets were in good condition overall.　　According to the classification of loan level five, the normal loan of platform loan is 99%, the concern class loan is less than 1%, and the recovery rate of 2010 platform loan is 100%.　　When it comes to the challenges of lending ratios, Chen Xiaoxian admits that the situation this year is still tough. 2011, the long-awaited "Four tools" will enter the implementation period.　　According to the draft, the domestic system of importance of the bank before the end of 2012, the ratio of loan impairment preparation and loan balance (that is, the allocation of credit ratio) should in principle meet the standard of not less than 2.5%, but not systemically important bank compliance date is postponed to the end of 2016.　　Previously, the market has been rumored that, in addition to workers, farmers, China, construction, and the five major banks will be included in the system of importance of banks, joint-stock banks, CITIC Bank, China Merchants Bank will also be included in the systemically important bank. "The lending ratio is a serious challenge for banks," he said.　　"In the view of Cao, the deputy governor of Citic Bank, five large commercial banks and medium-sized joint-stock banks are two types of organizations that should consider categories when selecting systemically important banks."　　As at the end of 2010, Citic Bank lending ratio of 1.44%, while the other joint-stock banks, Minsheng bank lending ratio of 1.88%, China Merchants Bank for 2.05%, Huaxia Bank has more than 2.5%, to 2.62%. If the bank is chosen to be systemically important, Citic Bank saidBanks, the ratio of loans to the standard, the need for an additional 4 billion yuan each year. However, Cao said Citic Bank will adopt an increase in loan pricing capacity, the development of intermediary business and other measures to deal with, at the same time, the size of 4 billion yuan compared with CITIC Bank's profit scale, can withstand. Responsible Editor: NF016