On August 29th, Jin10 Data reported that Liu Cheng, the President of CITIC Bank, stated at the 2024 semi-annual performance conference that the net profit of CITIC Bank in the first half of this year decreased compared to the same period last year. This is mainly because the bank has focused on enhancing risk control capabilities. CITIC Bank has provided room for better risk response in the future, so it did not further lower the provision coverage ratio to supplement bank net profit.
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CITIC Bank's Liu Cheng responds to the year-on-year decline in net profit: providing space for future risk response
On August 29th, Jin10 Data reported that Liu Cheng, the President of CITIC Bank, stated at the 2024 semi-annual performance conference that the net profit of CITIC Bank in the first half of this year decreased compared to the same period last year. This is mainly because the bank has focused on enhancing risk control capabilities. CITIC Bank has provided room for better risk response in the future, so it did not further lower the provision coverage ratio to supplement bank net profit.