China Citic Bank Corp Ltd Class A

601998: XSHG (CHN)
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Citic Bank Earnings: Better Near-Term Outlook From Cost Savings; Fair Value Intact

China Citic Bank's first-quarter revenue rose 5% year over year, with interest income and fee income increasing 2% and 7%, respectively. Net profit grew 3%, despite a 12% rise in provisioning expense.

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