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China CITIC Bank International

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China CITIC Bank International Limited
Company typePrivately owned
IndustryBanking
Founded1922; 102 years ago (1922)
HeadquartersHong Kong
Key peopleBI Mingqiang, CEO
Operating incomeIncrease HKD10.00 billion (2023)
Net incomeIncrease HKD7.60 billion (2023)
Total assetsIncrease HKD470.39 billion (2023)
ParentCITIC International Financial Holdings
Websitehttp://www.cncbinternational.com
Former CITIC Ka Wah Bank logo
To Kwa Wan Branch of CITIC Ka Wah Bank
Tsuen Wan Branch of CITIC Ka Wah Bank

China CITIC Bank International (Chinese: 中信銀行 (國際); CNCBI in short) is a Hong Kong full-service commercial bank.

China CITIC Bank Corporation Limited, via its wholly-owned subsidiary CITIC International Financial Holdings Limited, is CNCBI's controlling shareholder with a 75% stake. The CITIC Group Corporation of Beijing is CNCBI's ultimate parent company.

As of December 2023, CNCBI had 24 branches and two business banking centres in Hong Kong, as well as presence in various international locations. CNCBI's total assets stood at HK$470.39 billion.

History

Further information: Ka Wah Bank

In 1926 Ka Wah Savings Bank Limited (Traditional Chinese: 嘉華儲蓄銀行有限公司) was founded in Hong Kong. Ka Wah Ngan Ho in Guangzhou then became Ka Wah Savings Bank's Guangzhou Branch. That same year the bank was renamed as Ka Wah Bank Public Limited Company (Traditional Chinese: 嘉華銀行公眾有限公司).

In 1986 the bank suffered financial difficulties, and CITIC Group injected HK$350 million capital into the bank. In 1998 the bank was renamed as CITIC Ka Wah Bank Limited.

In 2002 CITIC Ka Wah Bank was privatized by CITIC International Financial Holdings and it became a whole-owned subsidiary of CITIC International Financial Holdings.

In May 2010, the bank was renamed again as China CITIC Bank International.

In 2018, CNCBI launched its mobile banking platform inMotion.

References

  1. "China CITIC Bank International - Annual report 2023" (PDF). China CITIC Bank International. 2023.
  2. "History of CITIC Ka Wah Bank Limited". Archived from the original on 2008-09-28. Retrieved 2009-03-17.
  3. Calendar poster from Ka Wah Savings Bank
  4. A Brief Overview of CITIC Ka Wah Bank Archived 2011-07-08 at the Wayback Machine
Hong Kong Banks of Hong Kong
Hong Kong Monetary Authority
Traditional Banks
Virtual Banks
CITIC Group
Subsidiaries
CITIC Limited
Other
  • Former subsidiaries
  • (now equity investments)
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