CITIC Bank International

CITIC Bank International (Chinese: 中信銀行國際) (Former stock code: SEHK: 183) (formerly known as CITIC Ka Wah Bank (Chinese: 中信嘉華銀行) and Ka Wah Bank) is a Hong Kong bank majority owned by CITIC. It is a subsidiary of CITIC International Financial Holdings.

CITIC Bank International Limited
Privately owned
IndustryFinance
Founded1998 (1998)
HeadquartersHong Kong
Key people
Sun Deshun, Chairman
BI Mingqiang, CEO
HKD8.4 billion (2018)[1]
HKD3.0 billion (2018)[1]
Total assets HKD362.9 billion (2018)[1]
ParentCITIC International Financial Holdings
WebsiteChina CITIC Bank International
Former CITIC Ka Wah Bank logo
To Kwa Wan Branch of CITIC Ka Wah Bank
Tsuen Wan Branch of CITIC Ka Wah Bank

History
  • 1922: Ka Wah Ngan Ho (Traditional Chinese: 嘉華銀號) was founded in Guangzhou by Dr. Lam Chi Fung, the founding president of Hong Kong Baptist College.
  • 1924: Ka Wah Savings Bank Limited (Traditional Chinese: 嘉華儲蓄銀行有限公司) was founded in Hong Kong.
  • 1926: Ka Wah Savings Bank Limited was renamed as Ka Wah Bank Public Limited Company (Traditional Chinese: 嘉華銀行公眾有限公司).
  • 1949: It was renamed as Ka Wah Bank Limited (Traditional Chinese: 嘉華銀行有限公司).
  • 1986: Ka Wah Bank faced financial difficulties, and CITIC Group injected HK$350 million capital into the bank.
  • 1998: Ka Wah Bank was renamed as CITIC Ka Wah Bank Limited.
  • 2002: CITIC Ka Wah Bank became a whole-owned subsidiary of CITIC International Financial Holdings. It acquired and merged with Hongkong Chinese Bank, Limited.
  • 2004: Shanghai branch was established.
  • 2005: Macau branch was established.

[2] [3] [4]

  • 2010: CITIC Ka Wah Bank was renamed as CITIC Bank International Limited.

See others
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References
  1. CITIC International 2018 Annual Report
  2. History of CITIC Bank International Limited
  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
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