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

Type	Privately owned
Industry	Finance
Founded	1998 (1998)
Headquarters	Hong Kong
Key people	Sun Deshun, Chairman BI Mingqiang, CEO
Operating income	HKD8.4 billion (2018)[1]
Net income	HKD3.0 billion (2018)[1]
Total assets	HKD362.9 billion (2018)[1]
Parent	CITIC International Financial Holdings
Website	China 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

• Ka Wah Bank

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

External links

• China CITIC Bank International