China Citic Bank

China CITIC Bank is China’s seventh-largest lender in terms of total assets. It was known as CITIC Industrial Bank until it changed its name in August 2005. China CITIC Bank, established in 1987, is a nationally comprehensive and internationally oriented commercial bank. 

China CITIC Bank Corp. Ltd. is a commercial bank, which engages in the provision of corporate and personal banking services. The company also conducts treasury business and is engaged in the provision of asset management, finance leasing and other non-banking financial services. It operates its business through four segments: Corporate Banking, Personal Banking, Treasury Business and Others. The Corporate Banking segment engages in the provision of a range of financial products and services to corporations, government agencies and financial institutions. Its products and services include corporate loans, trade financing, deposit taking activities, agency services, remittance and settlement services and guarantee services. The Personal Banking segment engages in the provision of a range of financial products and services to individual customers. Its products and services comprise personal loans, deposit services and securities agency services. The Treasury Business segment includes the company’s treasury and interbank operations. The Others segment engages in head office assets, liabilities, income and expenses that are not directly attributable to a segment. China CITIC Bank was founded on April 19, 1987 and is headquartered in Beijing, China.