China Citic Bank Corporation Limited’s Net Profit Rose 10.8% in First Quarter of 2022

China Citic Bank Corporation Limited (中信银行股份有限公司) (601998.SH) reported a net profit of 17.5 billion yuan in the first quarter of 2022, up 10.8% year-on-year.

Meanwhile, the company posted 54 billion yuan in revenue, up 4.1% year-on-year.

At the end of the reporting period, it had 8.2 trillion yuan in total assets and 7.6 trillion yuan in total liabilities, with a liability-to-asset ratio of 92%.