Tuesday, January 28, 2014

China Citic Bank writing off $852 mln in bad loans

BEIJING--China Citic Bank Corp. (0998.HK) will write off 5.2 billion yuan ($852 million) in nonperforming loans after securing shareholder approval. Shareholders approved a previously announced plan to increase the amount of nonperforming loans to be written off from 2... Full Story

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