Credit Bank: Mortgage loans accounted for 9.6%, lower than peers

Hu Gang, vice president of China CITIC Bank (00998), revealed that the bank’s real estate corporate loans accounted for only 9.62%, which is lower than the level of the same industry. Hu Gang pointed out that CITIC Bank has taken appropriate risk management measures and dealt with real estate risks early. The peak of risk exposure has now passed.

CITIC Bank’s real estate loan ratio is low

Hu Gang said that CITIC Bank's proportion of real estate loans is relatively low, which helps reduce risk exposure and protect the bank's sound operations. Despite the unpredictable market environment, CITIC Bank has been able to cope with the challenges and maintain good operating conditions.

Timely and effective risk management

Hu Gang emphasized that CITIC Bank handles risks in a timely and effective manner and can take measures to reduce losses before risks are exposed. This risk management approach has won the trust and recognition of the market for CITIC Bank.

Stable operations ensure risk control

CITIC Bank has always adhered to the concept of sound operations and focused on risk control and management. Hu Gang pointed out that through strict risk assessment and monitoring, CITIC Bank can effectively respond to various risks and ensure the stable operation of its business.

Looking to the future and maintaining a steady momentum

Hu Gang said that CITIC Bank will continue to maintain a stable operating situation, pay close attention to market changes, adjust strategies in a timely manner, and ensure that risks are controlled within a reasonable range. CITIC Bank will continue to work hard to provide customers with better financial services.