CITIC Increases Provisioning To $300 Million
CITIC's credit impairment provisions reached nearly $300 million, representing a 33 percent year-on-year increase and a 100 percent increase from the previous quarter. The group allocated an additional $190 million to hedge against potential impacts from Middle East conflicts.
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Sources · 7 independent
RTHK Radio 1 Hong Kong
“原來信泰檢直支出接近3億美元 按年升3成3 按季升一倍 Due to preventing the impact of Middle East conflicts, an additional 190 million USD was allocated.”
RTHK Radio 1 Hong Kong
“interest income of nearly 300 million USD, up 33 percent year-on-year and up 100 percent quarter-on-quarter. Due to the impact of the Middle East conflict, an additional 190 million USD has been set aside as provisions.”
RTHK Radio 1 Cantonese
“Sintesa Bank's provisions reached nearly 300 million USD, up 33 percent year-on-year and doubled from the previous quarter, due to Middle East conflict precautions.”
RTHK Radio 1 Hong Kong
“原來信泰檢直支出接近3億美元 按年升3成3 按季升一倍 由於防範中東衝突影響 而計題額外撥避1億9千萬美元”
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