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China CITIC Bank opens London branch(2)

China CITIC Bank International, which is wholly owned by China CITIC Bank, has expanded its footprint to include 30 branches in Hong Kong, as well as overseas branches in New York, Los Angeles, Macau, and Singapore.

In November 2016, the China CITIC Bank officially opened its Sydney representative office. In April 2018, the bank became a shareholder in Kazakhstan's Altyn Bank. At the end of that year, Altyn Bank's customer loans exceeded 150 billion KZT (£315 million), posting a 30 percent increase and becoming the highest-rated international bank among all commercial banks in Kazakhstan.

In 2018, British magazine The Banker placed China CITIC Bank in 24th place inits "Top 500 Global Banking Brands" list, and 27th in its "Top 1,000 World Banks by Tier 1" list.

(Yan Dongjie and Han Baoyi in London)

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