China CITIC Bank International

CITIC Bank International Limited
Company type	Privately owned
Industry	Finance
Founded	1998; 27 years ago
Headquarters	Hong Kong
Key people	Sun Deshun, Chairman ; BI Mingqiang, CEO
Operating income	HKD8.4 billion (2018)
Net income	HKD3.0 billion (2018)
Total assets	HKD362.9 billion (2018)
Parent	CITIC International Financial Holdings
Website	China CITIC Bank International

CITIC Bank International (Chinese: 中信銀行國際) (Former stock code: SEHK: 183) (formerly known as CITIC Ka Wah Bank (Chinese: 中信嘉華銀行) and Ka Wah Bank) is a Hong Kong bank majority owned by CITIC. It is a subsidiary of CITIC International Financial Holdings.

History

1922: Ka Wah Ngan Ho (Traditional Chinese: 嘉華銀號) was founded in Guangzhou by Dr. Lam Chi Fung, the founding president of Hong Kong Baptist College.
1924: Ka Wah Savings Bank Limited (Traditional Chinese: 嘉華儲蓄銀行有限公司) was founded in Hong Kong.
1926: Ka Wah Savings Bank Limited was renamed as Ka Wah Bank Public Limited Company (Traditional Chinese: 嘉華銀行公眾有限公司).
1949: It was renamed as Ka Wah Bank Limited (Traditional Chinese: 嘉華銀行有限公司).
1986: Ka Wah Bank faced financial difficulties, and CITIC Group injected HK$350 million capital into the bank.
1998: Ka Wah Bank was renamed as CITIC Ka Wah Bank Limited.
2002: CITIC Ka Wah Bank became a whole-owned subsidiary of CITIC International Financial Holdings. It acquired and merged with Hongkong Chinese Bank, Limited.
2004: Shanghai branch was established.
2005: Macau branch was established.