Staff Reporter
,
Hong Kong
CITIC Bank may not have put capital concerns behind it even after raising Rmb26bn funds in 3Q11, says CIMB.
The bank's Core CAR rose from 8.45% at end-10 to 9.91% while CAR increased from 11.31% to 12.27%, helped mainly by Rmb26bn rights issue proceeds in 3Q11.
Due to the increased risk weighting for certain assets, FY11RWA growth came in at 22.9%, higher than expected.
Management however estimates that new capital rules might drag down its CAR by 1.3% pts, which could renew
capital concerns, says CIMB.
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