How Citic Bank traded rapid growth for bad loans

At this time last year, China Citic Bank was preparing to announce a 26 per cent year-on-year leap in profit. This week, Citic will likely show that profits grew only 3.9 per cent last year, claiming the lead for the most precipitous drop in growth among any listed Chinese ban

via South China Morning Post - Business feed http://ift.tt/1CiWiYh