CIB’s private banking business grows AUM by 11.9% in first half

30 August 2017 | 2 minutes read

The private banking business of China’s Industrial Bank Co. (CIB) grew its assets under management (AUM) by 11.9% to RMB 325.1 billion in the six months through June, the bank’s interim report shows. The Shanghai-based private bank saw its client base increase by 9% to 22,177 at the end of the period. To qualify for private banking services, clients must…

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