CITIC Bank International Limited is a Hong Kong based commercial bank. It was formerly known as CITIC Ka Wah Bank but changed its name in May 2010 in order to mark the completion of its restructuring.
The bank has a strong presence throughout China, with thirty branch offices in various cities, including: Hong Kong; Beijing; Shanghai; Shenzhen; and Macau. The bank also has international branch offices in Singapore, Los Angeles, and New York.
The bank serves both private and corporate clients and is engaged in a variety of activities. In July 2010 it launched its Private Banking Services in order to provide financial products and services to high net worth individuals and corporations. The bank also offers the following to corporations and small-medium enterprises: business account services; trade services; treasury services; business insurance; loans and mortgages; credit card services; foreign exchange and deposit services.
It is a wholly-owned subsidiary of CITIC International Financing Holdings Limited. BBVA is a strategic shareholder and has approximately 30% ownership of the bank.