(Yicai Global) March 4 -- New York-headquartered lender Citibank has bolstered its profit-taking in China on the back of prudent adherence to its budget goals. 

Citibank China earned an operating income of CNY6.5 billion (USD967.2 million) last year, up almost 23 percent annually, its interbank deposit issuance plan shows. Gains rose over 63 percent to CNY2.6 billion.

The Shanghai-based lender plans to issue CNY6 billion worth of interbank deposits this year, entailing public and targeted issuance. The issuer's rating is AAA.

The company executed its budget better than expected, the document reveals. It will stick to the prudent and steady management policy that has been applied for many years while adjusting its asset and liability structure to ensure liquidity and compliance with regulation.

The lender's scale of assets rose annually over 9 percent to CNY174.3 billion (USD26 billion) last year. Its capital adequacy ratio was 19.8 percent as of December, up almost 3 percentage points annually. The non-performing loan ratio was 0.5 percent, down 0.2 percentage points from 2017. The provision coverage ratio was over 556 percent, rising nearly 164 percentage points, while indicating a good risk tolerance. 

Editor: Emmi Laine