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Industrial and Commercial Bank of China Ltd (IDCBF.PK)

IDCBF.PK on OTC Markets Group

0.65USD
29 Sep 2016
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Latest Key Developments (Source: Significant Developments)

ICBC, Singapore Exchange sign MoU to enhance market links between China and Singapore<1398.HK><601398.SS>
Sunday, 18 Sep 2016 10:08pm EDT 

Industrial and Commercial Bank of China Ltd <601398.SS>: SGX and ICBC sign MoU to enhance capital market links between Singapore and China . Singapore Exchange (SGX) and Industrial and Commercial Bank of China Limited (ICBC) signed MoU . MoU to collaborate on a range of areas that will enhance links between Singapore and China's capital markets . Under the MOU, SGX and ICBC will work together to promote Singapore's capital markets . SGX, ICBC to explore collaboration in derivatives and bond trading of RMB denominated contracts listed on SGX . Support to include providing guidance on listing process & post-listing marketing support in China & Singapore .  Full Article

ICBC Chairman says first NPL-backed securities won't exceed 5 bln yuan
Tuesday, 30 Aug 2016 07:49am EDT 

Speaking at a press conference in Beijing, Industrial & Commercial Bank Of China Chairman Yi Huiman said : ICBC's bad debts may continue to rise but will stabilise gradually . It's too early to say whether bad debt levels getting worse or better, . ICBC will issue NPL-backed securities next month . ICBC's first batch of NPL-backed securities will not exceed 5 billion yuan (Reporting by Shu Zhang and Matthew Miller; editing by David Clarke) ((matthew.miller1@thomsonreuters.com;)).  Full Article

ICBC posts H1 financial results
Tuesday, 30 Aug 2016 04:54am EDT 

Industrial and Commercial Bank of China Ltd <1398.HK><601398.SS> : Says H1 net profit 150.22 billion yuan ($22.49 billion) . Says non-performing loans ratio at 1.55 percent at end-June . Says net interest margin at 2.21 percent at end-June .Says capital adequacy ratio at 12.54 pct at end-June.  Full Article

Industrial and Commercial Bank of China HY net profit RMB 150.22 bln<1398.HK><601398.SS>
Tuesday, 30 Aug 2016 04:37am EDT 

Industrial and Commercial Bank of China Ltd <601398.SS>: HY net profit attributable to equity holders RMB 150.217 billion versus RMB 149.0 billion a year ago . NPL ratio as at June 30, 2016, 1.55 percent versus 1.50 percent as at December 31, 2015 . Core tier 1 capital adequacy ratio as at June 30, 12.54 percent versus 12.87 percent as at December 31, 2015 . HY net interest margin 2.21 percent versus 2.53 percent a year ago . "In H2 2016 global economic recovery will remain weak" .  Full Article

Industrial and Commercial Bank of China updates on listing of notes<1398.HK><601398.SS>
Friday, 12 Aug 2016 04:38am EDT 

Industrial and Commercial Bank of China Ltd <601398.SS>: ICBC usdpref1 ICBC eurpref1 ICBC cnhpref1-r-overseas regulatory announcement - issue of u.s.$500 mln fixed rate medium term notes due 2019 by Singapore branch <1398.HK> . Fixed rate medium term notes due 2019 were listed on Singapore exchange on 12 August 2016 .  Full Article

Industrial and Commercial Bank of China says Wei Guoxiong to resign as CRO<1398.HK><601398.SS>
Thursday, 21 Jul 2016 08:16am EDT 

Industrial and Commercial Bank of China Ltd <601398.SS>: Says wei Guoxiong shall cease to serve as chief risk officer of the bank . Says qualification of Wang Bairong as chief risk officer of bank has been approved by China Banking Regulatory Commission .  Full Article

Industrial And Commercial Bank Of China to pay 2015 div on July 8
Friday, 1 Jul 2016 02:00am EDT 

Industrial And Commercial Bank Of China Ltd <601398.SS>: Says it will pay cash dividend of 2.333 yuan per 10 shares (before tax) to shareholders for 2015 as a record of July 7 .Says the company's shares will be traded ex-right and ex-dividend on July 8 and the dividend will be paid on July 8.  Full Article

Industrial and Commercial Bank of China says Yi Huiman was re-elected executive director<1398.HK><601398.SS>
Friday, 24 Jun 2016 08:15am EDT 

Industrial and Commercial Bank of China Ltd <601398.SS>: Announces that at the agm, Yi Huiman was re-elected as executive director of the bank . Entered into agreement on distribution of cash dividends of H shares for Southbound trading . Announces that at the AGM, Shen Si was elected as independent non-executive director of the bank . Agreement with Shanghai Branch of China Securities Depository and Clearing Corporation Ltd . Announces Zhang Wei was elected as shareholder supervisor and shen bingxi was elected as external supervisor of the bank . 2015 profit distribution plan of the bank was considered and approved at the agm . Dong Juan has ceased to act as an external supervisor of the bank .  Full Article

ICBC updates on CBRC approval in relation to the qualification of chairman<1398.HK><601398.SS>
Friday, 17 Jun 2016 06:47am EDT 

Industrial and Commercial Bank of China Ltd <601398.SS>: ICBC usdpref1 ICBC eurpref1 ICBC cnhpref1-r-announcement on the cbrc approval in relation to the qualification of chairman of the board <1398.HK> . Says approved the appointment of Yi Huiman as the chairman .  Full Article

ICBC's chairman resigns as he reached retirement age, unit plans financial holding company
Tuesday, 31 May 2016 07:00am EDT 

Industrial And Commercial Bank Of China <601398.SS><1398.HK> : Says unit ICBC (Asia) plans to invest 1 billion euros ($1.12 billion) to set up financial holding company . Says chairman Jiang Jianqing resigns as he has reached retirement age .Says Yi Huiman is elected as chairman, pending banking regulator's approval.  Full Article

ICBC issues 1.1 bln yuan non-performing asset-backed securities

SHANGHAI, Sept 29 The Industrial and Commercial Bank of China (ICBC) , China's largest bank, has successfully issued 1.077 billion yuan ($161.46 million) of non-performing asset-backed securities, the bank said in a media release.