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

IDCBF.PK on OTC Markets Group

0.69USD
26 Dec 2014
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Thu, Dec 4 2014

ICBC sharpens Tier 1 model

SINGAPORE, Dec 5 (IFR) - Industrial and Commercial Bank of China's US$5.7bn offering of Basel III-compliant Additional Tier 1 capital this week improved on the distribution of the PRC's first offshore issue, showing that more investors are warming to the loss-absorbing format from Asia's biggest financial institutions.

ICBC to start roadshows for US$5.7bn offshore AT1

SINGAPORE, Nov 25 (IFR) - Industrial and Commercial Bank of China will start a roadshow tomorrow for its planned offering of offshore Additional Tier 1 preference shares of up to Rmb35bn (US$5.7bn) under 144A/Reg S.

China's ICBC to be yuan clearing bank in Qatar

BEIJING, Nov 4 - The Industrial and Commercial Bank of China has been appointed to clear all yuan trades in Qatar, the Chinese central bank said on Tuesday.

China to assign ICBC Doha branch as yuan clearing bank for Qatar-sources

BEIJING/HONG KONG, Nov 4 - China's central bank has decided to assign Industrial and Commercial Bank of China's Doha branch as the yuan clearing bank for Qatar, two sources familiar with the matter told Reuters on Tuesday.

UPDATE 2-China banks' bad loans surge, credit crunch could spread west

* China banks set for weakest performance among Asia peers (Rewrites, adds ICBC results, fears over rising bad loans in west)

Chinese bank ICBC's Q3 profit rises 7.7 pct, within expectations

HONG KONG/SHANGHAI, Oct 29 - Industrial and Commercial Bank of China , the country's largest bank by market capitalisation, reported a 7.7 percent increase in its third-quarter net profit, roughly in line with analysts' forecasts.

Standard Life, ICBC to broaden cooperation in China, UK, Hong Kong

LONDON - British insurer Standard Life and Industrial and Commercial Bank of China (ICBC) said on Wednesday they had agreed to look at developing savings and investment services together.

Standard Life, ICBC to broaden cooperation in China, UK, Hong Kong

LONDON, Oct 22 - British insurer Standard Life and Industrial and Commercial Bank of China (ICBC) said on Wednesday they had agreed to look at developing savings and investment services together.

China appoints ICBC as yuan clearing bank in Luxembourg

BEIJING, Sept 16 - China's central bank said on Tuesday it had appointed Industrial and Commercial Bank of China , the country's largest bank, as the yuan clearing service bank in Luxembourg - the latest move to expand the offshore yuan market.

UPDATE 1-Bank of England says has granted branch licence to China's ICBC

LONDON, Sept 11 - The Bank of England has granted a wholesale banking licence to Industrial and Commercial Bank of China , China's largest bank, a spokeswoman for the British central bank said on Thursday.

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