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Bank of Communications Co Ltd (3328.HK)

3328.HK on Hong Kong Stock

5.47HKD
18 Jul 2018
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Latest Key Developments (Source: Significant Developments)

Bank Of Communications Obtains CBIRC Approval For Qualification Of Executive Vice President
Tuesday, 17 Jul 2018 05:15am EDT 

July 17 (Reuters) - Bank Of Communications Co Ltd <601328.SS>::OBTAINED APPROVAL FROM CBIRC FOR QUALIFICATION OF GUO MANG'S SERVING AS EXECUTIVE VICE PRESIDENT OF BANK.  Full Article

Bank of Communications to pay FY 2017 annual div on July 16
Tuesday, 10 Jul 2018 02:39am EDT 

July 10(Reuters) - Bank of Communications Co Ltd <601328.SS> ::Says it plans to pay FY 2017 dividend to shareholders of record on July 13.The company's shares will be traded ex-right and ex-dividend on July 16 and the dividend will be paid on July 16 .  Full Article

Bank Of Communications Proposes To Establish Unit In Shanghai
Thursday, 31 May 2018 05:11am EDT 

May 31 (Reuters) - 3328.HK <3328.HK>::PROPOSES TO ESTABLISH UNIT, BOCOM ASSET MANAGEMENT CO., IN SHANGHAI WITH TOTAL CAPITAL CONTRIBUTION OF NO MORE THAN RMB8 BILLION.  Full Article

Bank Of Communications Says Yu Yali Retires As Executive Vice President Of Bank
Thursday, 31 May 2018 05:04am EDT 

May 31 (Reuters) - Bank Of Communications Co Ltd <601328.SS>::YU YALI RETIRES AS EXECUTIVE DIRECTOR & EXECUTIVE VICE PRESIDENT OF BANK.  Full Article

Bank Of Communications Co Appoints Guo Mang As Executive Vice President
Thursday, 31 May 2018 05:01am EDT 

May 31 (Reuters) - Bank Of Communications Co Ltd <601328.SS>::APPOINTED GUO MANG AS EXECUTIVE VICE PRESIDENT .  Full Article

Commonwealth Bank Of Australia Says Sells Equity Interest In BoComm Life Insurance Co
Tuesday, 22 May 2018 07:00pm EDT 

May 23 (Reuters) - Commonwealth Bank Of Australia ::SELLS 37.5% EQUITY INTEREST IN BOCOMM LIFE INSURANCE CO TO MITSUI SUMITOMO INSURANCE CO FOR RMB3.2 BILLION.DEAL EXPECTED TO RESULT IN AN INDICATIVE AFTER TAX GAIN ON SALE OF $450 MILLION.EXPECTED IMPACT TO COMMON EQUITY TIER 1 RATIO FROM TRANSACTIONS IS A NET INCREASE OF 13 BASIS POINTS.PRIOR TO TRANSACTION, BOCOMM LIFE TO UNDERTAKE CAPITAL INCREASE FOR WHICH CO'S PRO RATA CONTRIBUTION WILL BE RMB1.125 BILLION.RMB1.125 BILLION AMOUNT TO BE SEPARATELY REIMBURSED IN FULL BY MITSUI SUMITOMO INSURANCE ON DEAL'S COMPLETION.COMPLETION OF TRANSACTION WILL SATISFY SALE CONDITION OF CO'S LIFE INSURANCE BUSINESSES IN AUSTRALIA & NZ TO AIA GROUP.SALE OF BOCOMM LIFE STAKE'S COMPLETION SUBJECT TO CHINA BANKING AND INSURANCE REGULATORY COMMISSION'S REGULATORY APPROVAL PROCESS & OTHER CONDITIONS.  Full Article

Bank Of Communications Updates On Proposed Issuance Of A Share Convertible Corporate Bonds
Friday, 27 Apr 2018 10:17am EDT 

April 27 (Reuters) - Bank Of Communications Co Ltd <601328.SS>::THE TOTAL AMOUNT OF THE CONVERTIBLE BONDS PROPOSED TO BE ISSUED WILL BE NOT MORE THAN RMB60 BILLION.BOARD RESOLVED TO SEEK SHAREHOLDERS' APPROVAL FOR OBTAINING CB SPECIFIC MANDATE TO ISSUE CONVERTIBLE BONDS.BOARD ALSO RESOLVED TO SEEK SHAREHOLDERS' APPROVAL FOR PROPOSED ISSUANCE OF CONVERTIBLE BONDS.  Full Article

Bank Of Communications Co Posts FY Net Profit Attributable Of RMB 70,223 Million
Thursday, 29 Mar 2018 04:33am EDT 

March 29 (Reuters) - Bank Of Communications Co Ltd <601328.SS>::FY NET PROFIT ATTRIBUTABLE RMB 70,223 MILLION VERSUS RMB67,210 MILLION.AS AT DEC 31, 2017 CAPITAL ADEQUACY RATIO 14.00 PERCENT.FY NET INTEREST INCOME RMB ‍127,366 MILLION VERSUS RMB 134,871 MILLION​.BANK OF COMMUNICATIONS -FY NET INTEREST SPREAD & NET INTEREST MARGIN DECREASED BY 31 & 30 BASIS POINTS YOY BASIS TO 1.44% AND 1.58%, RESPECTIVELY.AS AT DEC 31, 2017 IMPAIRED LOAN RATIO 1.50 PERCENT.  Full Article

Banking Regulator Gives Bank Of Communications Approval For Financial Assets Investment Firm
Thursday, 28 Dec 2017 07:25am EST 

Dec 28 (Reuters) - Bank of Communications Co Ltd <601328.SS><3328.HK>::SAYS BANKING REGULATOR GIVES APPROVAL FOR ITS FINANCIAL ASSETS INVESTMENT FIRM WITH REGISTERED CAPITAL OF 10 BILLION YUAN ($1.53 billion) TO BEGIN OPERATIONS.  Full Article

Bank Of Communications Co Says CBRC Approved Unit's Commencement Of Operation
Thursday, 28 Dec 2017 07:22am EST 

Dec 28 (Reuters) - BANK OF COMMUNICATIONS CO LTD <3328.HK>::COMMENCEMENT OF OPERATION OF BOCOM FINANCIAL ASSET INVESTMENT CO HAS BEEN APPROVED BY CBRC.  Full Article

BRIEF-Bank Of Communications Updates On Proposed Issuance Of A Share Convertible Corporate Bonds

* THE TOTAL AMOUNT OF THE CONVERTIBLE BONDS PROPOSED TO BE ISSUED WILL BE NOT MORE THAN RMB60 BILLION