Industrial and Commercial Bank of China (Asia) Limited provides banking and financial services to corporate and individual customers. The company offers deposits, including savings, current, and time deposits; and loans, such as personal loans, overdrafts, mortgage loans, hire purchase and leasing, SME and vehicle finance, machinery and equipment finance, commercial/industrial finance, and personal and corporate tax loans. It also provides import, export, and diamond trade finance; capital financing solutions comprising debt capital markets, syndication, structured finance, loan asset trading, and securitization solutions; and factoring and receivable finance. In addition, the company offers...
3 Garden Road
Founded in 1964
Industrial and Commercial Bank of China (Asia) Limited Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2014
Apr 30 15
Industrial and Commercial Bank of China (Asia) Limited announced audited consolidated earnings results for the year ended December 31, 2014. For the period, net interest income was HKD 8,072,017,000, operating income was HKD 10,452,917,000, operating profit was HKD 7,970,365,000, profit before tax was HKD 7,992,254,000 and profit for the year and attributable to equity holders was HKD 6,370,245,000 or HKD 3.09 per basic and diluted share against net interest income of HKD 6,923,487,000, operating income of HKD 8,824,060,000, operating profit of HKD 6,291,416,000, profit before tax was HKD 6,312,939,000 and profit for the year and attributable to equity holders of HKD 5,256,656,000 or HKD 2.55 per basic and diluted share for the same period a year ago. Net cash from operating activities was HKD 17,405,236,000 compared to HKD 34,009,025,000 in the same period last year. Purchase of intangible assets was HKD 3,924,000 against HKD 43,103,000 a year ago. Purchase of property, plant and equipment was HKD 88,010 against HKD 128,803,000 a year ago. Return on average assets was 1.02% against 1.04% a year ago. Return on average common equity was 13.27% against 12.48% a year ago.
Punjab Government Signs Memorandum of Understanding with Industrial and Commercial Bank of China
Apr 20 15
A Memorandum of Understanding has been signed between Punjab Government and Industrial and Commercial Bank of China in Murree. Under the agreement, the Chinese Bank will provide technical cooperation in various sectors including garments, auto assembling, cement, iron and steel, electricity items and agriculture in Punjab. The bank will provide financial facilities to Punjab Government as well.
ICBC Asia Limited Private Banking Presents at The 9th Annual FundForum Asia 2015, Apr-13-2015
Apr 9 15
ICBC Asia Limited Private Banking Presents at The 9th Annual FundForum Asia 2015, Apr-13-2015 . Venue: JW Marriott Hong Kong, Hong Kong, China.