September 28, 2016 3:28 PM ET

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Company Overview of Industrial and Commercial Bank of China (Asia) Limited

Company Overview

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...

ICBC Tower

33rd Floor

3 Garden Road

Central,  

Hong Kong

Founded in 1964

2,475 Employees

Phone:

852 3510 8888

Fax:

852 2805 1166

Key Executives for Industrial and Commercial Bank of China (Asia) Limited

Chief Executive Officer and Executive Director
Age: 48
Chairman, Managing Director, Chairman of Strategy & Corporate Governance Committee, Chairman of Executive Committee, Member of Senior Executive Risk Management Committee and Chairman of Chinese Mercantile Bank
Age: 57
Chief Financial Officer, Deputy Chief Executive, Treasurer, Chairman of Asset & Liability Management Committee, Member of Executive Committee and Member of Senior Executive Risk Management Committee
Age: 53
Chief Information Officer and Assistant Chief Executive
Age: 45
Deputy Chief Executive, Member of Executive Committee, Member of Asset & Liability Management Committee, Member of Credit Committee and Member of Senior Executive Risk Management Committee
Age: 58
Compensation as of Fiscal Year 2016.

Industrial and Commercial Bank of China (Asia) Limited Key Developments

Industrial and Commercial Bank of China (Asia) Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2016

Industrial and Commercial Bank of China (Asia) Limited announced unaudited consolidated earnings results for the six months ended June 30, 2016. For the six months, the company reported interest income of HKD 9,131,069,000 compared to HKD 8,619,347,000 a year ago. Net interest income was HKD 4,498,379,000 compared to HKD 3,835,643,000 a year ago. Net trading income was HKD 553,138,000 compared to HKD 414,306,000 a year ago. Operating income was HKD 6,162,676,000 compared to HKD 5,198,955,000 a year ago. Operating profit was HKD 4,372,908,000 compared to HKD 3,838,664,000 a year ago. Profit before tax was HKD 4,383,814,000 compared to HKD 3,847,490,000 a year ago. Profit for the period and attributable to equity holders was HKD 3,541,953,000 or HKD 1.37 per basic and diluted share compared to HKD 3,080,843,000 or HKD 1.49 per basic and diluted share a year ago.

Industrial and Commercial Bank of China (Asia) Limited Announces Unaudited Consolidated Cash Flow Results for the Six Months Ended June 30, 2015

Industrial and Commercial Bank of China (Asia) Limited announced unaudited consolidated cash flow results for the six months ended June 30, 2015. For the six months, the company reported net cash flows used in operating activities was HKD 7,193,161,000 against HKD 8,541,442,000 a year ago.

Industrial and Commercial Bank of China (Asia) Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

Industrial and Commercial Bank of China (Asia) Limited announced unaudited consolidated earnings results for the six months ended June 30, 2015. For the six months, the company reported interest income of HKD 8,619,347,000 compared to HKD 8,214,853,000 a year ago. Net interest income was HKD 3,835,643,000 compared to HKD 4,113,374,000 a year ago. Net trading income was HKD 414,306,000 compared to HKD 341,269,000 a year ago. Operating income was HKD 5,198,955,000 compared to HKD 5,202,997,000 a year ago. Operating profit was HKD 3,838,664,000 compared to HKD 3,712,101,000 a year ago. Profit before tax was HKD 3,847,490,000 compared to HKD 3,722,908,000 a year ago. Profit for the period and attributable to equity holders was HKD 3,080,843,000 or HKD 1.49 per basic and diluted share compared to HKD 2,999,793,000 or HKD 1.45 per basic and diluted share a year ago.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
February 2, 2016
Chinese Mercantile Bank
 

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