August 20, 2017 1:56 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 financial services to corporate and individual customers. The company offers deposits and loans, trade finance, remittance, settlement, commercial and industrial finance, syndicated loans, inward and outward bills of exchange, business advisory and financial services, asset management, securities, and trustee and bullion brokerage services, as well as insurance agency services. Its deposits include savings, current, and time deposits; and loans comprise personal loans, overdrafts, mortgage loans, hire purchase and leasing, SME and vehicle finance, machinery and equipment finance, commercial lending, trade finance, and personal a...

ICBC Tower

33rd Floor

3 Garden Road

Central,  

Hong Kong

Founded in 1964

2,507 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: 49
Chairman
Age: 51
Chief Financial Officer, Deputy Chief Executive, Alterante Chief Executive and Treasurer
Age: 54
Chief Information Officer and Assistant Chief Executive
Age: 46
Deputy Chief Executive
Age: 59
Compensation as of Fiscal Year 2017.

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 Year Ended December 31, 2016

Industrial and Commercial Bank of China (Asia) Limited announced unaudited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported interest income of HKD 18,241,846,000 compared to HKD 17,739,246,000 a year ago. Net interest income was HKD 9,142,855,000 compared to HKD 8,517,242,000 a year ago. Net trading income was HKD 1,067,453,000 compared to HKD 1,070,538,000 a year ago. Operating income was HKD 12,409,645,000 compared to HKD 11,476,235,000 a year ago. Operating profit was HKD 9,047,670,000 compared to HKD 8,372,785,000 a year ago. Profit before tax was HKD 9,068,734,000 compared to HKD 8,392,047,000 a year ago. Profit for the period and attributable to equity holders was HKD 7,395,366,000 or HKD 2.87 per basic and diluted share compared to HKD 6,783,664,000 or HKD 3.10 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, 2016

Industrial and Commercial Bank of China (Asia) Limited announced unaudited consolidated cash flow results for the six months ended June 30, 2016. For the six months, the company reported net cash flows generated from operating activities of HKD 36,695,194,000 compared to net cash used in operating activities of HKD 7,193,161,000 a year ago.

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.

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