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May 04, 2015 1:15 AM ET

Banks

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 for corporate and individual customers. The company accepts demand, savings, time, call, and notice deposits, as well as offers current accounts, consumer lending products, mortgage loans, hire and purchase leasing products, credit cards, and SME business loans. It also provides wealth management services; investment products and services, such as securities, investment funds, bond investment, investment savings plans, paper gold schemes, currency-linked contracts, and FX and spot gold margin trading services; insurance agency services; remittance services; payment services; and private banking ser...

ICBC Tower

33rd Floor

3 Garden Road

Central,  

Hong Kong

Founded in 1964

2,395 Employees

Phone:

852 2588 1188

Fax:

852 2805 1166

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

Chairman, Chief Executive Officer, Managing Director, Chairman of Corporate Governance Committee, Chairman of Executive Committee, Member of Senior Executive Risk Management Committee and Chairman of Chinese Mercantile Bank
Age: 55
Deputy Chief Executive, Chief Financial Officer, Chairman of Asset & Liability Management Committee, Member of Executive Committee and Member of Senior Executive Risk Management Committee
Age: 51
Deputy Chief Executive, Chief Operation Officer, Member of Executive Committee, Member of Operational Risk Committee and Member of Senior Executive Risk Management Committee
Age: 40
Alternate Chief Executive, Deputy Chief Executive, Director and Member of Executive Committee
Age: 47
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: 56
Compensation as of Fiscal Year 2014.

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

Industrial and Commercial Bank of China (Asia) Limited Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2014

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

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

ICBC Asia Limited Private Banking Presents at The 9th Annual FundForum Asia 2015, Apr-13-2015 . Venue: JW Marriott Hong Kong, Hong Kong, China.

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