March 25, 2017 5:56 PM ET

Banks

Company Overview of ICICI Bank Canada

Company Overview

ICICI Bank Canada, a full-service direct bank, provides a range of financial solutions to cater to personal, commercial, corporate, investment, treasury, and trade requirements in Canada. It offers savings and chequing accounts; guaranteed investment certificates and term deposits; tax-free savings account; retirement savings; mortgage, lines of credit, operating loans, and term loans; registered education savings plans; foreign exchange and interest rate risk management products; and export and import services, as well as ABM/debit cards. The company also provides money transfer, branch banking, Internet banking, telephone banking, and mobile banking services. It has branches in Brampton, D...

Don Valley Business Park

150 Ferrand Drive

Suite 1200

Toronto, ON M3C 3E5

Canada

Founded in 2003

Phone:

888-424-2422

Key Executives for ICICI Bank Canada

Chief Executive Officer, President and Director
Chairperson, Chief Executive Officer of ICICI Bank Limited and Managing Director of ICICI Bank Limited
Age: 54
Chief Financial Officer and Vice President
Credit Risk Officer and Senior Vice President
Vice President of Commercial Corporate & Investment Banking
Compensation as of Fiscal Year 2016.

ICICI Bank Canada Key Developments

ICICI Bank Canada Reports Earnings Results for Third Quarter Ended December 31, 2016

ICICI Bank Canada reported earnings results for third quarter ended December 31, 2016. For the quarter, the company reported net interest income of CAD 18.6 million against CAD 21.5 million a year ago. Loss after tax was CAD 34.6 million against profit after tax of CAD 5.4 million a year ago.

ICICI Bank Canada Announces Earnings Results for the Full Year Ended March 31, 2016

ICICI Bank Canada announced earnings results for the full year ended March 31, 2016. For the period, the company reported net interest income of CAD 82.8 million compared to CAD 73.7 million a year ago. Profit after tax was CAD 22.4 million compared to CAD 33.7 million a year ago.

ICICI Bank Canada Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015

ICICI Bank Canada reported earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, as per IFRS, profit after tax was CAD 7.5 million compared to CAD 11 million for the fourth quarter of 2014 and CAD 3 million in third quarter of 2015. For the full year, as per IFRS, profit after tax was CAD 33.7 million compared to CAD 48.3 million. The decrease in profit was on account of higher specific provisions, primarily, on account of in risk categorization of a mid-sized India-linked account during the year.

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