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ind & comm bk of china-h (1398) Snapshot

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ind & comm bk of china-h (1398) Related Bloomberg News

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ind & comm bk of china-h (1398) Details

Industrial and Commercial Bank of China Limited provides various financial products and services worldwide. It operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions. This segment’s products and services include corporate loans, trade financing, and deposit-taking activities; corporate wealth management services; and custody activities, various corporate intermediary services, etc. The Personal Banking segment provides personal loans and cards, deposit-taking, personal wealth management, personal intermediary services, etc. to individual customers. The Treasury Operations segment is involved in the money market transactions, investment securities, and foreign exchange transactions, as well as holding of derivative positions. The company also offers e-banking services, including Internet, telephone, mobile, and self-service banking services; and fund, insurance, and leasing services. Its distribution network consists of approximately 17,094 domestic institutions and 404 overseas institutions, as well as approximately 1,611 correspondent banks. The company was formerly known as Industrial and Commercial Bank of China. Industrial and Commercial Bank of China Limited was founded in 1984 and is based in Beijing, the People's Republic of China.

458,711 Employees
Last Reported Date: 09/22/16
Founded in 1984

ind & comm bk of china-h (1398) Top Compensated Officers

Chairman of the Board, President, Chairman of...
Total Annual Compensation: CNY448.0K
Senior Executive Vice President
Total Annual Compensation: CNY403.2K
Senior Executive Vice President
Total Annual Compensation: CNY403.2K
Senior Executive Vice President, Executive Di...
Total Annual Compensation: CNY403.0K
Compensation as of Fiscal Year 2015.

ind & comm bk of china-h (1398) Key Developments

Industrial and Commercial Bank of China Limited, Board Meeting, Sep 27, 2016

Industrial and Commercial Bank of China Limited, Board Meeting, Sep 27, 2016. Agenda: To consider the appointment of directors and president.

Industrial & Commercial Bank of China Ltd. Announces Board Changes

The board of directors of Industrial and Commercial Bank of China Limited approved the appointment of Mr. Gu Shu as President of the company. This appointment will take effect on the date when the qualification of Mr. Gu Shu to serve as President is approved by China Banking Regulatory Commission. The board also considered and approved the proposal on nomination of Mr. Gu Shu as a candidate of Executive Director and is subject to the consideration and approval at the shareholders' general meeting of the Bank, and is subject to the approval of the CBRC after the approval from the shareholders general meeting has been obtained. His term of office as executive director will commence on the date when the approval of the CBRC is obtained. The board also considered and approved the Proposal on Election of Mr. Gu Shu as the Vice Chairman, term of office will commence on the date when the approval of the CBRC is obtained, after his appointment as executive director of the Bank is approved by the shareholders' general meeting of the Bank. The board also considered and approved the Proposal on Nomination of Ms. SheilaColleen Bair as a Candidate of Independent Director of Industrial and Commercial Bank of China Limited. The term of office of an independent director of the Bank is due to expire and such independent director is not eligible for re-election pursuant to the relevant legal regulations. The Board resolved that Ms. Sheila Colleen Bair be nominated as a candidate of independent director of the Bank.

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

Industrial and Commercial Bank of China Limited reported unaudited consolidated earnings results for the six months ended June 30, 2016. For the six months, the company’s interest income was RMB 395,228,000 against RMB 437,295,000 a year ago. Net interest income was RMB 234,280,000 against RMB 252,087,000 a year ago. Operating income was RMB 328,981,000 against RMB 336,737,000 a year ago. Operating profit was RMB 193,954,000 against RMB 193,287,000 a year ago. Profit before taxation was RMB 195,075,000 against RMB 194,678,000 a year ago. Profit for the period attributable to equity holders of the parent company was RMB 150,217,000 or RMB 0.42 per diluted share against RMB 149,021,000 or RMB 0.42 per diluted share a year ago. Net cash flows from operating activities were RMB 297,632,000 against RMB 1,083,849,000 a year ago. Purchases of property and equipment and other assets was RMB 12,489,000 against RMB 17,482,000 a year ago. Capital expenditure was RMB 16,048,000 against RMB 20,513,000 a year ago. Return on average total assets was 1.32% against 1.39% a year ago. Return on weighted average equity was 16.83% against 18.86% a year ago.

 

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1398

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Valuation 1398 Industry Range
Price/Earnings 5.7x
Price/Sales 2.8x
Price/Book 0.9x
Price/Cash Flow 4.3x
TEV/Sales NM Not Meaningful
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