| // 30-08-2010 |
ICBC reported its financial results for the first six months of 2010 with net income for the first half of the year at $232 million, down from $277 million for the same period in 2009.
"Our customers' smart driving has made a major contribution to our financial results and we have asked for permission to reduce basic insurance rates by 1.9%. This would be in addition to the 3.3% reduction in 2009 optional insurance rates our customers are currently benefiting from," said Jon Schubert, ICBC's President and CEO.
"This 1.9% reduction is a significant filing with BCUC - if approved, it will be the first time in more than a decade that we have been able to reduce our basic insurance rates."
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| // 20-08-2010 |
What your teen needs to know to drive smart...
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| // 09-08-2010 |
ICBC and Canadian Blood Services are encouraging British Columbians to think twice about their actions this B.C. Day long weekend.
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| // 02-01-2010 |
Stated in the Hanoi business license is the same range of business permitted under Vietnam law in the financial business license issued by The State Bank of Vietnam. This concludes the official inception of Industrial and Commercial Bank of China Limited Hanoi Branch, which is the first Chinese bank coming from Mainland China authorized by Vietnam Government to set up branch in Vietnam since July, 1995.
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| // 15-12-2009 |
On December 10, 2009 Vietnam local time, the Hanoi Branch of the Industrial and Commercial Bank of China successfully obtained a Financial Services Operating Permit issued by the State Bank of Vietnam……
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| // 23-11-2009 |
On November 20, 2009, Malaysian local time, Industrial and Commercial Bank of China was granted the banking license from BANK NEGARA MALAYSIA, the central bank to open a subsidiary bank in Malaysia. The local bank to be established will be the first banking institution ICBC sets up in Malaysia, marking a significant breakthrough in ICBC's implementation of its globalization strategy. ICBC's application had been approved by China Banking Regulatory Commission previously.
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| // 10-11-2009 |
On October 27, 2009, as 236 billion of restricted shares held by initial shareholders released to the market since floatation three years ago, ICBC, the largest bank in the world in terms of market capitalization, vaults as the No.1 A-share quoted company.
The number of restricted shares held by the initial shareholders, Ministry of Finance and Central Huijin Investment Ltd, is nearly sixteenth-fold of capital stock in circulation, or 94% of the total A-share capital. The market cap of this portion of released shares is around RMB 1.2319 trillion which is approximately 5% of A-Share's total market value, if counted at the closing price of RMB 5.22 per share on October 26.
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| // 16-10-2009 |
ICBC's outstanding business operation and sustainable development capability recently won the recognition from Emerging Markets as the best bank in Asia, according to the newspaper's Banking Achievement Poll of this year. ICBC proved its mettle again to win this year's title of "Banking Achievement 2009, Asia."
Emerging Markets is one of the publications under Euromoney Institutional Investor Group and a leading provider of information and data covering the economic development of emerging markets. The Banking Achievement Poll is a yearly review conducted by the newspaper on emerging markets as Asia, Africa and Latin America. The winners are announced at the annual summit of World Bank(WB) and International Monetary Fund(IMF).
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| // 12-10-2009 |
Recently the results of selection of "The Best Banks 2009" organized by "Global Finance" were announced, Industrial and Commercial Bank of China (Macau) Limited ("ICBC Macau") won the title of "The Best Bank in Macau Region 2009".
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| // 06-10-2009 |
Industrial and Commercial Bank of China Limited ("ICBC" or the "Bank", SSE: 601398; SEHK: 1398) today announces its interim results for the six months ended 30 June 2009. Based on International Financial Reporting Standards, ICBC's profit after tax for the first half of 2009 was RMB 66.7 billion, up 2.8% from the same period last year. Earnings per share was RMB 0.20. The steady growth in earnings resulted in further enhancement in investment return for shareholders. The Bank's annualized return on average total assets and return on weighted average equity reached 1.26% and 20.86%, up 0.05 and 1.43 percentage points from the end of last year respectively.
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| // 02-10-2009 |
Industrial and Commercial Bank of China Limited ("ICBC") and Bangkok Bank Public Company Limited (“BBL”) jointly announced that the two banks have reached an agreement on the sale and purchase of shares in ACL Bank Public Company Limited (“ACL”). At the same time, ICBC declared that it will make a tender offer to all shareholders of ACL. The transfer by BBL of its shares in ACL to ICBC under the agreement above will be completed as part of the said tender offer.
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| // 06-09-2009 |
Industrial and Commercial Bank of China Limited ("ICBC" or the "Bank", SSE: 601398; SEHK: 1398) today announces its interim results for the six months ended 30 June 2009. Based on International Financial Reporting Standards, ICBC's profit after tax for the first half of 2009 was RMB 66.7 billion, up 2.8% from the same period last year. Earnings per share was RMB 0.20. The steady growth in earnings resulted in further enhancement in investment return for shareholders. The Bank's annualized return on average total assets and return on weighted average equity reached 1.26% and 20.86%, up 0.05 and 1.43 percentage points from the end of last year respectively.
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| // 05-09-2009 |
The results of selection "World Best Internet Banks 2009" organized by Global Finance, US, were announced recently and ICBC Pocketed 2009's three important awards- "Best Consumer Internet Bank of China", "The 2009 Best Integrated Consumer Bank Site of Asia" and "The 2009 Best Integrated Corporate Bank Site of Asia". According to introduction, that is the consecutive 7th time for ICBC to win the honor "Best Consumer Internet Bank of China".
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| // 10-08-2009 |
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| // 20-07-2009 |
In a recent "2008 Selection of Values of Chinese Listed Companies & The 1st Selection of The Most Popular Network of Listed Company for Investors", ICBC won 6 big awards including "Top 100 Valuable Chinese Listed Companies", "Excellent Management Teams of Chinese Listed Companies", "Top 100 Secretaries of Board of Directors of Chinese Listed Companies", "The Best Chinese Listed Company with Social Responsibility", "The Most Popular Network of Listed Company for Investors" and "The Best Network of Chinese Listed Company in Information Disclosure".
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| // 29-06-2009 |
FinanceAsia, one of Asian's renowned finance media, recently released the results of the 2009 best bank selection, in which the award "Best Bank in China" was granted to ICBC, it is the fifth time that ICBC has won this honor since its participation in the selection.
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| // 25-06-2009 |
World Brand Lab recently released the ranking of "500 Most Valuable Brands in China, 2009" and ICBC tops the ranking with the brand value for RMB 125.086 billions. It is reported that is the first time for the financial brands to lead the ranking since the birth of this selection.
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| // 18-06-2009 |
Recently American Reader's Digest has announced its 2009 survey results about the Trusted Brands in Mainland China. ICBC won the highest honor -- Platinum Award for the bank category for the first time.
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| // 15-06-2009 |
On May 6th, ICBC International Holdings Limited ("ICBC International") obtained the license from the Hong Kong Securities and Futures Commission (SFC) to carry on Type 2 regulated activity, i.e., dealing in futures contracts. Prior to this, ICBC International's subsidiary investment company has obtained the licenses for Type 1 and Type 6 regulated activities.
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| // 01-06-2009 |
First day of every month all rating results are brought to naught. Starting a monthly rating from zero allows to identify a monthly winner and thus more objectively display the voters' oppinion. We rate banks by the actual number of votes. Monthly voting statistics can be found here.
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| // 22-05-2009 |
ICBC announced its first-quarter performance in 2009 on April 27, 2009. In accordance with the International Financial Reporting Standards, ICBC has achieved an after-tax profit of RMB 35.289 billion, an increase of 6.03% over the same period of last year. Earnings per share amount to RMB 0.11, an increase of 10% over the same period of last year.
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| // 08-05-2009 |
In recent years, many large-scale banks in Europe, the US and Japan have greatly expanded their assets and deposits by the means of takeover and merger. For example, JP Morgan Chase Bank came to hold the largest volume of deposits in the US by acquiring the largest saving bank Washington Mutual bank, creating the record of 1.0093 trillion US dollars. Compared with it, the growth of ICBC's deposits is mainly endogenous. Hence the fact that ICBC makes No. 1 in deposits becomes even more impressive. Moreover, in the context of the financial crisis, the deposit business has again caught the attention of banks around the world; and a trend to return to traditional banking businesses has reemerged. Against such a background, the performance of ICBC in enlarging deposits must have won prevalent attention both at home and abroad.
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| // 14-04-2009 |
Recently, the worldly renowned magazine Global Finance announced the results for its 2009 selection of best banks in emerging market countries. ICBC won the title of "Best Bank of China" again, which is also the sixth time that ICBC has won this title.
According to resources, the selection of ICBC by Global Finance is based mainly on the following considerations.
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| // 13-04-2009 |
Industrial & Commercial Bank of China Ltd., the world¡¯s largest lender by market value, said it is also the biggest by deposits after clients stashed another 950 billion yuan ($140 billion) of cash in the first quarter.
Deposits rose to 8.9 trillion yuan as of March 31, the Beijing-based lender said in an e-mailed statement today. Including deposits from financial companies, the figure amounted to 9.78 trillion yuan, it said.
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| // 06-04-2009 |
Industrial and Commercial Bank of China Limited released its Annual Report of Corporate Social Responsibility (2008) on March 25th, 2009 in compliance with the request of Shanghai Stock Exchange. It is reported that it is the first time ICBC worked out its CSR report according to the Sustainability Reporting Guidelines created by GRI (Global Reporting Initiative), and to engage an independent third-party for verification of the corporate social responsibility report.
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| // 25-03-2009 |
Hong Kong, 25 March 2009 – Industrial and Commercial Bank of China Limited ("ICBC" or the "Bank", SSE: 601398; SEHK: 1398) today announces its annual results for the financial year 2008. Based on International Financial Reporting Standards, ICBC's profit after tax for the year ended 31 December 2008 was RMB 111.2 billion, up 35.2% from the year 2007. Earnings per share were RMB 0.33. This has been the sixth consecutive year of high growth since 2003. During these six years, the compound annual growth rate of after tax profit was 37.5%, making ICBC one of the world's fastest growing major international banks. In 2008, ICBC strengthened its position as the world's largest bank by market value and became the most profitable bank in the world.
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| // 23-03-2009 |
In 2008, ICBC shook off the fallout of capital markets volatility and maintained momentum in steady and healthy development of assets trusteeship. With the net worth of assets under custody around RMB1.1438 trillion, ICBC had proven itself as the sole custodian bank managing assets exceeding RMB1 trillion at the end of 2008, a leader in this area for 11 consecutive years. Meanwhile, ICBC ranked No. 1 in securities investment funds, corporate annuities funds, insurance assets and other forms of trusteeship.
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| // 16-03-2009 |
In 2008, ICBC shook off the fallout of capital markets volatility and maintained momentum in steady and healthy development of assets trusteeship. With the net worth of assets under custody around RMB1.1438 trillion, ICBC had proven itself as the sole custodian bank managing assets exceeding RMB1 trillion at the end of 2008, a leader in this area for 11 consecutive years. Meanwhile, ICBC ranked No. 1 in securities investment funds, corporate annuities funds, insurance assets and other forms of trusteeship.
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| // 01-03-2009 |
Hong Kong, 25 March 2009 – Industrial and Commercial Bank of China Limited ("ICBC" or the "Bank", SSE: 601398; SEHK: 1398) today announces its annual results for the financial year 2008. Based on International Financial Reporting Standards, ICBC's profit after tax for the year ended 31 December 2008 was RMB 111.2 billion, up 35.2% from the year 2007. Earnings per share were RMB 0.33. This has been the sixth consecutive year of high growth since 2003. During these six years, the compound annual growth rate of after tax profit was 37.5%, making ICBC one of the world's fastest growing major international banks. In 2008, ICBC strengthened its position as the world's largest bank by market value and became the most profitable bank in the world.
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| // 23-02-2009 |
It was reported that by the end of January of 2009, ICBC's total assets has exceeded RMB 10,000 billion and become the first domestic enterprise with total assets breaking through RMB 10,000 billion.
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| // 16-02-2009 |
It was reported that by the end of January of 2009, ICBC's total assets has exceeded RMB 10,000 billion and become the first domestic enterprise with total assets breaking through RMB 10,000 billion.
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| // 13-02-2009 |
In 2008, with moderate operation guideline, ICBC overcame the negative influence brought by the financial crisis and positively steadily boosted its strategy of internationalization development. By far all ICBC's overseas business institutions are keeping good momentum and have realized the stable healthy development in operation scale and benefit.
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| // 05-01-2009 |
It was reported that the Awarding Ceremony of "Investor Relations Awards of Chinese Mainland" sponsored by IR MAGEZINE, an authoritative selection institution of global investor relations was held ceremoniously in Beijing on December 16, 2008.
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| // 02-01-2009 |
First day of every month all rating results are brought to naught. Starting a monthly rating from zero allows to identify a monthly winner and thus more objectively display the voters' oppinion. We rate banks by the actual number of votes. Monthly voting statistics can be found here.
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| // 29-12-2008 |
The results of selection of "Bank of the Year" organized by UK The Banker were announced recently and Industrial and Commercial Bank of China Limited (ICBC) showed itself in the ferocious competition in Asia region by wining the title of the "Bank of the Year in Asia" for the first time. Simultaneously the bank obtained the honor of "Bank of the Year in China" for the 7th time
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| // 17-12-2008 |
The results of selection of "Bank of the Year" organized by UK The Banker were announced recently and Industrial and Commercial Bank of China Limited (ICBC) showed itself in the ferocious competition in Asia region by wining the title of the "Bank of the Year in Asia" for the first time. Simultaneously the bank obtained the honor of "Bank of the Year in China" for the 7th time.
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| // 11-12-2008 |
Since share reform and IPO, ICBC strictly abides by laws and regulations as well as relevant supervision provisions in the places where ICBC was listed and takes perfection of corporate governance as the basic project of enhancing core competitiveness.
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| // 10-12-2008 |
The results of the selection "Triple A Country Winner 2008" organized by The Asset were announced recently and ICBC won the title of "Best Domestic Bank, China" of the journal for the first time.
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| // 09-12-2008 |
The results of selection of "Risk Management 2008" organized by Asia Risk were announced, ICBC won "Best Risk Management Award in China's Mainland"......
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| // 01-12-2008 |
First day of every month all rating results are brought to naught. Starting a monthly rating from zero allows to identify a monthly winner and thus more objectively display the voters' oppinion. We rate banks by the actual number of votes. Monthly voting statistics can be found here.
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| // 01-12-2008 |
On November 21, the Award Ceremony of "Best Corporate Governance Disclosure Awards 2008" sponsored by Hong Kong Institute of Certified Public Accountants (HKICPA) took place in Hong Kong. ICBC won the Gold Award of H-share listed company category of "Best Corporate Governance Disclosure Awards 2008".
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| // 25-11-2008 |
When the bank giants in Europe and US are busy in raising funds to get over the most serious financial crisis since 1929, the biggest commercial bank in China -- Industrial and Commercial Bank of China Limited (ICBC) started up the building of the IT system of the fourth generation recently. The action shows, after ICBC became the bank with the most market value in the world in 2007 and the most profitable bank in the world in the first half of 2008, ICBC's eyes have fixed on the laurel of the pacemaker of global financial technology.
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| // 01-11-2008 |
First day of every month all rating results are brought to naught. Starting a monthly rating from zero allows to identify a monthly winner and thus more objectively display the voters' oppinion. We rate banks by the actual number of votes. Monthly voting statistics can be found here.
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| // 31-10-2008 |
On October 21st, 2008, Industrial and Commercial Bank of China Limited held a grand opening ceremony in Doha, the capital of Qatar, and formally opens its Doha branch. This is the second business institution opened by ICBC in the Middle East, only one day after the opening of ICBC (Middle East).
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| // 28-10-2008 |
On October 20th, 2008, Industrial and Commercial Bank of China (Middle East) Limited (hereinafter referred to as "ICBC (Middle East)") held a grand opening ceremony in Dubai, the economic and financial center in the United Arab Emirates (the UAE). ICBC (Middle East) is the first wholly-owned subsidiary bank established in the Middle East by Chinese banks.
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| // 22-10-2008 |
Industrial and Commercial Bank of China (ICBC) held a grand opening ceremony in New York, and presented its New York branch to US business community. As the first branch set up by ICBC in the United States, its successful debut in, and recognition by, U.S. business community not only further improves ICBC's global financial services network, but also marks a major breakthrough in the implementation of its international business strategy.
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| // 20-10-2008 |
On October 15th, 2008, Industrial and Commercial Bank of China (ICBC) held a grand opening ceremony in New York, and presented its New York branch to US business community. As the first branch set up by ICBC in the United States, its successful debut in, and recognition by, U.S. business community not only further improves ICBC's global financial services network, but also marks a major breakthrough in the implementation of its international business strategy.
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| // 15-10-2008 |
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| // 09-10-2008 |
A grand Opening Ceremony of ICBC Sydney Branch took place in Sydney.
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| // 01-10-2008 |
First day of every month all rating results are brought to naught. Starting a monthly rating from zero allows to identify a monthly winner and thus more objectively display the voters' oppinion. We rate banks by the actual number of votes
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| // 30-09-2008 |
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| // 23-09-2008 |
It is reported that ICBC won four important awards including "Best Consumer Internet Bank of China", "Best Corporate/Institutional Internet Bank of China", "Best Consumer Internet Bank of Investment Management of Asia" and "Best Investment Management Corporate/Institutional Internet Bank of Asia" in a "2008 Internet Banks" Vote organized by US Global Finance recently. So far, ICBC has won the title of "Best Consumer Internet Bank of China" for successive six years.
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| // 09-09-2008 |
ICBC was the winner of the "Best Cash Management Bank of China" award from Finance Asia in 2007 and continued to hold the title in the selection of best financial institutions organized by this magazine in 2008.
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| // 22-08-2008 |
Beijing, 21 August 2008 – Industrial and Commercial Bank of China Limited (“ICBC” or the “Bank”, SSE: 601398; SEHK: 1398) today announced its financial results for the six months ended 30 June 2008. Based on International Financial Reporting Standards, ICBC’s profit after tax for the first half of 2008 was RMB 64.879 billion, up 56.75% from the same period last year. Earnings per share were RMB 0.19. According to all the interim results that have been announced so far, ICBC has become the most profitable bank in the world in the first half of 2008.
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| // 08-08-2008 |
On August 5, 2008, the application of ICBC to open its New York Branch obtained the formal approval of Federal Reserve Board (FRB) and the application has been approved by China's regulating department previously. The approval signifies that ICBC, the biggest bank in market value worldwide, makes another significant move to implement its global strategy.
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| // 01-08-2008 |
ICBC is the July 2008 voting prizewinner! Starting a monthly rating from zero allows to identify a monthly winner and thus more objectively display the voters' oppinion. We rate banks by the actual number of votes.
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| // 21-07-2008 |
Recently, Fortune magazine of America announced the list of 2008 Fortune Global 500. Measured by the gross revenue in 2007, ICBC was ranked 133rd globally with USD 51.526 billion, moving up 37 from 2007. Meanwhile, on the list of 2008 global 1000 largest banks as measured by Tier I capital announced by The Banker magazine of UK, ICBC was ranked 8th globally with USD 66.271 billion of Tier I capital, top all domestic Chinese banks.
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| // 04-07-2008 |
It was reported that since this year, the custodian service by ICBC has won seven domestic and international awards consecutively, among which three major authoritative international financial media, The Assets of Hong Kong, Global Custodian of UK, and Global Finance of US, all granted the award of "2007 Best Sub-Custodian Bank in China" to ICBC.
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| // 01-07-2008 |
ICBC is the June 2008 voting prizewinner! Starting a monthly rating from zero allows to identify a monthly winner and thus more objectively display the voters' oppinion. We rate banks by the actual number of votes.
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| // 20-06-2008 |
It is learnt that 2008 annual results of technology awards by The Banker of UK announced recently that ICBC was honored by Best Business Continuity Management Award. Following the "Best Web Application Award" in 2006 and the "Best Cash Management Application Award" in 2007, this is the third consecutive year for ICBC to win technology awards of The Banker.
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| // 18-06-2008 |
It is reported that ICBC successfully showed itself in the competition with many well-known domestic and foreign companies for the 2008 legal award by Asia Legal Business magazine (referred to ALB). ICBC successfully won "China In-House Team of the Year" and "Banking and Financial Service In-House Team of the Year" in one stroke. And ICBC becomes the first domestic commercial bank that recently won the award of "China In-House Team of the Year" and the first Chinese-funded company whose lawyer team won those two awards at one time.
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| // 05-06-2008 |
It is reported that ICBC was granted the "Best Retail Bank of China" award by The Asian Banker magazine on the excellence awards ceremony for Asian retail financial industry. It is introduced that the "Best Retail Bank of China" award is the supreme honor that The Asian Banker issues to the retail banking industry in China, and ICBC has won the award for the fourth time in the past six years. Meanwhile, ICBC also won two awards, i.e. "Best Large Retail Bank of China" and "Best Multi-channel Bank of China".
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| // 07-05-2008 |
It is reported that Millward Brown Optimor, an internationally authoritative market research organization, recently unveiled the list of Top 100 Globally Most Valuable Brands for 2008. Owing to the outstanding market performance, ICBC raised its brand value by 70% year-on-year to USD 28.004 billion; the bank ranked 18th among the listed brands, up from the 15th place last year, and is included among ten progressive enterprises.
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| // 29-04-2008 |
Beijing, 29 April 2008 - Industrial and Commercial Bank of China Limited (“ICBC” or the “Bank”, SSE: 601398; SEHK: 1398) today announced the financial results for the first quarter of financial year 2008. Based on International Financial Reporting Standards, ICBC’s profit after tax for the first quarter of 2008 was RMB 33.282 billion, up76.10% from the same period last year. (Based on PRC GAAP, ICBC’s profit after tax for the quarter was RMB 33.282 billion, up 76.17% from the same period last year). Earnings per share were RMB 0.10.
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| // 14-04-2008 |
On April 10, the Industrial and Commercial Bank of China Limited published ICBC's Announcement on Profit Increase Estimate for Q1 2008 on "China Securities Journal", "Shanghai Securities News", "Securities Times ", and on the websites of both Shanghai and Hong Kong Stock Exchanges.
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| // 07-04-2008 |
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| // 28-03-2008 |
In 2007, 22 of ICBC's accredited express repair shops won AutocheX Premier Achiever Awards for excellence in customer satisfaction. The winners were recognized, out of 9,000 entries across North America, for achieving customer satisfaction ratings of 98.8 per cent or higher.
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| // 18-03-2008 |
ICBC has reported strong financial results and high customer satisfaction scores for 2007.
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