Industrial & Commercial Bank of China Ltd., the nation’s largest, led Chinese lenders higher in Hong Kong trading after the government removed loan curbs that have hurt their ability to extend credit.
ICBC rose 5.1 percent to close at HK$3.72. China Construction Bank Corp., the nation’s second largest, climbed 2.7 percent to HK$3.80. Bank of China [...]
Lenders in Shanghai are running out of time to announce the detailed implementation of the new mortgage policies.
Banks, including the Bank of Communications and the Shanghai Pudong Development Bank, are still working on the details and are yet to announce how they will introduce the new policies.
The People’s Bank of China, the country’s central bank, [...]
Banks on China’s mainland reduced their exposures to bad loans in the third quarter of this year as they boosted risk controls amid the global financial turmoil, the industry regulator said yesterday.
The average non-performing loan ratio at banks on the mainland was 5.49 percent by the end of September, compared with 5.58 percent as of [...]
Chinese banks’ average bad loan ratio was reduced to 5.49 percent by the end of September while the total assets of the country’s banking industry expanded to 59.3 trillion yuan (8.5 trillion U.S. dollars), said the country’s banking regulator on Monday.
Commercial banks had a total of 1.27 trillion yuan of non-performing loans as of Sept. [...]
Industrial and Commercial Bank of China (ICBC), the country’s largest lender, said profits in the past nine months increased largely because of more interest income despite the malaise from the global financial crisis.
ICBC’s net income totaled 92.7 billion yuan (13.54 billion U.S. dollars) from Jan. to Sept., up 46.03 percent from the same period last [...]
The Industrial and Commercial Bank of China (ICBC)<601398><1398>, the largest of China’s Big Four state-owned banks by market value, has expressed its interest in investing in Philippines’ GSIS Family Bank (GFB), a wholly-owned unit of the state pension fund, the Government Service Insurance System (GSIS), according to sources.
ICBC is reportedly to invest in GFB as [...]
