The Business Times

Agricultural Bank of China

Banking & Finance

China banks cut deposit rates to aid margins, drive spending

Industrial and Commercial Bank of China (ICBC), the world’s largest lender by assets, posting first-quarter profit drops of 4 per cent from a year before.
Banking & Finance

China’s Big Five banks post slimmer margins as economic challenges persist

Pedestrians walk past a branch of the Agricultural Bank of China Ltd. in Beijing, China, on Wednesday, Oct. 27, 2010. Agricultural Bank of China Ltd. is expected to announce third-quarter earnings today. Photographer: Nelson Ching/Bloomberg
Banking & Finance

China to start bank recapitalisation with at least 400 billion yuan

Agricultural Bank of China (AgBank) led profit gains among China’s largest lenders on Wednesday (Oct 30), posting a 5.88 percent increase in third-quarter net profit.
Banking & Finance

China’s big banks post rise in Q3 profits, squeeze on NIM

The teetering property sector has long accounted for around a quarter of gross domestic product and experienced dazzling growth for two decades.
Banking & Finance

China’s top banks to tweak mortgage rates to boost housing market

Banks have resorted to multiple deposit rate cuts to mitigate the impact of lower loan rates.
Banking & Finance

China to boost capital at mega banks for first time in a decade

Industrial & Commercial Bank of China (ICBC), on Aug 30 announced its first ever interim dividend as first-half profit fell 1.9 per cent to 170.5 billion yuan (S$31.4 billion).
Banking & Finance

China’s mega banks deliver on dividend pressure as profits fall

Bank earnings slated for later this month may be the next test for investors to gauge the health of the sector.
Banking & Finance

China banks become surprise winners of frenzied hunt for yield

ICBC cut rates on deposits of two years or more by 20 basis points to 1.45 to 1.8 per cent.
Banking & Finance

China banks trim deposit rates to bolster record-low margins

The banks have typically relied on so-called additional Tier-1 and Tier-2 bonds in recent years to replenish capital.
International

China megabanks kick off 60 billion yuan loss-absorbing bond sales

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