Industrial and Commercial Bank of China (ICBC)
Major Chinese banks cut high-yield deposit products to ease margin pressure
The shorter-term deposit products carry interest rates of around 1.2% to 1.8%
China’s ICBC to open vault boosting Hong Kong’s gold ambitions
The Chinese government has built up reserves of the metal as a counterweight to the US currency
China’s largest banks report steady profits, but margins shrink
The banks have successfully expanded their fee-based income
China banks pressured by rising loan losses, low margins
Overall, the 5 biggest banks set aside allowances for losses on loans of 3.5 trillion yuan in the first half
China banks cut deposit rates to aid margins, drive spending
The country’s prolonged property crisis, deflationary pressure and worries about unemployment are weighing on confidence among households
China’s Big Five banks post slimmer margins as economic challenges persist
For all banks, non-performing loan ratios remain steady or fall slightly
One Raffles Quay inks S$1.13 billion sustainability-linked loan from DBS, other banks
The office complex will work towards meeting targets such as reducing energy and water usage by 20-29%
China’s ICBC launches 80 billion yuan technology innovation fund
[BEIJING] Industrial and Commercial Bank of China, the world’s biggest commercial lender by assets, announced on Wednesday (Mar 12) the launch of an 80 billion yuan (S$14.7 billion) technology and inn...
SEC settles with ICBC unit over ransomware attack, imposes no fine
THE US Securities and Exchange Commission has settled record keeping charges against an Industrial and Commercial Bank of China unit concerning a November 2023 ransomware attack, but decided not to im...
China’s big banks post rise in Q3 profits, squeeze on NIM
CHINA’S largest lenders posted a rise in third-quarter profits on Wednesday (Oct 30), although margins were slimmer for some.
