icbc

ICBC was the only state-controlled Chinese bank to make an offer, which made the sellers a bit nervous.

Yang Kaisheng, ICBC's president, said the impact of the subprime crisis on the bank had been limited.

Even if the size of the IPO surpasses that of ICBC, it still falls short of the bank's goal to raise as much as $30 billion.

Economists said the amount of money ICBC hopes to bring into the country was roughly equivalent to one month of China's trade surplus.

ICBC, say, might come with a much larger customer base, but a 20% stake in such a giant would be beyond even China Mobile's deep pockets.

ICBC is staying away from exotic products like derivatives because 'we are unable to see through the risks, ' Mr. Wu says.

These groups would be likely to "move quickly and attempt to match ICBC's aggressive posturing in the weeks ahead" , Mr Alexander said.

ICBC's U. S. assets have increased to more than $1 billion from basically zero since the bank opened its New York office.

The fact that ICBC's massive capital-raising operation partly took place in Shanghai underlined the revival in the mainland stock market.

Analysts at ICBC International said the sale was not surprising given Unicom no longer had any CDMA operations.

"ICBC is all but guaranteed to acquire the stake, " said Peter Alexander, of Z-Ben Advisors, a Shanghai-based consultancy.

Spillane says the Chinese banks have one advantage. 'A crisis like this has made ICBC well accepted by customers, ' he said.

If it is a car accident in British Columbia, ICBC would also like to call a report and arrange an appointment time.

The bank is China's third-largest lender by assets after ICBC and China Construction Bank, and is the country's largest rural lender.

With the case of ICBC Shanghai Branch, the paper discusses its strategic objective and development measures in the next three years.

ICBC will not be the only Chinese bank to think that an American regulatory endorsement could be a step towards bigger things.

It had been expected to eclipse the current IPO record set by Industrial and Commercial Bank of China, which raised $22bn in 2006.

"ICBC will not rush to lend, nor will it stop lending, " the bank said in a statement.

ICBC is the largest commercial bank in China and one of the top ten commercial banks around the world in terms of asset size.

In recent years, the ICBC run by Mr. Jiang and the Bank of China under Mr. Xiao, have been aggressive in expanding overseas.

Five years on the bank has risen to be the world's second-largest by market value, after ICBC.

Still, concerns that foreign investors will likely sell part of their stake in the bank hang over ICBC.

An ICBC official said that the bank had "never made such contact with Temasek" .

ICBC will also nominate two non-executive directors to the board, one of whom would be a vice-chairman.

Has two cards in the ICBC, did not have the money, could he from another deduction yearly payment ?

By conducting the offer in both centres at once, ICBC has demonstrated that the mainland exchange is no longer an afterthought.

ICBC has also said it would open five more European branches, and has applied to open branches in Peru and reportedly in Brazil.

Industrial and Commercial Bank of China, the world's largest lender by market capitalisation, is now the biggest by deposits as well.

However, some banks, especially big ones, have dragged their feet. ICBC did not lower its rates until February, according to state media.

ICBC executives have visited Buenos Aires over the past couple of years, but their interest appears only to have been very preliminary.

The relationship with GE stretched back to China, where ICBC provided the company with some backup credit lines.

Strategic investors are lining up for a slice of future bank issues, including Industrial & Commercial Bank of China's $21bn offering.

But with the completion of the ICBC offering, probably in November, a different type of state-owned asset will come up for auction.

ICBC spotted the error later in the day on Friday and froze all trades that had taken advantage of it, Caijing added.

He is also at pains to say it takes time "to understand each other" , part of the reason for ICBC's late arrival in the Middle East.

The decision is understood to have followed a meeting between ICBC's management and its advisers in Beijing on Saturday.

He would not identify which foreign airlines ICBC had approached.

This year, the ICBC investment has been a major drag on Goldman's financial results.

ICBC said in its statement that the appointment of Mr. Zhang is subject to approval by the China Banking Regulatory Commission.

At the end of the first quarter, just 7% of ICBC's total loans were to local-government financing vehicles.

The stake sale will leave Goldman with a 4 per cent holding in ICBC, which it will retain until at least April 2010.

But now ICBC, along with other Chinese banks, is beginning to flex its muscles in the world market.

That's particularly striking because, on fundamentals, ICBC is among the strongest and most conservative of China's big banks.

ICBC was regarded as being ahead only of Agricultural Bank of China, which has so far proved to be too difficult to reform.

ICBC was only cleared to open a branch in New York in 2008, after the issue had become a sore point for Beijing.

It is a conservative "follow the money" strategy: ICBC is trailing, not leading, the rest of China Inc.

In the process, ICBC has lost market share, something that Mr Yang does not appear to be bothered about.

Other metrics highlight the shaky foundations on which ICBC's share price rests.

Fund managers move in packs, while index trackers have no option but to load up on the likes of ICBC and PetroChina.

So far, Goldman has doubled its money from selling shares of ICBC, with more shares left on Goldman's books.

Yet ICBC has limited influence with Standard Bank, with only a couple of directors on its board.

ICBC's Shanghai offering was the largest ever attempted there, two times larger than BoC's A-share IPO in June.

But the total amounts they plan to raise fall far short of the five-year estimate of Yang Kaisheng, ICBC president .

Prior to that he worked at U. K. asset management firm Schroders PLC and personal computer giant Hewlett-Packard Co. , ICBC said.

ICBC said: 'We are well aware that the bank will face severe challenges in 2009. '

That hits ICBC where it hurts, given that net interest income accounts for the vast bulk of its operating income.

ICBC has become increasingly comfortable venturing outside its home markets, which still account for the bulk of its profit.

The Quarterly: Why has ICBC put so much effort into thinking about corporate governance?

If the deal is approved, ICBC's subsequent role in the American market will largely depend on its ambitions.

But some analysts warned that ICBC shares could quickly fall back in the coming weeks.

As the first level branch, ICBC S Branch is in the leading position among all the banks in the area.

Any earnings disappointments, compounded by fickle Chinese retail investors, could see ICBC slip down the rankings again very quickly.

With ICBC's share price stuck at these levels, it looks like the world's biggest canary in the coal mine.

Some outcomes had been popularized in ICBC Chongzhou branch and get fairly good effect.

In recent years, it has taken over small retail banks in Indonesia and Thailand, rebranding both with ICBC's name.

However, since the mechanism fell behind and the operation is inefficient, there are many problems existing in ICBC.

"[ICBC rival] China Construction Bank, for example, is trying to lend more, because lending gives you bigger margins, " Ms Yan said.

If they [ICBC] want to finance some of our aircraft, that would be good.

The ICBC listing topped a number of other multibillion dollar Chinese IPOs that bypassed London and New York.

When the office opened its doors, ICBC invited GE officials to visit. Among those who came was Ms. Cassidy.

The big banks like Bank of China and ICBC opened up their coffers and liquidity flooded the system.

I'm retired, having worked for ICBC before that, and this brings in a little extra money.

ICBC supplied two-thirds of that in the first quarter alone.

Goldman Sachs is advising ICBC, in which it has a small shareholding.

Analysts believe that ICBC could help fill a void left by the retreat of U. S. -based financial institutions.

You can apply for it in the ICBC Peony Credit Card Department. The address is Beijing Road NO.

the copies of citizen ID, highest school record, ICBC account ID and a copy of one-inch photo.

Japanese banks also fair well in this year's ranking , with Mitsubishi UFJ taking back the top Asian bank spot from ICBC.

At a trading desk nearby with dozens of blinking computer monitors, staffers buy and sell U. S. Treasury bonds for ICBC.

Not long ago the size of the ICBC offering would also have been about 40% smaller, bankers say.

Any potential acquisition target must expand our regional footprint and improve ICBC's core competencies and long-term returns.

Early this month, ICBC closed its first commercial -property loan in the U.

The two companies also reaffirmed their cooperative relationship, under which ICBC issues AmEx cards.

The fourth chapter summarizes the main measures and the gradual results of ICBC Xiamen branch flattening reform.

But ICBC says it expects market-oriented reforms of interest rates to erode the margin this year, hitting profits.

ICBC has also bought 80 per cent of Standard Bank in Argentina, a deal that is awaiting shareholder approval, she said.

Earlier this year, the Industrial and Commercial Bank (ICBC) launched a new gold trading product for individual investors.

The single biggest shareholder in both ICBC and CCB is Central Huijin Investment Company, a government holding company.

Mainland banks were strong on the back of bullish earnings guidance from Industrial and Commercial Bank of China and China Merchants Bank.

ICBC has already signed cooperation agreements with the Thomas Cook MoneyGram Payment Systems Inc.

ICBC has already signed cooperation agreements with the Thomas Cook MoneyGram Payment Systems Inc.

The loan project appraisal is generally organized and implemented by ICBC's credit appraisal departments.

If the funds remained offshore ICBC could use them for lending in foreign currencies or foreign exchange trading.

Three of China's four largest commercial banks -- ICBC, Bank of China and China Construction Bank -- have since gone public overseas.

Mr Maree and Mr Jiang, ICBC's chairman, stitched the deal together after spending a day in Cape Town together.

Bank of China was the slowest, with a 28 per cent increase.

Reports in U. S. newspapers earlier this week said Goldman was looking to sell part of its ICBC stake as soon as next month.

Other American banks, denied a foothold in ICBC, are scrambling to make up for it wherever they can.

The ICBC officials said they were in talks to buy into Bank Halim Indonesia, a small bank based in the east Java city of Surabaya.

Down the road, in King William Street, the builders are at work inside the future home of ICBC, another state-owned giant.

Down the road, in King William Street, the builders are at work inside the future home of ICBC, another state-owned giant.

ICBC says it could consider loans that are even higher than $500 million, and it intends to hold loans on its books.

ICBC has a deep archive of financial information, but no press section nor anything on social responsibility.

1 closed from icbc emergency center at the entrance to the SOS, Beijing rural commercial bank door closed construction cache.

Once he is satisfied ICBC has established itself in these markets, it will look to expand gradually throughout the region.

Please tell us about your family A: My mother is ICBC staff, father is the police.

A Peony International Card is issued by the ICBC to those enterprises or individuals who have foreign currency deposit.

It was facilitated by Goldman Sachs, which has a small shareholding in ICBC.

This structural shift was evident in first-half figures from ICBC, China's largest commercial lender.

Depending on the final price, ICBC will probably stand above two times its book value, slightly below its peers.

Depending on the final price, ICBC will probably stand above two times its book value, slightly below its peers.

That investors are not snapping up Industrial & Commercial Bank of China, therefore, is worrying.

In accordance with national industrial policy, loan policy and ICBC's loan orientation.

Love bubble nets news: chongqing icbc and travel related department spends a lot of energy and money.

The share sale was made ahead of ICBC's $21. 9 billion IPO in October of that year.

A nationwide presence means ICBC has little trouble attracting deposits.

She borrows money from ICBC to pay the debit card of CMBC, just like robbing Peter to pay Paul.

This deal doesn't make ICBC a primary dealer, at least in the near term, the people said.

'We arrived at the darkest moment, ' says Wu Bin, ICBC's general manager in New York.

Staff have been cut in vast numbers and about $163bn expended by the government to pay off bad loans and get ICBC's balance sheet in order.

Staff have been cut in vast numbers and about $163bn expended by the government to pay off bad loans and get ICBC's balance sheet in order.

A couple days ago, the Chairman of ICBC announced that LGFV loans accounted for 10% of his bank's total loan book.

ICBC said Thursday that only 0. 02% of its loans to local-government financing platforms are nonperforming.

More important, the deal is another sign of ICBC's regional and international ambitions.

ICBC has said it wants to expand its overseas assets and revenue to 10% of its business, from the current 3%.

News Background: ICBC promotes Internet Personal Bank.

Yang Kaisheng, the president of ICBC, China's largest bank, says that loans made since 1999 have a bad debt ratio of less than 2 per cent.

Never have I seen a shouting Foxconn peasant worker when in a long queue at ICBC branch.

Similarly, the funds raised from them also accounted for about 40% of the Shanghai leg of ICBC's IPO.

Goldman, the most profitable Wall Street securities company, wrote down its ICBC holdings by $1bn last quarter.

Goldman, the most profitable Wall Street securities company, wrote down its ICBC holdings by $1bn last quarter.

Other big investors include AIG Global Investment and the Industrial and Commercial Bank of China.

So how to improve the operation performance of the secondary branch is the key to improving competition capacity of ICBC.

What, then, to make of Industrial & Commercial Bank of China, now the world's biggest bank by any metric you care to mention?

ICBC, which reported results on Thursday, also set aside more funds for loan losses.

The mismatch suggests, at the very least, that ICBC got its price wrong.

ICBC, in spite of its forays into developed markets, has its eye specifically on the emerging world.

ICBC has been the most active of China's banks in pursuing overseas acquisitions, but largely shunned such high-profile deals.

Our board has made great efforts to enhance ICBC's development and risk management.

"The acquisition will help to build a foundation for ICBC to become a global bank, " said Jiang Jianqing, chairman.

ICBC and Bank of East Asia have talked to US regulators about the deal, sources said.

Both BoC and ICBC were keen to draw a line under their subprime-related losses yesterday.

But ICBC, however valuable, also reflects the murkier side of life in the Chinese economy.

The ICBC teamed with the World Gold Council to launch China's first gold gift investment bar on Tuesday.

China Construction Bank declined to comment, while ICBC and Bank of China didn't immediately respond to requests for comment.

He also made clear that ICBC, the world's biggest bank by market value, is considering more acquisitions.

The conclusion part summarizes the new and old ICBC client grading system.

Quite why investors are so keen to own ICBC is more of a puzzle.

Beijing has encouraged big banks like ICBC to lend funds to jump-start the economy.

He works in an ICBC Bank, and he is a director.

ICBC is the second-largest stock on the Shanghai Stock Exchange, while Bank of China is No. 4.

Other banks reported wider margins, and ICBC did experience rising margins in the second half.

"France is very glad to welcome the biggest bank of the world, ICBC, " Lagarde said.

ICBC turned a $21. 3 billion profit, one of four Chinese banks to make the top ten.

In some ways, though, ICBC still is learning the ropes in the U. S.

"Unlike the property market, investment in the gold sector is something the government is encouraging, " ICBC's Zhou told Reuters.

ICBC is also coming up with other creative ways for Chinese citizens to invest in the shiny metal.

ICBC is set to smash the record book, tapping international and domestic markets for between $15bn-$21bn next month.

Huijin owns about 68% each of Construction Bank and Bank of China. Together with China's Ministry of Finance, it holds 70% of ICBC.

ICBC, which has shown the most expansionist instincts, derived only 4% of profits from abroad.

Industrial and Commercial Bank of China, China's largest bank, has a market capitalisation of about $55bn compared with SBI's $30bn.

ICBC says it uses a 'top-down' approach to identify potential U. S. clients.

"ICBC would certainly be interested if they were given the opportunity to buy, say, Standard Chartered, " Mr Ho said.

Do you know whether there is another ICBC ATM nearby?

ICBC is majority-owned by the communist-run state.

ICBC said it held $1. 92bn in US subprime-related assets by the end of June and had set aside $702m in provisions.

Since 1999, Huarong has paid tens of billions of dollars for large chunks of ICBC's bad-loan portfolio.

In the ICBC fund, U. S. investments make up 32% of the portfolio, up from 24% at the end of 2009, according to the fund's quarterly reports.

At about 2. 3 times ICBC's 2006 book value, or 19 times prospective earnings, it is in line with its Chinese peers.

ICBC will have a new channel and local expertise to facilitate China's pursuit of Africa's wealth of raw materials.

"I'm going to keep my ICBC shares - I'm a long-term investor, " Ms Wong says.

In a statement Wednesday, ICBC said it wouldn't stop lending.

I'm Xiao Li of the Peony Credit Card Department of ICBC.

In that case the offering would probably end up smaller than ICBC's.

The ICBC facility has a ten month term and the CITIC facility has a one-year term.

The sharp drop in interest rates caused ICBC to suffer a 76 basis-point fall in its net interest margin, year on year, to 2. 25 per cent.

I can assure you that we have a sound financial standing. You can consult our banks, the ICBC, Fuzhou.

ICBC, China's largest bank, managed to rise 2 per cent after plunging more than 8 per cent on Tuesday.

When dealing starts on October 27, ICBC will immediately join the ranks of world's top-10 banks by market capitalisation.

"It will expand and build upon AIA's relationship with ICBC. "

ICBC's size also makes it vulnerable to consumer fraud.

But ICBC and CCB (not on the list) are bigger, by that measure.

TV charge We will give you an application form and pay this charge to ICBC when you finished this form.

The Quarterly: How do you control risk in a big institution like ICBC and how do you build that into the culture of the organization?

The Kuwait Investment Authority took a stake in Industrial and Commercial Bank of China when the Chinese bank went public in 2006.

We want to demonstrate our commitment to ICBC given the uncertainty in the market.

It comes in the wake of recent expansionary comments by Jiang Jianqing, ICBC.

ICBC is 70%-owned by the Chinese government and became the world's most profitable bank during the crisis.

Spokesmen for ICBC and CCB declined to comment, while Bank of China didn't return calls.

He joined an ICBC branch in Shanghai in 1986 as a teller.

As part of the deal, Goldman and funds it manages took a 4. 95% stake in ICBC for $2. 9 billion.

ICBC has five other vice presidents.

ICBC said last week it plans to raise Rmb8bn in selling asset-backed loans.

Goldman is trimming its investment in order to book profits now as volatility continues to rock ICBC shares.

The ICBC is promoting a security device based on a USB stick, which looks scarily sophisticated.

It also helped that ICBC opened an office in Manhattan in October 2008.

In the coming weeks, there are downward correction risks for ICBC.

Everbright's loan-to-deposit ratio at the end of 2010 was 81%, compared with 62% for ICBC.

ICBC had more than 16, 000 outlets in mainland China at the end of June.

You can use an ICBC's deposit passbook or the cash to transfer money.

All of which bolsters ICBC's defensive credentials.

At ICBC, loans three to six months overdue grew by 35 percent.

At ICBC, 'we're flush with cash, which is the envy of Wall Street now, ' Mr.

This is a program involving the community, ICBC and the police and is a fun way for children to learn about bike safety.

Thursday, ICBC Chairman Jiang Jianqing said his bank can issue 100 billion yuan worth of debt in the future to replenish capital. Mr.

Goldman Sachs Group Inc. , which was appointed to take purchase orders in the deal, is also a strategic investor in ICBC with a 4. 9% stake.

Since then, ICBC has kept its nonperforming ratio for new loans to 1. 7 percent.

With about $1. 8 trillion in assets, ICBC is roughly 25% smaller than Bank of America Corp.

When follow-on placements are exercised, ICBC's take is on course to rise to $21. 9bn for the 17 per cent stake being sold.

Please go to the international Department of ICBC Shanghai Branch.

By comparison, ICBC posted net profit of 129 billion yuan in 2009.

ICBC will acquire an 80 percent stake in the BEA's US unit for US$140 million.

Please go to the international Department of ICBC Beijing Branch.

ICBC has a loan-to-deposit ratio of 62 and trades at 11. 7 times, partly reflecting the fact it won't have a costly scramble for deposits.

ICBC holds a 60 percent stake of the village bank's 200-million-yuan registered capital.

Being the biggest does not, however, mean being the most profitable: ICBC, a Chinese bank, topped that global league table last year.

ICBC said its nonperforming loans fell to 0. 91%, down from 0. 95% at the end of June.

Over time, ICBC may begin underwriting bonds for all kinds of companies.

ICBC said its total loans and advances to customers increased by 13. 9 per cent in the first quarter to Rmb5200bn ($761bn).

ICBC's staff alone dropped from 550, 000 at the turn of the century to about 370, 000 today.

ICBC had 306. 5 billion yuan in cash and equivalents.

Shares in ICBC fell 7. 3% in morning trading Thursday, outpacing a 4. 5% fall in the Hang Seng Index.

Goldman Sachs Group Inc. owns a 3. 9% stake in ICBC.

ICBC has expanded into other areas, such as insurance, amid the Chinese government's efforts to reduce loan growth.

ICBC reported first-half net profit rose 29% to 109. 48 billion yuan.

In June 1999, the nonperforming loan ratio at ICBC reached 47. 5 percent.

The lender will still own about 2. 3 per cent of ICBC following the latest sale, down from nearly 5 per cent in 2006.

Mainland banks suffered broad losses with Industrial and Commercial Bank of China falling 1. 7 per cent to Rmb5. 35.

ICBC currently doesn't have a projection set for its loan book.

Could you tell me how to walk to the South City Savings Office of ICBC.

The development companies now account for 10 per cent of ICBC's loan book.

However, it is understood the South African Reserve Bank will cap the percentage the ICBC can go to at about 25 per cent.

Still, the banks' expansion is starting to pick up pace, with ICBC entering Vietnam, Malaysia, Thailand and Canada last year.

Nov. 2011: According to The Wall Street Journal and other news outlets, Goldman sold 1. 75 billion ICBC shares for $1. 1 billion.

Now ICBC's bad loan ratio has been reduced to 2. 2 percent.

In 2006, Goldman Sachs Group Inc. bought 4. 9% of ICBC.

ICBC is planning to sell 13bn shares in Shanghai, about 4 per cent of the company's equity, and a further 35. 4bn shares in Hong Kong.

ICBC reported a 3 per cent rise in net profit in the first half to Rmb66. 42bn.

a deceleration in earnings growth is already evident in ICBC's latest quarterly results compared to last year.

Could you tell me how long it takes to get to the nearest Business Department of ICBC?

There are over 135 Irish companies in China and ICBC, Bank of China have started their businesses in Ireland.

Last year, The Banker magazine picked ICBC as its "Bank of the Year" for Asia.

Last year, ICBC nearly doubled the amount of wealth management products it sold.

They can then be resold for cash through ICBC based on real-time gold prices.

The sale pared Goldman's stake in ICBC to 2. 2%, from 2. 9%.

THE price is so trivial it will not have a discernible impact on the buyer, ICBC, the Chinese bank that is the world's biggest by value.

In our case, for example, Central Huijin Investment and China's Ministry of Finance each hold more than 30 percent of ICBC shares.

Investments in Industrial and Commercial Bank of China and Bank of China made up $3bn of last year's total.

In addition to record-holder ICBC, Bank of China's $11. 2 billion offering in 2006 earns the No. 6 spot.

In contrast, the number of employees of ICBC reached to 390, 000 by the end of last year.