Industrial and Commercial Bank of China (ICBC)
Industrial and Commercial Bank of China (ICBC)
Industrial and Commercial Bank of China (ICBC) was established on 1 January 1984. On 28 October 2005, the Bank was wholly restructured to a joint-stock limited company. On 27 October 2006, the Bank was successfully listed on both Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited.
Glob.Revenue, mln.USD
118468
The Company Statement
September 03, 2023
Curtail Russian access to capital markets. There are four banks with Chinese capital operating in Russia. The two largest Russian banks owned by Chinese credit organizations are Bank of China (101.5 billion rubles of assets as of January 1, 2022) and ICSIB Bank (93.8 billion rubles of assets). They belong to the largest financial groups of the PRC — Bank of China and Industrial and Commercial Bank of China (ICBC), respectively. Their Russian "daughters" increased their assets several times in 2022, and the profit - tens of times. The Central Bank has set individual values for capital adequacy ratios for two Chinese banks, which are 1.5-3 percentage points lower than the minimum required in the Russian Federation.
| July 23, 2024 | Moscow Exchange Changes Clearing Bank for Chinese Yuan Settlements |
| May 13, 2024 | A number of banks under the control of non-residents accrued dividends in 2023 |
| April 17, 2024 | System block: four more large banks in China have stopped accepting yuan from the Russian Federation |
| April 12, 2024 | Variable situation: banks in China are introducing new conditions for payments from the Russian Federation |
| September 04, 2023 | FT: China’s share in the Russian banking sector has quadrupled since the beginning of the war |
| August 14, 2023 | The Central Bank has found a special approach to Chinese banks |
| August 02, 2023 | Direct transfers to China in Bank "Primorye" |
| August 02, 2023 | Direct transfers to China in Bank "Primorye" |
| July 12, 2023 | Chinese subsidiaries in Russia sharply increased lending to banks during the crisis Their share in this market increased almost fivefold |
| April 17, 2023 | Chinese spurt: major banks from China have dramatically increased their business in Russia |
| February 01, 2023 | China, Turkey and UAE do not want to work with sub-sanctioned Russian banks - Vice President of Rosbank |
| February 28, 2022 | Asian banks equip amid Russia-Ukraine crisis; New sanctions on Russian banks |
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