Last $5.01 HKD
Change Today +0.03 / 0.60%
Volume 140.2M
1398 On Other Exchanges
Symbol
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Hong Kong
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As of 4:01 AM 07/14/14 All times are local (Market data is delayed by at least 15 minutes).

ind & comm bk of china-h (1398) Snapshot

Open
$5.01
Previous Close
$4.98
Day High
$5.04
Day Low
$4.99
52 Week High
12/9/13 - $5.66
52 Week Low
03/20/14 - $4.33
Market Cap
1.6T
Average Volume 10 Days
173.4M
EPS TTM
$0.76
Shares Outstanding
86.8B
EX-Date
06/12/14
P/E TM
5.3x
Dividend
$0.26
Dividend Yield
6.51%
Current Stock Chart for IND & COMM BK OF CHINA-H (1398)

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ind & comm bk of china-h (1398) Details

Industrial and Commercial Bank of China Limited provides various financial products and services worldwide. It operates through Corporate Banking, Personal Banking, Treasury Operations, and Others segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions. This segment’s products and services include corporate loans, trade financing, deposit-taking, corporate wealth management, custody activities, and corporate intermediary services. The Personal Banking segment provides personal loans and cards, deposit-taking, personal wealth management, and personal intermediary services to individual customers. The Treasury Operations segment is involved in the money market transactions, investment securities, and foreign exchange transactions, as well as holding of derivative positions. The Others segment offers insurance and leasing services. The company also offers e-banking services, including Internet, telephone, mobile, and self-service banking services. Its distribution network consists of approximately 17,245 domestic institutions and 329 overseas institutions, as well as approximately 1,903 correspondent banks. The company, formerly known as Industrial and Commercial Bank of China, was founded in 1984 and is based in Beijing, the People's Republic of China.

441,902 Employees
Last Reported Date: 03/27/14
Founded in 1984

ind & comm bk of china-h (1398) Top Compensated Officers

Vice Chairman, President, Member of Nominatio...
Total Annual Compensation: CNY800.0K
Executive Chairman and Chairman of Strategy C...
Total Annual Compensation: CNY879.0K
Executive Director and Member of Related Part...
Total Annual Compensation: CNY765.0K
Chairman of Board of Supervisors
Total Annual Compensation: CNY802.0K
Shareholder Supervisor
Total Annual Compensation: CNY727.0K
Compensation as of Fiscal Year 2013.

ind & comm bk of china-h (1398) Key Developments

Industrial and Commercial Bank of China Limited, Board Meeting, Jun 26, 2014

Industrial and Commercial Bank of China Limited, Board Meeting, Jun 26, 2014. Agenda: To discuss and approve the proposal of scheme for liquidation on remuneration for senior management members for 2013; to approve the proposal of scheme of liquidation on remuneration of directors and Supervisors in 2013; and to consider the proposal of adjusting chair of some special committees of directorate.

ICBC Eyes Middle East Acquisitions

Industrial and Commercial Bank of China Limited (SEHK:1398) said it will consider acquisitions in the Middle East as part of plans to boost earnings from the region by 50% this year. "We're looking to see if there are acquisition opportunities," Zhou Xiaodong, Chief Executive Officer for the Middle East, said in an interview from the lender's Dubai offices. "It's a good strategy. Part of the reason why ICBC grew so fast in Hong Kong is because of acquisitions."

Industrial & Commercial Bank of China Ltd to Open Branch Offices in Berlin, Hamburg

Industrial & Commercial Bank of China Ltd. will open branch offices in Berlin and Hamburg. ICBC, which already has an office in Frankfurt, will focus on commercial clients, especially on small and medium enterprises (SMEs). Germany and China agreed in March to cooperate in the clearing and settling of the Chinese currency renminbi in Frankfurt. Jianquing described the agreement as a milestone. There are currently four Chinese banks running branch offices in Germany. The first one was set up by Bank of China in 1989.

 

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1398:HK $5.01 HKD +0.03

1398 Competitors

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Company Last Change
Agricultural Bank of China Ltd CNY2.36 CNY +0.01
Banco Santander SA €7.47 EUR +0.034
Bank of America Corp $15.38 USD -0.06
Citigroup Inc $47.00 USD +0.10
JPMorgan Chase & Co $55.80 USD +0.24
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Industry Analysis

1398

Industry Average

Valuation 1398 Industry Range
Price/Earnings 4.5x
Price/Sales 2.1x
Price/Book 0.9x
Price/Cash Flow 3.4x
TEV/Sales NM Not Meaningful
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