Last $4.99 HKD
Change Today -0.03 / -0.60%
Volume 214.3M
1398 On Other Exchanges
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As of 4:01 AM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

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

Open
$4.99
Previous Close
$5.02
Day High
$5.01
Day Low
$4.96
52 Week High
12/9/13 - $5.66
52 Week Low
03/20/14 - $4.33
Market Cap
1.6T
Average Volume 10 Days
241.8M
EPS TTM
$0.77
Shares Outstanding
86.8B
EX-Date
06/12/14
P/E TM
5.1x
Dividend
$0.26
Dividend Yield
6.52%
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.

442,706 Employees
Last Reported Date: 09/22/14
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

The Industrial and Commercial Bank of China Reports Earnings Results for the First Half Year Ended June 30, 2014

The Industrial and Commercial Bank of China reported earnings results for the first half year ended June 30, 2014. Net profit for the six months ending June 30, 2014 stood at CNY 148.10 billion ($24 billion), a 7.05% increase from CNY 138.35 billion from the same period last year. Net interest income for the bank was up 10% at CNY 237.61 billion, compared with CNY 215.89 billion. Basic earnings per share were at CNY 0.42 during the period, higher than the CNY 0.4 it realized in the same period of 2013. Operating revenue rose 8.7% year on year to CNY 316.85 billion. Operating profit was CNY 193.07 billion, compared to CNY 177.79 billion for the same period ended June 30, 2013. Profit before taxation was CNY 194.09 billion, compared to CNY 178.84 billion for the same period ended June 30, 2013. Weighted average return on net assets was 21.77%.

Chinese Commercial Banks May Sell Non-Performing Loans

China's four state-owned banks have initiated a plan to raise $73 billion by selling their assets, to cut down on their liabilities. Among the banks include Bank of China Limited (SEHK:3988), Agricultural Bank of China Limited (SEHK:1288), Industrial and Commercial Bank of China Limited (SEHK:1398) and China Construction Bank Corporation (SEHK:939), reported the Wall Street Journal. China has allowed five local governments to open asset-management companies in eastern and southern China to buy non-performing loans from local banks and thus help them in refreshing their balance sheets. JP Morgan Asset Management Asia Chief Market Strategist Tai Hui was quoted by the Walls Street Journal as saying, "They are setting up the pieces of the jigsaw for the financial system to be much less state dependent and more market driven."

Industrial and Commercial Bank of China Limited to Report First Half, 2014 Results on Aug 28, 2014

Industrial and Commercial Bank of China Limited announced that they will report first half, 2014 results on Aug 28, 2014

 

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Industry Analysis

1398

Industry Average

Valuation 1398 Industry Range
Price/Earnings 4.7x
Price/Sales 2.2x
Price/Book 0.9x
Price/Cash Flow 3.5x
TEV/Sales NM Not Meaningful
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