Last $0.66 USD
Change Today -0.03 / -4.35%
Volume 9.2K
IDCBF On Other Exchanges
Symbol
Exchange
Shanghai
Hong Kong
OTC US
OTC US
Frankfurt
As of 3:09 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

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

Open
$0.66
Previous Close
$0.69
Day High
$0.68
Day Low
$0.66
52 Week High
08/8/14 - $0.99
52 Week Low
03/20/14 - $0.55
Market Cap
208.6B
Average Volume 10 Days
25.8K
EPS TTM
--
Shares Outstanding
86.8B
EX-Date
06/12/14
P/E TM
--
Dividend
$0.26
Dividend Yield
6.38%
Current Stock Chart for IND & COMM BK OF CHINA-H (IDCBF)

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

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 Proposes Amendments to the Articles of Association

Industrial and Commercial Bank of China Limited announced that at its extraordinary general meeting to be held on September 19, 2014, the shareholders proposed the amendments to the Articles of Association.

Industrial and Commercial Bank of China Limited Inks Cooperative Agreement with Shenyin & Wanguo Securities Co., Ltd

Industrial and Commercial Bank of China Limited and Shenyin & Wanguo Securities Co., Ltd. (SWS) have inked cooperative agreement to make full use of bilateral resources to form synergy in serving domestic institutional customers, private banks and enterprises. Their cooperation will cover capital custody and settlement, asset management, investment banking, brokerage, funds and bankcards. Both sides are also working out serial plans to develop financial products and building high-end cooperative platforms.

 

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IDCBF Competitors

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Company Last Change
Agricultural Bank of China Ltd CNY2.45 CNY -0.01
Banco Santander SA €7.70 EUR +0.014
Bank of America Corp $16.20 USD -0.13
Citigroup Inc $51.86 USD -0.27
JPMorgan Chase & Co $59.59 USD -0.15
View Industry Companies
 

Industry Analysis

IDCBF

Industry Average

Valuation IDCBF Industry Range
Price/Earnings 4.6x
Price/Sales 2.2x
Price/Book 0.9x
Price/Cash Flow 3.5x
TEV/Sales NM Not Meaningful
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