Industrial and Commercial Bank of China (ICBC)
The Industrial and Commercial Bank of China or ICBC is a joint stock limited company established on 1 January 1984. On 27 October 2006, the Bank was successfully listed on both Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited (Details from the ICBC official website's "About Us" page).
The ICBC was established by the Communist Party of China (CCP) to separate the function of the central bank, the People's Bank of China (PBC), from the industrial and commercial credit and savings business previously handled by the PBC.
ICBC Asia net profit rise 9.58% to $547.2m in H1
ICBC Asia net profit rise 9.58% to $547.2m in H1
Non-interest income rose by 67.01%, although fee and commissions declined.
Commentary
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