Related News
Chinese Bank Boosts Overseas Assets
By Zhang Dingmin |
February 3, 2009, Tuesday
|
Print Edition
Print Edition
THE Industrial and Commercial Bank of China said its overseas assets increased by 15 percent last year as the lender curbed losses tied to the global financial crisis.
Overseas units and branches had "limited" direct losses from the credit crisis that toppled Lehman Brothers Holdings Inc as they didn't invest in United States subprime mortgage-backed securities, the Beijing-based bank said yesterday.
International settlements surpassed US$750 billion for the first time last year, while trade finance loans topped US$50 billion, Bloomberg News reported.
Dubai-based ICBC (Middle East) Ltd, the first wholly owned unit set up in the Middle East by a Chinese bank, posted a profit for last year, the statement said, without being specific. The unit was set up on October 20.
Overseas units and branches had "limited" direct losses from the credit crisis that toppled Lehman Brothers Holdings Inc as they didn't invest in United States subprime mortgage-backed securities, the Beijing-based bank said yesterday.
International settlements surpassed US$750 billion for the first time last year, while trade finance loans topped US$50 billion, Bloomberg News reported.
Dubai-based ICBC (Middle East) Ltd, the first wholly owned unit set up in the Middle East by a Chinese bank, posted a profit for last year, the statement said, without being specific. The unit was set up on October 20.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
