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ICBC News

17 Feb 2018

Pakistan takes USD 500 million loan from China

Pakistan has contracted another foreign commercial loan of USD 500 million from the Industrial and Commercial Bank of China (ICBC) to shore up its depleting reserves.

Adani's Australian coal mine

04 Dec 2017

China's top two banks won't lend to Adani's Australian coal mine

Australian and overseas banks have balked at granting loans for the project, which environmentalists oppose due to climate change and the potential for damage to the Great Barrier Reef.

02 Dec 2015

ICBC to become Tata Group's strategic banking partner

ICBC will also create a global services team which will support Tata group's strategic development plans.

19 May 2015

Cashing out: Millions 'disappear from China bank accounts'

A businesswoman deposited the equivalent of almost USD 2 million at a branch of China's largest bank but only USD 20 remained after most of it was transferred without her authorisation, state media reported.

30 Oct 2014

China banks' bad loans surge, credit crunch could spread west

Bank of Communications Co Ltd (BoCom) and Industrial and Commercial Bank of China (ICBC) reported their biggest quarterly increase in bad loan levels in two years as China`s economic slowdown stretched more companies` ability to repay debts.

17 Sep 2014

IndiGo inks $2.6 bn aircraft finance deal with Chinese bank ICBC

Under pact with Indigo, Industrial and Commercial Bank of China Ltd (ICBC) will finance the no-frill airline's plans to purchase over 30 aircraft.

30 Jun 2014

Global bank profits hit $920 billion as Chinese lenders boom

China`s top banks accounted for almost one-third of a record $920 billion of profits made by the world`s top 1000 banks last year, showing their rise in power since the financial crisis, a survey showed on Monday.

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