MIRA
INFORM REPORT
|
Report Date : |
11.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
INDUSTRIAL AND COMMERCIAL BANK OF CHINA |
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Registered Office : |
No. 55 Fuxingmennei Avenue, Xicheng
District Beijing, 100140 |
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Country : |
China |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
01.01.1984 |
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Legal Form : |
Public Parent |
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Line of Business : |
Subject is involved in the provision of banking and
related financial services. |
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No. of Employees : |
427,356 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
China |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
CHINA - ECONOMIC OVERVIEW
Since the late 1970s China has moved from a closed,
centrally planned system to a more market-oriented one that plays a major
global role - in 2010 China became the world's largest exporter. Reforms began
with the phasing out of collectivized agriculture, and expanded to include the
gradual liberalization of prices, fiscal decentralization, increased autonomy
for state enterprises, creation of a diversified banking system, development of
stock markets, rapid growth of the private sector, and opening to foreign trade
and investment. China has implemented reforms in a gradualist fashion. In
recent years, China has renewed its support for state-owned enterprises in
sectors it considers important to "economic security," explicitly
looking to foster globally competitive national champions. After keeping its
currency tightly linked to the US dollar for years, in July 2005 China revalued
its currency by 2.1% against the US dollar and moved to an exchange rate system
that references a basket of currencies. From mid 2005 to late 2008 cumulative
appreciation of the renminbi against the US dollar was more than 20%, but the
exchange rate remained virtually pegged to the dollar from the onset of the
global financial crisis until June 2010, when Beijing allowed resumption of a
gradual appreciation. The restructuring of the economy and resulting efficiency
gains have contributed to a more than tenfold increase in GDP since 1978.
Measured on a purchasing power parity (PPP) basis that adjusts for price differences,
China in 2012 stood as the second-largest economy in the world after the US,
having surpassed Japan in 2001. The dollar values of China's agricultural and
industrial output each exceed those of the US; China is second to the US in the
value of services it produces. Still, per capita income is below the world
average. The Chinese government faces numerous economic challenges, including:
(a) reducing its high domestic savings rate and correspondingly low domestic
demand; (b) sustaining adequate job growth for tens of millions of migrants and
new entrants to the work force; (c) reducing corruption and other economic
crimes; and (d) containing environmental damage and social strife related to
the economy's rapid transformation. Economic development has progressed further
in coastal provinces than in the interior, and by 2011 more than 250 million
migrant workers and their dependents had relocated to urban areas to find work.
One consequence of population control policy is that China is now one of the most
rapidly aging countries in the world. Deterioration in the environment -
notably air pollution, soil erosion, and the steady fall of the water table,
especially in the North - is another long-term problem. China continues to lose
arable land because of erosion and economic development. The Chinese government
is seeking to add energy production capacity from sources other than coal and
oil, focusing on nuclear and alternative energy development. In 2010-11, China
faced high inflation resulting largely from its credit-fueled stimulus program.
Some tightening measures appear to have controlled inflation, but GDP growth
consequently slowed to under 8% for 2012. An economic slowdown in Europe
contributed to China's, and is expected to further drag Chinese growth in 2013.
Debt overhang from the stimulus program, particularly among local governments,
and a property price bubble challenge policy makers currently. The government's
12th Five-Year Plan, adopted in March 2011, emphasizes continued economic
reforms and the need to increase domestic consumption in order to make the
economy less dependent on exports in the future. However, China has made only
marginal progress toward these rebalancing goals.
|
Source
: CIA |
Company name and address
INDUSTRIAL AND COMMERCIAL BANK OF CHINA
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Business
Description
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED (ICBC) is
involved in the provision of banking and related financial services. The Bank
provides personal banking services, including personal deposits, personal
loans, bank cards, credit cards, private banking, fund investment and personal
financing services; corporate banking services, including corporate deposits,
loans, international settlements, international financing, management of
corporate annuity, assets custody, investment banking and trade financing
services; electronic banking services, including online banking, telephone
banking and mobile phone banking services, among others, as well as
self-service banking business. The Bank also involves in provision of financial
consulting and charge agency services. On November 30, 2012, it acquired the
80% shares of Standard Bank Argentina S.A.., Standard Investments S.A. Sociedad
Gerente de Fondos Comunes de Inversion, and Inversora Diagonal Sociedad
Anonima, respectively. For the three months ended 31 March 2013, Industrial and
Commercial Bank of China interest income increased 6% to RMB184.3B. Net
interest income after loan loss provision increased 7% to RMB94.57B. Net income
increased 12% to RMB68.74B. Net interest income after loan loss provision
reflects increase in interest earning assets and decrease in interest bearing
liabilities.
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
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UK SIC 2003: |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
|
Name |
Title |
|
Secretary of the Board |
|
|
Chief Information Officer |
|
|
Deputy Head of the Bank |
|
|
Qu Zhang |
Deputy President |
|
Or Ching Fai |
Director |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
2 |
16-Jan-2013 |
||
|
1 |
20-Sep-2012 |
||
|
1 |
15-Nov-2012 |
||
|
1 |
Industrial
And Commercial Bank of China Ltd To Launch Crude Oil Investment
Product-Reuters |
15-Oct-2012 |
|
|
1 |
Industrial
And Commercial Bank of China Ltd Announces Result of Debt-to-equity Swap |
3-Apr-2013 |
* number of
significant developments within the last 12 months
News
|
Title |
Date |
|
Lands of eternal promise |
11-May-2013 |
|
Special report: International banking
- Emerging markets: Lands of eternal |
10-May-2013 |
|
Shanghai vice-mayor set for China
Investment Corp |
10-May-2013 |
|
Shanghai vice-mayor set for CIC |
10-May-2013 |
|
More Chinese state banks halt
transactions with N.Korea |
10-May-2013 |
|
China N Korea UPDATE1 |
10-May-2013 |
Financial Summary
As of 31-Dec-2012
|
Key Ratios |
Company |
Industry |
|
Debt to Equity (MRQ) |
1.77 |
|
|
Sales 5 Year Growth |
15.09 |
9.28 |
|
Net Profit Margin (TTM) % |
43.76 |
23.51 |
|
Return on Assets (TTM) % |
1.45 |
0.88 |
|
Return on Equity (TTM) % |
22.92 |
7.73 |
Stock Snapshot
Traded: Shanghai Stock Exchange: 601398
As of 26-Apr-2013
Financials in: CNY
|
Recent Price |
4.05 |
|
EPS |
0.67 |
|
52 Week High |
4.53 |
|
Price/Sales |
2.64 |
|
52 Week Low |
3.60 |
|
Dividend Rate |
0.20 |
|
Avg. Volume (mil) |
78.12 |
|
Price/Earnings |
6.08 |
|
Market Value (mil) |
1,437,719.00 |
|
Price/Book |
1.26 |
|
|
|
|
Beta |
0.68 |
|
|
Price % Change |
Rel S&P 500% |
|
4 Week |
0.0000% |
2.70% |
|
13 Week |
-4.26% |
0.73% |
|
52 Week |
-7.74% |
1.87% |
|
Year to Date |
-2.41% |
1.68% |
1 - Profit & Loss Item Exchange Rate: USD 1 = CNY 6.310555
2 - Balance Sheet Item Exchange Rate:
USD 1 = CNY 6.2357
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ANZSIC 2006 Codes: |
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|
6221 |
- |
Banking |
|
NACE 2002 Codes: |
||
|
6512 |
- |
Other monetary intermediation |
|
NAICS 2002 Codes: |
||
|
52211 |
- |
Commercial Banking |
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US SIC 1987: |
||
|
6029 |
- |
Commercial Banks, Not Elsewhere Classified |
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UK SIC 2003: |
||
|
65121 |
- |
Banks |
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UK SIC 2007: |
||
|
64191 |
- |
Banks |
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED (ICBC) is involved in the provision of banking and related financial services. The Bank provides personal banking services, including personal deposits, personal loans, bank cards, credit cards, private banking, fund investment and personal financing services; corporate banking services, including corporate deposits, loans, international settlements, international financing, management of corporate annuity, assets custody, investment banking and trade financing services; electronic banking services, including online banking, telephone banking and mobile phone banking services, among others, as well as self-service banking business. The Bank also involves in provision of financial consulting and charge agency services. On November 30, 2012, it acquired the 80% shares of Standard Bank Argentina S.A.., Standard Investments S.A. Sociedad Gerente de Fondos Comunes de Inversion, and Inversora Diagonal Sociedad Anonima, respectively. For the three months ended 31 March 2013, Industrial and Commercial Bank of China interest income increased 6% to RMB184.3B. Net interest income after loan loss provision increased 7% to RMB94.57B. Net income increased 12% to RMB68.74B. Net interest income after loan loss provision reflects increase in interest earning assets and decrease in interest bearing liabilities.
More Business Descriptions
Commercial banking
Banking Services
Industrial and Commercial Bank of China Limited provides financial banking services through its domestic and overseas branches. The bank provides a range of banking and financial services such as personal banking, corporate banking, e-banking and bank card. ICBC provides its products and services to 4.11million corporate clients and 282 million individual customers through 16,648 outlets across China, 239 foreign subsidiaries in across 33 countries and a worldwide network of more than 1,669 correspondents. The bank also cater its customers through Internet Banking, Telephone Banking and self-service banking. ICBC distributes its financial products and services through a network of branches and E-banking. The bank has offices in Mainland China that includes the head office, 5 branches directly controlled by head office and 26 banking offices of tier-1 branches, 31 tier-1 branches, 13,075 front line business outlets, 396 tier-2 branches, 3,076 tier-1 sub-branches, 34 institutions directly controlled by the head office and their branches and through four holding subsidiaries. The bank operates its business through four segments namely, Corporate Banking, Personal Banking, Treasury Operations, and Others. ICBC through its Corporate Banking segment provides financial products and services to corporations, government agencies and financial institutions. The key services of the segment include corporate loans, trade financing, deposit-taking activities, corporate deposit, financing lease, bill business, financing, trade finance and international settlement, asset custody, clearing and settlement, precious metals business, corporate e-banking, corporate annuity service, investment banking, financial products, corporate wealth management, institutional banking and small and medium enterprises. For the fiscal year ended 2011, the Corporate Banking segment reported an operating income of CNY249,684m, indicating a increase of 21.9% over CNY204,761m in 2010. The Corporate Banking segment accounted for 53.1% of the company's total operating income in 2011.The Personal Banking segment of ICBC deals with provision of financial products and services to individual customers. The products and services of the segment consists personal loans, deposit-taking activities, card business and personal wealth management services. The personal banking services include investment and financing, convenient banking, elite club account, deposit and personal e-banking business. The bank also offers credit card and debit card to individual customers. For the fiscal year ended 2011, the Personal Banking segment reported an operating income of CNY143,794m, indicating a increase of 28.8% over CNY111,620m in 2010. The Personal Banking segment accounted for 30.6 % of the company's total operating income in 2011.Treasury Operations segment of the company undertakes the group's treasury operations which comprises investment securities, money market transactions, holding derivative position and foreign exchange transactions. For the fiscal year ended 2011, the Treasury Operations segment reported an operating income of CNY72,281m, indicating a increase of 18.3% over CNY61,103m in 2010. The Treasury Operations segment accounted for 15.4 % of the company's total operating income in 2011.The Other segment include the operating results of its business units separately for the purpose of making decisions about resource allocation and performance assessment. The segment represents the assets, liabilities, income and expenses that are not directly attributable. For the fiscal year ended 2011, the Other segment reported an operating income of CNY4,842m, indicating a increase of 48.35% over CNY3,264m in 2010. The Other segment accounted for 1 % of the company's total operating income in 2011.Geographically, the company categorizes its operations into eight geographic regions namely Head Office, Yangtze River Delta, Pearl River Delta, Bohai Rim, Central China, Western China, Northeastern China and Overseas and others. For the fiscal year ended 2011, Yangtze River Delta segment’s operating income accounted for 21.07% of the total operating income of the company followed by Bohai Rim with 20.4%;Western China with 15.4%; Central China with 13.17%; Pearl River Delta with 13.8%, Head Office with 7.3%, North Eastern with 5.8% and overseas with 3%. The bank’s overseas subsidiaries include Industrial and Commercial Bank of China (Asia) Limited, ICBC International Holdings Limited, Industrial and Commercial Bank of China (Macau) Limited, Industrial and Commercial Bank of China (Malaysia) Berhad, ZAO Industrial Commercial Bank of China (Moscow), ICBC Credit Suisse Asset Management Co., Ltd., ICBC Financial Leasing Co., Ltd., PT. Bank ICBC Indonesia, among others.
Industrial and Commercial Bank of China Limited (ICBC) is a commercial bank, providing banking and financial services. The bank's key services include personal banking, corporate banking, e-Banking and bank cards. ICBC provides these services through its distribution network. The bank operates its business through four segments namely, Corporate banking, Personal banking, Treasury operations, and Others. ICBC operates through around 16,648 outlets. ICBC is headquartered at Beijing, China.The bank reported interest income of (Renminbi) CNY 589,580.00 million during the fiscal year ended December 2011, an increase of 27.40% over 2010. The net interest income after loan loss provision of the bank was CNY 331,643.00 million during the fiscal year 2011, an increase of 20.26% over 2010. The net profit of the bank was CNY 208,265.00 million during the fiscal year 2011, an increase of 26.10% over 2010.
Commercial Banking
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Quote Symbol: |
601398 |
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Exchange: |
Shanghai Stock Exchange |
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Currency: |
CNY |
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Stock Price: |
4.1 |
|
Stock Price Date: |
04-26-2013 |
|
52 Week Price Change %: |
-7.7 |
|
Market Value (mil): |
1,437,719,040.0 |
|
SEDOL: |
B1G2JY3 |
|
ISIN: |
CNE000001P37 |
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Equity and Dept Distribution: |
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|
IPO: 13B shs in issue, RMB1 par, Shanghai Stock Exchange on
10/27/2006 by China Securities Depository and Cleaning Corporation Limited.
Pre-IPO shares information are stated Pro Forma (including H shares). FY'07
I/S & C/F are CLA. FY'08 Q1 & Q3 C/F are CLA. FY'08 Q2 & Q4 B/S
were being CLA. FY'08 I/S were being CLA. |
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Company |
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Industrial and Commercial Bank of China (Malaysia) Berhad |
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Industrial and Commercial Bank of China (Almaty) JSC |
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Industrial and Commercial Bank of China Luxembourg SA |
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Bank ICBC Indonesia, PT |
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ZAO Industrial and Commercial Bank of China (Moscow) |
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Industrial and Commercial Bank of China (Asia) Limited |
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ICBC Credit Suisse Asset Management Co Ltd |
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ICBC International Holdings Limited |
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Industrial and Commercial Bank of China (London) Limited |
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Industrial and Commercial Bank of China (Macau) Limited |
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Zhejiang Pinghu ICBC Rural Bank Co Ltd |
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Chongqing Bishan ICBC Rural Bank Co Ltd |
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ICBC Financial Leasing Co Ltd |
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Industrial and Commercial Bank of China (Thai) PCL |
|
Industrial and Commercial Bank of China (Middle East)
Limited |
|
Industrial and Commercial Bank of China (Canada) |
|
Industrial and Commercial Bank of China Financial Services
LLC |
|
Percentage Owned |
Country |
|
100% |
MALAYSIA |
|
100% |
KAZAKHSTAN |
|
100% |
LUXEMBOURG |
|
97.5% |
INDONESIA |
|
100% |
RUSSIA |
|
100% |
HONG KONG SAR |
|
55% |
PEOPLE'S REPUBLIC OF CHINA |
|
100% |
HONG KONG SAR |
|
100% |
UK |
|
89.33% |
MACAU SAR |
|
60% |
PEOPLE'S REPUBLIC OF CHINA |
|
100% |
PEOPLE'S REPUBLIC OF CHINA |
|
100% |
PEOPLE'S REPUBLIC OF CHINA |
|
97% |
THAILAND |
|
100% |
UNITED ARAB EMIRATES |
|
70% |
CANADA |
|
100% |
USA |
|
Major Shareholders |
|
The Ministry of Finance (35.3%); Huijin (35.3%) |
|
Corporate Family
Corporate Structure News:
Total Corporate Family Members: 77
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Beijing |
China |
Commercial Banks |
86,432.0 |
427,356 |
|
|
Subsidiary |
|
Hong Kong |
Commercial Banks |
2,138.5 |
12,441 |
|
|
Subsidiary |
Kwun Tong, Kowloon |
Hong Kong |
Insurance (Life) |
134.6 |
200 |
|
|
Subsidiary |
Hong Kong, Kowloon |
Hong Kong |
Insurance (Life) |
|
200 |
|
|
Subsidiary |
Hong Kong |
Hong Kong |
Business Services |
|
200 |
|
|
Subsidiary |
Labuan |
Malaysia |
Business Services |
|
13 |
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Business Services |
|
8 |
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Kuala Lumpur |
Malaysia |
Business Services |
|
|
|
|
Subsidiary |
Beijing |
China |
Business Services |
|
|
|
|
Subsidiary |
Hong Kong |
Hong Kong |
Business Services |
|
|
|
|
Subsidiary |
Macau |
Macau |
Business Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Bandar Seri Begawan |
Brunei Darussalam |
Business Services |
|
|
|
|
Subsidiary |
Christ Church |
Barbados |
Business Services |
|
|
|
|
Subsidiary |
Jakarta |
Indonesia |
Business Services |
|
|
|
|
Subsidiary |
Singapore |
Singapore |
Business Services |
|
|
|
|
Subsidiary |
Singapore |
Singapore |
Security Systems and Services |
47.0 |
110 |
|
|
Subsidiary |
Central |
Hong Kong |
Investment Services |
|
80 |
|
|
Subsidiary |
Central District, Hong Kong |
Hong Kong |
Miscellaneous Financial Services |
|
42 |
|
|
Subsidiary |
Singapore |
Singapore |
Commercial Banks |
|
10 |
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Financial Services |
|
700 |
|
|
Subsidiary |
Kwun Tong, Kowloon |
Hong Kong |
Miscellaneous Financial Services |
7.2 |
|
|
|
Subsidiary |
Beijing |
China |
Commercial Banks |
|
|
|
|
Subsidiary |
Shanghai |
China |
Commercial Banks |
|
|
|
|
Subsidiary |
Tortola |
Virgin Islands (British) |
Commercial Banks |
|
|
|
|
Subsidiary |
Kwun Tong |
Hong Kong |
Commercial Banks |
|
|
|
|
Subsidiary |
Taipei |
Taiwan |
Commercial Banks |
|
|
|
|
Subsidiary |
Kowloon |
Hong Kong |
Real Estate Operations |
|
|
|
|
Subsidiary |
Central |
Hong Kong |
Commercial Banks |
|
|
|
|
Subsidiary |
Road Town, Tortola |
Virgin Islands (British) |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Wan Chai, Hong Kong |
Hong Kong |
Business Services |
|
270 |
|
|
Subsidiary |
Ciudad De Buenos Aires, Ciudad De Buenos Aires |
Argentina |
Commercial Banks |
472.4 |
3,422 |
|
|
Subsidiary |
Hong Kong |
Hong Kong |
Commercial Banks |
|
1,543 |
|
|
Subsidiary |
Shenzhen, Guangdong Province |
China |
Commercial Banks |
|
35 |
|
|
Subsidiary |
Central District, Hong Kong |
Hong Kong |
Commercial Banks |
|
|
|
|
Branch |
Yau Ma Tei, Kowloon |
Hong Kong |
Commercial Banks |
|
12 |
|
|
Branch |
Sham Shui Po, Kowloon |
Hong Kong |
Commercial Banks |
|
10 |
|
|
Branch |
Happy Valley, Hong Kong |
Hong Kong |
Commercial Banks |
|
7 |
|
|
Branch |
Wan Chai, Hong Kong |
Hong Kong |
Commercial Banks |
|
7 |
|
|
Subsidiary |
Central District, Hong Kong |
Hong Kong |
Investment Services |
|
7 |
|
|
Subsidiary |
Bangkok |
Thailand |
Commercial Banks |
|
700 |
|
|
Subsidiary |
Bangkok |
Thailand |
Insurance (Property and Casualty) |
|
60 |
|
|
Subsidiary |
Bangkok |
Thailand |
Real Estate Operations |
|
|
|
|
Subsidiary |
Hong Kong |
Hong Kong |
Investment Services |
|
100 |
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|
79 |
|
|
Subsidiary |
New York, NY |
United States |
Commercial Banks |
|
51 |
|
|
Branch |
Alhambra, CA |
United States |
Commercial Banks |
|
42 |
|
|
Subsidiary |
Kuala Lumpur |
Malaysia |
Commercial Banks |
13.4 |
50 |
|
|
Subsidiary |
Toronto, ON |
Canada |
Commercial Banks |
|
50 |
|
|
Branch |
Scarborough, ON |
Canada |
Commercial Banks |
|
13 |
|
|
Branch |
Markham, ON |
Canada |
Commercial Banks |
|
11 |
|
|
Subsidiary |
Richmond, BC |
Canada |
Commercial Banks |
|
11 |
|
|
Branch |
Vancouver, BC |
Canada |
Commercial Banks |
|
7 |
|
|
Branch |
Mississauga, ON |
Canada |
Commercial Banks |
|
6 |
|
|
Branch |
Jinan, Shandong |
China |
Commercial Banks |
|
50 |
|
|
Subsidiary |
Singapore |
Singapore |
Commercial Banks |
87.3 |
48 |
|
|
Subsidiary |
Luxembourg |
Luxembourg |
Commercial Banks |
3.6 |
45 |
|
|
Subsidiary |
Almaty |
Kazakhstan |
Consumer Financial Services |
|
40 |
|
|
Subsidiary |
Pinghu, Zhejiang |
China |
Commercial Banks |
|
30 |
|
|
Branch |
Chiyoda-Ku, Tokyo |
Japan |
Commercial Banks |
131.7 |
26 |
|
|
Industrial & Commercial Bank of
China Financial Services LLC |
Subsidiary |
New York, NY |
United States |
Commercial Banks |
|
10 |
|
Branch |
Tangshan, Hebei |
China |
Commercial Banks |
|
6 |
|
|
Subsidiary |
Jakarta Pusat |
Indonesia |
S&Ls/Savings Banks |
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Investment Services |
|
|
|
|
Subsidiary |
Macau |
Macau |
Commercial Banks |
|
|
|
|
Subsidiary |
Chongqing |
China |
Commercial Banks |
|
|
|
|
Subsidiary |
Buenos Aires |
Argentina |
Commercial Banks |
|
|
|
|
Subsidiary |
Beijing |
China |
Commercial Banks |
|
|
|
|
Industrial and Commercial Bank of
China (Middle East) Limited |
Subsidiary |
Dubai |
United Arab Emirates |
Commercial Banks |
|
|
Competitors Report
|
CompanyName |
Location |
Employees |
Ownership |
|
Agricultural Bank Of China Limited |
Beijing, China |
444,238 |
Public |
|
Bank of Beijing Co.,Ltd. |
Beijing, China |
8,259 |
Public |
|
Bank of China |
Beijing, China |
302,016 |
Public |
|
Bank of Communications Co., Ltd. |
Shanghai, China |
96,259 |
Public |
|
China Construction Bank Corporation |
Beijing, China |
329,338 |
Public |
|
China Construction Bank Corporation |
Beijing, China |
355,290 |
Public |
|
China Merchants Bank Co., Ltd |
Shenzhen, China |
59,340 |
Public |
|
Chong Hing Bank Limited |
, Hong Kong |
|
Public |
|
CITIC International Financial Holdings Ltd |
Hong Kong, Hong Kong |
1,615 |
Private |
|
Hang Seng Bank |
, Hong Kong |
9,680 |
Public |
|
HSBC Holdings plc |
London, United Kingdom |
260,591 |
Public |
|
Hua Xia Bank Co., Limited |
Beijing, China |
23,082 |
Public |
|
Shanghai Pudong Development Bank Co. Ltd |
Shanghai, China |
35,784 |
Public |
|
Sumitomo Mitsui Trust Holdings Inc |
Chiyoda-Ku, Japan |
20,462 |
Public |
|
The Bank of East Asia Limited |
, Hong Kong |
12,441 |
Public |
Board of Directors
|
|
|
||||||
|
Chairman of the Board, Executive Director |
Chairman |
||||||
|
||||||||
|
Chairman-Supervisory Board |
Chairman |
|
|||||
|
Vice Chairman of the Board, Head of the Bank, Executive
Director |
Vice-Chairman |
|
|||||
|
||||||||
|
Board Member |
Director/Board Member |
|
|||||
|
||||||||
|
Supervisory Board of Directors |
Director/Board Member |
|
|||||
|
Non-Executive Director |
Director/Board Member |
|
|||||
|
||||||||
|
Independent Non-Executive Director |
Director/Board Member |
|
|||||
|
||||||||
|
Non-Executive Director |
Director/Board Member |
|
|||||
|
||||||||
|
Independent Non-Executive Director |
Director/Board Member |
|
|||||
|
||||||||
|
Independent Non-Executive Director |
Director/Board Member |
|
|||||
|
||||||||
|
Board Member |
Director/Board Member |
|
|||||
|
Non-Executive Director |
Director/Board Member |
|
|||||
|
||||||||
|
Deputy Head of the Bank, Executive Director |
Director/Board Member |
|
|||||
|
||||||||
|
Independent Non-Executive Director |
Director/Board Member |
|
|||||
|
||||||||
|
Supervisory Board of Directors |
Director/Board Member |
|
|||||
|
Board Member |
Director/Board Member |
|
|||||
|
||||||||
|
Supervisory Board of Directors |
Director/Board Member |
|
|||||
|
Non-Executive Director |
Director/Board Member |
|
|||||
|
||||||||
|
Executive Director, Deputy Head of the Bank |
Director/Board Member |
|
|||||
|
||||||||
|
Non-Executive Director |
Director/Board Member |
|
|||||
|
||||||||
|
Board Member |
Director/Board Member |
|
|||||
|
Independent Non-Executive Director |
Director/Board Member |
|
|||||
|
||||||||
|
Non-Executive Director |
Director/Board Member |
|
|||||
|
||||||||
|
Supervisory Board of Directors |
Director/Board Member |
|
|||||
|
Independent Non-Executive Director |
Director/Board Member |
|
|||||
|
||||||||
|
Supervisory Board of Directors |
Director/Board Member |
|
|||||
Executives
|
|
|
||||||
|
Deputy President |
President |
||||||
|
Secretary of the Board |
Company Secretary |
||||||
|
||||||||
|
Chief Information Officer |
Information Executive |
|
|||||
|
||||||||
|
Director |
Other |
|
|||||
|
Deputy Head of the Bank |
Other |
|
|||||
|
||||||||
|
Deputy Head of the Bank |
Other |
|
|||||
|
||||||||
|
Chief Risk Officer |
Other |
|
|||||
|
||||||||
|
Deputy Head of the Bank |
Other |
|
|||||
|
||||||||
|
Deputy Head of the Bank |
Other |
|
|||||
|
||||||||
Industrial And
Commercial Bank of China Ltd Announces Result of Debt-to-equity Swap
Apr 03, 2013
Industrial And Commercial Bank of China Ltd announced that its RMB
2,413,456,000 worth of convertible bonds have been converted into 624,079,565 A
shares (0.18% of the Company's total shares), as of March 31, 2013. After the
conversion, the total number of shares is 349,642,625,392.
Industrial And
Commercial Bank of China Ltd Signs Share Subscription Agreement with Sinopac
Financial Holdings Co Ltd
Apr 03, 2013
Industrial And Commercial Bank of China Ltd (ICBC) announced that it has signed
a share subscription agreement with Sinopac Financial Holdings Co Ltd (Sinopac
Financial) on April 2, 2013. According to the agreement, ICBC will subscribe a
20% stake in Sinopac Financial for approximately NTD 23.5 billion (RMB 4.9
billion), or a 20% stake in Sinopac Financial's wholly owned subsidiary, Bank
SinoPac, for approximately NTD 18.7 billion (RMB 3.9 billion).
Industrial And
Commercial Bank of China Ltd Announces FY 2012 Dividend Payment
Mar 28, 2013
Industrial And Commercial Bank of China Ltd announced that it will pay a cash
dividend of RMB 2.39 per 10 shares (pre-tax) to shareholders for fiscal year
2012.
Goldman Sachs Group
Inc Sell $1 Billion Stake in Industrial and Commercial Bank of China Ltd-NYT
Jan 29, 2013
The New York Times reported that Goldman Sachs Group Inc is selling a $1
billion stake in Industrial and Commercial Bank of China. Under the terms of
the deal, Goldman will sell shares in the Chinese bank at HKD5.77 ($0.74 )
each. The exact number of shares has yet to be confirmed. The share sale
represents around a 3% discount to the bank's closing share price on January
28, 2013.
Commonwealth Bank of
Australia, Industrial and Commercial Bank of China Ltd And Others Eye
Rabobank's Indonesia Unit-Reuters
Jan 16, 2013
Reuters reported that Commonwealth Bank of Australia, Industrial And Commercial
Bank of China Ltd and Qatar National Bank SAQ are among the suitors expected to
submit preliminary bids to buy Rabobank's Indonesian unit in a $400 million
deal. First-round bids are due by the end of January, and some suitors are
already working with financial advisers to place indicative proposals. The
strong line-up for Rabobank's Indonesian business reflects foreign banks'
interest in increasing their presence in Southeast Asia's biggest economy,
where more than half the population of 240 million still do not have bank
accounts. Financial terms and conditions of the deal were not disclosed.
Industrial And
Commercial Bank of China Ltd Announces Completion Of Acquisition Of Controlling
Stake In Standard Bank Argentina
Dec 04, 2012
Industrial And Commercial Bank of China Ltd announced that in reference to the
announcements dated August 5, 2011 and November 12, 2012 issued by the Bank. On
August 5, 2011, the Bank entered into a memorandum of agreement in relation to
the purchase of 80% of the shares in each of Standard Bank Argentina S.A.,
Standard Investments S.A. Sociedad Gerente de Fondos Comunes de Inversi=n and
Inversora Diagonal Sociedad An=nima, together with Standard Bank Argentina and
Standard Investments, (the Target Companies) with Standard Bank London Holdings
Plc (now Standard Bank London Holdings Limited) (SBL) and Holding W-S De
Inversiones S.A. (together with SBL, the Sellers), and the Sellers' guarantors,
Standard Bank Group Limited, members of the Sielecki Family and members of the
Werthein Family. All the conditions precedent for the transaction have been
fulfi lled and the transaction was completed on November 30, 2012. After the
completion of the transaction, the parties will make a price adjustment to the
purchase price that the Bank paid on the closing date to refl ect the changes
to the net asset value of the Target Companies from December 31, 2010 to the
closing date. The final purchase price will be determined according to the
price adjustment and the purchase price will be less than USD650 million.
Industrial And
Commercial Bank of China Ltd Obtains Approval to Set up Saudi Arabia Branch and
Kuwait Branch
Nov 15, 2012
Industrial And Commercial Bank of China Ltd announced that it obtained the
approval from Central Bank of Saudi Arabia and Kuwait to set up branches in
Saudi Arabia and Kuwait.
Industrial And
Commercial Bank of China Ltd To Launch Crude Oil Investment Product-Reuters
Oct 15, 2012
Reuters reported that Industrial And Commercial Bank of China Ltd will launch a
financial product that gives clients exposure to oil markets by as early as the
end of this year.
Sberbank Rossii OAO
And Industrial and Commercial Bank of China Ltd Sign Agreement For
Partnership-Interfax
Sep 20, 2012
Intered that Sberbank Rossii OAO (Sberbank) and Industrial and Commercial Bank
of China Ltd (ICBC) have signed a partnership agreement. Sberbank's President
Mr. German Gref and ICBC's Vice Chairman Mr. Yang Kaisheng discussed issues
relating to both banks' current and future partnership. They noted the actual
areas of cooperation such as the financing of infrastructure projects in
Russia, development of discussions on import-export operations, a qualitative
increase in total payments in national currencies, operations on debt markets
and capital markets, operations with commodities, investment bank services, and
support for Sberbank's representative office in Beijing and ICBC's subsidiary
in Moscow.
Industrial and Commercial
Bank of China Issues Subordinated Bonds
Jun 14, 2012
Industrial and Commercial Bank of China announced that it has issued RMB 20
billion worth of subordinated bonds, with a term of 15 years and a coupon rate
of 4.99%.
Industrial and
Commercial Bank of China Announces FY 2011 Dividend Payment Date
Jun 07, 2012
Industrial and Commercial Bank of China announced that it will pay a cash
dividend of RMB 0.1827 per share (after tax) to shareholders of record on June
13, 2012. The Company's shares will be traded ex-dividend on June 14, 2012 and
the dividend will be paid on July 12, 2012.
NEWS
Annual Income Statement
|
Financials
in: USD (mil) Except
for share items (millions) and per share items (actual units) |
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate (Period
Average) |
6.310555 |
6.46438 |
6.768989 |
6.831007 |
6.950445 |
|
Auditor |
Ernst & Young LLP |
Ernst & Young LLP |
Ernst & Young LLP |
Ernst & Young LLP |
Ernst & Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Interest & Fees on Loans |
85,810.8 |
66,544.8 |
48,372.5 |
41,909.9 |
45,357.1 |
|
Interest & Dividends on
Investment Securities |
21,893.3 |
18,729.9 |
15,749.9 |
14,087.2 |
14,774.3 |
|
Fed Funds Sold/Securities Purch
under Resale Agrmnt |
6,618.4 |
5,929.7 |
4,242.6 |
3,419.8 |
3,256.5 |
|
Interest Income, Bank |
114,322.6 |
91,204.4 |
68,365.0 |
59,417.0 |
63,387.9 |
|
Interest on Deposit |
39,524.6 |
29,183.0 |
20,759.1 |
21,262.7 |
23,056.5 |
|
Interest on Other Borrowings |
1,700.0 |
828.7 |
442.0 |
262.0 |
178.5 |
|
Fed Funds Purch/Securities Sold
under Repurch Agrmnt |
6,887.0 |
5,075.4 |
2,290.3 |
1,906.2 |
2,308.2 |
|
Total Interest Expense |
48,111.6 |
35,087.0 |
23,491.4 |
23,431.0 |
25,543.3 |
|
Net Interest Income |
66,211.0 |
56,117.4 |
44,873.6 |
35,986.1 |
37,844.6 |
|
|
|
|
|
|
|
|
Loan Loss Provision |
5,347.4 |
4,814.2 |
4,134.7 |
3,399.1 |
7,989.1 |
|
Net Interest Income after Loan Loss Provision |
60,863.6 |
51,303.1 |
40,738.9 |
32,587.0 |
29,855.5 |
|
|
|
|
|
|
|
|
Fees & Commissions from
Operations |
18,363.0 |
16,873.5 |
11,524.3 |
8,643.2 |
6,720.6 |
|
Investment Securities Gains |
745.9 |
1,289.7 |
483.8 |
1,449.9 |
481.7 |
|
Unrealized Gains |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Revenue |
1,170.9 |
591.7 |
365.0 |
313.6 |
449.9 |
|
Non-Interest Income, Bank |
20,221.0 |
18,722.3 |
12,389.1 |
10,391.9 |
7,642.0 |
|
Foreign Currency Losses |
0.6 |
0.2 |
0.1 |
-0.2 |
-0.1 |
|
Other Expense |
-32,817.6 |
-28,117.2 |
-21,411.2 |
-18,312.8 |
-16,469.7 |
|
Non-Interest Expense, Bank |
-32,168.6 |
-27,900.6 |
-21,302.6 |
-18,495.2 |
-16,592.2 |
|
Income Before Tax |
48,916.0 |
42,124.8 |
31,825.4 |
24,483.7 |
20,905.3 |
|
|
|
|
|
|
|
|
Total Income Tax |
11,091.9 |
9,879.7 |
7,298.1 |
5,547.9 |
4,913.4 |
|
Income After Tax |
37,824.1 |
32,245.2 |
24,527.3 |
18,935.7 |
15,991.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-25.2 |
-27.8 |
-128.4 |
-109.9 |
-55.4 |
|
Net Income Before Extraord Items |
37,798.9 |
32,217.3 |
24,398.9 |
18,825.8 |
15,936.5 |
|
Net Income |
37,798.9 |
32,217.3 |
24,398.9 |
18,825.8 |
15,936.5 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
37,798.9 |
32,217.3 |
24,398.9 |
18,825.8 |
15,936.5 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
37,798.9 |
32,217.3 |
24,398.9 |
18,825.8 |
15,936.5 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
349,312.0 |
349,024.0 |
340,599.0 |
340,028.0 |
339,901.1 |
|
Basic EPS Excl Extraord Items |
0.11 |
0.09 |
0.07 |
0.06 |
0.05 |
|
Basic/Primary EPS Incl Extraord Items |
0.11 |
0.09 |
0.07 |
0.06 |
0.05 |
|
Dilution Adjustment |
- |
99.6 |
31.0 |
0.0 |
0.0 |
|
Diluted Net Income |
37,798.9 |
32,316.9 |
24,429.9 |
18,825.8 |
15,936.5 |
|
Diluted Weighted Average Shares |
355,327.0 |
355,257.0 |
342,607.0 |
340,028.0 |
339,901.1 |
|
Diluted EPS Excl Extraord Items |
0.11 |
0.09 |
0.07 |
0.06 |
0.05 |
|
Diluted EPS Incl Extraord Items |
0.11 |
0.09 |
0.07 |
0.06 |
0.05 |
|
Dividends per Share - Common Stock Primary Issue |
0.04 |
0.03 |
0.03 |
0.02 |
0.02 |
|
Dividends per Share - Common Stock Issue 2 |
0.04 |
0.03 |
0.03 |
0.02 |
0.02 |
|
Gross Dividends - Common Stock |
13,241.1 |
10,962.2 |
9,487.2 |
8,312.5 |
7,929.4 |
|
Depreciation, Supplemental |
1,947.2 |
1,735.4 |
1,491.4 |
1,323.8 |
1,124.4 |
|
Normalized Income Before Tax |
48,916.0 |
42,124.8 |
31,825.4 |
24,483.7 |
20,905.3 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
11,091.9 |
9,879.7 |
7,298.1 |
5,547.9 |
4,913.4 |
|
Normalized Income After Tax |
37,824.1 |
32,245.2 |
24,527.3 |
18,935.7 |
15,991.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
37,798.9 |
32,217.3 |
24,398.9 |
18,825.8 |
15,936.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.11 |
0.09 |
0.07 |
0.06 |
0.05 |
|
Diluted Normalized EPS |
0.11 |
0.09 |
0.07 |
0.06 |
0.05 |
|
Bank Total Revenue |
86,432.0 |
74,839.7 |
57,262.8 |
46,377.9 |
45,486.6 |
|
Current Tax - Domestic |
10,909.3 |
10,338.0 |
7,183.2 |
5,513.5 |
6,050.5 |
|
Current Tax - Foreign |
296.2 |
220.4 |
161.3 |
108.6 |
33.8 |
|
Current Tax - Total |
11,205.5 |
10,558.5 |
7,344.5 |
5,622.2 |
6,084.4 |
|
Deferred Tax - Total |
-45.0 |
-266.4 |
-130.7 |
-625.4 |
-1,228.6 |
|
Deferred Tax - Total |
-45.0 |
-266.4 |
-130.7 |
-625.4 |
-1,228.6 |
|
Other Tax |
-68.6 |
-412.4 |
84.4 |
551.2 |
57.6 |
|
Income Tax - Total |
11,091.9 |
9,879.7 |
7,298.1 |
5,547.9 |
4,913.4 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate |
6.2357 |
6.294 |
6.5897 |
6.827 |
6.823 |
|
Auditor |
Ernst & Young LLP |
Ernst & Young LLP |
Ernst & Young LLP |
Ernst & Young LLP |
Ernst & Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Due from Banks |
518,033.4 |
445,047.2 |
348,001.4 |
248,388.3 |
248,548.0 |
|
Fed Funds Sold/Securities Purch
Under Resale Agrmnt |
189,398.0 |
131,464.7 |
77,558.5 |
94,349.9 |
48,637.8 |
|
Trading Account Assets |
37,915.1 |
26,957.1 |
3,993.8 |
3,794.5 |
7,234.6 |
|
Securities
for Sale |
147,688.2 |
133,477.1 |
137,304.4 |
139,140.0 |
78,792.3 |
|
Total Investment Securities |
560,883.5 |
518,730.5 |
488,273.5 |
358,378.1 |
271,423.1 |
|
Other Earning Assets, Total |
788,196.5 |
677,152.4 |
569,825.8 |
456,522.5 |
327,295.6 |
|
Total Gross Loans |
1,411,821.0 |
1,237,511.4 |
1,030,472.7 |
839,113.2 |
670,085.6 |
|
Loan Loss Allowances |
-35,345.4 |
-30,962.5 |
-25,362.9 |
-21,305.4 |
-19,930.1 |
|
Net Loans |
1,376,475.6 |
1,206,548.9 |
1,005,109.8 |
817,807.8 |
650,155.5 |
|
Buildings |
17,099.3 |
15,575.3 |
13,882.7 |
12,410.7 |
11,588.3 |
|
Machinery/Equipment |
10,836.3 |
8,932.6 |
6,615.3 |
5,215.2 |
4,242.4 |
|
Construction
in Progress |
3,624.9 |
2,550.7 |
1,558.5 |
1,273.3 |
760.5 |
|
Property/Plant/Equipment - Gross |
31,560.5 |
27,058.6 |
22,056.5 |
18,899.2 |
16,591.2 |
|
Accumulated Depreciation |
-10,251.1 |
-8,580.7 |
-6,754.0 |
-5,230.1 |
-4,141.0 |
|
Property/Plant/Equipment - Net |
21,309.4 |
18,477.9 |
15,302.5 |
13,669.1 |
12,450.2 |
|
LT Investment - Affiliate
Companies |
5,337.7 |
5,203.4 |
6,119.4 |
5,313.9 |
4,165.5 |
|
Long Term Investments |
5,337.7 |
5,203.4 |
6,119.4 |
5,313.9 |
4,165.5 |
|
Deferred Income Tax - Long Term
Asset |
3,654.6 |
3,485.5 |
3,294.8 |
2,738.5 |
1,579.2 |
|
Other Long Term Assets, Total |
3,654.6 |
3,485.5 |
3,294.8 |
2,738.5 |
1,579.2 |
|
Other Assets |
100,184.1 |
103,072.3 |
94,718.7 |
181,801.7 |
185,917.9 |
|
Other Assets, Total |
100,184.1 |
103,072.3 |
94,718.7 |
181,801.7 |
185,917.9 |
|
Total Assets |
2,813,191.3 |
2,458,987.6 |
2,042,372.5 |
1,726,241.8 |
1,430,112.0 |
|
|
|
|
|
|
|
|
Accrued Expenses |
4,011.3 |
3,784.4 |
3,081.3 |
3,042.6 |
2,922.8 |
|
Interest Bearing Deposits |
2,187,871.4 |
1,948,080.6 |
1,691,360.3 |
1,431,269.5 |
1,205,253.7 |
|
Total Deposits |
2,187,871.4 |
1,948,080.6 |
1,691,360.3 |
1,431,269.5 |
1,205,253.7 |
|
Fed Funds Purch/Secs Sold under
Repurch Agrmnt |
276,745.5 |
245,892.0 |
171,926.0 |
151,998.5 |
95,398.2 |
|
Commercial Paper |
6,095.4 |
6,581.8 |
1,413.4 |
215.6 |
106.4 |
|
Total Short Term Borrowings |
282,840.9 |
252,473.8 |
173,339.5 |
152,214.1 |
95,504.6 |
|
Income Taxes Payable |
10,930.9 |
9,699.1 |
6,209.2 |
4,193.1 |
6,592.3 |
|
Other Current liabilities, Total |
10,930.9 |
9,699.1 |
6,209.2 |
4,193.1 |
6,592.3 |
|
Long Term Debt |
37,235.0 |
32,437.4 |
15,518.8 |
10,985.8 |
5,129.7 |
|
Total Long Term Debt |
37,235.0 |
32,437.4 |
15,518.8 |
10,985.8 |
5,129.7 |
|
Total Debt |
320,075.9 |
284,911.2 |
188,858.2 |
163,199.9 |
100,634.3 |
|
|
|
|
|
|
|
|
Minority Interest |
555.2 |
171.8 |
186.2 |
738.4 |
579.7 |
|
Other Liabilities |
109,334.3 |
60,332.1 |
28,175.3 |
25,088.3 |
25,724.9 |
|
Other Liabilities, Total |
109,334.3 |
60,332.1 |
28,175.3 |
25,088.3 |
25,724.9 |
|
Total Liabilities |
2,632,779.0 |
2,306,979.0 |
1,917,870.6 |
1,627,531.9 |
1,341,707.6 |
|
|
|
|
|
|
|
|
Common Stock |
56,067.5 |
55,463.0 |
52,964.3 |
48,926.2 |
48,954.9 |
|
Common Stock |
56,067.5 |
55,463.0 |
52,964.3 |
48,926.2 |
48,954.9 |
|
Additional Paid-In Capital |
20,611.0 |
20,081.8 |
18,638.2 |
14,963.5 |
16,482.6 |
|
Retained Earnings (Accumulated Deficit) |
105,790.0 |
78,178.4 |
52,811.2 |
35,101.4 |
24,351.6 |
|
Translation Adjustment |
-2,056.2 |
-1,714.6 |
88.2 |
-281.1 |
-1,384.7 |
|
Other Equity, Total |
-2,056.2 |
-1,714.6 |
88.2 |
-281.1 |
-1,384.7 |
|
Total Equity |
180,412.3 |
152,008.6 |
124,501.9 |
98,710.0 |
88,404.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
2,813,191.3 |
2,458,987.6 |
2,042,372.5 |
1,726,241.8 |
1,430,112.0 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock
Primary Issue |
262,824.7 |
262,289.2 |
262,224.5 |
255,381.8 |
255,381.8 |
|
Shares Outstanding - Common Stock
Issue 2 |
86,794.0 |
86,794.0 |
86,794.0 |
84,656.2 |
84,656.2 |
|
Total Common Shares Outstanding |
349,618.8 |
349,083.3 |
349,018.5 |
340,038.0 |
340,038.0 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Treasury Shares - Common Issue 2 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
427,356 |
408,859 |
397,339 |
389,827 |
385,609 |
|
Number of Common Shareholders |
940,158 |
997,402 |
1,202,744 |
1,239,824 |
1,662,308 |
|
Accumulated Intangible Amort, Suppl. |
1,283.9 |
1,042.7 |
829.6 |
- |
- |
|
Total Risk-Weighted Capital |
1,525.3 |
1,342.1 |
1,079.3 |
867.3 |
696.0 |
|
Tier 1 Capital % |
10.62% |
10.07% |
9.97% |
9.90% |
10.75% |
|
Total Capital % |
13.66% |
13.17% |
12.27% |
12.36% |
13.06% |
|
Total Operating Leases, Supplemental |
2,567.8 |
2,161.1 |
1,694.3 |
1,495.2 |
1,316.4 |
|
Operating Lease Payments Due in Year 1 |
668.1 |
574.7 |
433.9 |
376.4 |
314.5 |
|
Operating Lease Payments Due in Year 2 |
597.7 |
482.4 |
362.2 |
308.8 |
258.5 |
|
Operating Lease Payments Due in Year 3 |
468.4 |
374.8 |
289.8 |
248.0 |
204.9 |
|
Operating Lease Payments Due in Year 4 |
295.2 |
243.2 |
175.2 |
162.7 |
147.7 |
|
Operating Lease Payments Due in Year 5 |
295.2 |
243.2 |
175.2 |
162.7 |
147.7 |
|
Operating Lease Pymts. Due in 2-3 Years |
1,066.1 |
857.2 |
652.1 |
556.8 |
463.4 |
|
Operating Lease Pymts. Due in 4-5 Years |
590.5 |
486.5 |
350.4 |
325.3 |
295.5 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
243.1 |
242.8 |
258.0 |
236.7 |
243.0 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate (Period
Average) |
6.310555 |
6.46438 |
6.768989 |
6.831007 |
6.950445 |
|
Auditor |
Ernst & Young LLP |
Ernst & Young LLP |
Ernst & Young LLP |
Ernst & Young LLP |
Ernst & Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash Receipts |
130,594.5 |
105,068.2 |
77,954.8 |
67,070.2 |
67,888.3 |
|
Cash Payments |
-55,256.6 |
-45,873.2 |
-32,882.9 |
-33,154.0 |
-29,353.2 |
|
Cash Taxes Paid |
-15,862.8 |
-11,695.8 |
-8,959.1 |
-11,551.4 |
-8,402.9 |
|
Other Assets |
-235,442.2 |
-254,638.0 |
-207,102.6 |
-243,891.0 |
-122,965.8 |
|
Other Liabilities |
263,557.0 |
243,566.8 |
208,985.1 |
279,274.6 |
172,881.4 |
|
Other Operating Cash Flow |
-3,047.8 |
17,424.6 |
3,100.3 |
1,373.4 |
-26,682.5 |
|
Changes in Working Capital |
25,067.1 |
6,353.3 |
4,982.9 |
36,757.1 |
23,233.2 |
|
Cash from Operating Activities |
84,542.2 |
53,852.5 |
41,095.7 |
59,121.9 |
53,365.4 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-5,047.4 |
-3,541.9 |
-2,957.2 |
-2,969.5 |
-2,237.8 |
|
Capital Expenditures |
-5,047.4 |
-3,541.9 |
-2,957.2 |
-2,969.5 |
-2,237.8 |
|
Acquisition of Business |
-590.0 |
0.0 |
-432.7 |
0.0 |
-5,058.5 |
|
Sale of Business |
- |
0.0 |
-36.9 |
3.7 |
0.0 |
|
Sale of Fixed Assets |
201.4 |
197.7 |
98.4 |
206.0 |
74.8 |
|
Sale/Maturity of Investment |
152,954.7 |
208,732.2 |
271,886.8 |
145,279.6 |
162,212.3 |
|
Purchase of Investments |
-167,736.3 |
-214,360.4 |
-292,292.7 |
-228,279.8 |
-156,512.4 |
|
Other Investing Cash Flow |
144.8 |
196.2 |
158.2 |
79.6 |
93.8 |
|
Other Investing Cash Flow Items, Total |
-15,025.3 |
-5,234.4 |
-20,618.9 |
-82,710.9 |
810.0 |
|
Cash from Investing Activities |
-20,072.7 |
-8,776.2 |
-23,576.0 |
-85,680.5 |
-1,427.8 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-1,268.8 |
-553.5 |
-1,817.8 |
-171.9 |
-225.2 |
|
Financing Cash Flow Items |
-1,268.8 |
-553.5 |
-1,817.8 |
-171.9 |
-225.2 |
|
Cash Dividends Paid - Common |
-11,237.0 |
-9,934.4 |
-8,388.7 |
-8,068.1 |
-6,391.7 |
|
Total Cash Dividends Paid |
-11,237.0 |
-9,934.4 |
-8,388.7 |
-8,068.1 |
-6,391.7 |
|
Options Exercised |
- |
0.0 |
6,625.5 |
0.0 |
9.5 |
|
Issuance (Retirement) of Stock, Net |
- |
0.0 |
6,625.5 |
0.0 |
9.5 |
|
Long Term
Debt Issued |
4,696.9 |
16,057.7 |
7,428.9 |
5,855.7 |
- |
|
Long Term
Debt Reduction |
- |
0.0 |
-3,250.1 |
- |
- |
|
Long Term Debt, Net |
4,696.9 |
16,057.7 |
4,178.8 |
5,855.7 |
- |
|
Issuance (Retirement) of Debt, Net |
4,696.9 |
16,057.7 |
4,178.8 |
5,855.7 |
- |
|
Cash from Financing Activities |
-7,809.0 |
5,569.8 |
597.7 |
-2,384.3 |
-6,607.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-668.7 |
-1,246.5 |
-451.9 |
-27.5 |
-1,361.2 |
|
Net Change in Cash |
55,991.7 |
49,399.5 |
17,665.4 |
-28,970.4 |
43,969.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
134,426.8 |
81,828.6 |
60,480.8 |
88,902.1 |
43,405.4 |
|
Net Cash - Ending Balance |
190,418.6 |
131,228.1 |
78,146.2 |
59,931.7 |
87,374.4 |
|
Depreciation |
1,947.2 |
1,735.4 |
1,491.4 |
1,323.8 |
1,124.4 |
Annual
Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate (Period
Average) |
6.310555 |
6.46438 |
6.768989 |
6.831007 |
6.950445 |
|
Auditor |
Ernst & Young LLP |
Ernst & Young LLP |
Ernst & Young LLP |
Ernst & Young LLP |
Ernst & Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Interest Income from Loans and
Advance |
82,378.2 |
64,412.7 |
46,702.1 |
40,570.7 |
44,184.7 |
|
Interest Income from Securities |
21,893.3 |
18,729.9 |
15,749.9 |
14,087.2 |
14,774.3 |
|
Interest Income from Central Bank |
6,618.4 |
5,929.7 |
4,242.6 |
3,419.8 |
3,256.5 |
|
Interest Income from Inter-Bank
Deposits |
3,432.7 |
2,132.1 |
1,670.4 |
1,339.2 |
1,172.4 |
|
Total Revenue |
114,322.6 |
91,204.4 |
68,365.0 |
59,417.0 |
63,387.9 |
|
|
|
|
|
|
|
|
Interest Expense from Deposits |
39,524.6 |
29,183.0 |
20,759.1 |
21,262.7 |
23,056.5 |
|
Interest Expense from Inter-Bank
Deposit |
6,887.0 |
5,075.4 |
2,290.3 |
1,906.2 |
2,308.2 |
|
Interest Expense from Subordinated
Bond |
1,700.0 |
828.7 |
442.0 |
262.0 |
178.5 |
|
Loan Loss Provision |
5,347.4 |
4,814.2 |
4,134.7 |
3,399.1 |
7,989.1 |
|
Total Operating Expense |
53,459.0 |
39,901.3 |
27,626.1 |
26,830.0 |
33,532.4 |
|
|
|
|
|
|
|
|
Fee & Commission Income |
18,363.0 |
16,873.5 |
11,524.3 |
8,643.2 |
6,720.6 |
|
Fee & Commission Expense |
-1,555.6 |
-1,164.4 |
-763.5 |
-570.2 |
-389.8 |
|
Investment Gain |
745.9 |
1,289.7 |
483.8 |
1,449.9 |
481.7 |
|
Gain on Fair Market Value |
-58.8 |
-32.6 |
16.0 |
-14.8 |
-10.2 |
|
Foreign Exchange Loss |
648.9 |
216.6 |
108.6 |
-182.4 |
-122.4 |
|
Other Operating Income, Net |
732.4 |
212.5 |
16.8 |
-10.4 |
42.2 |
|
Sales Tax and Surchage |
-5,556.7 |
-4,466.8 |
-3,173.9 |
-2,658.0 |
-2,699.8 |
|
Selling Expense |
-24,298.3 |
-21,595.0 |
-17,222.4 |
-14,888.4 |
-13,165.5 |
|
Other Operating Expense, Net |
-1,163.1 |
-714.7 |
-42.0 |
-55.8 |
-61.6 |
|
Non-Operating Income |
438.5 |
379.2 |
348.2 |
324.0 |
407.7 |
|
Non-Operating Expense |
-243.7 |
-176.4 |
-209.5 |
-140.4 |
-153.1 |
|
Total Non-Interest Revenue |
20,221.0 |
18,722.3 |
12,389.1 |
10,391.9 |
7,642.0 |
|
|
|
|
|
|
|
|
Total Non-Interest Expense |
-32,168.6 |
-27,900.6 |
-21,302.6 |
-18,495.2 |
-16,592.2 |
|
|
|
|
|
|
|
|
Net Income Before Taxes |
48,916.0 |
42,124.8 |
31,825.4 |
24,483.7 |
20,905.3 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
11,091.9 |
9,879.7 |
7,298.1 |
5,547.9 |
4,913.4 |
|
Net Income After Taxes |
37,824.1 |
32,245.2 |
24,527.3 |
18,935.7 |
15,991.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-25.2 |
-27.8 |
-128.4 |
-109.9 |
-55.4 |
|
Net Income Before Extra. Items |
37,798.9 |
32,217.3 |
24,398.9 |
18,825.8 |
15,936.5 |
|
Net Income |
37,798.9 |
32,217.3 |
24,398.9 |
18,825.8 |
15,936.5 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
37,798.9 |
32,217.3 |
24,398.9 |
18,825.8 |
15,936.5 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
37,798.9 |
32,217.3 |
24,398.9 |
18,825.8 |
15,936.5 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
349,312.0 |
349,024.0 |
340,599.0 |
340,028.0 |
339,901.1 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.11 |
0.09 |
0.07 |
0.06 |
0.05 |
|
Basic EPS Including ExtraOrdinary Items |
0.11 |
0.09 |
0.07 |
0.06 |
0.05 |
|
Dilution Adjustment |
- |
99.6 |
31.0 |
0.0 |
0.0 |
|
Diluted Net Income |
37,798.9 |
32,316.9 |
24,429.9 |
18,825.8 |
15,936.5 |
|
Diluted Weighted Average Shares |
355,327.0 |
355,257.0 |
342,607.0 |
340,028.0 |
339,901.1 |
|
Diluted EPS Excluding ExtraOrd Items |
0.11 |
0.09 |
0.07 |
0.06 |
0.05 |
|
Diluted EPS Including ExtraOrd Items |
0.11 |
0.09 |
0.07 |
0.06 |
0.05 |
|
DPS-A Share |
0.04 |
0.03 |
0.03 |
0.02 |
0.02 |
|
DPS-H Share |
0.04 |
0.03 |
0.03 |
0.02 |
0.02 |
|
Gross Dividends - Common Stock |
13,241.1 |
10,962.2 |
9,487.2 |
8,312.5 |
7,929.4 |
|
Normalized Income Before Taxes |
48,916.0 |
42,124.8 |
31,825.4 |
24,483.7 |
20,905.3 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
11,091.9 |
9,879.7 |
7,298.1 |
5,547.9 |
4,913.4 |
|
Normalized Income After Taxes |
37,824.1 |
32,245.2 |
24,527.3 |
18,935.7 |
15,991.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
37,798.9 |
32,217.3 |
24,398.9 |
18,825.8 |
15,936.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.11 |
0.09 |
0.07 |
0.06 |
0.05 |
|
Diluted Normalized EPS |
0.11 |
0.09 |
0.07 |
0.06 |
0.05 |
|
Depreciation |
1,947.2 |
1,735.4 |
1,491.4 |
1,323.8 |
1,124.4 |
|
Current Tax - Domestic |
10,909.3 |
10,338.0 |
7,183.2 |
5,513.5 |
6,050.5 |
|
Current Tax - Foreign |
296.2 |
220.4 |
161.3 |
108.6 |
33.8 |
|
Current Tax - Total |
11,205.5 |
10,558.5 |
7,344.5 |
5,622.2 |
6,084.4 |
|
Deferred Tax |
-45.0 |
-266.4 |
-130.7 |
-625.4 |
-1,228.6 |
|
Deferred Tax - Total |
-45.0 |
-266.4 |
-130.7 |
-625.4 |
-1,228.6 |
|
Other Tax |
-68.6 |
-412.4 |
84.4 |
551.2 |
57.6 |
|
Income Tax - Total |
11,091.9 |
9,879.7 |
7,298.1 |
5,547.9 |
4,913.4 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate |
6.2357 |
6.294 |
6.5897 |
6.827 |
6.823 |
|
Auditor |
Ernst & Young LLP |
Ernst & Young LLP |
Ernst & Young LLP |
Ernst & Young LLP |
Ernst & Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash |
12,197.5 |
9,555.9 |
7,424.3 |
5,689.5 |
5,866.2 |
|
Cash with Central Bank |
496,958.3 |
429,299.5 |
339,025.3 |
242,303.5 |
242,268.7 |
|
Inter-Bank Deposits |
66,061.1 |
50,442.6 |
27,913.6 |
23,054.8 |
6,092.8 |
|
Precious Metals |
8,877.6 |
6,191.8 |
1,551.8 |
395.3 |
413.2 |
|
Inter-Bank Loans |
36,004.5 |
25,503.0 |
9,851.4 |
11,411.5 |
18,583.0 |
|
Financial Assets at Fair Value |
35,548.7 |
24,183.0 |
1,970.7 |
2,951.1 |
4,930.5 |
|
Derivative Financial Assets |
2,366.4 |
2,774.1 |
2,023.2 |
843.4 |
2,304.1 |
|
Reverse Repurchase Agreements |
87,332.5 |
55,519.1 |
39,793.5 |
59,883.7 |
23,962.0 |
|
Gross Loans |
1,411,821.0 |
1,237,511.4 |
1,030,472.7 |
839,113.2 |
670,085.6 |
|
Allowance for Loan |
-35,345.4 |
-30,962.5 |
-25,362.9 |
-21,305.4 |
-19,930.1 |
|
Financial Assets for Sale |
147,688.2 |
133,477.1 |
137,304.4 |
139,140.0 |
78,792.3 |
|
Held-to-maturity Investment |
413,195.3 |
385,253.4 |
350,969.1 |
219,238.0 |
192,630.8 |
|
Accounts Receivables Investment |
58,488.2 |
79,250.7 |
76,134.9 |
165,867.7 |
170,419.0 |
|
Equity Investment |
5,337.7 |
5,203.4 |
6,119.4 |
5,313.9 |
4,165.5 |
|
Buildings and Structures |
17,099.3 |
15,575.3 |
13,882.7 |
12,410.7 |
11,588.3 |
|
Office Equipment and Computers |
8,303.5 |
7,294.6 |
6,029.4 |
4,772.8 |
4,005.0 |
|
Transportation Equipment |
2,532.8 |
1,638.1 |
585.9 |
442.4 |
237.4 |
|
Accumulated Depreciation |
-10,176.4 |
-8,499.8 |
-6,678.8 |
-5,165.5 |
-4,061.7 |
|
Provision for Impairment of Fixed
Assets |
-74.7 |
-80.9 |
-75.3 |
-64.6 |
-79.3 |
|
Construction In Progress |
3,624.9 |
2,550.7 |
1,558.5 |
1,273.3 |
760.5 |
|
Deferred Tax Assets |
3,654.6 |
3,485.5 |
3,294.8 |
2,738.5 |
1,579.2 |
|
Other Assets |
41,695.9 |
23,821.6 |
18,583.9 |
15,933.9 |
15,498.9 |
|
Total Assets |
2,813,191.3 |
2,458,987.6 |
2,042,372.5 |
1,726,241.8 |
1,430,112.0 |
|
|
|
|
|
|
|
|
Due to the Central Bank |
181.7 |
15.9 |
7.7 |
- |
- |
|
Inter-Bank Deposits |
197,672.0 |
173,418.2 |
139,971.3 |
136,371.8 |
86,854.3 |
|
Inter-Bank Call Loan |
40,762.4 |
39,688.0 |
19,065.1 |
10,344.8 |
7,862.7 |
|
Fin. Liab. at Fair Value |
51,276.0 |
27,323.3 |
1,012.2 |
2,318.9 |
1,734.4 |
|
Derivative Financial Liabilities |
2,126.6 |
2,004.6 |
1,603.1 |
1,138.6 |
1,995.0 |
|
Repurchase Agreements |
38,129.5 |
32,769.9 |
12,881.9 |
5,282.0 |
681.2 |
|
Certificate of Deposit & Notes
Payable |
6,095.4 |
6,581.8 |
1,413.4 |
215.6 |
106.4 |
|
Deposits |
2,187,871.4 |
1,948,080.6 |
1,691,360.3 |
1,431,269.5 |
1,205,253.7 |
|
Accrued Payroll/Welfare |
4,011.3 |
3,784.4 |
3,081.3 |
3,042.6 |
2,922.8 |
|
Tax Payable |
10,930.9 |
9,699.1 |
6,209.2 |
4,193.1 |
6,592.3 |
|
Deferred Tax |
88.5 |
16.4 |
48.3 |
26.1 |
2.3 |
|
Other Liabilities |
55,843.1 |
30,987.8 |
25,511.8 |
21,604.8 |
21,993.1 |
|
Subprime Bond Payable |
37,235.0 |
32,437.4 |
15,518.8 |
10,985.8 |
5,129.7 |
|
Total Long Term Debt |
37,235.0 |
32,437.4 |
15,518.8 |
10,985.8 |
5,129.7 |
|
|
|
|
|
|
|
|
Minority Interest |
555.2 |
171.8 |
186.2 |
738.4 |
579.7 |
|
Total Liabilities |
2,632,779.0 |
2,306,979.0 |
1,917,870.6 |
1,627,531.9 |
1,341,707.6 |
|
|
|
|
|
|
|
|
Capital Stock |
56,067.5 |
55,463.0 |
52,964.3 |
48,926.2 |
48,954.9 |
|
Capital Reserve |
20,611.0 |
20,081.8 |
18,638.2 |
14,963.5 |
16,482.6 |
|
Surplus Reserve |
15,726.1 |
11,824.0 |
8,161.5 |
5,490.6 |
3,612.8 |
|
Ordinary Reserve |
30,320.7 |
16,571.5 |
14,123.7 |
12,336.6 |
10,164.9 |
|
Retained Eearnings |
59,743.3 |
49,783.0 |
30,526.0 |
17,274.2 |
10,573.9 |
|
Foreign Currency Translation
Difference |
-2,056.2 |
-1,714.6 |
88.2 |
-281.1 |
-1,384.7 |
|
Total Equity |
180,412.3 |
152,008.6 |
124,501.9 |
98,710.0 |
88,404.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
2,813,191.3 |
2,458,987.6 |
2,042,372.5 |
1,726,241.8 |
1,430,112.0 |
|
|
|
|
|
|
|
|
S/O-A Share |
262,824.7 |
262,289.2 |
262,224.5 |
255,381.8 |
255,381.8 |
|
S/O-H Share |
86,794.0 |
86,794.0 |
86,794.0 |
84,656.2 |
84,656.2 |
|
Total Common Shares Outstanding |
349,618.8 |
349,083.3 |
349,018.5 |
340,038.0 |
340,038.0 |
|
T/S-A Share |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
T/S-H Share |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accumulated Intangible Amort, Suppl. |
1,259.0 |
1,017.8 |
805.0 |
- |
- |
|
Impairment of Assets |
24.9 |
24.9 |
24.6 |
- |
- |
|
Core Capital Adequacy Ratio |
10.62% |
10.07% |
9.97% |
9.90% |
10.75% |
|
Total Capital Adequacy Ratio |
13.66% |
13.17% |
12.27% |
12.36% |
13.06% |
|
Total Risk-Weighted Capital |
1,525.3 |
1,342.1 |
1,079.3 |
867.3 |
696.0 |
|
Full-Time Employees |
427,356 |
408,859 |
397,339 |
389,827 |
385,609 |
|
Number of Shareholders |
940,158 |
997,402 |
1,202,744 |
1,239,824 |
1,662,308 |
|
Operating Lease Maturing with 1 year |
668.1 |
574.7 |
433.9 |
376.4 |
314.5 |
|
Operating Lease Maturing with 2 years |
597.7 |
482.4 |
362.2 |
308.8 |
258.5 |
|
Operating Lease Maturing with 3 years |
468.4 |
374.8 |
289.8 |
248.0 |
204.9 |
|
Operating Lease Maturing with 5 years |
590.5 |
486.5 |
350.4 |
325.3 |
295.5 |
|
Operating Lease Maturing > 5 years |
243.1 |
242.8 |
258.0 |
236.7 |
243.0 |
|
Total Operating Leases, Supplemental |
2,567.8 |
2,161.1 |
1,694.3 |
1,495.2 |
1,316.4 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate (Period
Average) |
6.310555 |
6.46438 |
6.768989 |
6.831007 |
6.950445 |
|
Auditor |
Ernst & Young LLP |
Ernst & Young LLP |
Ernst & Young LLP |
Ernst & Young LLP |
Ernst & Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Loan Interest & Commission
Received |
130,594.5 |
105,068.2 |
77,954.8 |
67,070.2 |
67,888.3 |
|
Deposit Interest & Commission
Paid |
-55,256.6 |
-45,873.2 |
-32,882.9 |
-33,154.0 |
-29,353.2 |
|
Customer Deposite Received |
216,433.9 |
175,590.9 |
203,041.7 |
226,641.8 |
192,489.3 |
|
Cash Paid to Bank and Other Fin.
Inst. |
-8,062.0 |
-3,016.7 |
853.0 |
-9,200.8 |
-123.6 |
|
Cash Received from Bank &
Other Fin. Ins |
22,628.4 |
26,833.5 |
-1,208.5 |
49,546.6 |
-18,635.4 |
|
Inter-Bank Call Loan, Inflow |
934.8 |
16,352.4 |
8,498.0 |
2,491.1 |
- |
|
Repurchase Agreements Purchase,
Net |
-5,649.7 |
-207.9 |
38,143.4 |
-22,471.1 |
-8,073.6 |
|
Repurchase Agreements Selling, Net |
4,963.9 |
18,774.6 |
7,213.5 |
4,598.4 |
-27,168.8 |
|
Due to the Central Bank |
162.4 |
7.6 |
7.5 |
- |
- |
|
Debt Investment - Trading |
1,685.4 |
-3,167.4 |
1,315.6 |
1,903.8 |
946.7 |
|
Debt Investment at Fair Value |
- |
- |
- |
58.0 |
170.1 |
|
Financial Liab. at Fair Value |
23,397.5 |
24,782.4 |
-1,353.7 |
595.1 |
-972.5 |
|
Disposal of Repossessed Assets |
75.7 |
301.7 |
157.9 |
319.4 |
520.0 |
|
Investment Income from Bond Fair
Value |
235.5 |
877.0 |
14.2 |
96.2 |
281.6 |
|
Certificates of Deposit &
Notes Payable |
-614.8 |
5,110.8 |
1,205.5 |
- |
- |
|
Other Cash from Operating
Activities |
3,782.6 |
2,394.8 |
2,381.0 |
1,610.9 |
5,641.2 |
|
Customer Loan |
-160,143.1 |
-160,341.1 |
-158,301.0 |
-171,261.9 |
-77,840.3 |
|
Cash with Central Bank |
-28,482.6 |
-67,733.8 |
-87,849.9 |
-41,593.7 |
-37,740.3 |
|
Inter-Bank Loans |
-22,344.5 |
-2,708.4 |
-1,040.5 |
-1,421.5 |
2,109.2 |
|
Inter-Bank Call Loan, Outflow |
- |
- |
- |
0.0 |
-2,695.5 |
|
Trust Assets & Other
Payable-FV |
-12,681.1 |
-18,339.7 |
-237.3 |
- |
- |
|
Cash Taxes Paid |
-15,862.8 |
-11,695.8 |
-8,959.1 |
-11,551.4 |
-8,402.9 |
|
Other Cash Paid for Operating
Activities |
-11,255.1 |
-9,157.3 |
-7,857.6 |
-5,155.3 |
-5,674.9 |
|
Cash from Operating Activities |
84,542.2 |
53,852.5 |
41,095.7 |
59,121.9 |
53,365.4 |
|
|
|
|
|
|
|
|
Sale/Maturity/Redemption of Investment. |
152,954.7 |
208,732.2 |
271,886.8 |
145,279.6 |
162,212.3 |
|
Disposal of Operations |
- |
0.0 |
41.1 |
3.7 |
0.0 |
|
Purchase of Subsidiaries |
- |
0.0 |
-432.7 |
0.0 |
325.3 |
|
Disposal of Subsidiaries |
- |
0.0 |
-78.0 |
- |
- |
|
Cash from Dividend . |
144.8 |
196.2 |
158.2 |
79.6 |
93.8 |
|
Sale of Fixed Assets & Others |
201.4 |
197.7 |
98.4 |
206.0 |
74.8 |
|
Cash Paid for Debt Investments |
-167,733.3 |
-214,358.8 |
-292,173.3 |
-228,279.1 |
-156,255.9 |
|
Acquisition of Operations |
-590.0 |
- |
- |
0.0 |
-5,383.8 |
|
Cash Paid for Joint Venture |
-3.0 |
-1.5 |
-119.4 |
-0.7 |
- |
|
Purchase of Minority Interest |
- |
- |
- |
0.0 |
-256.5 |
|
Capital Expenditure |
-2,964.4 |
-1,764.3 |
-1,958.6 |
-1,908.5 |
-1,579.0 |
|
Construction In Process |
-2,083.0 |
-1,777.6 |
-998.5 |
-1,061.0 |
-658.8 |
|
Cash from Investing Activities |
-20,072.7 |
-8,776.2 |
-23,576.0 |
-85,680.5 |
-1,427.8 |
|
|
|
|
|
|
|
|
Issuance of Minority Shareholder
Option |
- |
0.0 |
6,625.5 |
0.0 |
9.5 |
|
Cash Received from Minority Inv. |
95.1 |
4.8 |
34.0 |
11.7 |
- |
|
Cash from Issuance of Convertible
Bonds |
- |
0.0 |
3,693.3 |
- |
- |
|
Cash from Issuance of Subprime Bonds |
3,169.3 |
13,845.1 |
3,735.6 |
5,855.7 |
- |
|
Cash from Issuance of other Bond
Certi |
1,527.6 |
2,212.6 |
- |
- |
- |
|
Repayment of Bonds |
- |
0.0 |
-3,250.1 |
- |
- |
|
Cash Paid for Minoroty Interest |
0.0 |
-50.7 |
-1,369.9 |
- |
- |
|
Cash Paid for Subprime Bond
Interest |
-1,357.4 |
-496.9 |
-383.7 |
-171.0 |
-178.4 |
|
Cash Paid for Dividend or Profit |
-11,237.0 |
-9,934.4 |
-8,388.7 |
-8,068.1 |
-6,391.7 |
|
Cash Paid for Dividend - Minority
Int. |
-6.5 |
-10.7 |
-45.5 |
-12.6 |
-46.8 |
|
Other Cash Paid for Financing
Activities |
- |
0.0 |
-52.7 |
- |
- |
|
Cash from Financing Activities |
-7,809.0 |
5,569.8 |
597.7 |
-2,384.3 |
-6,607.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-668.7 |
-1,246.5 |
-451.9 |
-27.5 |
-1,361.2 |
|
Net Change in Cash |
55,991.7 |
49,399.5 |
17,665.4 |
-28,970.4 |
43,969.0 |
|
|
|
|
|
|
|
|
Depreciation |
1,947.2 |
1,735.4 |
1,491.4 |
1,323.8 |
1,124.4 |
|
Beginning Cash Balance |
134,426.8 |
81,828.6 |
60,480.8 |
88,902.1 |
43,405.4 |
|
Ending Cash Balance |
190,418.6 |
131,228.1 |
78,146.2 |
59,931.7 |
87,374.4 |
Financial
Health
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
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Annual
Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.54 |
|
|
1 |
Rs.84.19 |
|
Euro |
1 |
Rs.71.11 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.