mortagesandforeclosures

by Zou cheaponsale

Beijing, April 27 Mar 27 China's Industrial and Commercial Bank of China advertised first quarter running effects present that the realization of the first quarter after-tax yield of ICBC 35.289 billion yuan, an advance of 6.03%. Earnings per share of 0.11 yuan, up 10%. At the matching time, the bank buyer bank deposits amid the world's apex economic banks.

Data showed that as at the end of the first quarter, ICBC customer deposits reached 9.1 trillion yuan, an increase over last year at the end of nearly 9,000 billion yuan, one goes beyond Europe and the United States and Japan, the banking industry as the world's first customer deposits of commercial banks. The first quarter, ICBC loans increased by 636.4 billion yuan the same period last year by 457.7 billion yuan more. From the investment loan, the active support of national key projects, in line with the national industrial policy in key industries and key enterprises.

In supplement, ICBC the first quarter of 396.5 billion yuan to boost financing for SMEs, accounting for all borrowings over the identical time span 61% of incremental, to competently rendezvous the economic desires of SMEs; the territory of the one-by-one classes of borrowings expanded by 52.5 billion yuan, up by 23.9 billion more to dynamically support the sensible to elaborate buyer demand for funds.

ICBC authorized said, as the cornerstone of adhering to the rank of clientele down payments and does not depend on market financing, the Bank was the economic urgent position is very stable. Even in the somewhat fast lend development this year, the bank's loan-deposit ratio is only 57.6%, with a solid base for sustainable long-term.

Operating effects in a continued and firm expansion, the bank's asset worth and risk organisation in addition has improved. As at the end of the first quarter, the bank carries on to realise the unquestionable allotment and fraction of non-performing advances of the "double down" non-performing advances at the end of last year to lessen the balance of 1.832 billion yuan; non-performing advance rate of 1.97 out of 100, the end of last year plunged 0. 32 percentage points; At the matching time, the bank's provision reporting carries on to get higher, at the end of the first quarter arrived at 132.02%, the end of last year to advance 1.87 percentage points.

In addition, ICBC has also maintained the middle of the business momentum of rapid growth. First quarter of this year the bank fees and commission income reached 13.5 billion yuan, an increase of 9.66%. RMB clearing business in which revenues increased 27.45%; the volume of credit card issuing 42,620,000, representing the beginning of new 3.57 million, spending a total of 93.6 billion yuan, an increase of 82%; electronic banking transactions amounted to 32 trillion yuan, accounting for all 44.5% of the volume of business, the beginning of the year to increase 1.4 percentage points.

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