News for Industrial and Commercial Bank of China Limited (IDCBY)

BEIJING/SHANGHAI (Reuters) -China cut benchmark lending rates for the first time since October on Tuesday, while major state banks lowered deposit rates as authorities work to ease monetary policy to help buffer the economy from the impact of the Sino-U.S. trade war. The widely expected rate cuts are aimed at stimulating consumption and loan growth as the world's No. 2 economy softens, while still protecting commercial lenders' shrinking profit margins. Still, the size of the rate reductions was mild and reflected the incremental pace of monetary easing in recent years and what analysts interpreted as some wariness among policymakers for more aggressive steps while they navigate the trade war with the United States.

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PORT LOUIS, Republic of Mauritius, Feb. 19, 2025 /PRNewswire/ -- The Mauritius Commercial Bank Ltd successfully closed its first Dual Tranche Asia-focused Syndicated Term Loan of USD350m. Initially launched at USD300m, the facility was very well received and was oversubscribed two times from a total of 20 banks, allowing MCB to upsize the facility to USD350m subsequently. The proceeds of the Facility will be used by MCB for general corporate purposes.

ounce the successful signing of its 367-day $518.50 million and EUR 331.40 million Sustainable …

PR NewswireSHANGHAI, Nov. 22, 2024 SHANGHAI, Nov. 22, 2024 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU and HKEX: 6623), a leadin

SHANGHAI, Nov. 22, 2024 /PRNewswire/ -- Lufax Holding Ltd ('Lufax' or the 'Company') (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced that (i) Mr. Gregory Dean Gibb has retired from his roles as an executive director and the co-chief executive officer of the Company to dedicate more time to his personal matters, (ii) Mr. Yuqiang Huang has tendered his resignation as a non-executive director of the Company due to changes in his personal work arrangements, and (iii) Mr. Xudong Zhang has tendered his resignation as an independent non-executive director of the Company due to changes in his personal work arrangements. These changes took effect from November 22, 2024. The Company extends its sincere appreciation to Mr. Gibb, Mr. Huang and Mr. Zhang for their significant contributions during their respective tenures.

Earnings call: ICBC reports stable growth amid market challenges

Industrial and Commercial Bank of China Limited (OTCPK:IDCBY) Q3 2024 Earnings Conference Call October 30, 2024 5:30 AM ETCompany ParticipantsWang Liancheng...

China's big banks post Q3 profit gains, squeeze on net interest margins

Financial and Operating Highlights Net loss attributable to common stockholders of $0.21 per share for the third quarter of 2024 as compared to net loss...

BCI Minerals Ltd has achieved financial close on a Syndicated Facility Agreement worth $981 million for its Mardie project in WA

regarding the ruling issued by the Court of Appeal, in Case No. 2024/450/Appeal/Arbitrators’ …

Earnings call: ICBC maintains growth with steady interim results

Industrial and Commercial Bank of China Limited (OTCPK:IDCBY) Q2 2024 Earnings Conference Call August 30, 2024 6:30 AM ETCompany ParticipantsWang Liancheng...

China's top banks post lower second quarter profit as property sector weighs

Data deluge closes out rollercoaster month

Major Chinese banks cut deposit rates after reduction in lending rates

JPMorgan Japanese Investment Trust plc Invest in the Heart of a Changing Japan Half Year Report and Financial Statements for the six months...

S&P Global Market Intelligence Global Bank Ranking: Chinese Banks Maintain Dominance in 2023 Despite Economic Headwinds