Arab Today, arab today icbc vice president promoted to president
Last Updated : GMT 18:21:20
Arab Today, arab today
Arab Today, arab today

ICBC vice president promoted to president

Arab Today, arab today

Arab Today, arab today ICBC vice president promoted to president

Beijing - XINHUA

China\'s biggest commercial lender, Industrial and Commercial Bank of China Ltd. (ICBC), announced Wednesday that its vice president, Yi Huiman, will replace Yang Kaisheng as president. Yi, 49, joined the bank in 1985 and worked at branches in Zhejiang, Jiangsu and Beijing before being nominated as vice president in 2008. Yi has impressed his colleagues being \"down-to-earth and low-key,\" an anonymous source told Xinhua. A date has not yet been announced when Yi will take up his new role. Yang, 64, will leave his post as president after almost eight years. During his tenure, the lender was listed. The new president faces challenges to lead the bank, which has 18 trillion yuan (2.91 trillion U.S. dollars) of assets. Facing circumstances of accelerated interest marketization and downward pressure for the Chinese economy, banks can no longer capitalize hugely on margins in interest rates. In its 2012 annual report, however, net income from interest grew 15.2 percent year on year, while the proceeds from non-interest business climbed 5.9 percent, indicating profits from interest still took a lion share of the bank\'s total revenues. At the same time, the year-on-year growth rate of the lender\'s net profits slowed to 14.5 percent in 2012 from 25.6 percent in 2011. ICBC has been a pioneer in business scale and service standards, and will retain its prudent style after Yi takes his post, said Guo Tianyong, a professor at the Central University of Finance and Economics. Shares of ICBC dropped 0.95 percent to 4.16 yuan per share in Shanghai, but went up 0.81 percent to 5.53 yuan per share in Hong Kong on Wednesday. Temasek Holdings boosted its stake in ICBC from 6.71 to 7.04 percent on Tuesday in Hong Kong, following on the same day Goldman Sachs Group Inc\'s sale of its remaining 1.1 billion U.S. dollars of Hong Kong-traded ICBC shares, according to Reuters.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today icbc vice president promoted to president Arab Today, arab today icbc vice president promoted to president

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today icbc vice president promoted to president Arab Today, arab today icbc vice president promoted to president

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday