Arab Today, arab today icbc vice president promoted to president
Last Updated : GMT 02:20:59
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.

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
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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