ICBC Registers a First-Half Investment Banking Revenue of over RMB 13 Billion

In the first half of this year, ICBC has secured more than 23,500 investment banking customers and a business revenue of RMB 13.16 billion, up 51.8% from the year-ago where the revenue from domestic investment banking business surged 48.9% year-on-year to RMB 12.38 billion.

During the first six months of this year, ICBC's investment banking business plays a dominate role in offering another alternative of obtaining funds for borrowers against the tightened supply of credit loan.

The Bank also concluded 32 transactions in the same period acting as the administrating bank and raised over RMB 10 billion through private placement for the borrowers, driving the year-on-year growth in revenue to nearly 7-fold. Meanwhile, ICBC has been successful in underwriting and offering business. The Bank has gained a dominate share of the market by underwriting corporate debt instruments to a tune of RMB 136.5 billion during the first six months of this year.

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