综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

ICBC reserves 30% cover for subprime assets

(Xinhua)
Updated: 2008-02-04 16:05

The Industrial and Commercial Bank of China (ICBC) said it is allocating a 30 percent risk reserve to cover possible losses in its subprime assets.

Jiang Jianqing, chairman of the country's largest commercial bank, said at a meeting over the weekend that in 2007 the ICBC held subprime assets of $1.2 billion.

He said the bank's subprime holdings remained stable but risk reserves had been increased in the fourth quarter after supervisory departments issued warnings on possible deterioration of the subprime crisis.

In its third quarter report, the ICBC said it held subprime mortgage bonds of $1.228 billion, for which it had allocated 429 million yuan ($61 million) in risk reserves.

Of all the major commercial banks, Bank of China (BOC) and the ICBC are believed to be the top two investors in the US subprime mortgage market.

In its half-year report, the BOC said it held subprime mortgage assets of $8.97 billion, of which 75.38 percent had AAA rating and 21.7 percent had AA rating. By the end of June, the BOC had allocated risk reserves of 1.15 billion yuan to cover possible losses from the subprime assets.


(For more biz stories, please visit Industry Updates)



罗甸县| 望谟县| 九台市| 喀什市| 新河县| 嘉善县| 荔波县| 新民市| 西丰县| 海门市| 湘阴县| 吴江市| 焦作市| 兴仁县| 隆安县| 甘泉县| 汉寿县| 逊克县| 金塔县| 昭通市| 通城县| 北辰区| 澳门| 蒙阴县| 井冈山市| 雅江县| 财经| 都江堰市| 仪陇县| 防城港市| 霍邱县| 甘泉县| 勃利县| 湘潭县| 阿勒泰市| 乌拉特前旗| 临潭县| 梅河口市| 寿宁县| 合江县| 祥云县|