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ICBC announces interim dividend, leadership changes, and financial results

August 29, 2025 at 05:50 PM UTCBy FilingReader AI

Industrial and Commercial Bank of China (ICBC) announced a 2025 interim cash dividend of RMB 0.1414 per common share (tax included), totaling approximately RMB 50.396 bn. This represents 30.0% of net profit attributable to parent company shareholders, based on 356,406,257,089 common shares. The plan awaits shareholder approval. The bank also reported a net profit attributable to parent company shareholders of RMB 168.103 bn for the first half of 2025.

In a related development, Mr. Duan Hongtao resigned from his positions as vice president, board secretary, and company secretary effective August 29, 2025, due to job changes. The board has approved the appointment of Mr. Yao Mingde as chief financial officer and Mr. Tian Fenglin as board secretary and company secretary, pending regulatory approvals.

ICBC's interim results highlight a 1.6% increase in operating income to RMB 427.092 bn. Key financial indicators show a common equity tier 1 capital adequacy ratio of 13.89%, a tier 1 capital adequacy ratio of 15.25%, and a total capital adequacy ratio of 19.54%. The bank's total assets reached RMB 52,317,931 m, a 7.2% increase from the end of last year.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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