INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Stock Code: 1398 USD Preference Shares Stock Code: 4603 EUR Preference Shares Stock Code: 4604 RMB Preference Shares Stock Code: 84602 ANNOUNCEMENTIndustrial and Commercial Bank of China Limited (the "Bank") is proactively preparing for the pilot implementation of non-performing assets securitization. As the disposing entity of non- performing loans (the "NPLs") in the non-performing assets securitization program, the Bank shall disclose data of NPLs and disposal of NPLs in previous years in relevant offering documents. Such data are hereby listed as follows for reference of investors.
Unit: RMB100 million (except for percentage data)
2013 | 2014 | 2015 | |
Balance of NPLs as at the beginning of the year | 745.75 | 936.89 | 1244.97 |
Principal of NPLs recovered | 783.15 | 1059.17 | 1752.49 |
Including: Recovery in cash | 342.59 | 406.70 | 707.08 |
Upgrading | 272.58 | 257.77 | 411.20 |
Write-off | 160.32 | 381.28 | 600.28 |
Repayment in kind | 7.66 | 13.42 | 33.93 |
Percentage of recovery in cash (principal) | 43.75% | 38.40% | 40.35% |
Percentage of upgrading (principal) | 34.81% | 24.34% | 23.46% |
Percentage of write-off (principal) | 20.47% | 36.00% | 34.25% |
Interest of NPLs recovered | 24.63 | 24.13 | 17.85 |
Recovery of previously written-off loans | 9.16 | 14.81 | 10.80 |
Notes:
In the table, the "Balance of NPLs as at the beginning of the year" represents the data at the Group level (the "Group" means Industrial and Commercial Bank of China Limited and its subsidiaries), while the rest represents the data at the domestic branches level.
In the table, "Recovery in cash" and "Write-off" include batches transferred data of cash recovery and write-off. The principal of batches transferred amount were RMB12.607 billion, RMB35.521 billion and RMB93.074 billion in the year of 2013, 2014 and 2015 respectively.
Beijing, PRC 30 August 2016
As at the date of this announcement, the board of directors comprises Mr. YI Huiman and Mr. ZHANG Hongli as executive directors, Ms. WANG Xiaoya, Ms. GE Rongrong, Mr. FU Zhongjun, Mr. ZHENG Fuqing, Mr. FEI Zhoulin and Mr. CHENG Fengchao as non-executive directors, Sir Malcolm Christopher McCARTHY, Mr. Kenneth Patrick CHUNG, Mr. OR Ching Fai, Mr. HONG Yongmiao, Mr. Anthony Francis NEOH and Mr. YANG Siu Shun as independent non-executive directors.
ICBC - Industrial and Commercial Bank of China Limited published this content on 31 August 2016 and is solely responsible for the information contained herein.
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