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Bank of Communications Co Ltd (3328.HK)

3328.HK on Hong Kong Stock

6.28HKD
23 May 2018
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Latest Key Developments (Source: Significant Developments)

Commonwealth Bank Of Australia Says Sells Equity Interest In BoComm Life Insurance Co
Wednesday, 23 May 2018 

May 23 (Reuters) - Commonwealth Bank Of Australia ::SELLS 37.5% EQUITY INTEREST IN BOCOMM LIFE INSURANCE CO TO MITSUI SUMITOMO INSURANCE CO FOR RMB3.2 BILLION.DEAL EXPECTED TO RESULT IN AN INDICATIVE AFTER TAX GAIN ON SALE OF $450 MILLION.EXPECTED IMPACT TO COMMON EQUITY TIER 1 RATIO FROM TRANSACTIONS IS A NET INCREASE OF 13 BASIS POINTS.PRIOR TO TRANSACTION, BOCOMM LIFE TO UNDERTAKE CAPITAL INCREASE FOR WHICH CO'S PRO RATA CONTRIBUTION WILL BE RMB1.125 BILLION.RMB1.125 BILLION AMOUNT TO BE SEPARATELY REIMBURSED IN FULL BY MITSUI SUMITOMO INSURANCE ON DEAL'S COMPLETION.COMPLETION OF TRANSACTION WILL SATISFY SALE CONDITION OF CO'S LIFE INSURANCE BUSINESSES IN AUSTRALIA & NZ TO AIA GROUP.SALE OF BOCOMM LIFE STAKE'S COMPLETION SUBJECT TO CHINA BANKING AND INSURANCE REGULATORY COMMISSION'S REGULATORY APPROVAL PROCESS & OTHER CONDITIONS.  Full Article

Bank Of Communications Updates On Proposed Issuance Of A Share Convertible Corporate Bonds
Friday, 27 Apr 2018 

April 27 (Reuters) - Bank Of Communications Co Ltd <601328.SS>::THE TOTAL AMOUNT OF THE CONVERTIBLE BONDS PROPOSED TO BE ISSUED WILL BE NOT MORE THAN RMB60 BILLION.BOARD RESOLVED TO SEEK SHAREHOLDERS' APPROVAL FOR OBTAINING CB SPECIFIC MANDATE TO ISSUE CONVERTIBLE BONDS.BOARD ALSO RESOLVED TO SEEK SHAREHOLDERS' APPROVAL FOR PROPOSED ISSUANCE OF CONVERTIBLE BONDS.  Full Article

Bank Of Communications Co Posts FY Net Profit Attributable Of RMB 70,223 Million
Thursday, 29 Mar 2018 

March 29 (Reuters) - Bank Of Communications Co Ltd <601328.SS>::FY NET PROFIT ATTRIBUTABLE RMB 70,223 MILLION VERSUS RMB67,210 MILLION.AS AT DEC 31, 2017 CAPITAL ADEQUACY RATIO 14.00 PERCENT.FY NET INTEREST INCOME RMB ‍127,366 MILLION VERSUS RMB 134,871 MILLION​.BANK OF COMMUNICATIONS -FY NET INTEREST SPREAD & NET INTEREST MARGIN DECREASED BY 31 & 30 BASIS POINTS YOY BASIS TO 1.44% AND 1.58%, RESPECTIVELY.AS AT DEC 31, 2017 IMPAIRED LOAN RATIO 1.50 PERCENT.  Full Article

Banking Regulator Gives Bank Of Communications Approval For Financial Assets Investment Firm
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - Bank of Communications Co Ltd <601328.SS><3328.HK>::SAYS BANKING REGULATOR GIVES APPROVAL FOR ITS FINANCIAL ASSETS INVESTMENT FIRM WITH REGISTERED CAPITAL OF 10 BILLION YUAN ($1.53 billion) TO BEGIN OPERATIONS.  Full Article

Bank Of Communications Co Says CBRC Approved Unit's Commencement Of Operation
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - BANK OF COMMUNICATIONS CO LTD <3328.HK>::COMMENCEMENT OF OPERATION OF BOCOM FINANCIAL ASSET INVESTMENT CO HAS BEEN APPROVED BY CBRC.  Full Article

Orient International Enterprise Sells 7.7 Million Shares In Bank Of Communications
Tuesday, 26 Dec 2017 

Dec 26 (Reuters) - Orient International Enterprise Ltd <600278.SS>::SAYS IT SELLS 7.7 MILLION SHARES IN BANK OF COMMUNICATIONS Co Ltd .  Full Article

Bank Of Communications Says CBRC Approved Qualifications Of Independent Non-Executive Director​
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Bank Of Communications <3328.HK>::CHINA BANKING REGULATORY COMMISSION APPROVED QUALIFICATIONS OF RAYMOND WOO CHIN WAN AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR​.  Full Article

Bank Of Communications issues green financial bonds worth 20 bln yuan
Wednesday, 1 Nov 2017 

Nov 1(Reuters) - Bank Of Communications Co Ltd <601328.SS>:Says it issues green financial bonds worth 20 billion yuan, with term of 3 years and coupon rate of 4.29 percent ​.  Full Article

Bank of Communications' 9-mth net profit rmb ‍54,419​ mln vs rmb 52,578 mln
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Bank Of Communications Co Ltd <601328.SS>:9-mnth net profit rmb ‍54,419​ million versus rmb 52,578 million a year ago.As at sept 30 2017, capital adequacy ratio ‍13.98​ percent versus 14.02 percent as at dec 31 2016.9-mnth net interest income rmb ‍94,837​ million versus rmb100,764 million.As at sept 30, impaired loans ratio ‍1.51​ percent versus 1.52 percent as at dec 31, 2016.Jan-Sept ‍net interest margin of group decreased by 34 basis points on a year-on-year basis to 1.57%​.  Full Article

Bank of Communications ‍obtains approval on issuance of green financial bonds​
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Bank Of Communications Co Ltd <3328.HK>:‍Obtaining approval on issuance of green financial bonds​.‍Approved to issue green financial bonds with amount not exceeding RMB 20 billion in national inter-bank bond market of china​.  Full Article

BRIEF-Bank Of Communications Updates On Proposed Issuance Of A Share Convertible Corporate Bonds

* THE TOTAL AMOUNT OF THE CONVERTIBLE BONDS PROPOSED TO BE ISSUED WILL BE NOT MORE THAN RMB60 BILLION