Posts Tagged ‘bank’

Three major Chinese banks will establish a joint platform online

March 13th, 2010 | Tags: , , , ,
Three of the four major commercial banks in China are considering establishing a joint platform online to expand their operations in the financial sector to other sectors.
The Agricultural Bank of China (ABC), the Industrial and Commercial Bank ...

World Bank grant of 2.5 billion U.S. dollars in development projects in Nigeria

March 9th, 2010 | Tags: , , , ,
The World Bank will provide about 2.5 billion dollars in development projects in Nigeria for the current year, it was learned at a seminar held in Abuja over the weekend.
Bayo Owosumeni Specialist World Bank, said that his organization intended ...

China will establish an investment company currency in 2007

March 9th, 2010 | Tags: , , , ,
China plans to establish a state-owned foreign exchange investment in 2007, Shanghai Securities News reported Monday.
Zhou Xiaochuan, governor of the People’s Bank of China, which is the country’s central bank, has confirmed that Lou...

Jumped 32.7% of net profits of the Bank of Communications of China in 2006

January 11th, 2010 | Tags: , , , ,
Bank of Communications, the fifth largest lender in China, has achieved net profits of 12.27 billion yuan in 2006, an increase of 32.7% year on year.
The value of the bank’s assets totaled $ 1 710 billion yuan, up 20.8%, according to the l...

World Bank ready to help the DRC to implement the decentralization

January 5th, 2010 | Tags: , , , ,
The World Bank has decided to make available to the DRC a team to the implementation of decentralization in the country, said Monday in Kinshasa, a specialist financial institution in terms of decentralization, Piet Hein van Heesewijk, following an in...

The first village bank established in China

January 2nd, 2010 | Tags: , , , ,
The Huimin village bank in Yilong opened its strike the first of March in the town of Jincheng District Yilong, Sichuan Province. This is the first village bank established in response to the needs of rural development in China. This small bank with a...

Societe Generale will save banks of Chinese law in Beijing

January 2nd, 2010 | Tags: , , , ,
French bank Societe Generale (SG) will save banks of Chinese law in Beijing next week, sources said recently.
The bank will complete the registration within a few months.
The sources declined to give details.
After registration, the ...

The Bank of Communications of China will issue 25 billion yuan of subordinated bonds

December 15th, 2009 | Tags: , , , ,
Communications Bank of China announced Monday it would issue subordinated bonds worth 25 billion yuan (3.21 billion dollars) on the interbank market in the country.
bonds, lasting 10 or 15 years, will be issued from March 6 to 8 this year, accor...

The Central Bank will convert the currency into Chinese currency convertible

December 7th, 2009 | Tags: , , , ,
The deputy governor of the People’s Bank of China Yi Gang said that the 13 current renminbi is a solid currency. Our ultimate goal is to transform it into a convertible currency.
For now, the renminbi is not convertible on the project plan...

China: building the largest data bank of the world on the civil status of the Chinese population

December 5th, 2009 | Tags: , , , ,
Service Center for information on registration numbers of identity cards of citizens under the Chinese Ministry of Public Security (hereinafter called “Information Center”), has revealed that after five years of effort supported, data on m...