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    July 26, 2010 UBS reports second quarter 2010 net profit of CHF 2.005 billion.

    July 16, 2010 Citigroup Inc. reports second quarter 2010 net income of $2.7 billion.

    June 7, 2010 Russian Sberbank reports first quarter 2010 net income of RUB 43.5 billion (approx $1.45 billion).

    May 12, 2010 KBC Group reports first quarter 2010 net income of EUR 442 million.

    May 12, 2010 UniCredit Group reports first quarter 2010 net income of EUR 520 million.

    May 5, 2010 Societe Generale reports first quarter 2010 net income of EUR 1.06 billion.

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    Press Release :: Industrial and Commercial Bank of China (ICBC)

    ICBC was celebrated as the «Best Corporate Citizen 2009» during the «China's Corporate Citizenship Forum 2009 & 6th China's Best Corporate Citizenship Award Ceremony» organized by 21st Century Business Herald and 21st Century Business Review. This was the second year that ICBC received the Award.

    The survey on «China's Best Corporate Citizen» initiated by 21st Century News Group was the earliest poll conducted on «Corporate Citizen» in the country, and also one of the most influential corporate social responsibility awards in China. This year's review lasted for 6 months and covered all the companies and institutions in Mainland China. Out of them, the judging panel chose 500 candidate enterprises through rigorous analysis and screening. Under the principles of prudence, fairness and justice, the list of 30 winners was finalized by going through the Assessment Scheme of China's Best Corporate Citizen and this year's topical theme of «Learning-based Corporate Citizen». ICBC stayed ahead of all other companies and won the «Best Corporate Citizenship» Award.

    In terms of social responsibility, ICBC has raised its standard in information disclosure over the past few years. ICBC has gained wide recognition from mainstream media and the public on its corporate citizenship image, proven by many awards received as «People's Social Responsibility», «Best Corporate Social Responsibility» and «Most Harmoniously Competitive Listed Company of China», etc.

    Source: Industrial and Commercial Bank of China (ICBC)
    21.12.2009

    Financial News

    Best Banks in Central and Eastern Europe for 2009 - 14.05.2010
    The following are the «Best Banks in Central and Eastern Europe for 2009» according to rankings published by Global Finance magazine:
    Source: Global Finance
    Big banks slashed small business credit lines - 13.05.2010
    The biggest Wall Street banks slashed their small business loan portfolios by 9% between 2008 and 2009, more than double the rate at which they cut their overall lending, according to a government report released Thursday.
    Source: CNN Money
    European Union agrees on €750bn bailout fund for eurozone - 10.05.2010
    Crisis-hit Europe on Monday announced a monster rescue package running to 750 billion euros between euro countries and the IMF, sending the euro surging in Asian trade. Leaders hope an unprecedented international intervention, worth just shy of one trillion dollars, will represent a game-changing European financial war chest, which will also be backed by European Central Bank action to nudge debt and currency markets.
    Source: Financial News
    Debt crisis may hurt banks outside Greece - 06.05.2010
    Credit ratings agency Moody's Investor Service said the banking systems in Portugal, Italy, Spain, Ireland and Britain could all be hurt by a widening debt crisis.
    Source: Associated Press
    Bank of Russia cuts discount rate - a historic low for Russia - 04.05.2010
    The Bank of Russia slashed its discount rate by another 0.25 percent from April 30. Starting tomorrow, the rate will be 8 percent per annum - a historic low for Russia.
    Source: RBC



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