Chinese bank gets equity injection after CBL hit
Capital boost implies further provisioning on $33m loan.
The owners of Chinese bank ICBC have pumped an estimated $88 million of equity into their New Zealand subsidiary after it revealed a hit from its lending to insurer CBL.
Companies Office records show Beijing-based Industrial & Commercial Bank of China boosted its New Zealand unit’s shares by
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Tim Hunter
Fri, 06 Jul 2018
Fri, 06 Jul 2018
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Chinese bank gets equity injection after CBL hit
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