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ICBC gets green light to set up financial leasing unit

01 November 2007

Read more: ICBC

The Industrial and Commercial Bank of China (ICBC) has received approval from China Banking Regulatory Commission to set up a financial leasing unit, a new company wholly owned by ICBC with a capital base of Rmb2...

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Quote

"If a lessor cannot move an aircraft to growth areas, it affects a lessor's ability to remarket the aircraft and there is a case then to depreciate this asset quicker than expected"

Bertrand Grabowski, managing director and board of directors, DVB Bank

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