ICB Icb Fin

 
Basic earnings per share is calculated by dividing the net profit attributable 
to shareholders by the weighted average number of shares in issue, in the 6 
month period ended 30 June 2011 of 180,000,000 (2010: 180,000,000). 
 
There are no options or other instruments in issue that would dilute the 
earnings per share. 
 
4. Loans and Advances to Customers 
 
                                                  As at       As at 
                                              30-Jun-11   31-Dec-10 
                                                USD'000     USD'000 
 
Gross loans and advances                        991,221     987,577 
 
Less: Allowance for losses on loans and        (94,194)    (97,627) 
advances 
 
                                                897,027     889,950 
 
5. Deposits 
 
                                           As at               As at 
                                       30-Jun-11           31-Dec-10 
                                         USD'000             USD'000 
 
Current accounts                         156,865             175,172 
 
Saving accounts                          227,076             206,056 
 
Time deposits                            774,517             838,704 
 
Others                                    27,112              18,746 
 
                                       1,185,570           1,238,678 
 
6. Paid-Up Share Capital 
 
                                         No of Shares 
 
                              As at       As at       As at       As at 
                          30-Jun-11   31-Dec-10   30-Jun-11   31-Dec-10 
                               `000        `000     USD'000     USD'000 
 
As at 1 January/30 June     180,000     180,000     145,960     145,960 
 
 
7. Subsidiaries & Associates 
 
Details of subsidiaries & Associates are as follows: 
 
                                              % effective interest held 
 
                                   Country of     As at     As at      Principal 
                                Incorporation 30-Jun-11 31-Dec-10     Activities 
 
Name of subsidiaries 
 
International Commercial                                              Commercial 
Bank (Gambia) Ltd.                     Gambia     99.10     99.10           Bank 
 
International Commercial                                              Commercial 
Bank S. A.                             Guinea     97.00     97.00           Bank 
 
International Commercial                                              Commercial 
Bank (Sierra Leone) Ltd.         Sierra Leone     99.98     99.98           Bank 
 
International Commercial                                              Commercial 
Bank SH. A                            Albania    100.00    100.00           Bank 
 
International Commercial Bank      Mozambique                         Commercial 
(Mozambique) S.A.                                 99.99     99.99           Bank 
 
International Commercial                                              Commercial 
Bank Limited                            Ghana    100.00    100.00           Bank 
 
PT Bank ICB Bumiputra                                                 Commercial 
Tbk                                 Indonesia     69.90     69.90           Bank 
 
International Commercial                                              Commercial 
Bank (Djibouti) S.A.                 Djibouti     99.90     99.90           Bank 
 
ICB Global Management                                                  Providing 
Sdn. Bhd.                            Malaysia    100.00    100.00    Technical & 
                                                                      Management 
                                                                        Services 
 
ICB Islamic Bank Ltd               Bangladesh     50.10     50.10     Commercial 
                                                                            Bank 
 
International Commercial Bank            Laos    100.00    100.00     Commercial 
Laos Ltd                                                                    Bank 
 
International Commercial Bank          Malawi    100.00    100.00     Commercial 
Ltd - Malawi                                                                Bank 
 
International Commercial                                              Commercial 
Bank Zambia Limited                    Zambia    100.00    100.00           Bank 
 
7. Subsidiaries & Associates (Cont'd.) 
 
                                            %  effective interest held 
 
                           Country of      As at       As at         Principal 
                        Incorporation  30-Jun-11   31-Dec-10        Activities 
 
International 
Commercial 
Bank (Tanzania)              Tanzania      57.68       57.68        Commercial 
Limited                                                                  Bank 
 
 
 
Name of associates 
 
International Commercial                                            Commercial 
Bank Senegal S.A.             Senegal      20.00       20.00              Bank 
 
 
8. Significant Events 
 
On 3 June 2010, the Company announced that it had entered into a sale and 
purchase agreement ("SPA") to dispose of its entire equity interest in Islamic 
Bank Ltd ("ICBIB"), for a total cash consideration of BDT3.8 billion 
(equivalent USD55 million). The disposal completion is pending regulatory 
approval from Bank of Bangladesh. 
 
 
 
ICBFGH's AIM nominated adviser is RFC Corporate Finance Ltd. 
Contact Stephen Allen Tel: +61 8 9480 2500. 
 
 
 
END 
 

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