Industrial & Commercial Bank of China (ICBC) says that it will continue to maintain its return on equity at 20%.

The bank's Chairman said that it will refrain from taking hasty steps to raise more money after its designed sale of nearly 25 billion Yuan in convertible bonds.

With regards to market value ICBC is the biggest lender. The bank registered an increase in profit in the fourth-quarter. This caused surge in lending and lower provisions against sour assets.

I. C. B. C., earned 28.6 billion renminbi, in the quarter through December in contrast to 18.1 billion renminbi last year.

According to analysts, this revenue is lesser that what was expected for a fourth-quarter profit. The expected earnings this year was 29.9 billion renminbi.

ICBC said it planned to trade bonds changeable into Shanghai-traded A shares. It also said that it is open to the idea of trading additional Hong Kong-listed H shares to refill its capital and support growth in following three years.

The Industrial and Commercial Bank of China also said it will abstain from additional fundraising activities for the next three years. This ensues after the bank reported a 58% rise in profit in the fourth quarter.