A woman leaves a branch of the Industrial and Commercial Bank of China in Shanghai. (Photo: China Daily) Photo Gallery>>>

    BEIJING, Sept. 17 (Xinhua) -- The Industrial and Commercial Bank of China (ICBC) said both its mainland and overseas branches held a total of 151.8 million U.S. dollars in bonds of or related to the bankrupt U.S. investment bank Lehman Brothers.

    ICBC said it was considering to draw provisions for the said bonds.

    Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, filed for bankruptcy protection on Monday, a movewhich triggered large scale upheaval in the global financial market.

    ICBC directly had an exposure of 139 million U.S. dollars of advanced bonds, which would allow the lender to have priority in claiming over other bond and option holders in the bankruptcy of the issuer.

The exterior of the world headquarters for Lehman Brothers can be seen in New York, May 19, 2008. (Xinhua/Reuters Photo) Photo Gallery>>>

    The Macao-based Seng Heng Bank Limited, an ICBC subsidiary, held 12.81 million U.S. dollars worth of bonds related to a Lehman Brothers trust.

    The Lehman bankruptcy would not constitute a substantial impact on ICBC, the bank said, adding it would still keep monitoring market changes, evaluate the risk of the said bonds and draw equivalent write-down provisions according to prudence principle.

    The said bond investment accounted for 0.03 percent of ICBC's total bond portfolio and 0.01 percent of its total assets, if compared to the figures in its 2008 half-year report.

    ICBC shares in the domestic stock market sank by the daily limit of 10 percent to 3.42 yuan (50 U.S. cents) on Wednesday.

    The lender was not the only Chinese bank influenced. China Merchants Bank said earlier in the day in a stock exchange filing that it held 70 million U.S. dollars worth of bonds issued by Lehman. Its stock plunged 9.96 percent to finish at 14.47 yuan, its lowest since December 2006.

    Bank of China, which was reported to have extended 50 million U.S. dollars in credit to Lehman, slid 6.31 percent to 2.97 yuan.