Get full access to all features within our Corporate Solutions. Total Assets: 35171383: 33345058: 30109436 . | December 10, 2022 The data collected including the number visitors, the source where they have come from, and the pages viisted in an anonymous form. [67], Flora Xiao Huang, Horace Yeung (2019) Chinese Companies and the Hong Kong Stock Market, sub-heading 6.4.4, published by Routledge, 30 October 2013 ISBN1134671113, ISBN9781134671113, "ICBC" redirects here. Characteristics & Risks of Standardized Options. Industrial and Commercial Bank of China (ICBC) is China's largest bank. There are 7,467 employees in the company and 15,856 employees in overseas institutions.Source: ICBC 2021 Annual Reportstatic.sse.com.cn/disclosure/listedinfo/announcement/c/new/2022-04-28/601398_20220428_1_kL92HQsa.pdf. Industrial and Commercial Bank of China (ICBC) is among the largest commercial banks in China and among the largest banks in the world in terms of total assets and tier-one capital. We provide global clearing, execution and financing services in all major markets to a wide range of institutional clients. Source: ICBC 2021 Annual Reportstatic.sse.com.cn/disclosure/listedinfo/announcement/c/new/2022-04-28/601398_20220428_1_kL92HQsa.pdf. ICBC was Trump Tower's largest office tenant as of 2012. Fast Facts Number of employees: 440,000 During the 2013 Korean crisis, the Industrial and Commercial Bank of China halted business with a North Korean bank accused by the United States of financing Pyongyang's missile and nuclear programs. Given this, a Chinese company may not be the subject of sanctions, but one of its subsidiaries may be, thus making it difficult to accurately ascertain a company's full sanctions status. This cookie is set by linkedIn. Established in 1984, ICBC is one of China's four biggest state-owned commercial banks, alongside China Construction Bank . Source: ICBC 2020 Annual Reportv.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2021/2020AnnualReport.pdf. Date Name Dividend *yield Currency 2021 Industrial and Commercial Bank of China Ltd (A) 0.28 6.15 If possible, verify the text with references provided in the foreign-language article. It is one of China's "Big Four" state-owned One yuan equals approximately 0.15 U.S. dollars and 0.14 euros (as of May 2022). ICBC also maintains a small presence in South Africa. Total current assets can be defined as the sum of all assets that are classified as current because they will provide a benefit within one year. Groups that oppose the dam such as International Rivers and Survival International have complained about or have written to ICBC against the dam's funding. Industrial and Commercial Bank of China Authors: Lara Alkadmani Haitham Nobanee Abu Dhabi University Abstract Every country's development is dependent on the efficiency of the state's financial. Explore more features here. Just $1,000 / year. Industrial and Commercial Bank of China. Notable ICBC alumni include Chairman of CSRC Huiman Yi, and Deputy Governor of PBoC Gongsheng Pan. [31][32], On 24 January 2011, ICBC opened a branch office in Madrid, Spain.[33]. As of 2017, it employs over 1 million people worldwide . It also stores information about how the user uses the website for tracking and targeting. The purpose of the cookie is to map clicks to other events on the client's website. ChinaEdge is a one-of-a-kind knowledge graph thatintegrates knowledge and news on the political, legal, financial, and ethical risks of investing in China. ICBC Makes Progress While Improving Quality in Sta ICBC Makes a Good Start in the First Half of 2021 ICBC Successfully Underwrites Bills to Support Dev Industrial and Commercial Bank of China Industrial and Commercial Bank of China Limited (ICBC; simplified Industrial and Commercial Bank of China. Commercial Bank of China is one of the key financial institutions that operate in this said liquid financial environment. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. Meanwhile, ICBC's Shanghai-listed A-shares recorded more modest gains and ended up 5.1% from the offering price of RMB 3.12. Both on your website and other media. ET Industrial & Commercial Bank of China 1H Net CNY171.51B Vs. Please send an email to editors@supchina.com. To optimize ad relevance by collecting visitor data from multiple websites such as what pages have been loaded. Performance cookies are key in allowing web site screens and content to load quickly on all types of devices. Industrial and Commercial Bank of China Limited (ICBC; Chinese: ; pinyin: Zhnggu Gngshng Ynhng) is a Chinese multinational bank. Currently, you are using a shared account. This cookie is set by twitter.com. The bank has many branches as well as holding the big market share in the economy. At the end of its first day of trading, the bank's shares closed up almost 15% at HK$3.52 in Hong Kong, compared with the listing price of HK$3.07, which was set at the top of the indicative range due to the strong demand. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. This is used to present users with ads that are relevant to them according to the user profile. The cookie is used to in conjunction with the _omappvp cookies. ROA. Credit jobs available with eFinancialCareers. Sign up for ChinaEdge email updates, and well let you know when new companies, data sets, or functionality are added. Refine by States. The cookie is set to identify new vs returning users. If you are an admin, please authenticate by logging in again. The other tranches included a three-year 300 million euro note at 1.625 per cent, a two-year 2 billion Hong Kong dollar note at 2.95 per cent, a three-year $1.2 billion note at 2.95 per cent and a three-year $600 million floating rate note. In recent years, ICBC has come under fire for its poor anti-money laundering protections overseas, as well as for its loose actions in Chinas wealth management industry. ICBC assets are around $4 trillion versus $2.6 trillion for JPMorgan. The establishment of a daily and further forecast of the exchange rate for customer service in currency conversion. Industrial and Commercial Bank of China has 5 employees across 51 locations and 800.08 b in annual revenue in FY 2020. The cookie stores an ID that is used to display ads on the users' browser. This cookie is used to stores information about how the user uses the website such as what pages have been loaded and any other advertisement before visiting the website. Used to track the information of the embedded YouTube videos on a website. This cookie is set by LinkedIn and used for routing. Prime Bank: Term used to describe the top 50 banks (or thereabouts) in the world. [42], ICBC has the policy[43] of preparing accounts conforming to the[7] International Financial Reporting Standards,[44][7] accepting specifically criteria IFRS 9 (pertains to the definition and rating of asset, liability, and a number of all of the existing purchasing contracts for non-financial purchases[45]) from 1 January 2018. and IFRS 16 (pertaining to lease[46]) from 1 January 2019.[43]. 23.5%. [20][21], ICBC opened a branch in Luxembourg which became the European headquarters of the bank in 2011. subscription, Print It is one of the "BIG FOUR" of the Heavenly Empire and controls almost 1/5 of all banking in China. This section is about Living in UAE and essential information you cannot live without. Total Assets: $2,781,046K: Deposits: $2,240,282K: US Deposits: $2,240,282K: Net Income: $9,220,000: More Information. It was converted from HKD using the exchange rate from September 13, 2022 13:48:05.Source: Yahoo Financefinance.yahoo.com/quote/1398.HK/key-statistics, At the end of 2021, the Industrial and Commercial Bank of China (ICBC) had a total of 434,089 employees, including 410,766 employees in the head office and domestic branches, and major domestic holding companies. The Industrial and Commercial Bank of China Ltd (ICBC), the worlds largest bank by assets, has listed five-tranche carbon-neutrality-themed bonds worth $2.68 billion on Nasdaq Dubai. 74. We provide global clearing, execution and financing services in all major markets to a wide range of institutional clients. . These cookies also allow for the viewing of embedded content, such as videos. Show publisher information It had its inception in 1984 as a spin-off of the Peoples Bank of Chinas (PBoC) commercial activities arm so that the PBoC could be transformed into Chinas central bank. 4606. ", Industrial and Commercial Bank of China, Total assets of the Industrial and Commercial Bank of China from 2011 to 2021 (in billion yuan) Statista, https://www.statista.com/statistics/225030/total-assets-of-the-industrial-and-commercial-bank-of-china/ (last visited December 11, 2022), Total assets of the Industrial and Commercial Bank of China from 2011 to 2021, Bank deposits per capita in Brazil 2016-2020, Brazil: credit volume held by banking sector 2015-2021, Return on equity banking industry in Brazil 2015-2020, Most valuable Brazilian banking brands 2021, Brazil: most profitable banks in 2019, by profit value, Brazil: leading banks 2019, by loan portfolio value, Brazil: leading banks 2019, by equity value, Number of bank branches in Brazil 2015-2020, Bank branches per 1,000 km2 in Brazil 2016-2019, Brazil: number of bank branches 2020, by region, Number of branches of leading banks in Brazil 2022, Brazil: unbanked population 2019, by gender, Brazil: banking sector credit 2015-2021, by type of person, Brazil: bank credit held by individuals 2015-2021, by gender, Brazil: insurances issued by banks 2014-2019, by type, Brazil: number of fintech startups 2020, by sector, Brazil: fintech adoption rates 2019, by service type, Brazil: tech investment banking industry 2018, Number of digital bank accounts in Brazil 2016-2020, by type, Brazil: popularity of online financial activities 2017-2022, Online financial activities in Brazil 2017-2022, by age, Brazil: bank customers per Facebook follower 2015-2019, Brazil: bank customers per Twitter follower 2015-2019, Banking in Brazil: social media follower ratio 2015-2019, Brazil: social media engagement rate of banks 2019, Total assets of the Bank of Communications 2011-2021, Largest banks in China based on total assets 2012, Total assets of the Agricultural Bank of China 2010-2021, Total assets of the Bank of China 2010-2021, Share of foreign bank assets in total banking assets in China 2007-2017, Value of assets of credit institutions in Slovakia 2009-2020, Leading banks in Bulgaria 2022, by assets, Average assets of Taiwan's domestic banks 2008-2021, Total assets of Kweichow Moutai 2011-2021, Total assets of China Tourism Group Duty Free 2011-2021, Total value of assets held by Oricom 2011-2021, Total assets of the Industrial and Commercial Bank of China from 2011 to 2021 (in billion yuan), Find your information in our database containing over 20,000 reports. . The cookie is set by Facebook to show relevant advertisments to the users and measure and improve the advertisements. The figures are before netting agreements that can be used to reduce overall assets and liabilities. Manufacturing: 662,376, 20.1% (28.7% in 2004), Transportation, storage, postage & telecommunications: 367,371, 11.2% (10.2% in 2004), Power, gas and water: 281,179, 8.6% (7.0% in 2004), Retail and wholesale, catering: 265,906, 8.1% (6.9% in 2004), Property development: 194,024, 5.9%, (5.6% in 2004), Social service organization: 103,070, 3.1%, (3.2% in 2004), Construction: 89,666, 2.7%, (2.1% in 2004), Other industries: 313,804, 9.5%, (12.1% in 2004), Discounted bills: 392,717, 11.9%, (8.4% in 2004), Personal loans: 515,042, 15.7%, (13.1% in 2004), Overseas business: 104,398, 3.2%, (2.7% in 2004), Mei Yingchun, former Ministry of Finance of the People's Republic of China and, Feng Weidong, former secretary of the Ministry of Finance of the People's Republic of China, Anthony Francis Neoh, former Hong Kong SEC chairman. This was caused by the gradual recovery of the Chinese economy after the Covid-19 pandemic. [54] This included an approval for a cash injection of US$15billion (financed from China's massive foreign exchange reserves) on 28 April 2005. This website uses cookies to improve your experience while you navigate through the website. Industrial and Commercial Bank of China | 98,561 followers on LinkedIn. You have probably come across the need to find a swift code (or BIC code) because you were asked for it through web banking while trying to wire money to a different bank than yours. The largest and richest bank in the world is the Industrial and Commercial Bank of China (ICBC). Licensed Commercial Bank; Credit Card Issuer; Debit Card Issuer; General Information; HQ Address: Level 10, Menara Maxis, Kuala Lumpur City Centre, 50088 Kuala Lumpur: This cookie is installed by Google Analytics. 2022 TheChinaProject.com. Source: Qichachawww.qcc.com/firm/02d68fdfc282fa75bcac3e3b30be5b4b.html, Source: ICBC Websitewww.icbc-ltd.com/ICBCLtd/AboutUs/Introduction/, ICBC's network of 426 overseas institutions covers 49 countries and regions, which brought in $9.3 B in operating income in 2020, or 7.6% of ICBC's total, and $4.2 B in profit, or 6.9% of ICBC's total. Si Qing Chen, 58 Chairman, Industrial & Commercial Bank of China Ltd. "The World's Biggest Public Companies List Forbes", 2 Institutional Background and Data 2.1 China's banking industry, Experiences and Challenges in the Development of the Chinese Capital Market, "Chinese bank tops global 1,000 ranking for first time", http://www.icbc.com.cn/icbc/en/newsupdates/icbc%20news/ICBCRanksFirstamongTop1000WorldBanksforSevenConsecutiveYears.htm, The Development of the Chinese Financial System and Reform of Chinese Commercial Banks, Multinational Banking in China: Theory and Practice, http://www.icbc-ltd.com/ICBCLtd/About%20Us/ICBC%20History/, "Gateway to Europe-Business-chinadaily.com.cn", "ICBC's Five Branches in Europe Start Operation", "Nation's largest commercial bank launches IPO", "Order Approving Establishment of a Branch-Industrial and Commercial Bank of China Limited", "When Chinese Bank's Trump Lease Ends, Potential Conflict Begins", China's largest bank to fund devastating Ethiopian dam, China's Biggest Bank to Support Africa's Most Destructive Dam, "Spain's Civil Guard Launches Money Laundering Operation Against China's ICBC In Madrid", "More Chinese banks stop transactions with N.Korea Mubasher", "Using Chinese Money, a Hedge-Fund Startup Bets Big in Treasuries", "ICBC launches robo-adviser service for wealth-management products", "UPDATE 1-China's top bank ICBC Q3 profit rises 3.3 pct, above estimates". But opting out of some of these cookies may have an effect on your browsing experience. Find company research, competitor information, contact details & financial data for Industrial And Commercial Bank Of China Limited of Beijing, Beijing. 78. Industrial and Commercial Bank of China - Assets: $4.009tn (3.07tn) ICBC building Shanghai (Credit: Peter K Burian/Wikimedia) Founded in Beijing in 1984, the Industrial and Commercial Bank of China (ICBC) claims the title of being the world's largest bank by assets, with more than $4tn (3.06tn) on its books at the last count. Failed to subscribe. Top 1000 Banks - Same region The Support Rating of '1' reflects our expectation of an extremely high probability of . January 22, 2020. HOME; Introduction; Corporate Culture; Corporate Structure Get the latest Industrial and Commercial Bank of China Ord Shs H (1398) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and . In July 2007 it was ranked 30th in the world in terms of revenue. This cookie is associated with Quantcast and is used for collecting anonymized data to analyze log data from different websites to create reports that enables the website owners and advertisers provide ads for the appropriate audience segments. General Bank Information. ICBC Financial Services, the bank's brokerage unit, provided about $88billion of repo financing at the end of 2015, up from $59billion two years ago, according to regulatory filings. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information Headquartered in New York City, the Industrial and Commercial Bank of China Financial Services ("ICBCFS") is a wholly owned subsidiary of the Industrial and Commercial Bank of China Limited ("ICBC"). As of December 2, 2014, ICBC is ranked the largest bank in the world by assets and by tier 1 capital. Get the annual and quarterly balance sheet of Industrial and Commercial Bank of China Limited (1398.HK) including details of assets, liabilities and shareholders' equity. Industrial and Commercial Bank of China (ICBC) is one of the largest banks in the world. Source: S&P Globalwww.reuters.com/article/us-icbc-spain-investigation-idUSKBN23N2Q6Source: Reuterswww.reuters.com/article/us-china-banks-usa-sanctions-exclusive/exclusive-chinese-banks-prepare-contingency-plans-over-threat-of-u-s-sanctions-sources-say-idUSKBN24A1I2Source: Financial Timeswww.reuters.com/article/usa-icbc-finra-idUSL2N1SN130www.ft.com/content/75f6c914-273b-11e8-b27e-cc62a39d57a0, Results 1 - 10 of 0 See all on China Newsbase. [41], ICBC reported 10.3 pct growth in its profit along with exceptional growth in its revenue during the year 2021. [56], The company has 449, 226 employees, there are 24 members of the board, with one chairmen, one supervisory board chairman and one vice-chairman. Member FINRA and SIPC. California (10) On 17 February 2016, the Spanish Guardia Civil raided the offices of ICBC in Madrid, Spain, investigating suspicions of money laundering.[33]. Statista. This cookie is used to track how many times users see a particular advert which helps in measuring the success of the campaign and calculate the revenue generated by the campaign. Founded as a limited company on 1 January 1984, [9] ICBC is a state-owned commercial bank. Top 1000 Banks - All. The bank was not only the largest bank in China but also the. Tue 21 Sep, 2021 - 3:12 AM ET. [39][40], In October 2017, the Bank reported a 3.3 percent rise in its net profit for the third quarter. As at March 31, 2021, ICBC reported total assets of US$5.3 trillion, total customer loans of US$2.96 trillion, customer deposits of US$3.9 trillion, shareholders' equity of US$453 billion and net tier 1 capital of US$449 billion. The bank has grown substantially since its founding, with assets now totaling more than $2 trillion USD. This cookie is set by pubmatic.com. If the cookies are set, the user is a returning user. Industrial and Commercial Bank of China Ltd is a China-based company principally engaged in the provision of banking and related financial services. https://thechinaproject.com/company-profiles/industrial-and-commercial-bank-of-china/. The company's market capitalization was US$257 billion as of April 1, 2022. Wng Jngw (), Executive Director, Vice-President, and Chief Risk Officer, Hung L (), Employee Representative Supervisor, W Xingjing (), Employee Representative Supervisor, Shn Bngx (), External Statutory Auditor, Wng Birng (), Senior Business Director, Gun Xuqng (), Secretary of the Board of Directors, Sng Jinhu (), Senior Business Director. During 1978 to[17] 1979 banking reform was initiated by the government of China, with the express desire of bringing into existence a central bank accompanying four total central governmentally owned specializing banks, one of these four being ICBC. This cookies is installed by Google Universal Analytics to throttle the request rate to limit the colllection of data on high traffic sites. Thu 08 Dec, 2022 - 8:37 PM ET. Learn more about how Statista can support your business. The note is the first ever carbon-neutrality theme bond issued in the GCC region and the largest CNH-denominated public bond issued within the ICBC Group. Loans by industry. Overseas employment totals about 16,000, or 3.64% of the company total. Based in Beijing, China, the Industrial & Commercial Bank of China (ICBC) Ltd. was founded in 1984 and provides commercial banking and other financial services. This web site uses cookies to deliver a modern, enjoyable web site experience. It has a broad customer base, with about 5 million corporate customers and 443 million individual customers by virtue of an extensive distribution network with . On 20 May 2011, Industrial and Commercial Bank of China Ltd. established two branches in Pakistan. Due to heavy subscriptions, the greenshoe (i.e. [29] ICBC had signed a lease with the Trump Organization for office space in the Trump Tower in 2008. The Industrial & Commercial Bank of China (ICBC) is the largest bank in the world by revenue; in 2021 it posted revenue of $209 billion, profits of $54 billion, and assets of $5.5 trillion. Worst f*in customer service ever. This cookie is set by Youtube. Asset Publisher. This cookie is used to measure the number and behavior of the visitors to the website anonymously. [58] Yi Huiman, the previous chairman, finished with the company to fulfil the position of chairman at the China Securities Regulatory Commission. The cookie also tracks the behavior of the user across the web on sites that have Facebook pixel or Facebook social plugin. ROI. Return on assets can be defined as an indicator of how profitable a company is relative to its total assets. The purpose of the cookie is to enable LinkedIn functionalities on the page. Well send you latest news updates through the day. ICBCFS can be a single point of entry to global clearing and settlements. Why don't you add some? [10][non-primary source needed] ICBC was then the fourth of the four specialist banks of 19781979 to be made,[20] from the taking of control of commercial activities[20] ("industrial credit and savings business"[21]) from People's Bank of China so that the latter might be transformed to a newly made central bank. The Industrial and Commercial Bank of China (ICBC) is the world's largest bank in terms of assets. On 24 September 2014, ICBC Kuwait Branch officially opened in Kuwait City, capital of Kuwait. On 25 May 2015, the Company further strengthened its presence in the Middle East and Europe by purchasing[37] Turkey's TekstilBank and forming its ICBC Turkey subsidiary. ChinaEdge is in soft-launch mode, having only gone live on June 3, 2021. Request Profile Update Download Data 3 Recorded Transactions 2 Siqing had no disagreement with the Board at the time of his resignation, made purely for the reason of vocational change to ICBC. Brazil: leading banks 2021, by total assets, Leading banks in Brazil 2019, by deposits value. In millions of Chinese RMB (Yuan) in 2005: At the end of 2004, 19.1% of ICBC's portfolio consisted of non-performing loans. Top 1000 World Banks by Tier 1 2022 - 1; Asia Pacific Rankings by Tier 1 2021 - View all Rankings for this Bank Select Peer Group. Having a 25.6% increase against previous year in net profit to RMB . Ministry of Finance of the Peoples Republic of China, National Council for Social Security Fund, China Ping An Life Insurance Co., Ltd.-Traditional-General Insurance Products, China Life Insurance Company Limited Traditional Ordinary Insurance Product-005L-CT001 Shanghai, Taiping Life Insurance Co., Ltd.-Traditional-General Insurance Products-022L-CT001Shanghai, Chn Sqng (), Chairman and Executive Director, Lio Ln (), Vice Chairman, Executive Director, and President, Hung Lingb (), Chairman of the Board of Supervisors, Zhng Guy (), Executive Director and Executive Vice-President, L Yngzhn (), Non-Executive Director, Zheng Fuqing (), Non-Executive Director, Fng Widng (), Non-Executive Director, Ling Dngbng (), Independent Non-Executive Director, Yng Shoxn (), Independent Non-Executive Director, Anthony Francis Neoh (), Independent Non-Executive Director, Yang Siu Shun (), Independent Non-Executive Director, Shn S (), Independent Non-Executive Director, Nout Wellink, Independent Non-Executive Director, H Zli (Fred) (), Independent Non-Executive Director, Zhng Wi (), Shareholder Representative Supervisor? (April 27, 2022). It is one of China's 'Big Four' State-owned commercial banks (the other three being the Bank of China, Agricultural Bank of China, and China Construction Bank). How ICBC Turkey Is Flourishing as an International Bank and Facilitating Stronger China-Turkey Relations. In January 2021, the CBIRC fined ICBC RMB 54.7 M (USD 8.5 M) for illegally investing its wealth management funds in the credit asset income rights or nonstandard asset income rights of other banks, while providing inadequate disclosure of wealth management product information.. Industrial Bank as China's first bank joining Equator Principles is the typical example of commercial banks which develop low-carbon finance. Industrial and Commercial Bank of China Limited , listed on both SSE and SEHK, is the largest bank in the world by total assets. Latest Ranking positions. The "Big Four". While at this time it appears that this company is not the subject of any U.S. or other global sanctions, it is important to note that Chinese companies tend to have more opaque organizational structures than their Western peers. Central Huijin Investment Ltd. is a wholly owned subsidiary of China Investment Corporation, Chinas sovereign wealth fund, for equity investment in Chinese companies as a means of exercising control in designated state-owned enterprises. Copyright 2015 ICBCFS. The bank is also one of the largest bank in the world with branches all over the world and total assets now topping USD 5 T. Naturally, it is considered a systemically important bank by the Financial Stability Board. This cookie is installed by Google Analytics. For several times, ICBC was ranked in the first place of the largest public enterprise in the world . The purpose of the cookie is to check when the cookies were last updated on the browser in order to limit the number of calls to the server-side cookie store. [61], In 2005, the Chinese government arrested several government officials in addition to bankers with regards to the accusation of a scheme to take illegally US$900million from ICBC. Financial Information. April 27, 2022. Current Assets for ICBC is $5,526,549,753,556 and SWFI has 11 periods of historical assets, 2 subsidiaries, 9 personal contacts available for CSV Export. At the end of 2021, the Industrial and Commercial Bank of China (ICBC) had a total of 434,089 employees, including 410,766 employees in the head office and domestic branches, and major domestic holding companies. It was the first commercial bank in China to join the UN Global Compact in 2012 and joined the UN Environment Programme Finance Initiative (UNEP FI) in 2014. China's largest commercial bank was also the first company to debut simultaneously on both the Hong Kong and Shanghai stock exchanges. Chinese companies' affiliated brands, operating units, and overseas subsidiaries are not always obvious or even identifiable. The new issuances raised the total value of ICBCs bonds listed on Nasdaq Dubai to $4.375 billion, making ICBC the largest Chinese issuer on the exchange. 1. The purpose of the cookie is to determine if the users' browser supports cookies. It helps us understand the number of visitors, where the visitors are coming from, and the pages they navigate. The data includes the number of visits, average duration of the visit on the website, pages visited, etc. Industrial and Commercial Bank of China USA, whose headquarters are in New York, New York, lacks premium access to support representatives, with no options for live . It has an NPL ratio of 4.69% and a capital adequacy ratio of 9.89%. [27] In 2010, Agricultural Bank of China broke ICBC's IPO record when it raised $22.1billion. Overseas assets total $616.2 B, or 12.1% of the company total. ICBC also maintains a small presence in South Africa.Source: ICBC 2020 Annual Reportv.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2021/2020AnnualReport.pdf, Revenue is reported as operating income. On 20 May 2011, Industrial and Commercial Bank of China Ltd. established two branches in Pakistan, one in Karachi, the other in Islamabad. Industrial and Commercial Bank of China Limited (ICBC) is a Bank located in Beijing China, Asia, and was founded in 1984. Financials in Renminbi[5][47][48][49][50][51][52]. Please create an employee account to be able to mark statistics as favorites. To find out more about the cookies and data we use, please check out our, Dear Reader, please register to read gulfnews.com, Password should have minimum 7 characters with at least one letter and number, Digital Industrial and Commercial Bank of China (ICBC). [59], As of 17 May 2020, the board is as stands:[60], In 2008 ICBC was the first Chinese Bank to adopt the Equator Principles, an international set of social and environmental standards for financial institutions launched in 2003. Analysis of the most profitable sources of placement of the Bank's . In terms of total assets, the Industrial and Commercial Bank of China. This category only includes cookies that ensures basic functionalities and security features of the website. A few examples of assets of a company include cash, inventories, and accounts receivable. ICBC Credit Suisse Asset Management Co., Ltd. Industrial and Commercial Bank of China (Canada), Industrial and Commercial Bank of China USA NA, Industrial and Commercial Bank of China (Mexico), Industrial and Commercial Bank of China (Pakistan), Industrial and Commercial Bank of China (Zurich). [64], On 17 February 2016, the Spanish Guardia Civil supported by Europol, arrested six executives of the Spanish location of the bank accused of money-laundering. [34], It was announced at the end of July 2013 that South Africa's Standard Bank was in talks to sell its markets business in London to the Industrial and Commercial Bank of China for more than $500million.[35]. ICBC is used to throwing its weight around and getting its way in China. Mr. Wang Bairong. Agricultural Bank of China, BNP Paribas Asset Management to Set Up Wealth Management JV Oct. 19, 2022 at 8:30 p.m. Please do not hesitate to contact me. Country: China. Designed & Developed by InDemandWebSolutions.com, ICBCFS | INDUSTRIAL & COMMERCIAL BANK OF CHINA FINANCIAL SERVICES, home,page-template-default,page,page-id-15676,ajax_fade,page_not_loaded,,no_animation_on_touch,qode-title-hidden,qode-theme-ver-10.1.2,wpb-js-composer js-comp-ver-5.1,vc_responsive, Address: 1633 Broadway, 28th Floor New York, NY 10019. (2022). This feature is for paid subscribers only. MORE INFO ICBC has $4,322 billion total assets according to the latest data, and its market capitalization totals $424 billion. Its overseas operations are concentrated in the Asia-Pacific, but ICBC has a growing presence in Europe (where it operates in the UK, Luxembourg, France, the Netherlands, Belgium, Italy, Spain, Poland, Greece, Russia, Turkey, the Czech Republic, Switzerland, and Austria) and in the Americas (where it operates in Canada, the US, Mexico, Panama, Peru, Brazil, and Argentina). 08.30.2022 ICBC Registers a Stable Performance with On August 30 2022, Industrial and Commercial Bank of China (stock code SH:601398; HK:1398) announced its business operations for the first half of the year. During November 2012, ICBC acquires a 80% stake (valued at $600million) of Standard Bank Argentina, the largest operation of a Chinese bank in Latin America. Established in 1983, Industrial and Commercial Bank of China USA has assets totaling $2 billion along with deposits totaling $2 billion, ranking the institution as a large bank. over-allotment) placements were exercised and ICBC's take rose to US$21.9billion (17% of ICBC's market value before the IPO), divided in US$16billion in Hong Kong and US$5.9billion in Shanghai. www.qcc.com/firm/02d68fdfc282fa75bcac3e3b30be5b4b.html, www.icbc-ltd.com/ICBCLtd/AboutUs/Introduction/, v.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2021/2020AnnualReport.pdf, finance.yahoo.com/quote/1398.HK/key-statistics, static.sse.com.cn/disclosure/listedinfo/announcement/c/new/2022-04-28/601398_20220428_1_kL92HQsa.pdf, www.reuters.com/article/us-icbc-spain-investigation-idUSKBN23N2Q6, www.reuters.com/article/us-china-banks-usa-sanctions-exclusive/exclusive-chinese-banks-prepare-contingency-plans-over-threat-of-u-s-sanctions-sources-say-idUSKBN24A1I2, www.reuters.com/article/usa-icbc-finra-idUSL2N1SN130, www.ft.com/content/75f6c914-273b-11e8-b27e-cc62a39d57a0. Support Drives Ratings: Kazakhstan-based Industrial & Commercial Bank of China (Almaty) JSC's (ICBCK) Issuer Default Ratings (IDRs) of 'BBB+' and Shareholder Support Rating (SSR) of 'bbb+' reflect Fitch Ratings' view of a high probability of support, if needed, from the bank's parent, Industrial and Commercial . We manage our clients complexities and nuances, rendering the process more efficient while reducing their risk. The bank's Hong Kong operations are listed under the name ICBC Asia. Industrial and Commercial Bank of China USA, National Association is an FDIC insured institution located in New York, NY. [61] It has also adopted the Green Credit Policy launched in 2007 by the Chinese Ministry of Environmental Protection. As the 2005 annual report records, just under 5% of loans are classified as non-performing, in comparison with the majority of western banks who have lower NPL ratios (US commercial banks are typically around 1%). It is China's largest by asset scale and by share . It has its presence in six continents, and its overseas network has expanded to more than 40 countries and regions. Meanwhile, it is also the fourth branch of ICBC in the Middle East, following branches in Dubai, Abu Dhabi and Doha. It was founded in 1984 with a loan of 100,000 RMB from the Chinese government. The ICBC offered this IPO for numerous reasons, but foremost was that the ICBC wanted to attract investors with long term perspective; so it targeted . You can manage them any time by clicking on the notification icon. As the first and currently the only Chinese bank in Kuwait, the establishment of ICBC Kuwait Branch ended the history of no Chinese bank's presence in Kuwait. From 1948 the mono-banking system of China was the People's Bank of China, providing both policy lending, and, operations to the commercial sector. In June 2020, four ex-employees and executives of the ICBC Madrid brand pleaded guilty in a money laundering case and accepted prison terms. INDUSTRIAL AND COMMERCIAL BANK OF CHINA ICBKCNBJZBO (ZIBO CITY BRANCH) ZIBO CHINA Find the swift code (also called BIC code) for every bank in the world. [15] Furthermore, ICBC is considered one of the most profitable companies in the world, ranking fourth according to Forbes. Industrial and Commercial Bank of China USA, South San Francisco Branch Full Service Brick and Mortar Office 235 Grand Avenue, Suite 101 South San Francisco, CA 94080. . Tue 22 Feb, 2022 - 8:29 AM ET. According to Bloomberg, ICBC's market capitalisation at the end of trade based on its Hong Kong shares was US$156.3billion, making its equity the world's fifth highest among banks, just behind JPMorgan Chase. Assets Under Management (Private Clients) 2.3T. The cookie is used in conjunction with _omappvs cookie to determine whether a user is new or returning. Current and historical return on assets (ROA) values for Industrial & Commercial Bank Of China (IDCBY) over the last 10 years. Accessed December 11, 2022. https://www.statista.com/statistics/225030/total-assets-of-the-industrial-and-commercial-bank-of-china/. [30], ICBC loans $400million towards the completion of the Gibe III dam in Ethiopia. It was converted from HKD using the exchange rate from September 13, 2022 13:48:05. Monitoring of the currency position and liquidity of the Bank. This Ratings Navigator for Industrial and Commercial Bank of China Limited is a visual overview of the key quantitative and qualitative factors we analyse to arrive at an entity's credit rating, and embodies our commitment to providing clarity to investors and issuers. 10/13/2015. Use Ask Statista Research Service. [55] The Beijing-based state company, China Huarong Asset Management, helped ICBC dispose of its bad loans. In June 2005, ICBC Credit Suisse Asset Management Co., Ltd., a joint venture between ICBC (55%), Credit Suisse First Boston (25%) and COSCO (20%), was formally established in China. Do not translate text that appears unreliable or low-quality. [12][8] Subsequently, ranked the largest bank in the world 2017 and 2018, by total assets,[13] (31 December 2020, US$4.324 trillion[7]), ICBC was positioned at 1st in The Banker's Top 1000 World Banks ranking, every year from 2012,[14] and first (2019) on the Forbes Global 2000 list of the world's biggest public companies. In, Industrial and Commercial Bank of China. Subsequently ICBC acquired the 20% stake from COSCO and a 5% stake from CSFB. Read full definition. statistic alerts) please log in with your personal account. During July 2007 ICBC was ranked 30th in the world in terms of revenue. It operates through the following business segments: Corporate Banking,. [63], In November 2015, ICBC Standard Bank, an overseas subsidiary acquired in February of that year, agreed to pay a fine of a maximum of $40million to UK authorities. . 8 Industrial Bank Co Ltd 941.973 9 China Merchants Bank*** 914.682 1,329.7 10 Agricultural Development Bank of China 873.419 11 Shanghai Pudong Development Bank 872.740 12 China Minsheng Banking Corp*** 850.877 977.3 13 China Citic Bank Corp 833.763 14 China Everbright Bank 595.097 15 The Export-Import Bank of China (Eximbank) 491.888 ** SOCB . Business data for Industrial and Commercial Bank of China: This page was last edited on 7 December 2022, at 05:24. ICBC is headquartered in Beijing and founded in 1984, the bank listed its shares in mainland China and Hong Kong in 2006. Its operations include the following components: corporate banking, personal banking, and treasury operations among others. Holding a total asset size of more than US$4 trillion, the Industrial and Commercial Bank of China (ICBC) is the largest bank and financial institution in the world by total assets, deposits, loans, number of customers and number of employees. You can continue reading without saving your preference, or you can subscribe now. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the wbsite is doing. See insights on Industrial and Commercial Bank of China including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Get the latest business insights from Dun & Bradstreet. [66], On 12 August 2021, a former senior banker at Industrial and Commercial Bank of China, Gu Guoming was sentenced to life in jail by Chinese authorities, after being found guilty of bribery. View Industrial and Commercial Bank of China from ECONOMICS 101 at University of Warwick. The bank has reported Pretax profits of US$ , a growth of . We also use third-party cookies that help us analyze and understand how you use this website. Industrial and Commercial Bank of China (Asia) Limited, Hong Kong job: Apply for Deputy Manager, Asset Management Credit (Syndication / Corporate / Project Finance) in Industrial and Commercial Bank of China (Asia) Limited, Hong Kong. This data is used to provide users with relevant ads. Following the global offering, the free float of shares was 22.14% of the market capitalization. In Argentina, the bank has ~1,000,000 individual customers, ~30,000 companies of all categories and more than 1600 corporate companies. Revenue is reported as operating income. This cookie is set by doubleclick.net. Industry: Depository Credit . Total assets of the Industrial and Commercial Bank of China from 2011 to 2021 (in billion yuan) [Graph]. In 2005, net profit was up 12.4% to RMB 33.7billion, and the total loan balance was RMB 3,289.5billion. Necessary cookies are absolutely essential for the website to function properly. . To use individual functions (e.g., mark statistics as favourites, set ICBC was ranked the 1st place among the Top 1000 World Banks by The Banker, ranked 1st place in the Global 2000 listed by Forbes and topped the sub-list of commercial banks of the Global 500 in Fortune for the seventh consecutive year, and took the 1st place among the Top 500 Banking Brands of Brand . It was converted from RMB using the exchange rate from August 04, 2022.Source: ICBC 2021 Annual Reportv.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2021/2020AnnualReport.pdf, Valuation is reported as market capitalization. Avoid this bank at any cost. [38], ICBC launched robo-advisor service to its wealth-management operations in 2017. This cookie is used to store the language preferences of a user to serve up content in that stored language the next time user visit the website. In 2022, the value of the Industrial and Commercial Bank of China's assets amounted to 5.52 trillion U.S. dollars. A few examples of assets of a company include cash, inventories, and accounts receivable. . Industrial and Commercial Bank of China Ltd. (ICBC) (simplified Chinese: ; traditional Chinese . Banking Companies. Al Nisr Publishing LLC 2022. This financial institution has identified itself with the corporate and individual customers as a way of extending its service to the people. Its overseas operations are concentrated in the Asia-Pacific, but ICBC has a growing presence in Europe (where it operates in the UK, Luxembourg, France, the Netherlands, Belgium, Italy, Spain, Poland, Greece, Russia, Turkey, the Czech Republic, Switzerland, and Austria) and in the Americas (where it operates in Canada, the US, Mexico, Panama, Peru, Brazil, and Argentina). null Industrial and Commercial Bank of China (Malaysia) Berhad Industrial and Commercial Bank of China (Malaysia) Berhad. Industrial & Commercial Bank Of China total current assets for the quarter ending September 30, 2021 were $3,902.309B, a 24.9% increase year-over-year. 1. 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