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Global 500

Zhou jianping — Imaginechina/AP

15

Industrial & Commercial Bank of China

IDCBY

China

As the world’s biggest commercial bank by assets, this global financial powerhouse has been a key player in the global economy for the past three decades. The 32-year old state-run firm has had a major role in the rise of China’s economy and has made heavy loans to the manufacturing and transportation sectors during its building boom. But as China’s economy has begun to slow, investors are worried that China’s growth figures were bulked up the country’s rapidly rising debt load. ICBC also has been looking for international business opportunities and has established an office in New York City and pushed aggressively to expand in Australia in a bid to open up the roads for Chinese businesses entering foreign markets.

CEO

Yi Huiman

Sector

Financials

Industry

Banks: Commercial and Savings

HQ Location

Beijing, China

Employees

466,346

Years on Global 500 List

18

Figures prepared in accordance with International Accounting Standards. Government owned 50% or more.
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$167,2272.5%
Profits ($M)$44,098-1.5%
Assets ($M)$3,420,257
Total Stockholder Equity ($M)$275,575
Profit Ratios
Profit as % of Revenues26.4%
Profits as % of Assets1.3%
Profits as % of Stockholder Equity16.0%
STOCK QUOTE
()0.00 0.00 (0)
  • Previous Close:
  • Market Cap: NaNB
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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  • Dividend Yield: n/a

News about Industrial & Commercial Bank of China

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