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Global 500

Zhang Peng—LightRocket via Getty Images

26

Industrial & Commercial Bank of China

IDCBY

China

The world’s largest bank by assets, ICBC is one of several state-owned banks that underpin the Chinese economy. Its continued prominence on the Global 500 comes at a time when Beijing is reportedly lowering capital requirements for banks they deem secure—a sign that the government is feeling less leery about the country’s bad loan epidemic. That could be a boon to ICBC, which saw such loans fall by 2.8% in 2017, to $45.6 billion, while reducing its bad-loan ratio to 1.55% from 1.62%.

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CEO

Gu Shu

Sector

Financials

Industry

Banks: Commercial and Savings

HQ Location

Beijing

Years on Global 500 List

20

Employees

453,048

Figures prepared in accordance with International Accounting Standards., Government owned 50% or more.
Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$153,0213.6%
Profits ($M)$42,323.71.0%
Assets ($M)$4,005,996
Total Stockholder Equity ($M)$326,703
Profit Ratios
Profit as % of Revenues27.7%
Profits as % of Assets1.1%
Profits as % of Stockholder Equity13.0%
STOCK QUOTE
()0.00 0.00 (0)
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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