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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News about Industrial & Commercial Bank of China
Non-performing loans are growing faster than profits.