- Rank18
- Previous Rank25
- CEOYi Huiman
- Address55 Fuxingmennei Ave., Beijing 100140
- Website
- IndustryBanks: Commercial and Savings
The state-owned firm is the world’s biggest bank, a major force in China’s market, and, according to a ranking by The Banker magazine, the world’s strongest bank based on its amount of capital in 2014. Four big state-owned banks are central to China’s financial system. ICBC is the biggest among them. It has raised money for the Three Gorges Dam project and has been a part of China’s expansion abroad, especially its infrastructure projects in Africa. At the same time, ICBC’s international exposure remains low compared to U.S. and European banks. For a sense of its scale, in 2014 ICBC earned $45 billion, double the profits of Wells Fargo.
Company Information
CEO | Yi Huiman |
Industry | Banks: Commercial and Savings |
Sector | Financials |
HQ Location | Beijing, China |
Website | http://www.icbc-ltd.com |
Years on List | 17 |
Key Financials (last fiscal year)
($ Millions) | % change | |
---|---|---|
Revenues | 163,174.9 | 9.7% |
Profits | 44,763.9 | 4.8% |
Assets | 3,322,042.7 | - |
Employees | 462,282 | - |
Profits as a % of
Profit as % of Revenues | 27.4% |
Profits as % of Assets | 1.3% |
Profits as % of Stockholder Equity | 18.1% |