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  • Previous Rank18
  • Revenues ($M)$167,227
  • Revenue Percent Change2.5%
  • Profits ($M)$44,098
  • Profits Percent Change-1.5%
  • Assets ($M)$3,420,257
  • Employees466,346

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.

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Company Information

CEO
Yi Huiman
Sector
Financials
Industry
Banks: Commercial and Savings
HQ Location
Beijing, China
Employees466,346
Websitehttp://www.icbc-ltd.com
Years on Global 500 List18
Figures prepared in accordance with International Accounting Standards. Government owned 50% or more.

Industrial & Commercial Bank of China Rank History

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%