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  • Previous Rank22
  • Revenues ($M)$153,021
  • Revenue Percent Change3.6%
  • Profits ($M)$42,323.70
  • Profits Percent Change1%
  • Assets ($M)$4,005,995.50
  • Employees453,048

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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Company Information

CEO
Gu Shu
Sector
Financials
Industry
Banks: Commercial and Savings
HQ Location
Beijing
Websitehttp://www.icbc-ltd.com
Years on Global 500 List20
Employees453,048
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)$153,0213.6%
Profits ($M)$42,323.701%
Assets ($M)$4,005,995.50-
Total Stockholder Equity ($M)$326,703.20-

Profit Ratios

Profit as % of Revenues27.7%
Profits as % of Assets1.1%
Profits as % of Stockholder Equity13%