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  • Previous Rank26
  • Revenues ($M)$168,979.00
  • Revenue Percent Change10.4%
  • Profits ($M)$45,002.30
  • Profits Percent Change6.3%
  • Assets ($M)$4,034,481.60
  • Employees449,296

The world’s largest bank by assets, ICBC is one of the so-called Big Four state-owned banks that underpin the Chinese economy. It debuted on the Global 500 in 1999. ICBC’s total loans jumped up 8.3% last year, totalling $2.18 trillion, while the bank managed to cut its non-performing loan ratio down to 1.52%. This year, Beijing instructed the Big Four to lower interest rates as China’s economy staggers through the trade war and the government encourages SMEs to take on more debt. ICBC was reportedly the first to answer the call, forcing other banks into a price war.

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Company Information

CEO
Gu Shu
Sector
Financials
Industry
Banks: Commercial and Savings
HQ Location
Beijing
Websitehttps://www.icbc-ltd.com
Years on Global 500 List21
Employees449,296
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)$168,979.0010.4%
Profits ($M)$45,002.306.3%
Assets ($M)$4,034,481.60-
Total Stockholder Equity ($M)$339,368.30-

Profit Ratios

Profit as % of Revenues26.6%
Profits as % of Assets1.1%
Profits as % of Stockholder Equity13.3%