Industrial and Commercial Bank of China Ltd. – Company Information

By Marie Singer

Industrial and Commercial Bank of China Ltd. is one of the largest banks in the world in terms of total assets.

The company was founded in 1984 as a limited company.

It is one of China’s Big Four Banks, along with the Bank of China, Agricultural Bank of China, and China Construction Bank.

It is involved in nearly every aspect of the banking industry, including: consumer banking, corporate banking, finance and insurance, mortgages, credit cards, investment management, investment banking, global wealth management, and private equity.

Industrial and Commercial Bank of China Ltd. went public on both the Hong Kong Stock Exchange and Shanghai Stock Exchange in 2006 – one of the largest IPOs in history valued at US$21.9 billion.

The company has more than 18,000 outlets and over 106 overseas branches and agents around the world.

Industrial and Commercial Bank of China Ltd. – Company Overview

  • Industrial_and_Commercial_Bank_of_China logoChairman and CEO: Jiang Jianqing
  • Industry: Banking
  • Type: Public
  • Listed on the the Hong Kong and Shanghai Stock Exchanges
  • SEHK stock symbol: 1398
  • SSE stock symbol: 601398
  • Net profit: CN¥262,965 million (2013)
  • Earnings per share: CN¥0.75 (2013)
  • Total assets:  CN¥18,917,752 million (2013)
  • Headquarters: No.55 FuXingMenNei Street, Xicheng District, Beijing, China
  • Employees: 410,000 (approximately)
  • Website: http://www.icbc.com.cn/
  • Investor relations contact number: 400-66-95588

Industrial and Commercial Bank of China Ltd. – Financial Results

Key figures (in millions of CN¥ RMB except for share data) 2013 2012
Net interest income CN¥443,335 CN¥417,828
Operating income CN¥578,901 CN¥529,720
Operating profit CN¥336,440 CN¥306,035
Profit before tax CN¥338,537 CN¥308,687
Net profit CN¥262,965 CN¥238,691
Total assets CN¥18,917,752 CN¥17,542,217
Equity attributable to equity holders CN¥1,274,134 CN¥1,124,997
Earnings per share – basic (in USD) CN¥0.75 CN¥0.68
Earnings per share – diluted (in USD) CN¥0.74 CN¥0.67

Source: “Industrial and Commercial Bank of China Ltd. 2013 ANNUAL RESULTS ANNOUNCEMENT”