[16] It is considered a systemically important bank by the Financial Stability Board. This cookie is set by Youtube and registers a unique ID for tracking users based on their geographical location. Its overseas operations are concentrated in the Asia-Pacific, but ICBC has a growing presence in Europe (where it operates in the UK, Luxembourg, France, the Netherlands, Belgium, Italy, Spain, Poland, Greece, Russia, Turkey, the Czech Republic, Switzerland, and Austria) and in the Americas (where it operates in Canada, the US, Mexico, Panama, Peru, Brazil, and Argentina). During the 2013 Korean crisis, the Industrial and Commercial Bank of China halted business with a North Korean bank accused by the United States of financing Pyongyang's missile and nuclear programs. Almost all the repo financing that ICBC provides is on U.S. government bonds. Terms of Use One in Karachi while the other in Islamabad. 78. The purpose of the cookie is to check when the cookies were last updated on the browser in order to limit the number of calls to the server-side cookie store. ChinaEdge is a one-of-a-kind knowledge graph thatintegrates knowledge and news on the political, legal, financial, and ethical risks of investing in China. Industrial and Commercial Bank of China Limited (ICBC; Chinese: ; pinyin: Zhnggu Gngshng Ynhng) is a Chinese multinational bank. Overseas employment totals about 16,000, or 3.64% of the company total. January 22, 2020. The establishment of a daily and further forecast of the exchange rate for customer service in currency conversion. This category only includes cookies that ensures basic functionalities and security features of the website. Industrial and Commercial Bank of China USA, National Association is an FDIC insured institution located in New York, NY. Thu 08 Dec, 2022 - 8:37 PM ET. (2022). According to Bloomberg, ICBC's market capitalisation at the end of trade based on its Hong Kong shares was US$156.3billion, making its equity the world's fifth highest among banks, just behind JPMorgan Chase. Having a 25.6% increase against previous year in net profit to RMB . While at this time it appears that this company is not the subject of any U.S. or other global sanctions, it is important to note that Chinese companies tend to have more opaque organizational structures than their Western peers. This Ratings Navigator for Industrial and Commercial Bank of China Limited is a visual overview of the key quantitative and qualitative factors we analyse to arrive at an entity's credit rating, and embodies our commitment to providing clarity to investors and issuers. Copyright 2015 ICBCFS. Based in Beijing, China, the Industrial & Commercial Bank of China (ICBC) Ltd. was founded in 1984 and provides commercial banking and other financial services. There are 7,467 employees in the company and 15,856 employees in overseas institutions. On 17 February 2016, the Spanish Guardia Civil raided the offices of ICBC in Madrid, Spain, investigating suspicions of money laundering.[33]. [31][32], On 24 January 2011, ICBC opened a branch office in Madrid, Spain.[33]. Used to track the information of the embedded YouTube videos on a website. Both on your website and other media. Assets are a main portion of the balance sheet of a company that measure things that provide economic value. Failed to subscribe, please send an email to [email protected]. null Industrial and Commercial Bank of China (Malaysia) Berhad Industrial and Commercial Bank of China (Malaysia) Berhad. . We manage our clients complexities and nuances, rendering the process more efficient while reducing their risk. April 27, 2022. Assets Under Management (Private Clients) 2.3T. 2022 TheChinaProject.com. Tue 22 Feb, 2022 - 8:29 AM ET. Find company research, competitor information, contact details & financial data for Industrial And Commercial Bank Of China Limited of Beijing, Beijing. As of December 2, 2014, ICBC is ranked the largest bank in the world by assets and by tier 1 capital. The cookie stores an ID that is used to display ads on the users' browser. The cookie is set by Facebook to show relevant advertisments to the users and measure and improve the advertisements. On 25 May 2015, the Company further strengthened its presence in the Middle East and Europe by purchasing[37] Turkey's TekstilBank and forming its ICBC Turkey subsidiary. INDUSTRIAL AND COMMERCIAL BANK OF CHINA ICBKCNBJZBO (ZIBO CITY BRANCH) ZIBO CHINA Find the swift code (also called BIC code) for every bank in the world. Sign up for ChinaEdge email updates, and well let you know when new companies, data sets, or functionality are added. Refine by States. Industrial and Commercial Bank of China Ltd. (ICBC) (simplified Chinese: ; traditional Chinese . Check 2 client reviews, rate this bank, find bank financial info, routing numbers . [42], ICBC has the policy[43] of preparing accounts conforming to the[7] International Financial Reporting Standards,[44][7] accepting specifically criteria IFRS 9 (pertains to the definition and rating of asset, liability, and a number of all of the existing purchasing contracts for non-financial purchases[45]) from 1 January 2018. and IFRS 16 (pertaining to lease[46]) from 1 January 2019.[43]. [34], It was announced at the end of July 2013 that South Africa's Standard Bank was in talks to sell its markets business in London to the Industrial and Commercial Bank of China for more than $500million.[35]. . Please create an employee account to be able to mark statistics as favorites. Financials in Renminbi[5][47][48][49][50][51][52]. [29] ICBC had signed a lease with the Trump Organization for office space in the Trump Tower in 2008. We provide global clearing, execution and financing services in all major markets to a wide range of institutional clients. Analysis of the most profitable sources of placement of the Bank's . The bank was not only the largest bank in China but also the. Central Huijin Investment Ltd. is a wholly owned subsidiary of China Investment Corporation, Chinas sovereign wealth fund, for equity investment in Chinese companies as a means of exercising control in designated state-owned enterprises. In June 2020, ICBC and other Chinese banks reportedly prepared contingency plans for potential U.S. legislation that could penalize banks for serving officials who implement the new national security law for Hong Kong. These five-tranche notes were issued by ICBCs branches in the Dubai International Financial Centre (DIFC), Hong Kong, London and Singapore. Do not translate text that appears unreliable or low-quality. www.qcc.com/firm/02d68fdfc282fa75bcac3e3b30be5b4b.html, www.icbc-ltd.com/ICBCLtd/AboutUs/Introduction/, v.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2021/2020AnnualReport.pdf, finance.yahoo.com/quote/1398.HK/key-statistics, static.sse.com.cn/disclosure/listedinfo/announcement/c/new/2022-04-28/601398_20220428_1_kL92HQsa.pdf, www.reuters.com/article/us-icbc-spain-investigation-idUSKBN23N2Q6, www.reuters.com/article/us-china-banks-usa-sanctions-exclusive/exclusive-chinese-banks-prepare-contingency-plans-over-threat-of-u-s-sanctions-sources-say-idUSKBN24A1I2, www.reuters.com/article/usa-icbc-finra-idUSL2N1SN130, www.ft.com/content/75f6c914-273b-11e8-b27e-cc62a39d57a0. over-allotment) placements were exercised and ICBC's take rose to US$21.9billion (17% of ICBC's market value before the IPO), divided in US$16billion in Hong Kong and US$5.9billion in Shanghai. JPMorgan has announced it will go "full force" in China to take on the state-run Industrial and Commercial Bank of China . The notes generated a warm reception with order books exceeding CNH 14 billion. (April 27, 2022). The bank has many branches as well as holding the big market share in the economy. Following the global offering, the free float of shares was 22.14% of the market capitalization. Commercial Bank of China is one of the key financial institutions that operate in this said liquid financial environment. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Member FINRA and SIPC. At the end of its first day of trading, the bank's shares closed up almost 15% at HK$3.52 in Hong Kong, compared with the listing price of HK$3.07, which was set at the top of the indicative range due to the strong demand. The ICBC offered this IPO for numerous reasons, but foremost was that the ICBC wanted to attract investors with long term perspective; so it targeted . On 20 May 2011, Industrial and Commercial Bank of China Ltd. established two branches in Pakistan, one in Karachi, the other in Islamabad. Crypto-assets and the Relevance of International Private Law. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Research expert covering fiance, real estate, and technology in Greater China, Profit from additional features with an Employee Account. Banking Companies. [39][40], In October 2017, the Bank reported a 3.3 percent rise in its net profit for the third quarter. The Industrial and Commercial Bank of China (ICBC), one of China's "Big Four" state-owned commercial banks and one of the world's largest by total assets, is seeking to patent a blockchain system for the exchange of financial assets.. As of 2006, ICBC had 2.5million corporate customers and 150 million individual customers.[24]. Headquartered in New York City, the Industrial and Commercial Bank of China Financial Services (ICBCFS) is a wholly owned subsidiary of the Industrial and Commercial Bank of China Limited (ICBC). Are you interested in testing our corporate solutions? ICBC, or the Industrial & Commercial Bank of China, is Chinas biggest lender and one of Chinas Big Four state-owned banks. ICBC also maintains a small presence in South Africa. California (10) Industrial & Commercial Bank Of China total current assets for the quarter ending September 30, 2021 were $3,902.309B, a 24.9% increase year-over-year. Learn more about how Statista can support your business. ICBC raised at least US$14billion in Hong Kong (H-shares) and another US$5.1billion in Shanghai (A-shares). Characteristics & Risks of Standardized Options. Licensed Commercial Bank; Credit Card Issuer; Debit Card Issuer; General Information; HQ Address: Level 10, Menara Maxis, Kuala Lumpur City Centre, 50088 Kuala Lumpur: Industrial and Commercial Bank of China Limited ( ICBC) is a multinational Chinese banking company . Accessed December 11, 2022. https://www.statista.com/statistics/225030/total-assets-of-the-industrial-and-commercial-bank-of-china/. At the end of 2021, the Industrial and Commercial Bank of China (ICBC) had a total of 434,089 employees, including 410,766 employees in the head office and domestic branches, and major domestic holding companies. The cookie is set under eversttech.net domain. Source: ICBC 2021 Annual Reportstatic.sse.com.cn/disclosure/listedinfo/announcement/c/new/2022-04-28/601398_20220428_1_kL92HQsa.pdf. As of 2 December 2014, ICBC is ranked the largest bank in the world by assets and by tier 1 capital.[36]. [61] It has also adopted the Green Credit Policy launched in 2007 by the Chinese Ministry of Environmental Protection. To use individual functions (e.g., mark statistics as favourites, set statistic alerts) please log in with your personal account. ICBC Financial Services, the bank's brokerage unit, provided about $88billion of repo financing at the end of 2015, up from $59billion two years ago, according to regulatory filings. The Industrial and Commercial Bank of China (ICBC) is the world's largest bank in terms of assets. ICBC's network of 426 overseas institutions covers 49 countries and regions, which brought in $9.3 B in operating income in 2020, or 7.6% of ICBC's total, and $4.2 B in profit, or 6.9% of ICBC's total. [15] Furthermore, ICBC is considered one of the most profitable companies in the world, ranking fourth according to Forbes. Advertisement cookies help us provide our visitors with the most relevant ads and marketing campaigns. This cookie is set by pubmatic.com. [18], By rights of a contradiction within the economic functioning of the government of China, the People's Republic, the State Council of China,[19] during September of[20] 1983 made a decision to separate certain activities of the government to an exclusively operating organisation, subsequently named the Industrial and Commercial bank of China,[19] established on 1 January 1984. From 1948 the mono-banking system of China was the People's Bank of China, providing both policy lending, and, operations to the commercial sector. Get full access to all features within our Corporate Solutions. Total Assets: $2,781,046K: Deposits: $2,240,282K: US Deposits: $2,240,282K: Net Income: $9,220,000: More Information. Request Profile Update Download Data 3 Recorded Transactions 2 The note is the first ever carbon-neutrality theme bond issued in the GCC region and the largest CNH-denominated public bond issued within the ICBC Group. This website stores cookies on your computer. Delinquent or non-performing loans (NPL) total RMB 154.4billion, a significant reduction although the figures are widely regarded as being somewhat higher than officially stated. [62] International environmental groups have criticized ICBC for failing to adhere to its social environmental standards and of being hypocritical, because ICBC is involved in the financing of the controversial Gilgel Gibe III Dam in Ethiopia. Valuation is reported as market capitalization. "Total assets of the Industrial and Commercial Bank of China from 2011 to 2021 (in billion yuan)." As the first and currently the only Chinese bank in Kuwait, the establishment of ICBC Kuwait Branch ended the history of no Chinese bank's presence in Kuwait. China's Big Four banks, in order of asset size, are the Industrial & Commercial Bank of China, the China Construction Bank, the Agricultural Bank of China, and the Bank of. Wng Jngw (), Executive Director, Vice-President, and Chief Risk Officer, Hung L (), Employee Representative Supervisor, W Xingjing (), Employee Representative Supervisor, Shn Bngx (), External Statutory Auditor, Wng Birng (), Senior Business Director, Gun Xuqng (), Secretary of the Board of Directors, Sng Jinhu (), Senior Business Director. In depth view into Industrial And Commercial Bank Of China Total Assets (Quarterly) including historical data from 2009, charts and stats. Designed & Developed by InDemandWebSolutions.com, ICBCFS | INDUSTRIAL & COMMERCIAL BANK OF CHINA FINANCIAL SERVICES, home,page-template-default,page,page-id-15676,ajax_fade,page_not_loaded,,no_animation_on_touch,qode-title-hidden,qode-theme-ver-10.1.2,wpb-js-composer js-comp-ver-5.1,vc_responsive, Address: 1633 Broadway, 28th Floor New York, NY 10019. It is used integrate the sharing features of this social media. ICBCFS can be a single point of entry to global clearing and settlements. See insights on Industrial and Commercial Bank of China including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. [28], In August 2008, ICBC became the second Chinese bank since 1991 to gain federal approval to establish a branch in New York City. These cookies also allow for the viewing of embedded content, such as videos. You have probably come across the need to find a swift code (or BIC code) because you were asked for it through web banking while trying to wire money to a different bank than yours. Industrial & Commercial Bank of China Ltd. ADR Watch list Create IDCBY Alert Open Last Updated: Sep 16, 2022 3:27 p.m. EDT Delayed quote $ 9.84 0.13 1.34% Previous Close $9.71 Advanced. In recent years, ICBC has come under fire for its poor anti-money laundering protections overseas, as well as for its loose actions in Chinas wealth management industry. [67], Flora Xiao Huang, Horace Yeung (2019) Chinese Companies and the Hong Kong Stock Market, sub-heading 6.4.4, published by Routledge, 30 October 2013 ISBN1134671113, ISBN9781134671113, "ICBC" redirects here. Worst f*in customer service ever. Assets are a main portion of the balance sheet of a company that measure things that provide economic value. China's largest commercial bank was also the first company to debut simultaneously on both the Hong Kong and Shanghai stock exchanges. The data collected including the number visitors, the source where they have come from, and the pages viisted in an anonymous form. Chen Siqing, the current chairman, assumed his role[57] after resigning in April 2019 from Bank of China, where he was the chair, executive director and chairman and participating board member within the Strategic Development Committee. This cookie is set by pubmatic.com. Show publisher information We also use third-party cookies that help us analyze and understand how you use this website. [41], ICBC reported 10.3 pct growth in its profit along with exceptional growth in its revenue during the year 2021. The bank's Hong Kong operations are listed under the name ICBC Asia. This was caused by the gradual recovery of the Chinese economy after the Covid-19 pandemic. During November 2012, ICBC acquires a 80% stake (valued at $600million) of Standard Bank Argentina, the largest operation of a Chinese bank in Latin America. This cookie is associated with Quantserve to track anonymously how a user interact with the website. Meanwhile, ICBC's Shanghai-listed A-shares recorded more modest gains and ended up 5.1% from the offering price of RMB 3.12. The bank has reported Pretax profits of US$ , a growth of . Use Ask Statista Research Service. Source: Qichachawww.qcc.com/firm/02d68fdfc282fa75bcac3e3b30be5b4b.html, Source: ICBC Websitewww.icbc-ltd.com/ICBCLtd/AboutUs/Introduction/, ICBC's network of 426 overseas institutions covers 49 countries and regions, which brought in $9.3 B in operating income in 2020, or 7.6% of ICBC's total, and $4.2 B in profit, or 6.9% of ICBC's total. Source: S&P Globalwww.reuters.com/article/us-icbc-spain-investigation-idUSKBN23N2Q6Source: Reuterswww.reuters.com/article/us-china-banks-usa-sanctions-exclusive/exclusive-chinese-banks-prepare-contingency-plans-over-threat-of-u-s-sanctions-sources-say-idUSKBN24A1I2Source: Financial Timeswww.reuters.com/article/usa-icbc-finra-idUSL2N1SN130www.ft.com/content/75f6c914-273b-11e8-b27e-cc62a39d57a0, Results 1 - 10 of 0 See all on China Newsbase. Industrial and Commercial Bank of China USA, whose headquarters are in New York, New York, lacks premium access to support representatives, with no options for live . Read full definition. [64], On 17 February 2016, the Spanish Guardia Civil supported by Europol, arrested six executives of the Spanish location of the bank accused of money-laundering. This paper analyzes the total assets, non-performing loan ratios and net capital of the bank and concludes that if a commercial bank can do a good internal management, the development of low-carbon . All values HKD Millions. [63], In November 2015, ICBC Standard Bank, an overseas subsidiary acquired in February of that year, agreed to pay a fine of a maximum of $40million to UK authorities. As the 2005 annual report records, just under 5% of loans are classified as non-performing, in comparison with the majority of western banks who have lower NPL ratios (US commercial banks are typically around 1%). [55] The Beijing-based state company, China Huarong Asset Management, helped ICBC dispose of its bad loans. You have no saved articles. Siqing had no disagreement with the Board at the time of his resignation, made purely for the reason of vocational change to ICBC. Source: ICBC 2020 Annual Reportv.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2021/2020AnnualReport.pdf. [10][non-primary source needed] ICBC was then the fourth of the four specialist banks of 19781979 to be made,[20] from the taking of control of commercial activities[20] ("industrial credit and savings business"[21]) from People's Bank of China so that the latter might be transformed to a newly made central bank. General Bank Information. Industrial and Commercial Bank of China has 5 employees across 51 locations and 800.08 b in annual revenue in FY 2020. Industrial & Commercial Bank of China Ltd. engages in the provision of commercial banking and financial services. The largest and richest bank in the world is the Industrial and Commercial Bank of China (ICBC). Calculated by dividing a company's operating earnings by its total assets. It has an NPL ratio of 4.69% and a capital adequacy ratio of 9.89%. Overseas assets total $616.2 B, or 12.1% of the company total. In June 2005, ICBC Credit Suisse Asset Management Co., Ltd., a joint venture between ICBC (55%), Credit Suisse First Boston (25%) and COSCO (20%), was formally established in China. This cookie is used to stores information about how the user uses the website such as what pages have been loaded and any other advertisement before visiting the website. Not all features and capabilities are live yet. Company Info Industrial & Commercial Bank of China Ltd. Chen Siqing named ICBC chairman as string of management changes at Chinas top financial institution continues, "Ethiopia Dam Blot on China's Aid Record", "ICBC Standard Bank agrees deferred prosecution settlement with SFO", "Directors of Chinese bank arrested in Spain in money laundering probe", "Fed finds 'serious deficiencies' at China's ICBC", "China sentences former senior ICBC banker to life for bribery", "Industrial and Commercial Bank of China tops Forbes' Global 2000 list for seventh year, while 'Made in China 2025' sectors languish", Chinese Companies and the Hong Kong Stock Market, China Banking and Insurance Regulatory Commission, Ping An Insurance (Group) Company of China, Cheung Kong Infrastructure Holdings Limited, Henderson Land Development Company Limited, Wharf Real Estate Investment Company Limited, Semiconductor Manufacturing International Corporation, https://en.wikipedia.org/w/index.php?title=Industrial_and_Commercial_Bank_of_China&oldid=1126037903, Companies in the Hang Seng China Enterprises Index, Companies listed on the Hong Kong Stock Exchange, Companies listed on the Shanghai Stock Exchange, Multinational companies headquartered in China, Systemically important financial institutions, Pages with non-numeric formatnum arguments, CS1 Chinese (China)-language sources (zh-cn), Articles with dead external links from June 2016, Articles with dead external links from December 2017, Short description is different from Wikidata, Articles needing translation from Chinese Wikipedia, Articles containing Chinese-language text, Articles containing simplified Chinese-language text, Articles with Chinese-language sources (zh), Creative Commons Attribution-ShareAlike License 3.0, China Industrial and Commercial Bank, Company Limited by Shares. [20][21], ICBC opened a branch in Luxembourg which became the European headquarters of the bank in 2011. Employed as a key part of our own internal . [53] To clean up ICBC's balance sheet and prepare it for overseas listing, the Chinese government orchestrated a series of capital injections, asset transfers, and government-subsidised bad loan disposals that eventually cost more than US$162billion. It is a member of the standing council of Green Finance Committee established under the China Financial Forum and is an active advocate of developing . Groups that oppose the dam such as International Rivers and Survival International have complained about or have written to ICBC against the dam's funding. ICBC has $4,322 billion total assets according to the latest data, and its market capitalization totals $424 billion. Statista. The data includes the number of visits, average duration of the visit on the website, pages visited, etc. [58] Yi Huiman, the previous chairman, finished with the company to fulfil the position of chairman at the China Securities Regulatory Commission. The Support Rating of '1' reflects our expectation of an extremely high probability of . Feb 2020 - Present2 years 11 months. It operates through the following business segments: Corporate Banking,. ROA. Headquartered in New York City, the Industrial and Commercial Bank of China Financial Services ("ICBCFS") is a wholly owned subsidiary of the Industrial and Commercial Bank of China Limited ("ICBC"). The cookie is set to identify new vs returning users. Then you can access your favorite statistics via the star in the header. Necessary cookies are absolutely essential for the website to function properly. The notes generated a warm reception from investors and the final pricing was tightened by 55 basis points compared to the initial guidance, with order books exceeding CNH 14 billion by the time the final guidance was disclosed. Industrial and Commercial Bank of China Ltd. (ICBC) is China's largest bank and the largest bank in the world. Industrial and Commercial Bank of China employs a total of worldwide. ICBCFS offers highly customized financing solutions to support the growing demands. Founded as a limited company on 1 January 1984,[10] ICBC is a state-owned commercial bank. Total Assets: 35171383: 33345058: 30109436 . H1 . If you are an admin, please authenticate by logging in again. You also have the option to opt-out of these cookies. https://thechinaproject.com/company-profiles/industrial-and-commercial-bank-of-china/. APPOINTMENT OF SENIOR EXECUTIVE VICE PRESIDENT The board of directors (the "Board") of Industrial and Commercial Bank of China Limited (the "Bank") resolved at the meeting of the Board held on 28 August 2020 that Mr. Xu Shouben be appointed as Senior Executive Vice President of the Bank.After the Board considered and approved Mr. Xu Shouben's appointment, the qualification is further subject . 1. ICBC Makes Progress While Improving Quality in Sta ICBC Makes a Good Start in the First Half of 2021 ICBC Successfully Underwrites Bills to Support Dev Chinese companies' affiliated brands, operating units, and overseas subsidiaries are not always obvious or even identifiable. This cookie is set by linkedIn. ET Industrial & Commercial Bank of China 1H Net CNY171.51B Vs. It has its presence in six continents, and its overseas network has expanded to more than 40 countries and regions. . ROI. In October 2006, the Industrial and Commercial Bank of China (ICBC) completed the world's largest initial public offering (IPO), listing shares on the Shanghai and the Hong Kong stock exchange, raising more than 21 billion dollars (Hill, 2011). [12][8] Subsequently, ranked the largest bank in the world 2017 and 2018, by total assets,[13] (31 December 2020, US$4.324 trillion[7]), ICBC was positioned at 1st in The Banker's Top 1000 World Banks ranking, every year from 2012,[14] and first (2019) on the Forbes Global 2000 list of the world's biggest public companies. HOME; Introduction; Corporate Culture; Corporate Structure Total assets of the Industrial and Commercial Bank of China from 2011 to 2021 (in billion yuan) [Graph]. The purpose of the cookie is to determine if the users' browser supports cookies. Loans by industry. It has purchased the Hong Kong subsidiary of Fortis Bank and rebranded it under its own name on 10 October 2005. ICBC Makes Progress While Improving Quality in Sta ICBC Makes a Good Start in the First Half of 2021 ICBC Successfully Underwrites Bills to Support Dev For other uses, see, Zhnggu Gngshng Ynhng Gfn Yuxin Gngs, Francis Garrido & Saqib Chaudhry (2019) , CS1 maint: multiple names: authors list (, International Financial Reporting Standards, National Development and Reform Commission, Ministry of Finance of the People's Republic of China, Industrial and Commercial Bank of China (Asia), Industrial and Commercial Bank of China (Macau), Industrial and Commercial Bank of China (Thai), On Aesthetic and Cultural Issues in Pragmatic Translation: Based on the Translation of Brand Names and Brand Slogans, "the chinese word for Industrial and commercial bank of China", "MOVES-China picks BoC boss Chen Siqing to head top bank ICBC sources". In millions of Chinese RMB (Yuan) in 2005: At the end of 2004, 19.1% of ICBC's portfolio consisted of non-performing loans. | December 10, 2022 This website uses cookies to improve your experience while you navigate through the website. These cookies can only be read from the domain that it is set on so it will not track any data while browsing through another sites. Customers can open an account at one of its 13 branches. ICBC also maintains a small presence in South Africa.Source: ICBC 2020 Annual Reportv.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2021/2020AnnualReport.pdf, Revenue is reported as operating income. Fast Facts Number of employees: 440,000 . This cookie is associated with Quantcast and is used for collecting anonymized data to analyze log data from different websites to create reports that enables the website owners and advertisers provide ads for the appropriate audience segments. One yuan equals approximately 0.15 U.S. dollars and 0.14 euros (as of May 2022). Elaine Y. San Francisco, CA. This data is used to provide users with relevant ads. Profit from the additional features of your individual account. Tue 21 Sep, 2021 - 3:12 AM ET. [27] In 2010, Agricultural Bank of China broke ICBC's IPO record when it raised $22.1billion. There are 7,467 employees in the company and 15,856 employees in overseas institutions.Source: ICBC 2021 Annual Reportstatic.sse.com.cn/disclosure/listedinfo/announcement/c/new/2022-04-28/601398_20220428_1_kL92HQsa.pdf. It was founded in 1983 and has approximately $2.78 billion in assets. On 24 September 2014, ICBC Kuwait Branch officially opened in Kuwait City, capital of Kuwait. The bank has grown substantially since its founding, with assets now totaling more than $2 trillion USD. Manufacturing: 662,376, 20.1% (28.7% in 2004), Transportation, storage, postage & telecommunications: 367,371, 11.2% (10.2% in 2004), Power, gas and water: 281,179, 8.6% (7.0% in 2004), Retail and wholesale, catering: 265,906, 8.1% (6.9% in 2004), Property development: 194,024, 5.9%, (5.6% in 2004), Social service organization: 103,070, 3.1%, (3.2% in 2004), Construction: 89,666, 2.7%, (2.1% in 2004), Other industries: 313,804, 9.5%, (12.1% in 2004), Discounted bills: 392,717, 11.9%, (8.4% in 2004), Personal loans: 515,042, 15.7%, (13.1% in 2004), Overseas business: 104,398, 3.2%, (2.7% in 2004), Mei Yingchun, former Ministry of Finance of the People's Republic of China and, Feng Weidong, former secretary of the Ministry of Finance of the People's Republic of China, Anthony Francis Neoh, former Hong Kong SEC chairman. 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