Industrial and Commercial Bank of China – 中国工商银行

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Industrial and Commercial Bank of China Ltd. (ICBC) (simplified Chinese: 中国工商银行; traditional Chinese: 中國工商銀行; pinyin: Zhōngguó Gōngshāng Yínháng, more commonly just 工行 Gōngháng) is the largest bank in the world by total assets and market capitalization. It is one of China’s ‘Big Four’ state-owned commercial banks (the other three being the Bank of China, Agricultural Bank of China, and China Construction Bank). It was founded as a limited company on January 1, 1984.

As of March 2014, it had assets of US$3.32 trillion. It is generally considered the largest bank in the world by assets ; it is the first Chinese bank to achieve such a feat.

As of 2006, ICBC has 2.5 million corporate customers and 150 million individual customers. In 2005, net profit was up 12.4% to RMB 33.7 billion, and the total loan balance was RMB 3,289.5 billion. Total liabilities are RMB 6,196.2 billion, up 11.2%. Delinquent or non-performing loans (NPL) total RMB 154.4 billion, a significant reduction although the figures are widely regarded as being somewhat higher than officially stated. It has an NPL ratio of 4.69% and a capital adequacy ratio of 9.89%.

As of December 2, 2014, ICBC is ranked the largest bank in the world by assets and by tier 1 capital. In July 2007 it was ranked 30th in the world in terms of revenue.

List CNAPS Codes 中国现代化支付系统号, Industrial and Commercial Bank of China 中国工商银行

Source : Industrial and Commercial Bank of China

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Pascal FROMAGER

Fort de plus de 25 ans d’expérience dans les domaines économiques, financiers, sociaux et fiscaux, ancien directeur administratif et financier (DAF) et diplômé de l’Université de Rennes, je me consacre aujourd’hui au journalisme économique et social, à l’analyse et à la veille de l’actualité réglementaire. Je suis le fondateur et directeur de la publication de Juristique.