Industrial and Commercial Bank of China Limited
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July 1, 2020
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Industrial and Commercial Bank of China Limited

Revenue:
RMB 776,002 millions (2019)
Profit:
RMB 313,361 millions (2019)
Employees:
445,106 (2019)
GICS Industry Group:
Headquarters:
Xicheng District, Beijing, China
Founded:
January 1, 1984
Current CEO:
Chen Siqing
Parent:
This is the ultimate parent

Description

Industrial and Commercial Bank of China Limited (ICBC) is a multinational Chinese banking company that was established on 1 January 1984, and is one of China's four biggest state-owned commercial banks, alongside China Construction Bank, Agricultural Bank of China and Bank of China.

For the year end 31 December 2019, ICBC had 8,098 corporate customers and RMB 6.7 trillion corporate customers demand deposits. In the same year, ICBC had 650 million personal customers. For the year end 31 December 2019, ICBC also had 15,784 outlets and 82,191 ATMs.

ICBC's revenue is primarily generated in China, which represented 92.03% (RMB 714,129 million) of operating income for the year end 31 December 2019. ICBC's subsidiaries include a leasing company as well as an asset management company and an insurer that establishes joint ventures with foreign companies. ICBC has also expanded into global markets through acquisitions and other means - for instance, ICBC has acquired a number of global branches of South African-based Standard Bank.

On 27 October 2006, ICBC listed on both Shanghai Stock Exchange (SSE) and the Stock Exchange of Hong Kong Limited (SEHK). ICBC is listed on the SSE under the code 601398.

In Renminbi (RMB)
In Renminbi (RMB)
In Renminbi (RMB)

Operating Segments:

Corporate Banking - The corporate banking segment provides corporate loans, trade financing, deposit-taking activities, corporate wealth management services, custody activities, and various types of corporate intermediary services to corporations, government agencies and financial institutions. For the year ending 31 December 2019, the corporate banking segment accounted for 50.05% (RMB 388,408 million) of operating income.

Personal Banking - Offers personal loans, deposit-taking activities, card business, personal wealth management services, and various types of personal intermediary services to individual customers. For the year ending 31 December 2019, the personal banking segment accounted for 36.93% (RMB 286,569 million) of operating income.

Treasury Operations - Issues money market transactions, investment securities, foreign exchange transactions and the holding of derivative positions, for its own account or on behalf of customers. For the year ending 31 December 2019, the treasury operations segment accounted for 12.43% (RMB 96,422 million) of operating income.

Others - Includes assets, liabilities, income, and expenses that cannot be allocated to a segment. For the year ending 31 December 2019, the others segment accounted for 0.59% (RMB 4,603 million) of operating income.

Mergers and Acquisitions:

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