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ICBC

Industrial and Commercial Bank of China Limited
Public company
Traded as
Industry Banking
Financial services
Investment services
Founded Beijing, China
(1984; 33 years ago (1984))
Headquarters Beijing, China
Key people
Jiang Jianqing
(Chairman & Executive Director)
Luo Xi (Vice president)
Products Finance and insurance
Consumer banking
Corporate banking
Investment banking
Investment management
Global wealth management
Private equity
Mortgage loans
Credit cards
Revenue IncreaseCN¥668.733 billion (2015)
Profit Increase CN¥277.131 billion (2015)
Total assets Increase CN¥22.210 trillion (2015)
Total equity Increase CN¥1.789 trillion (2015)
Owner
Number of employees
Increase 466,346 (2015)
Capital ratio Increase 12.87% (CET1)
Website icbc.com.cn
Footnotes / references
in a consolidated basis, excluding minority interests
Industrial and Commercial Bank of China Limited
Simplified Chinese 中国工商银行股份有限公司
Literal meaning Industrial and Commercial Bank of China, Company Limited by Shares
Industrial and Commercial Bank of China
Simplified Chinese 中国工商银行
Traditional Chinese 中國工商銀行
Second alternative Chinese name
Chinese 工行

Industrial and Commercial Bank of China Limited (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 a Chinese multinational banking company, and the largest bank in the world by total assets and market capitalization as of February 2017. 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 June 2015, it had assets worth US$3.616 trillion. Generally considered the largest bank and public company in the world by assets; it is the first Chinese bank to achieve such a feat. It ranks number 1 in The Banker's Top 1000 World Banks ranking, and first on the Forbes Global 2000 list of the world's biggest public companies.

Industrial and Commercial Bank of China (ICBC) opens its very first office branch on 1 January 1984 in Beijing as a local state-run bank.

ICBC opened a branch in Luxembourg which became the European headquarters of the bank in 2011. ICBC (Europe) S.A. operates a network covering branches in major European cities, namely Paris, Amsterdam, Brussels, Milan, Madrid, Barcelona, Warsaw and Lisbon.


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