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Finance
Industrial & Commercial Bank of China Ltd.
- 5.40 HKD
- -0.06
- -1.10%
China
Sep 18, 2018Ticker
HKG(1398)Prev. close
5.46Market cap (HKD)
2,133.71BMarket cap (USD)
271,963.31MShares
356,406.25M
In the news
- China's overlooked stocks enter spotlight with MSCI debut Jun 1, 2018
- Hong Kong stocks cut May losses as Italy fears abate May 31, 2018
- Hong Kong shares sink on turmoil in Italy and US tariffs move May 30, 2018
- Mainland China shares to make debut on MSCI index May 30, 2018
- Belt and Road offers path into China for foreign financial firms May 18, 2018 See more articles on Industrial & Commercial Bank of China Ltd.
Company Background
Industrial and Commercial Bank of China (ICBC) is China's largest bank. Established in 1984, ICBC is one of China's four biggest state-owned commercial banks, alongside China Construction Bank, Agricultural Bank of China and Bank of China. ICBC was simultaneously listed on both the Hong Kong Exchange and the Shanghai Stock Exchange on Oct. 27, 2006.
As of the end of 2014, ICBC had 5.09 million corporate customers and 465 million retail customers. In addition to its 17,000 domestic branches, it has branches in 41 countries.
ICBC is also focusing on Internet banking. It has strong earning capacity, thanks to its vast customer base and the country's regulated bank deposit rates. ICBC and U.S. bank Wells Fargo are competing head to head for the world's top bank in terms of market capitalization.
Its revenue mainly comes from its domestic branches. Its subsidiaries include a leasing company as well as an asset management company and an insurer that establish joint ventures with foreign companies. ICBC has also expanded into global markets through acquisitions and other means. It aims to become a global titan on par with financial groups like JPMorgan Chase and Citigroup of the U.S.
Business Summary
Industrial & Commercial Bank of China Ltd. engages in the provision of commercial banking and financial services. It operates through the following business segments: Corporate Banking, Personal Banking, Treasury Operations, and Others. 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. The Personal Banking segment offers personal loans, deposit-taking activities, card business, personal wealth management services, and various types of personal intermediary services to individual customers. The Treasury Operations segment issues money market transactions, investment securities, foreign exchange transactions and the holding of derivative positions, for its own account or on behalf of customers. The Others segment includes assets, liabilities, income, and expenses that cannot be allocated to a segment. The company was founded on January 1, 1984 and is headquartered in Beijing, China.
Financial Highlights
| Dec 2017 | HKD | USD |
| Revenue | 1,240.79B | 159,222.80M |
| Gross Profit | -- | -- |
| Operating income | 417,909.82M | 53,627.56M |
| Income before tax | 417,061.15M | 53,518.66M |
| Net income | 329,839.35M | 42,326.07M |
| EBITDA | -- | -- |
| Diluted EPS | 0.91 | 0.11 |
| Dividends Per Share | 0.28 | 0.03 |
| Total Assets | 31,316.06B | 4,005.99B |
| Total liabilities | 28,753.86B | 3,678.23B |
| Total equity | 2,545.92B | 325,677.97M |
| Operating cash flow | 873,146.22M | 112,045.00M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 1,165.30B | 1,274.25B | 1,329.76B | 1,177.69B | 1,240.79B |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 422,819.42M | 450,439.03M | 441,666.25M | 419,917.92M | 417,909.82M |
| Income before tax | 424,492.45M | 452,384.71M | 445,169.34M | 421,419.34M | 417,061.15M |
| Net income | 331,389.01M | 347,116.27M | 341,835.73M | 325,111.28M | 329,839.35M |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 0.93 | 0.98 | 0.94 | 0.89 | 0.91 |
| Dividends Per Share | 0.32 | 0.32 | 0.27 | 0.26 | 0.28 |
| Total Assets | 24,229.59B | 25,761.94B | 26,507.50B | 26,928.53B | 31,316.06B |
| Total liabilities | 22,594.66B | 23,840.83B | 24,358.57B | 24,725.71B | 28,753.86B |
| Total equity | 1,629.38B | 1,913.05B | 2,135.74B | 2,190.08B | 2,545.92B |
| Operating cash flow | -1,823.18M | 239,345.88M | 1,384.62B | 264,761.29M | 873,146.22M |
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 150,233.36M | 164,320.70M | 171,526.09M | 151,716.72M | 159,222.80M |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 54,510.62M | 58,086.07M | 56,970.27M | 54,096.00M | 53,627.56M |
| Income before tax | 54,726.31M | 58,336.97M | 57,422.13M | 54,289.42M | 53,518.66M |
| Net income | 42,723.25M | 44,762.15M | 44,093.19M | 41,882.52M | 42,326.07M |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 0.12 | 0.12 | 0.12 | 0.11 | 0.11 |
| Dividends Per Share | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 |
| Total Assets | 3,124.88B | 3,322.04B | 3,420.25B | 3,473.23B | 4,005.99B |
| Total liabilities | 2,914.03B | 3,074.31B | 3,142.98B | 3,189.11B | 3,678.23B |
| Total equity | 210,141.24M | 246,691.01M | 275,575.00M | 282,477.15M | 325,677.97M |
| Operating cash flow | -235.04M | 30,864.69M | 178,601.69M | 34,107.92M | 112,045.00M |
Valuation Measures
| Dec 2017 | |
| PER | 6.90 |
| ROA | 1.13% |
| ROE | 13.92% |
| Operating margin | 33.68% |
| Profit margin | 26.58% |
Key executives
- Vice Chairman & President: Shu Gu
- General Manager-Finance & Accounting: Wen Wu Zhang
- Senior Executive Vice President: Hao Hu
- Senior Executive-Vice President: Jiong Tan
- Board Secretary: Xue Qing Guan
Shareholders
- Ping An Asset Management Co., Ltd. (10.0%)
- National Council for Social Security Fund (9.9%)
- Temasek Holdings Pte Ltd. (Investment Management) (8.4%)
- Ping An Insurance (Group) Co. of China Ltd. (6.5%)
- The Vanguard Group, Inc. (3.0%)
- BlackRock Fund Advisors (2.0%)
- Norges Bank Investment Management (1.3%)
- Hang Seng Investment Management Ltd. (1.1%)
- Dimensional Fund Advisors LP (0.9%)
- State Street Global Advisors Asia Ltd. (0.8%)
Contact Details
- Website:http://www.icbc-ltd.com
- Address: No. 55 Fuxingmennei Avenue, Xicheng District, Beijing, 100140, China
- Phone: +86.10.6610.6114
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Competitors
- Kasikornbank Public Co. Ltd.
- TISCO Financial Group Public Co. Ltd.
- Grupo Financiero Galicia SA Class B
- Kiatnakin Bank Public Co. Ltd.
- Grupo Supervielle SA Class B
- Fly Leasing Limited Sponsored ADR
- Chorus Aviation Inc.
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