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Finance
Industrial & Commercial Bank of China Ltd.
- 6.83 HKD
- +0.06
- +0.89%
China
Apr 20, 2018Ticker
HKG(1398)Prev. close
6.77Market cap (HKD)
2,578.84BMarket cap (USD)
328,681MShares
356,406M
In the news
- Nikkei Asia300 Index ends week lower amid technology selloff, trade worries Apr 20, 2018
- Resources stocks lift Nikkei Asia300 Index after oil climbs Apr 19, 2018
- Hong Kong shares up for second day, led by bank and oil stocks Apr 19, 2018
- Energy producers fuel Hong Kong stock market Apr 19, 2018
- Nikkei Asia300 Index rises after China's central bank cuts RRR Apr 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 offers corporate loans, trade financing, deposit-taking and custody activities, corporate wealth management, and corporate intermediary services. The Personal Banking segment provides personal loans, deposit-taking activities, card business, personal wealth management, and personal intermediary services. The Treasury Operations segment involves money market transactions, investment securities, foreign exchange transactions, and the holding of derivative positions. The Others segment represents the leasing services, as well as the assets, liabilities, income, and expenses that are not directly related or 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 | 0.30 | 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 | 0.30 |
| 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
- President & Executive Director: Shu Gu
- General Manager-Finance & Accounting: Wen Wu Zhang
- Senior Executive Vice President: Hao Hu
- Executive Director & Senior Executive VP: Hong Li Zhang
- Member-Supervisory Board & GM-Legal Affairs: Wei Zhang
Shareholders
- National Council for Social Security Fund (9.9%)
- Temasek Holdings Pte Ltd. (Investment Management) (8.3%)
- Ping An Insurance (Group) Co. of China Ltd. (6.5%)
- The Vanguard Group, Inc. (3.0%)
- Hang Seng Investment Management Ltd. (2.2%)
- BlackRock Fund Advisors (1.8%)
- Norges Bank Investment Management (1.3%)
- JPMorgan Whitefriars (UK) (1.0%)
- Dimensional Fund Advisors LP (0.9%)
- State Street Global Advisors Asia Ltd. (0.8%)
Contact Details
- Website:http://www.icbc.com.cn
- Address: No. 55 Fuxingmennei Avenue, Xicheng District, Beijing, 100140, China
- Phone: +86.10.6610.6114
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Competitors
- Kasikornbank Public Co. Ltd.
- Grupo Financiero Galicia SA Class B
- Kiatnakin Bank Public Co. Ltd.
- Grupo Supervielle SA Class B
- Fly Leasing Limited Sponsored ADR
- RBB Bancorp
- Chorus Aviation Inc.
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