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Finance

Industrial & Commercial Bank of China Ltd.

  • 6.03 HKD
  • +0.03
  • +0.50%
  • China
    Apr 18, 2019
  • Ticker
    HKG(1398)
  • Prev. close
    6.00
  • Market cap (HKD)
    2,394.60B
  • Market cap (USD)
    305,231M
  • Shares
    356,406M

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 2018 HKDUSD
Revenue1,377.52B175,760.30M
Gross Profit----
Operating income435,995.10M55,629.03M
Income before tax437,447.24M55,814.31M
Net income352,583.49M44,986.46M
EBITDA----
Diluted EPS0.970.12
Dividends Per Share0.290.03
Total Assets31,587.36B4,034.48B
Total liabilities28,920.97B3,693.91B
Total equity2,649.42B338,395.95M
Operating cash flow500,474.40M63,856.01M
Currency in HKDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 1,274.25B 1,329.76B 1,177.69B 1,240.79B 1,377.52B
Gross Profit -- -- -- -- --
Operating income 450,439.03M 441,666.25M 419,917.92M 417,909.82M 435,995.10M
Income before tax 452,384.71M 445,169.34M 421,419.34M 417,061.15M 437,447.24M
Net income 347,116.27M 341,835.73M 325,111.28M 329,839.35M 352,583.49M
EBITDA -- -- -- -- --
Diluted EPS 0.98 0.94 0.89 0.91 0.97
Dividends Per Share 0.32 0.27 0.26 0.28 0.29
Total Assets 25,761.94B 26,507.50B 26,928.53B 31,316.06B 31,587.36B
Total liabilities 23,840.83B 24,358.57B 24,725.71B 28,753.86B 28,920.97B
Total equity 1,913.05B 2,135.74B 2,190.08B 2,545.92B 2,649.42B
Operating cash flow 239,345.88M 1,384.62B 264,761.29M 873,146.22M 500,474.40M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 164,320.70M 171,526.09M 151,716.72M 159,222.80M 175,760.30M
Gross Profit -- -- -- -- --
Operating income 58,086.07M 56,970.27M 54,096.00M 53,627.56M 55,629.03M
Income before tax 58,336.97M 57,422.13M 54,289.42M 53,518.66M 55,814.31M
Net income 44,762.15M 44,093.19M 41,882.52M 42,326.07M 44,986.46M
EBITDA -- -- -- -- --
Diluted EPS 0.12 0.12 0.11 0.11 0.12
Dividends Per Share 0.04 0.03 0.03 0.03 0.03
Total Assets 3,322.04B 3,420.25B 3,473.23B 4,005.99B 4,034.48B
Total liabilities 3,074.31B 3,142.98B 3,189.11B 3,678.23B 3,693.91B
Total equity 246,691.01M 275,575.00M 282,477.15M 325,677.97M 338,395.95M
Operating cash flow 30,864.69M 178,601.69M 34,107.92M 112,045.00M 63,856.01M

Valuation Measures

Dec 2018
PER5.73
ROA1.12%
ROE13.57%
Operating margin31.65%
Profit margin25.59%

Key executives

  • Vice Chairman & President: Shu Gu
  • General Manager-Finance & Accounting: Wen Wu Zhang
  • Board Secretary: Guan Xueqing
  • Board Secretary: Xue Qing Guan

Shareholders

  • Ping An Insurance (Group) Co. of China Ltd. (11.0%)
  • National Council for Social Security Fund (9.9%)
  • Temasek Holdings Pte Ltd. (Investment Management) (8.4%)
  • The Vanguard Group, Inc. (3.1%)
  • BlackRock Fund Advisors (2.5%)
  • Norges Bank Investment Management (1.4%)
  • State Street Global Advisors Asia Ltd. (0.8%)
  • Fidelity Management & Research Co. (0.7%)
  • FIL Investment Management (Hong Kong) Ltd. (0.7%)
  • Dimensional Fund Advisors LP (0.6%)

Contact Details

  • Website:http://www.icbc-ltd.com
  • Address: No. 55 Fuxingmennei Avenue, Xicheng District, Beijing, 100140, China
  • Phone: +86.10.6610.6114

Related Companies

  • Zhejiang Pinghu ICBC Rural Bank Co., Ltd.
  • Chongqing Bishan ICBC Rural Bank Co., Ltd.
  • ICBC Austria Bank GmbH
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  • ICBC Financial Asset Investment Co. Ltd.
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  • Pingan Life Accompany Enterrise Pension Plan
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  • ICBC Peru Bank SA
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  • Industrial & Commercial Bank of China Mexico SA
  • Industrial & Commercial Bank of China (Hebei Branch)
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  • Industrial & Commercial Bank of China Ltd. (Vientiane Branch)
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  • Industrial & Commercial Bank of China (Poland Branch)
  • Industrial & Commercial Bank of China Ltd. (Hanoi Branch)

Competitors

  • Kasikornbank Public Co. Ltd.
  • Grupo Financiero Galicia SA Class B
  • Grupo Supervielle SA Class B
  • Fly Leasing Limited Sponsored ADR
  • Chorus Aviation Inc.
Last Updated on 18 Apr, 2019

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