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Finance

Industrial & Commercial Bank of China Ltd.

  • 6.83 HKD
  • +0.06
  • +0.89%
  • China
    Apr 20, 2018
  • Ticker
    HKG(1398)
  • Prev. close
    6.77
  • Market cap (HKD)
    2,578.84B
  • Market cap (USD)
    328,681M
  • 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 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 HKDUSD
Revenue1,240.79B159,222.80M
Gross Profit----
Operating income417,909.82M53,627.56M
Income before tax417,061.15M53,518.66M
Net income329,839.35M42,326.07M
EBITDA----
Diluted EPS0.910.11
Dividends Per Share0.300.03
Total Assets31,316.06B4,005.99B
Total liabilities28,753.86B3,678.23B
Total equity2,545.92B325,677.97M
Operating cash flow873,146.22M112,045.00M
Currency in HKDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 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 2013Dec 2014Dec 2015Dec 2016Dec 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
PER6.90
ROA1.13%
ROE13.92%
Operating margin33.68%
Profit margin26.58%

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.
Last Updated on 20 Apr, 2018

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