Finance
Industrial & Commercial Bank of China Ltd.
- 5.35 HKD
- +0.02
- +0.38%
China
Sep 17, 2019Ticker
HKG(1398)Prev. close
5.33Market cap (HKD)
2,101.18BMarket cap (USD)
268,547.87MShares
356,406.26M
In the news
- Financial heavyweights push Hong Kong shares higher Sep 13, 2019
- Asian equities gain after Chinese central bank takes steps to boost lending Sep 9, 2019
- Hong Kong shares flat after China's RRR cut Sep 9, 2019
- Asian stocks climb on trade talk, China stimulus hopes Sep 5, 2019
- Hong Kong real estate companies drag shares lower Sep 5, 2019 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 2018 | HKD | USD |
| Revenue | 1,377.52B | 175,760.30M |
| Gross Profit | -- | -- |
| Operating income | 435,995.10M | 55,629.03M |
| Income before tax | 437,447.24M | 55,814.31M |
| Net income | 352,583.49M | 44,986.46M |
| EBITDA | -- | -- |
| Diluted EPS | 0.97 | 0.12 |
| Dividends Per Share | 0.28 | 0.03 |
| Total Assets | 31,587.36B | 4,034.48B |
| Total liabilities | 28,920.97B | 3,693.91B |
| Total equity | 2,649.42B | 338,395.95M |
| Operating cash flow | 500,474.40M | 63,856.01M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 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 | 0.28 |
| 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 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 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 | |
| PER | 5.73 |
| ROA | 1.12% |
| ROE | 13.57% |
| Operating margin | 31.65% |
| Profit margin | 25.59% |
Key executives
- Vice Chairman, President & General Manager: Shu Gu
- General Manager-Finance & Accounting: Wen Wu Zhang
- Board Secretary: Guan Xueqing
- Board Secretary: Xue Qing Guan
- General Manager-Legal Affairs: Er Gang Fan
Shareholders
- Ping An Insurance (Group) Co. of China Ltd. (14.0%)
- 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 (2.0%)
- Norges Bank Investment Management (1.4%)
- State Street Global Advisors Asia Ltd. (0.8%)
- Fidelity Management & Research Co. (0.7%)
- Hang Seng Investment Management Ltd. (0.7%)
- FIL Investment Management (Hong Kong) Ltd. (0.7%)
Contact Details
- Website:http://icbclondon.com
- Address: No. 55 Fuxingmennei Avenue, Xicheng District, Beijing, 100140, China
- Phone: +86.10.6610.6114
Related Companies
- ICBC Ltd. (Nanjing Xiaguan Branch)
- Industrial & Commercial Bank of China Ltd. Peking
- Zhejiang Pinghu ICBC Rural Bank Co., Ltd.
- Chongqing Bishan ICBC Rural Bank Co., Ltd.
- ICBC Austria Bank GmbH
- Landmark Funding 2015 Ltd.
- Industrial & Commercial Bank of China Luzhou Branch
- Gongyuan Npa Series 2017-7
- ICBC Financial Asset Investment Co. Ltd.
- ICBC Asset Management Scheme Nominee
- Industrial & Commercial Bank of China Jiangxi
- ICBC Turkey Yatirim Menkul Degerler AS
- Industrial & Commercial Bank of China Ltd. (Daqing Branch)
- Industrial & Commercial Bank of China Ltd. (Jianghan Branch)
- Wuhan East Lake Development Zone
- ICBC-AXA Life Insurance Co., Ltd.
- Industrial & Commercial Bank of China Ltd. /Liupanshui Branch/
- Industrial & Commercial Bank of China /Shunde Branch/
- Pingan Life Accompany Enterrise Pension Plan
- Industrial & Commercial Bank of China Ltd. /Busan Branch/
- ICBC Peru Bank SA
- Industrial & Commercial Bank of China Ltd. (Kuwait)
- Industrial & Commercial Bank of China Ltd. (Riyadh)
- Industrial & Commercial Bank of China Mexico SA
- Industrial & Commercial Bank of China (Hebei Branch)
- Industrial & Commercial Bank of China (Pakistan)
- Industrial & Commercial Bank of China (Brazil) SA
- Industrial & Commercial Bank of China (Yangon Branch)
- Industrial & Commercial Bank of China (Paris Branch)
- Industrial & Commercial Bank of China (Mumbai 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.
Copyright © 2019 FactSet Research Systems Inc. All rights reserved.
Last Updated on 17 Sep, 2019