Corporate History:
Industrial & Commercial Bank of China or ICBC was established in 1984 with registered capital of 20.80 Billion Yuan and total assets of 333.30 Billion Yuan.Over the years it has grown to become the leading bank and financial institution of China and it did so consistently on a number of vital parameters relevant to banking and finance.
ICBC has added a number of firsts to its list of achievements and is also credited with initiating programs and policies that went long way in improving its services.
Services:
Broadly ICBC provides the following services:- Corporate Banking
- E-Banking
- Bank Card
- Global Transfer
Performance:
In the year 2000 ICBC was awarded the “Best Bank of China” by Euromoney, a British finance journal. Ever since then ICBC steadily climbed to the top of the banking sector in China and is presently setting itself up as a leading global player.ICBC has focused intensively on internet banking and mobile banking and has achieved a high level of efficiency in these two state-of-the-art services that many high end banks provide globally.
Infrastructure & Assets:
At present ICBC has 18,764 branches in China and 106 overseas branches with over 150 million customers both within and outside China.In 2005 ICBC’s:
Total assets were over RMB 6454 Billion,Loans worth over RMB 3289 Billion
Deposits of over RMB 5660 Billion
Investment Banking revenue – RMB 2.018 Billion
Net Profit from operations –RMB 150.551 Billion
Net Interest Income – RMB 137.858 Billion
Net Profit – RMB 33.7 Billion
Investor Relations:
The company maintains healthy investor relations through news releases, financial reports, credit ratings and dividend information.Organization :
Registered office : 55 Fu Xing Men Nei Street, Beijing, PRC.The Bank’s Specific Point of contact or Legal Person Representative : Jiang Jianqing.
Website URL: www.icbc.com
