Top 50 largest companies in the world 2022 (P.2) ICBC: World’s largest bank

24-06-2022

(WorldKings.org) ICBC took the second position of the The Global 2000 2022 by Forbes.

Industrial and Commercial Bank of China Limited (ICBC) is a Chinese multinational bank. ICBC is a state-owned commercial bank. With capital provided by the Ministry of Finance of China, the bank's Tier 1 capital in 2013 was the largest of one thousand global banks, being the first bank headquartered in China to achieve this distinction in modern history.

The company was founded on January 1, 1984. ICBC was then the fourth of the four specialist banks of 1978–1979 to be made, from the taking of control of commercial activities ("industrial credit and savings business") from People's Bank of China so that the latter might be transformed to a newly made central bank.

ICBC was simultaneously listed on both the Hong Kong Stock Exchange and Shanghai Stock Exchange on 27 October 2006. It was the world's largest IPO at that time valued at US$21.9 billion, surpassing the previous record US$18.4 billion IPO by Japan's NTT DoCoMo in 1998.

ICBC 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.

Subsequently, ranked the largest bank in the world 2017 and 2018, by total assets, (31 December 2020, US$4.324 trillion), ICBC was positioned at 1st in The Banker's Top 1000 World Banks ranking. Furthermore, ICBC is considered one of the most profitable companies in the world, ranking fourth according to Forbes. It is considered a systemically important bank by the Financial Stability Board.

In 2020, ICBC has a total number of customers to 680 million. Personal mobile banking customers exceeded 416 million. The company has 449, 226 employees, there are 24 members of the board, with one chairmen, one supervisory board chairman and one vice-chairman.

In Global 2000 2022 list of Forbes, ICBC was ranked 20 in Sales, 6 in Profit, 1 in Assets, and 43 in Market value. It’s also listed in World's Best Banks 2022.

According to Wikipedia; Forbes; ICBC

 


Brian (Collect & Edit) - WORLDKINGS (Source of photos : internet )

 

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