Description:
The bank, commonly referred to as ICBC, is the world’s largest by asset size and for years has reported a steady streak of net profit and total asset growth. ICBC kicked off 2014 by agreeing to pay $765 million deal to buy a controlling interest in Standard Bank Group’s London-based Global Markets business. While Chinese banks reported slower earnings growth and higher credit impairment charges in 2013, some observers say capitalization levels remain steady for ICBC and other peers.
Key Financials:
Revenues 148,802.60 11.3%
Profits 42,718.10 13%
Assets 3,124,886.90
fortune.com
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