ICBC

Chinese transnational bank Industrial and Commercial Bank of China Ltd. ICBC is a state-owned commercial bank that was established on January 1st, 1984, as a limited company. The bank's Tier 1 capital in 2013 was the largest of 1,000 worldwide banks thanks to funding from the Chinese Ministry of Finance, making it the first bank with its headquarters in China to hold this distinction in modern times. ICBC was subsequently ranked first in The Banker's Top 1000 World Banks ranking, every year from 2012, and first (2019) on the Forbes Global 2000 list of the largest public companies in the world.

ICBC was ranked as the largest bank in the world in 2017 and 2018 by total assets (as of December 31, 2020, US$4.324 trillion). ICBC is also regarded as one of the most profitable businesses in the world, ranking fourth, according to Forbes. The Financial Stability Board views this bank as one of systemic importance.

ICBC's market cap was $221.79 billion as of April 2023. ICBC is now the 42nd-most valuable firm in the world according to market cap. The most recent financial reports from ICBC show that the company's current revenue (TTM) is $141.81 billion. The corporation generated $145.30 billion in revenue in 2021, a rise from $128.20 billion in revenue in 2020.

Founded: 1984
Headquarters: Beijing, China
Website: www.icbc-ltd.com