The Industrial and Commercial Bank of China (ICBC; Chinese: 中国工商银行) is the largest bank in China and the world by total assets. Established on January 1, 1984, from the commercial banking operations of the People’s Bank of China, ICBC is majority-owned by the Chinese government. This ownership structure persisted after its landmark initial public offering in 2006. As of the end of 2021, ICBC’s shareholders included Central Huijin Investment (34.7%), the Chinese Ministry of Finance (31.1%), and the National Council for Social Security Fund (3.5%), amounting to a total of 69.3% under the Ministry of Finance’s control.
ICBC became the world’s largest bank by total assets in 2012 and has maintained this position since. It was ranked first on the Forbes Global 2000 list of the world’s top public companies in 2015. As of December 31, 2022, ICBC was the third-largest bank in the world by market capitalization at $211 billion. It is one of the most profitable companies globally, ranking fourth according to Forbes in 2022. The Financial Stability Board (FSB) has designated ICBC as a systemically important bank since the FSB’s listing began.
Notable Alumni
Several former ICBC employees have moved on to prominent government positions in China, including China Securities Regulatory Commission Chairman Yi Huiman and People’s Bank of China Governor Pan Gongsheng.
Market Capitalization of ICBC (1398.HK)
- Market Cap as of May 2024: $253.01 billion
- This makes ICBC the world’s 42nd most valuable company by market cap.
- Market capitalization, commonly known as market cap, is the total market value of a publicly traded company’s outstanding shares and is used to measure a company’s worth.
Revenue for ICBC (1398.HK)
- Revenue in 2023 (TTM): $115.67 billion
- Revenue in 2022: $131.51 billion
- Revenue in 2021: $145.30 billion
Revenue is the total amount of income generated by the sale of goods or services without subtracting expenses.
Earnings for ICBC (1398.HK)
- Earnings in 2023 (TTM): $58.25 billion
- Earnings in 2022: $62.71 billion
- Earnings in 2021: $65.68 billion
The earnings displayed are the company’s pretax income.
Stock Price History for ICBC (1398.HK)
- Highest End of Day Price: 7.440000 HKD ($0.95 USD) on January 29, 2018
- Lowest End of Day Price: 2.747091 HKD ($0.35 USD) on October 27, 2008
P/E Ratio for ICBC (1398.HK)
- P/E Ratio as of May 2024 (TTM): 4.27
- At the end of 2022, the P/E ratio was 3.59.
- The price-to-earnings (P/E) ratio measures the company’s current share price relative to its per-share earnings.
P/S Ratio for ICBC (1398.HK)
- P/S Ratio as of May 2024 (TTM): 2.20
- At the end of 2023, the P/S ratio was 1.89.
- The price-to-sales (P/S) ratio compares the company’s stock price to its revenue.
P/B Ratio for ICBC (1398.HK)
- P/B Ratio as of May 2024: 0.4742
- The price-to-book (P/B) ratio measures the stock market’s valuation of a company compared to its book value.
Dividend History for ICBC (1398.HK)
- Total Dividend Payments: 17
- The sum of all dividends (adjusted for stock splits) is $0.53.
- Dividend Yield (TTM): 6.98%
Number of Shares Outstanding for ICBC (1398.HK)
- As of May 2024: 365,220,833,333 shares
- The number of outstanding shares can be influenced by stock splits and share buybacks.
Total Assets for ICBC (1398.HK)
- As of March 2024: $6.592 trillion
- Total assets include all current and non-current assets, such as inventories, cash and cash equivalents, properties, and equipment.
Total Debt for ICBC (1398.HK)
- As of March 2024: $283.62 billion
- Total debt is the sum of all current and non-current debts on the balance sheet.
Net Assets for ICBC (1398.HK)
- As of March 2024: $536.90 billion
- Net assets are calculated as the total assets minus total liabilities.
This detailed overview of the Industrial and Commercial Bank of China (ICBC) provides comprehensive insights into the bank’s market position, financial performance, and historical background, useful for investors and financial analysts.
