No 4 Industrial & Commercial Bank of China
Fortune Global 500 2014 rank: 25
Revenue: $148,802.6 million
Profit: $42,718.1 million
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.
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Pedestrians walk past a branch of ICBC in Yichang city, central China's Hubei province, April 6, 2014. [Photo/IC] |
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