ICBC: THE BIG BANK
Industrial and Commercial Bank of China Limited is a Chinese multinational company specialised in banking, finance and investment services. The ICBC is the number one bank globally. The bank can be termed as the Big Bank of the world.
This Big Bank is credited with a number of achievements in its portfolio including top ranks in The Banker’s Top 1000 World Banks ranking and also Forbes Global 2000 list of the world’s biggest public companies.
ICBC was founded in 1984 and is headquartered in Beijing. Yi Huiman is acting as the Chairman and the Executive Director. The company has an employee strength of half a million.
With a net asset close to $5 trillion, ICBC reigns the global corporate world as the biggest public company outnumbering a number of known corporate entities. The presence of a global banking powerhouse had immensely helped the manufacturing sector in China to pull an impressive growth in the last few decades.
The state funding and support was instrumental in the growth of the company. Periodical infusions to counter the effects of bad loan problem had significantly reduced the Non-Performing Assets (NPAs) of the company.
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