Industrial and Commercial Bank of China was established on 1 January 1984. On 28 October 2005, the Bank was wholly restructured to a joint-stock limited company. On 27 October 2006, the Bank was successfully listed on both Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited. Through its continuous endeavour and stable development, the Bank has developed into the top large listed bank in the world, possessing an excellent customer base, a diversified business structure, strong innovation capabilities and market competitiveness and providing comprehensive financial products and services to 5,320 thousand corporate customers and 496 million personal customers. The Bank continued to promote reform, innovation and operation transformation. The Bank’s assets and liabilities business kept stable profitability during the structural adjustment. Retail banking, asset management and investment banking became important engines driving the profit growth, and the development of internet-based finance with leading edge gave impetus to the fundamental reform on operation and management models and service methods. The pattern of internationalised and diversified operation was further improved, covering 42 countries and regions, and overseas operations and comprehensive subsidiaries of fund, insurance and leasing contributed more to the Bank’s profit-making. In 2015, the Bank was named the “Best Emerging Markets Bank” by Euro-money, and ranked 1st place among the Top 1000 World Banks by the Banker and the Global 2000 listed by the US magazine Forbes for the third consecutive year.

Financial Highlights

As at the end of 2015, total assets of the Bank amounted to RMB22,209,780 million, RMB1,599,827 million or 7.8% higher than that at the end of the previous year. Total liabilities of the Bank amounted to RMB20,409,261 million, RMB1,336,612 million or 7.0% higher than that at the end of the previous year.

In 2015, the Bank realized a net profit of RMB277,720 million, up 0.5%. Return on average total assets stood at 1.30%, and return on weighted average equity was 17.1%. Core tier 1 capital adequacy ratio stood at 12.87%, tier 1 capital adequacy ratio 13.48%, and capital adequacy ratio 15.22%. Operating income amounted to RMB697,647 million, recording an increase of 5.9%. Specifically, net interest income was RMB507,867 million, growing by 2.9 %. Non-interest income reached RMB189,780 million, rising by 14.8%. Operating expenses amounted to RMB338,112 million, recording an increase of 13%, and cost-to-income ratio dropped by 1.26 percentage points to 25.49%.