Industrial and Commercial Bank of China (ICBC)

The Industrial and Commercial Bank of China (ICBC) is a large commercial bank in China and among the largest banks in the world in terms of total assets and tier-one capital. Founded in 1984, ICBC is listed on the Singapore and Hong Kong stock exchanges. It has 10.7 million corporate and 720 million individual customers. Its distribution network spans 16,000 domestic and 400 overseas institutions. In 2022, ICBC had total operating income of RMB918.0 billion, net profits of RMB361.0 billion and customer deposits of RMB29,870.5 billion. In 2022, ICBC had total assets of RMB39,610.7 billion and was ranked 22nd on the Fortune 500 list.