Industrial and Commercial Bank of China Ltd. · Beijing China
Company Description
Phone: +86-10-6641-0055
Fax: +86-10-6641-1089
Rankings
- Hang Seng
- #4 in FT Global 500
View Industrial and Commercial Bank of China Ltd. Locations On A US Map
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This link will open in a new window In the event not every young man wants to go west, Industrial and Commercial Bank of China (ICBC) is able to finance trips elsewhere. The firm is one of China's biggest banks -- and one of the largest in the world. ICBC, which went public in 2006 in a record-setting IPO, manages around 17,000 domestic branches and more than 100 overseas branches and offices. The bank's financial services, offered in both the Chinese renminbi (or yuan) and foreign currencies, include wholesale, retail, E-banking, and international business for more than 2.7 million corporate clients and more than 170 million individual clients. It oversees about a quarter of the total domestic assets owned by China's commercial banks. To read the full description, subscribe now.
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Key Industrial and Commercial Bank of China Ltd. Financials
| Company Type | Public Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $45,193.7 |
| 2008 Employees | 385,609 |
Industrial and Commercial Bank of China Ltd. Executives
22 executives listed for Industrial and Commercial Bank of China Ltd.'s Beijing, location.
| Title | Name & Bio | Contact |
| Chairman and Executive Director | Jiang Jianqing | Network |
| Vice Chairman and President | Yang Kaisheng | Network |
| Chief Risk Officer | Wei Guoxiong | Network |
Competition
Competitive Landscape for Industrial and Commercial Bank of China Ltd.
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top Industrial and Commercial Bank of China Ltd. Competitors
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