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ICBC is Euromoney's "Best Banking & Financial Company in China"
 

ICBC's strong financial muscle led the pack in the Euromoney's 2010 best listed companies poll. ICBC was awarded the title of "Best Banking & Financial Company in China".

Euromoney invited market analysts to rank the 800-odd publicly traded companies in Shanghai Stock Exchange and nominate the top company in each sector. Banking and financial sector mainly covers banks, securities or futures companies. The companies were ranked in four areas of profitability, market strength, growth potential and corporate governance.

In recent years, ICBC maintains good profitability growth by substantial change in business operation, internal management and innovation. As such, ICBC stages a remarkable rise every year in after-tax profit, equity return rate as well as total asset return rate. Many new products and services are on the pipeline. Main services are progressing steadily. ICBC retains its top position in the domestic league tables of loan, bond underwriting, asset custody, bank card and corporate annuity. Today, ICBC is the world's largest bank by deposit base. Over the years ICBC strictly executes its strategy of steady operation. While gathering pace in moving forward, ICBC is working towards sustainable growth through optimized portfolio in asset, liability and income. ICBC stands at the forefront of corporate governance and is committed to sound business decisions, good performance and monitoring, and high standard of corporate governance. Winning the Euromoney's "Best Banking & Financial Company in China" is a testament of ICBC's strong market influence and recognition.


(2010-01-27)
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