Home > News Updates > ICBC News
Solid Operating Strength and Superior Brand Value of ICBC
 

Among "China's Top 500 Enterprises" released recently by China Enterprise Confederation, ICBC was listed among the first five places, and ranked first among China's commercial banks. Meanwhile, ICBC, by right of its operation revenue up to USD23.446 billion, was once again listed among "Global Top 500 Enterprises" appraised by American "Fortune" magazine, ranking 229th place among the top 500 and first in domestic banking.

The above two ranking lists are sequenced according to enterprises' operation revenue, and the difference between them lies in that one is the ranking list of domestic enterprises with strength of China, and the other is the one of world-class leading enterprises. That ICBC was listed among two ranking lists both at home and abroad fully shows that from the perspective of tangible scale ICBC has not only possessed the strength of national leaders among financial enterprises, but also become a world-class financial carrier.

ICBC not only possesses superior tangible scale, but also substantial brand value. According to the ranking list of "China's 500 Most Valuable Brands" jointly developed by World Brand Lab and World Executive Weekly, ICBC, with brand value of RMB48.035 billion, ranked first in domestic banking, exceeding RMB11.843 billion than the banking brand of second place in the ranking list.

Both scale of operation and brand notability are important marks for measuring enterprises' strength. For many years, the scale of operation ICBC has been continuously developed and strengthened, and its brand value has been continuously raised; the scale of assets has developed from more than RMB300 billion at the begging of its establishment to present above RMB6 trillion, its quantities of individual clients and legal person accounts have reached 100 million and more than 8 million respectively, and many of its businesses such as wholesale, retail, bill business, electronic banking, credit card, assets custody service, and clearing, etc. have occupied the biggest market shares at home; huge scale and strength enable ICBC to become the most valuable financial brand in China. In recent years, ICBC has successively been chosen as "China's Best Bank" by British "Banker" Magazine, "Euromoney", and American "Global Finance" Magazine; this year it continued to hold the title of "China's Best Inland Commercial Bank" chosen by "Asiamoney" Magazine, and has gained the laurel of "China's Best Retail Bank" chosen by The Asian Banker Journal for successive three years. These honors not only embody the brand value of ICBC in a concentrated manner, but also raise the added value of this intangible asset and strengthen the core competitiveness of the enterprise.

At present, ICBC has finished its financial restructuring. With capital adequacy ratio meeting the requirements of Basel Accord and fundamental turn for the better of fund quality, the ICBC of stock system will soon come into existence. Relying on huge-scaled tangible assets and intangible assets of substantial value, ICBC is developing and becoming a world-class large modern commercial bank on the basis of reform and innovation, and a world-class financial carrier is making its sail.

Close