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ICBC Defends Top Position by Core Competitiveness among Chinese Commercial Banks
 
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On September 13, The Chinese Banker magazine published the Report on Chinese Commercial Banks’ Competitiveness Evaluation (2014). According to the report, with excellent performance in 2013, ICBC took the First Place in the Ranking of National Commercial Banks in Core Competitiveness for the seventh time in a row and also the First Place in the Ranking of National Commercial Banks in Financial Appraisal for the fourth consecutive time. In addition, ICBC was awarded the "Best National Commercial Bank (2013)” by the same magazine.

Every year since 2005, The Chinese Banker magazine would publicize its research and evaluation results about the competitiveness of Chinese commercial banks in the Report on Chinese Commercial Banks’ Competitiveness Evaluation. As the tenth release by The Chinese Banker magazine, the 2014 Report made research of the whole banking industry based on continuous improvement of previous evaluation models. After various field studies for more than one year, the report analyzed and assessed commercial banks from the perspective of two indicators: core competitiveness and financial appraisal. According to the evaluation results, ICBC ranked No.1 in terms of both core competitiveness and financial strength among 17 national commercial banks, suggesting its leadership amid competition of Chinese commercial banks.


(2014-09-22)
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