Recently, Industrial and Commercial Bank of China (“ICBC”) was ranked first among the “Top 100 Chinese Banks” by China Banking Association for the seventh consecutive year.
China Banking Association has released the “Ranking of Top 100 Chinese Banks” for seven consecutive years since 2016. The ranking follows the principles of simplicity, objectivity, and professionalism and takes into consideration the requirements of Basel III and relevant regulators. In the order of net Core Tier 1 capital, the ranking lists the top 100 Chinese banks and displays their operation scale, profitability, operating efficiency and asset quality. The data mainly comes from the annual reports disclosed by all types of Chinese commercial banks.
According to the International Financial Reporting Standards, as at the end of 2021, the ICBC Group achieved an operating income of RMB860.9 billion, an increase of 7.6% from the previous year; a pre-provision profit of RMB627.5 billion, an increase of 5.5% from the previous year; and a net profit of RMB350.2 billion, an increase of 10.2% from the previous year. Both the return on average total assets and the return on weighted average equity were higher than those in the previous year; and the capital adequacy ratio was 18.02%. The NPL ratio stood at 1.42%, down 0.16 percentage points from the end of the previous year. The allowance to NPLs increased to 205.84% quarter by quarter. These indicators have not only shown ICBC’s good coordination and balance in value creation, market position, risk control, and capital constraints, but also displayed its bright prospect and strong resilience of becoming a larger, stronger and better bank.
During the reporting period, ICBC remained the first in the domestic financial sector in terms of market capitalization. The Bank was ranked the 1st place in the Global 2000 by Forbes and among the Top 1000 World Banks by The Banker. In particular, the Bank was ranked the 1st place among the Top Banking Brands for the sixth consecutive year. As per the suggestion from the Board of Directors, the total dividends of ICBC’s ordinary shares in 2021 were RMB104.5 billion, namely, the pre-tax dividends per ten shares were RMB2.933.