Skip to Content

Industrial And Commercial Bank Of China Ltd Class H - Stock Quote 01398

Rating as of

Morningstar's Industrial And Commercial Bank Of China Ltd Class H Stock Analysis

Valuation
Currency in HKD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Capital Allocation

INVESTOR

ICBC’s Q4 Results Show Faster Net Interest Income Growth Than SOE Peers

Iris Tan, CFA Senior Equity Analyst

Business Strategy and Outlook

| Iris Tan, CFA |

Industrial and Commercial Bank of China, or ICBC, is China's largest bank. We think its leading scale efficiency and funding advantages endow it with a narrow economic moat.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics - 01398

Industrial And Commercial Bank Of China Ltd Class H's Company Profile

Business Description

ICBC is headquartered in Beijing and founded in 1984, the bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates 16,270 outlets. Among these outlets, 417 outlets are located in 42 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 43%, 42%, and 14% of total revenue, respectively; and 33%, 46%, and 20% of profit before tax in 2021. Overseas banking and other business contributed 15% of total revenue and 11% of profit before tax in 2021.

Contact
3 Garden Road, 33rd Floor, ICBC Tower
Hong Kong, Hong Kong
T +852 25881188
Industry Banks - Diversified
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 434,089