ICBC focused its lending activity on sectors that expand China’s economy, including construction, clean energy and agriculture. The bank also added innovations in Internet banking, mobile and cloud computing.
With the acquisition of a majority stake in Standard Bank Plc, ICBC accelerated growth overseas where, present in 40 countries and regions, ICBC is positioned to help Chinese brands going global.
ICBC was listed on the Hong Kong and Shanghai Stock Exchanges in October 2006, transforming from a state- owned commercial bank to a publicly traded entity with a major stake held by the Chinese government. ICBC ranks 17 in the BrandZTM Top 100 Most Valuable Global Brands 2014.
Net income increased 7 percent to $24.0 billion on a 10 percent revenue rise to $80.7 billion, in the first half of 2014. For the full year 2013, net income rose 13 percent to $42.7 billion on revenue of $148.7 billion, a 12 percent gain.