Valuation of Industrial and Commercial Bank of China (ICBC)
Abstract
Industrial and Commercial Bank of China (ICBC) was established in 1984. ICBC is the largest bank in China. The bank has a presence in 39 countries spanning six continents and provides a wide range of products and services to over 4.38 million corporate customers and 393 million personal customers. The bank has a wide distribution network consisting of 17,125 domestic institutions, 383 overseas institutions, and 1771 correspondent banks worldwide. By 2012, the bank had approximately 315 million e-banking customers with annual transactions that amounted to RMB332.6 trillion. Almost 75% of the transactions were conducted through e-banking channels. In 2012, ICBC topped the Fortune ...
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