Skip to Content

Industrial And Commercial Bank Of China Ltd ADR - Stock Quote IDCBY

Rating as of

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

Valuation
Currency in USD
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

Economic Moat

INVESTOR

About Quantitative Ratings

Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies withratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating. Click here for more on how to use these ratings.

Industrial And Commercial Bank Of China Ltd ADR'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
Sector Financial Services
Industry Banks - Diversified
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 434,089