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Industrial and Commercial Bank of China Ltd
XMUN:ICK

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Industrial and Commercial Bank of China Ltd
XMUN:ICK
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Price: 0.7535 EUR -0.88% Market Closed
Market Cap: €268.6B

Industrial and Commercial Bank of China Ltd
Investor Relations

Industrial and Commercial Bank of China is one of China’s largest commercial banks. It takes deposits, makes loans, processes payments, and handles everyday banking for individuals, businesses, and government-linked customers. It also offers services such as credit cards, wealth management, trade finance, foreign exchange, and custody services through its branch network and financial subsidiaries. Its main customers are retail savers and borrowers, small and medium-sized businesses, large corporations, and public-sector clients. The bank earns most of its money by lending deposits out at higher rates than it pays on savings, and by charging fees for payment, card, investment, and transaction services. Like other universal banks, it sits at the center of the financial system by moving money, extending credit, and helping customers manage cash and risk. What makes ICBC different is its role as a huge state-backed lender in China’s banking system. It is closely tied to the country’s domestic economy, especially business lending, corporate banking, and cross-border trade flows. That gives it a business model built around stable deposit funding, large-scale loan books, and fee income from the basic plumbing of finance rather than from selling consumer products or making speculative investments.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 29, 2026
AI Summary
Q1 2026

Profitability: ICBC said Q1 was its strongest start in recent years, with revenue of RMB 222 billion, up 8.4% year on year, and net profit of RMB 88 billion, up 3.9%.

NIM Recovery: Net interest margin rose to 1.29%, up 1 bp, which management called the first increase since 2009/2019 in their wording, helped by stable policy rates and lower funding costs.

Credit Growth: Loan growth was steady rather than aggressive, with management saying it will avoid front-loading and will focus on more balanced credit deployment across the year.

Asset Quality: Asset quality stayed stable, with NPL ratio at 1.31% and provision coverage at 214.38%; management said the Middle East conflict has had only limited impact so far.

Fee Income: Net fee and commission income rose 5.2%, and management said it expects positive full-year growth, supported by wealth management, pensions, payments and corporate services.

AI and Digital: ICBC said AI is already being used in trading, fraud detection, customer service and investment decisions, and management sees it reshaping the banking model over time.

Key Financials
Revenue
RMB 222 billion
Net profit
RMB 88 billion
Net interest income
up 7.5% YoY
Net interest margin
1.29%
Net fee and commission income
up 5.2% YoY
Other non-interest income
up 38.9% YoY
Total assets
RMB 55.77 trillion
Total loans
RMB 31.7 trillion
Financial investments
RMB 17.87 trillion
Customer deposits
RMB 38.59 trillion
Average daily customer deposits
up 4.19%
NPL ratio
1.31%
Provision coverage ratio
214.38%
NPL disposals
RMB 70.5 billion
Write-off efficiency ratio
2.2
Retail AUM
over RMB 26 trillion
Daily average retail deposits
up RMB 1.46 trillion
Savings deposit mix
77.5%
Non-deposit AUM mix
22.5%
Rollover ratio
over 90%
Corporate financing growth
11.5%
Domestic RMB corporate loan growth
10.7%
Domestic RMB loan growth
6.9%
Corporate bond investments growth
37.9%
Science and technology finance loans
RMB 5 trillion
Investment banking projects
over 2,400
Interbank market making share
20%
Share in the four big banks
31%
Global network coverage
69 countries and regions
Bank partnerships
over 1,400 foreign banks
RMB clearing countries
12 countries
Special RMB financing quota
RMB 1 trillion
Other Earnings Calls
2026
2024
2022
2019
2018

Management

Mr. Lin Liao
Executive Chairman

Lin Liao is known for his significant contributions to the banking sector, particularly through his role at the Industrial and Commercial Bank of China (ICBC) Ltd. As an executive at ICBC, which is one of the world's largest banks by total assets, Liao has played a crucial role in various strategic initiatives and operations aimed at enhancing the bank's growth and global footprint. His tenure at ICBC has been marked by efforts to strengthen the bank’s technological capabilities and improve its customer service frameworks. Lin Liao has been involved in steering projects that focus on financial technology advancements, helping ICBC maintain its competitive edge in an increasingly digitalized financial environment. Additionally, his leadership has been central to fostering international partnerships and expanding ICBC’s influence in global markets. Lin Liao's expertise in finance and management, coupled with his insights into global financial trends, has been instrumental in executing the bank's strategic vision. His career at ICBC highlights a commitment to innovation and excellence in banking operations.

Mr. Jingwu Wang
Senior Executive VP, Chief Risk Officer & Executive Director

Jingwu Wang is a notable executive associated with the Industrial and Commercial Bank of China (ICBC), one of the largest banks in the world. He has played a significant role within the institution, leveraging his expertise in banking and finance to contribute to the bank's operations and strategic growth. In his role at ICBC, Wang has been involved in various aspects of banking, including corporate governance, risk management, and financial oversight. His leadership and experience have been instrumental in guiding the bank through the complex landscape of international finance, ensuring compliance with global standards, and fostering innovation in financial services. His work has not only contributed to ICBC's standing as a leading global financial institution but also to the broader banking sector through his insights into banking practices and economic development. Wang's contributions are indicative of the pivotal role played by seasoned executives in the success and stability of major financial entities like ICBC. For the most accurate and detailed information, it is recommended to refer to official resources or announcements from ICBC or financial industry updates.

Mr. Fenglin Tian
Chief Business Officer

Mr. Fenglin Tian has been recognized for his leadership and contributions at the Industrial and Commercial Bank of China Ltd. (ICBC), one of the largest banks globally by total assets. As an executive officer at ICBC, he has played a pivotal role in steering the bank's strategies and operations. Tian's expertise spans various areas of banking, including corporate governance, risk management, and international expansion, aligning with ICBC's vision of strengthening its global presence. He has also been actively involved in enhancing the bank's technological innovation initiatives to keep pace with the rapidly evolving financial industry. Tian's influence in financial circles is reflected in his commitment to driving sustainable banking practices and fostering economic growth through strategic partnerships and investments.

Mr. Mingde Yao
Senior Executive Vice President

Mingde Yao is a notable figure in the Chinese banking sector, prominently associated with the Industrial and Commercial Bank of China Ltd. (ICBC), one of the world's largest banks by total assets. Yao has played a significant role in ICBC's operations and strategic development, having held various leadership positions within the organization. Yao's career at ICBC is marked by his extensive experience in banking and finance, where he demonstrated expertise in areas such as risk management, corporate governance, and financial strategy. At ICBC, he was responsible for overseeing critical components of the bank's operations, contributing to its growth domestically and internationally. His work has been instrumental in ICBC's expansion efforts and in maintaining its reputation as a leading global financial institution. Yao has been recognized for his leadership skills and his ability to navigate the complexities of the banking industry, particularly in a rapidly evolving economic environment. Furthermore, Yao's tenure at ICBC has coincided with the bank's increased focus on integrating technology and innovation into its services, enhancing customer experience, and improving operational efficiency. Under his guidance, the bank has continued to strengthen its position in both domestic and international markets. Overall, Mingde Yao's impact on ICBC and the broader banking sector underscores his significance as a leader in the financial industry.

Mr. Jun Liu
President & Vice Chairman

Jun Liu is an executive at the Industrial and Commercial Bank of China Ltd. (ICBC), a leading global banking institution headquartered in China. As of the latest available information, Jun Liu has held a prominent position within the organization, contributing to its strategic operations and overall success. He is known for his expertise in financial management and corporate governance, bringing extensive experience in the banking sector to his role. At ICBC, his responsibilities may include overseeing various financial operations, implementing corporate strategies, and ensuring compliance with regulatory requirements, although specific duties can vary based on his exact position within the bank. Jun Liu's leadership is characterized by a focus on innovation, efficiency, and customer service, aligning with ICBC's mission to maintain its status as one of the world's largest and most successful banks. His work helps in driving the bank's growth both domestically and internationally.

Mr. Rujun Shen
General Manager of Finance & Accounting Department

Rujun Shen is a notable figure associated with the Industrial and Commercial Bank of China Ltd (ICBC), one of the world's largest banks by total assets and market capitalization. Shen has held significant positions within the ICBC, contributing to its growth and development in the global financial market. His strategic leadership and expertise in banking and finance have been instrumental in steering the bank's initiatives and operations. Shen's work is marked by a deep understanding of financial markets, regulatory requirements, and the importance of integrating technological advancements in banking services. His role in ICBC highlights the bank's commitment to maintaining a robust presence in international markets while fostering innovation and efficiency. Please note that specific and up-to-date details about his current role or accomplishments within the company might require accessing recent corporate disclosures or press releases from ICBC.

Mr. Zou Xin
General Manager of Corporate Strategy & Investor Relations

Zou Xin is a prominent figure at the Industrial and Commercial Bank of China Ltd (ICBC). He serves as a senior executive vice president of the bank. In this role, he plays a critical part in leading various strategic initiatives and managing the bank's operations to ensure its influential stature in the global banking sector. With extensive experience in banking and finance, Zou Xin has contributed significantly to ICBC's growth and expansion strategies. His expertise spans various areas, including risk management, corporate governance, and compliance, which are crucial for maintaining the bank's reputation and operational excellence. His leadership continues to be integral to ICBC's mission to innovate and lead in the financial services industry.

Contacts

Address
BEIJING
Beijing
No. 55 Fuxingmennei Avenue, Xicheng District
Contacts
+861066108608.0
www.icbc.com.cn
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