Industrial and Commercial Bank of China is not only China’s largest bank in terms of capital, assets and profits, its 2012 results make it the world’s largest bank in terms of Tier 1 capital (which is up 15% to $160.6bn compared with its 2011 figure), total assets under international accounting rules (up 14% to $2789bn) and profits (up 14% to $49.1bn). These figures show enormous growth from 2000, when the bank ranked 10th in The Banker's Top 1000 Banks ranking (with Tier 1 capital of $21.9bn), and 2010, when it ranked seventh (with Tier 1 capital of $91.1bn).
Over the past year, ICBC has shown outstanding growth in many areas as well as strong profitability that few institutions can match: its return on capital reached 30.55% and its return on assets reached 1.76%.
