Industrial and Commercial Bank of China Limited (ICBC) was successfully listed on both the HKEX and SSE on 27 October 2006. Since then, it has matured and now ranks first in the list of the Top 1000 World Banks by the Bankers. As at 11 March 2019, ICBC is worth HK$ 2.13 trillion in market capitalisation.
In this article, I’ll cover its fundamental strengths, its latest financial results and its valuation figures based on its current stock price of HK$ 5.90 a share. Hence, here are 10 things to know about ICBC before you invest.
Loan and Advances PortfolioICBC has achieved CAGR of 13.5% in its loans and advances assets from RMB 4.4 trillion in 2008 to RMB 13.9 trillion in 2017. Since 2009, it kept its non-performing loan (NPL) ratio at around 1.0% – 1.5% levels, hence, maintaining its asset quality during the 10-year period.
Source: ICBC’s
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