Industrial Bank Climbs 144 Places
On April 21st , the latest Forbes Global 2000 rankings were released by Forbes magazine. Companies from a total of 62 countries and regions were included in the rankings. The Industrial Bank climbed 144 places to secure an overall rank of 245th . Moreover, the bank ranked 15 th among the 113 listed companies from the Chinese mainland that made the list.
The Forbes Global 2000 rankings are compiled on the basis of a comprehensive appraisal that considers sales, profit, a ssets and market value. The rankings have long been regarded as the most authoritative and influential rankings of listed companies in the world, offering a full and objective insight into the comprehensive strength and market value of the world's largest and most powerful listed companies. This year, there were a total of 201 enterprises from China that made the list, including 113 companies from the Chinese mainland, 49 from Hong Kong and 39 from Taiwan .
In recent years, the Industrial Bank has remained committed to a strategy of sustainable development. It has conscientiously implemented national macro-control policies and regulatory requirements whilst at the same time adhering to the principles of prudent operation and stable development. This way, the comprehensive strength of the bank has increased on a constant basis, its operations have become more distinct, its management has become more adept and various kinds of businesses have sustained rapid and healthy growth. As of the end of 2009, the total assets of the Industrial Bank were RMB 1.332162 trillion Yuan, realizing an annual after-tax profit of RMB 13.282 billion Yuan and a non-performing loan ratio of 0.54%. The major profitability indexes and asset quality of the bank continue to represent a leading global standard.