A few days ago, the list of “Top 1000 World Banks 2013” of the British Magazine, The Banker, an international authoritative finance media, was announced, and Industrial Bank (IB) rose to the 50 th place by 11 positions over the last year in terms of total assets, and ranked No.2 among similar domestic banks; it ranked No.55 in terms of Tier 1 capital, up by 14 positions over the previous year.
In recent years, IB seized market opportunities, adhered to the differentiated business strategies, and kept pushing business transformation and specialized reform of business lines, thus increasing its overall strength continuously. Compared with 2007 when IB launched its A-share IPO at home, its rank in the Top 1000 World Banks has achieved a striking leap over the six years. In terms of total assets, it went from the 145 th place in 2007 to the 50th place, a frog-leap of 95 positions; in terms of Tier 1 capital, it rose to No.55 from No.260 in 2007, up by 205 positions.
In recent years, the capital strength and asset scale of IB both witnesses fast growth. As shown in the bank's report of the last year, by the end of 2012, the total assets of IB reached RMB 3250.975 billion, increasing RMB 842.177 over the beginning of the year, up by 34.96%; and the Tier 1 capital reached RMB 170.472 billion, increasing RMB 58.881 billion, up by 52.77% over the beginning of this year.
As shown by the ranking, 96 Chinese banks were covered into the top 1000, with 4 of them ranking among the top 10, including Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Bank of China (BOC) and Agricultural Bank of China (ABC).
Brian Caplen, Chief Editor of the British magazine, The Banker, said:“In recent years, the banks in Europe and America have all remained stagnant or even became contracted, but those in China have been extending their scales with the fast economic growth of the country. In many assessment indexes for this list, their scores are equal to or higher than those of west banks. Nevertheless, they also face a great trial that is how to respond to the slowing growth of China's economy in the coming years.”
The British magazine, The Banker, which started its publication in 1926, boasts a database of 5000 banks around the world. The ranking of “Top 1000 World Banks”, which has been released since 1970, is deemed as the ruler for assessing the overall strength of banks around the world, and it serves as a “barometer” for the development and changes in the banking industry of all countries around the globe.