Recently, the magazine Forbes issued the 2014 ranking of Forbes Global 2000, in which Industrial Bank (IB) ranked No. 129, a further rise of 13 positions after rising 101 positions in the last year. As one of the enterprises witnessing the fastest elevation in terms of positions in the same period, IB ranked No. 13 among the listed Chinese companies.
Based on the overall evaluation of dimensional indexes in the previous year including asset scale, market value, operating income and profit, the ranking of Forbes Global 2000 is one of the world’s most authoritative and eye-catching list for commercial enterprises.
In 2013, in confrontation with the complicated and austere economic and financial situation and increasingly changing market environment, IB kept furthering reform, pushing business transformation, and improving business structure, thus delivering a bright answer sheet in terms of performance. At the end of 2013, the total assets of the bank hit RMB 3.68 trillion, up by 13.12% over the beginning of this year; the operating incomes, breaking through RMB 100 billion, registered RMB 109.287 billion, a YoY increase of 24.73%; and the net profits reached RMB 41.211 billion, a YoY increase of 18.70%. According to the list of Forbes, the sales volume, profits and total assets of IB in 2013 respectively rose 214, 54 and 24 positions over the last year, ranking No. 28, 17 and 33 respectively among banks around the world. With a number of subsidiaries under its sole investment or controlling by shares, which engage in trust, lease and fund, now IB has grown into a modern financial service group focusing on the principal banking businesses and covering trust, lease, fund, and assets management. It has made its presence in Global Top 50 Banks.
In the list, Chinese enterprises have an outstanding performance, accounting for 5 of the top 10 and the top 3 banks are all Chinese-funded ones. In terms of number of listed enterprises, those from the Chinese Mainland rose to 149, ranking No. 3 following US and Japan. In terms of industries, enterprises engaging in banking and diversified financial businesses remain securely the first group with 467 listed, of which 20 are banks from the Chinese Mainland, 3 more than the figure in the last years.