On the early morning of May 26, Beijing time, the S&P Global Market Intelligence released the latest global bank rankings. The Industrial Bank with total assets of $ 815.85 billion ranked No.35 in the list, moving up 5 positions over last year and strengthening its position among the top 50 global banks.
According to the list, 15 banks in China emerged among the top 100 global banks and 11 of them were among the top 50. Four state-owned banks occupied the top four places. Bank of Communications, Postal Savings Bank of China, China Merchants Bank, Industrial Bank, China Citic Bank, Shanghai Pudong Development Bank, China Minsheng Bank ranked the 23rd, 24th, 32nd, 35th, 37th, 39th, 43rd respectively. The Industrial Bank moved up 5 places from the 40th last year to the 35th this year and was among the top 8 in China.
Since 2015, faced with China’s entering into a painful phase of economic transformation and upgrading, the Industrial Bank has always furthered the reform and transformation, taken the initiative to flexibly adjust operation policies and effectively seized market opportunities. Therefore, all businesses have maintained steady growth.
By the end of 2015, the total assets of the Industrial Bank have reached 5298.880 billion yuan, up by 20.25% compared with the beginning of the year. Its net profit ran up to 50.207 billion yuan with a year-on-year growth of 6.51%; the total operation revenue was 154.348 billion yuan with a year-on-year growth of 23.58%; the pre-provision operating profit was 108.069 billion yuan with a year-on-year growth of 25.52%; return on total assets and net assets were 1.04% and 18.89% respectively, remaining excellent in China.
As a market-oriented and innovative commercial bank, the Industrial Bank always adheres to differentiated development, seizes market opportunities, opens up the new blue ocean and gains competitive edge in many fields with unique characteristics. Green finance, inter-bank platforms and online financial services remain No.1 in the market and develop rapidly, and it does well in lightweight transformation.
In 2016, the Industrial Bank, driven by “Four Wheels”, namely, vigorously developing wholesaling finance, promoting industrial and commercial finance, accelerating the development of retail finance, improving and developing capital management finance, will continue its endeavor in “comprehensive finance” and “saving capital” toward the target of being a world-class bank.