On June 30th, British magazine The Banker released the latest “Top 1000 World Banks”. The Industrial Bank (IB) ranked the 32nd place in terms of Tier 1 capital, moving up 4 positions over last year and the 33rd place in terms of total assets, moving up 9 positions over last year and the 2nd place in the top 50 world banks in terms of the cost-income ratio for its excellent cost control capacity and operation efficiency. In addition, the credit asset percentage of the IB was merely 35.44%, the lowest among the Chinese-funded Bank in the list, reflecting its advantage in adapting market-oriented interest rate and making assets business more diversified.
This annually list of world's top 100 banks, highly specialized and credible, is one of the most predominant and authoritative world bank ratings. It is based on the combined financial statements of all the banks from over 2000 local banks worldwide at the end of last year, take into consideration of bank’s core capital strength in the Basel Agreement and reflects bank’s profit growth and risk resistance capacity by measuring bank capital adequacy.
At present IB has gained nine business licenses, including banking, trust, leasing, funds, futures, assets management, consumer finance, digital finance. Its ranking maintains steady growth and moves up 4 positions this year, versus a growth of 13 positions last year, strengthening its position among the top 50. The annual report revealed that by the end of 2015, its total assets have reached 5298.880 billion yuan, up by 20.25% compared with the beginning of the year; the net profit was 50.207 billion yuan with a year-on-year growth of 6.51%.
The Chinese economy is at a crucial stage of transition from old to new growth drivers and a stage of economic transformation and upgrading, which means new requirements for the banking industry. As the only equator bank in China, the IB takes the lead in serving entity economy and promoting industrial transformation and upgrading, adheres to green development and continues innovation in green finance. In 2016, the IB succeeded in issuing the first green finance bond, registering at the National Association of Financial Market Institutional Investors and also issuing the first long term cum rights medium-term notes, and became the first financial institution in China to sign the Statement by Financial Institutions on Energy Efficiency. By the end of the first quarter, IB has provided green finance of over 850 billion yuan for more than 6000 companies, with financing balance of more than 400 billion yuan. So far its green product service system covers green financing, green leasing, green trust, green fund, green investment and green consumptions and other field, and continues to lead the trend of green finance in the banking industry of China.
Centering on “One System Two Wings” and based on “major investment banks, big asset management, great wealth management”, the IB furthers the strategic transformation of “light asset and high efficiency”. Some emerging businesses including investment banking and custody develop rapidly. By the end of the first quarter, the size of assets custody has reached 7.6 trillion yuan, ranking NO.1 in terms of the number of the custody products and NO.2 in terms of the size of custody; it issued the first circular purchase structural asset backed medium-term notes in China and was among the top 3 in terms of the size of bond underwriting.
As the traditional advantageous business, the inter-bank platform launched new strategies this year, highlighting comprehensive service, integrating group resource, complementing each other’s advantages and enriching the product line and service line of some fields in cooperation with small and medium banks, such as assets management, wealth management, capital usage, investment bank and capital complement; stressing the transaction and planning to put into operation the financial asset transaction and flowing platform.
During the performance information meeting at the end of April this year, Tao Yiping, the president of IB, stated that IB was expected to make greater breakthrough in transformation by driving the “Four Wheels”. First, vigorously develop wholesaling finance driven by investment banks and inter-bank platforms. The ideas and methods of investment banks should be used to produce tailor-made and value-added comprehensive financial solutions. Second, driven by “Three Fast Tracks” of transaction banks and enterprises in finance to promote the development of industrial and commercial finance. Fully engage itself in logistics, capital flow and information flow of enterprises to form a close and cooperative bond with clients. Third, implement new and intelligent service of payment and settlement to accelerate the development of retail finance. Fourth, promote and develop capital management finance driven by the needs to construct a cooperative, coordinated and comprehensive financial service platform, and increase the percentage of net-valued products.