ICBC bolsters fee income

• Published 12 Nov 2009

China's biggest bank has a promising future based on sequential net interest margin recovery, growth in fee income and strict risk control.

In a word, the Industrial and Commercial Bank of China (1398:HKG) is big. Having reported Rmb 100bn ($14.64bn, €9.75bn, £8.8bn) in net profit in the first nine months of this year, ICBC remains the most profitable bank in the world. It is also the world’s largest holder of deposits and the largest bank by market capitalisation.

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