Industrial and Commercial Bank of China Limited (ICBC),China-based commercial bank,Ranks First as the Largest Bank in the World by Market Capitalization

Posted by Jay     Tags: 16 January, 2010    797 views    (0) Comment

As of December 31, 2009, ICBC has a market capitalization of USD 268.982 billion, the largest among all the banks in the world and USD 70 billion more than the second bank in the ranking. Meanwhile, ICBC moved up to the fourth place in the worldwide ranking of publicly traded companies in terms of market capitalization. Beginning from 2009, ICBC has weathered all the negative impacts brought by the global financial crisis and maintained the momentum. Business was steady, risk under Read Full Article (Click here)...

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