First of all, ICBC is the world's largest bank by assets. By the end of June 2020, ICBC's assets reached 33 1 trillion yuan. This is twice the GDP of Japan, the third largest economy in the world. The total assets of the national financial machinery are 3 10 trillion, and ICBC accounts for more than one tenth.
Secondly, the deposit scale is the largest. ICBC, the English abbreviation of Industrial and Commercial Bank of China, has been dubbed by many people as "Love survives". This is why Niu's bank customer deposits are as high as 25 trillion, accounting for 82.55% of the total liabilities, accounting for more than a quarter of the total deposits of 99.3 trillion in the six major state-owned banks.
Third, the loan scale is the largest. In all assets, customer loans account for 52.86%, and foreign loans 17.5 trillion, which is three times of Guangdong's GDP. Foreign financial investment accounts for 25.26% of total assets, with a scale of 8.36 trillion.
Fourth, the benefits are the best. In June 2020, ICBC's operating income was 448.456 billion yuan, operating expenditure was 259.8 billion yuan, net interest income was 306.549 billion yuan, operating profit was 65.438+08965438+54 million yuan, and after-tax net profit was 65.438+0497 billion yuan. In the same period, 3,972 A-share listed companies realized a total operating profit of 1.85 trillion yuan, and ICBC's profit exceeded 8%. Revenue is second only to China Tobacco Company, and it is the second most profitable company in China.
Another meaning of calling ICBC a cosmic bank is that ICBC is too big to fail. In the economic mechanism dominated by indirect financing, ICBC plays an important role in the national economy. It is the commander of national monetary policy and enterprise financing, and shoulders the heavy responsibility of promoting investment-oriented economic growth. As can be seen from ICBC's balance sheet, ICBC loans 17.5 trillion, corporate loans 1 1 trillion, personal loans 6.7 trillion, discounted bills 430.7 billion, and loans accounted for 52% of all assets. Other major assets are financial investments, which are mainly used to purchase various bonds and creditor's rights, accounting for 25.26% of the total assets. Among the liabilities, customers' deposits account for 82.55%, and other financial institutions' money accounts for a relatively large proportion, accounting for 7.84% of the total liabilities. This shows that ICBC is too big to fail, otherwise it will be a financial tsunami.
China Industrial and Commercial Bank is one of the four state-owned joint-stock commercial banks in China, and it is the largest enterprise at home and abroad. Therefore, it is called "the journey of the universe".