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Did You Know: Industrial and Commercial Bank of China is the Largest Bank in the World?

BY Juma · December 26, 2017 05:12 am

What does it take to be the largest bank in the world? Did you know that the Industrial and Commercial Bank of China (ICBC) is the largest bank in the world?

Well, according to Forbes, and in records contained in the Guinness World Records, the bank had an asset value of USD 3.616 trillion in 2016. This figure reflects the market value of its assets.

ICBC has 490 million retail customers and 5,320 corporate customers with branches in Asia, Europe, America and Oceania.

The bank is a government owned bank founded as a limited company in 1984.

Juma is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it.(020) 528 0222 or Email: info@sokodirectory.com

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