The results of selection of "Bank of the Year" organized by UK The Banker were announced recently and Industrial and Commercial Bank of China Limited (ICBC) showed itself in the ferocious competition in Asia region by wining the title of the "Bank of the Year in Asia" for the first time. Simultaneously the bank obtained the honor of "Bank of the Year in China" for the 7th time.
Market analysts believe that, in recent years, with strong market competitiveness and lifting international position, ICBC is revving up the shift from a Chinese local bank to a leading international commercial bank. Especially in the past year, under the background that a number of well-known international banks were hit heavily by the increasing worldwide financial crisis in succession, following the moderate operation guideline, ICBC became one of the rare highlights in the global bank industry by overcoming the impact of the downturn of international financial environment and maintaining a persistent moderate trend of high growth lasting many years. The selection of "Bank of the Year" organized by The Banker, one of the famous financial media authorities in the world, enjoys the high reputation in the industry and has been appraised as the industrial standard measuring an excellent bank, not to mention that its regional awards have become the contest focuses of all international banks every year. The fact that ICBC won the title of "Bank of the Year in Asia" further shows that operation performance and development outlook of ICBC have been acknowledged by global top media.
According sources, when introducing the awarding reasons, the famous UK magazine The Banker pointed out that, the operation performance of ICBC re-broke the record in last fiscal year, the profit after tax hit a fresh record and the return of shareholders lifted greatly. Furthermore, ICBC was speeding up the development of internationalization and the establishment of service network covering major financial centers in the world so as to play an increasingly important role in the financial fields of the region and the world.
