China Industrial Bank

China · Banking

Industrial Bank (兴业银行), listed on the Shanghai Stock Exchange (stock code: 601166), formerly known as Fujian Industrial Bank, is a national joint-stock commercial bank headquartered in Fuzhou, Fujian Province, China. It was one of the first joint-stock commercial banks approved by the State Council and the People's Bank of China, and was officially listed on the Shanghai Stock Exchange on February 5, 2007 with a registered capital of 5 billion yuan, making it the first equator bank in mainland China. Currently, the Fujian Provincial Department of Finance is the largest single shareholder of Industrial Bank, holding 18.78% of the shares. According to the "China's Top 100 Banks" ranking published by The Banker magazine in June 2006, Industrial Bank ranked first among national commercial banks in terms of average capital profit rate, and ranked tenth in terms of Tier 1 capital and total assets. As of the end of 2016, Industrial Bank's total assets reached 6.09 trillion yuan, an increase of 14.85% from the beginning of the year, ranking first among joint-stock commercial banks of the same type; its operating income was 157.06 billion yuan, and net profit was 53.85 billion yuan, a year-on-year increase of 7.26%. Its total asset return rate and weighted net asset return rate were 0.95% and 17.28%, respectively, maintaining an excellent level in the industry. In the 2018 Global Bank 1000 rankings published by The Banker, Industrial Bank ranked 26th in terms of Tier 1 capital and 28th in terms of total assets.