Industrial and Commercial Bank of China reported full-year 2024 net profit of RMB 366.95 billion, a 0.5% increase year-on-year. ICBC is the world's largest bank by total assets. The results were published on 28 March 2025.
Total assets reached RMB 48.82 trillion at year-end, with customer loans exceeding RMB 28 trillion. The net interest margin stood at 1.42%. Operating income fell 2.5% to RMB 821.8 billion, while credit impairment charges fell 15.5%.
OVERSEAS OPERATIONS
Pre-tax profit from overseas institutions exceeded USD 4.4 billion for the full year, representing a 19% increase on the prior year.
Overseas institutions contributed USD 4.40 billion, or 7.6% of group pre-tax profit, in 2024, with Hong Kong and Macau accounting for most of the year's increase.