Industrial and Commercial Bank of China taking first in the world to become the world's largest commercial banks

As of March 31, 2009, China Industrial and Commercial Bank of China has been the balance of the customer deposits more than 8.9 trillion yuan (more than 1.3 trillion U.S. dollars), representing the beginning of an increase of more than 9500 billion yuan, became the first global customer deposits of commercial banks. If included in the financial deposits, the bank deposits reached 9.7825 trillion yuan (about 1.44 trillion U.S. dollars).

In recent years, Europe and the United States and other countries through continuous cross-largest bank mergers and expansion, making it the rapid increase in assets and deposits. At present, the first U.S. banks JP Morgan Chase Bank, because the acquisition of the largest U.S. savings bank Washington Mutual Bank, deposits reached a record high of 1.0093 trillion U.S. dollars. Corresponding to the ICBC is basically within the endogenous development.

In fact, has been owned ICBC Bank in China and the world's largest customer groups, ICBC is currently the number of corporate clients of 3.1 million individual customers reached 190 million.

It is worth mentioning that the ICBC to speed up the business transformation, focused on changes to the trading banks to develop financial management and cash management business, as well as business and financial intermediary business. ICBC in 2008 self-developed financial products sales 2.1976 trillion yuan, an increase of 715%. First quarter of this year, ICBC's financial management and product sales reached 1.2 trillion yuan.

A high-level big banks said that as a basis for the commercial banking, business has been a long time customer deposits that banks the most important sources of funding.

However, since the new century, a number of European and American commercial banks and investment banks take the initiative taken by the balance model, the adoption of the initiative in the financial market to issue bonds, notes and other financial tools, access to capital and China's commercial banks deposit base in the position of adhering to the premise of On the one hand, to better control the cost savings, and wealth management business through the effective management of streaming and customer deposits, on the other hand, efforts to change business model and mode of development, expanding the area of loans and adjusted the credit structure, vigorously develop intermediary business at the same time broaden the sources of income.

Pointed out that the high-level, these two development models of the most significant difference lies in the formation of the different structure of assets and liabilities. ICBC in 2008 as the loan-to-deposit ratio was 55.6%, while the active mode of bank liabilities, loan-to-deposit ratio is generally around 100% in individual banks or even close to 150%.

"Before the outbreak of the financial crisis, due to the smooth operation of financial markets, ample market liquidity, lower financing costs, the performance of these two models is basically equal. But with the outbreak of the international financial crisis, financial market liquidity and the rapid decline of , take the initiative of the bank liabilities model suddenly surging cost even less than financial capital, when the balance on the one hand, take the initiative due to be redeemed in advance, on the other hand, can not hold assets to expected realizable price, which for these banks of the fatal blow. and sound development model to take deposits because the bank has a reliable source of funding was very stable. "said the senior.

The senior also said that after the crisis, bank deposits for the importance of liquidity management by re-understanding of the scope of the current global commercial banks are taking a renewed focus on business trends, such as Goldman Sachs, Morgan Stanley and other former investment banking giant in the process of change can absorb deposits from the public for the commercial banking group, a single mode from the Wall Street investment bank disappear. This may be regarded as a kind of "regression" or "correction."