OREANDA-NEWS.  August 14, 2012. Euromoney announced the results of its 2012 Best Banks in its survey. By virtue of its remarkable performance, ICBC is way ahead in the competition and awarded "Best Bank in China" for the sixth time. Prior to that, the Bank has been named "Best Domestic Bank in China" by Asiamoney, a sister magazine of Euromoney, reported the press-centre of ICBC. 

Founded in 1969, Euromoney is the world's leading financial markets magazine. The Euromoney "Awards for Excellence" is respected in the industry. Every year banks around the world compete for the Awards. Euromoney says: the Bank bagged the award for its sound development and growing international business.

Over the past year, against the backdrop of uncertain domestic and international economy, ICBC has strengthened business innovation, accelerated restructuring and transformation and produced handsome turnover. Moreover, ICBC witnessed strong growth both in asset scale, net profit and equity return. The balance and rate of non-performing loans have declined for 12 consecutive years. Cost-to-income ratio and capital adequacy ratio remain at a reasonable level. Toady, ICBC has presence in 33 countries and regions, covering all major international financial centers and areas which have important economic relation with China.

Wining this award of "Best Bank in China" is a confirmation to ICBC from the experts, media and the public.