OREANDA-NEWS. August 05, 2013. The FinanceAsia magazine recently announced the winners of its 2013 Country Awards. ICBC was named "Best Bank in China" for the sixth year since nominated for the ranking. ICBC won the title primarily credited to its good performance, consistent reform and innovation as well as solid market position.

Over the past year, despite challenging economic and financial conditions at home and abroad, ICBC delivered good performance by steadily pushing forward business transformation. ICBC's solid financial position was further improved, backed by expanding asset scale, increasing net profitability, higher return on equity and falling non-performing loan ratio.

ICBC kept its commitment to serve the real economy by providing active support to advanced manufacturing, service, cultural and strategic emerging industries, improving financial services for small-and-medium enterprises, especially micro-and-small enterprises, as well as expanding financing access with tools such as financial leasing, bond issuance and syndicated loan. On another front, ICBC upgraded its outlet environment and functions with focus on electronic banking, which is now industry-leading in terms of the number of customers, transaction volume and e-banking replacement rate. ICBC also overhauled and optimized its business process to improve service efficiency and customer experience.