House of the Year, China


Industrial and Commercial Bank of China (ICBC) - China's largest commercial bank - has made great strides in implementing up-to-date credit and market risk management systems in the past year.

The advances have great significance for ICBC. Before its restructuring from a state-owned enterprise into a commercial bank and its public listing in 2006, ICBC's non-performing loan (NPL) ratio had risen to more than 34% of its loan book, a level that nearly brought the bank to its knees, as bankrupt and