Both banks are commercial banks. In comparison, CITIC Bank is larger than Industrial Bank and has more revenue than Industrial Bank. The corresponding employee benefits will be slightly better than those of Industrial Bank.
But this is not an absolute comparison. In some regions, the advantages and disadvantages of two banks may be reversed. It depends on the region and the proportion of the bank's main business.
1. China CITIC Bank was established in 1987. It is one of the earliest emerging commercial banks established during China's reform and opening up. It is the first commercial bank in China to participate in domestic and foreign financial market financing. It is famous for repeatedly setting many firsts in China's modern financial history.
At home and abroad, it has made positive contributions to China's economic construction.
In April 2007, CITIC Bank was simultaneously listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange's A+H shares.
Adhere to serving the real economy, operate steadily, and keep pace with the times.
After more than 30 years of development, CITIC Bank has become a financial group with total assets exceeding 7 trillion yuan, more than 50,000 employees, and strong comprehensive strength and brand competitiveness.
In 2021, CITIC Bank ranked 16th in the "Top 500 Global Banking Brands" by the British "Banker" magazine; CITIC Bank's Tier 1 Capital ranked 24th in the "Ranking of the World's 1,000 Banks" by the British "Banker" magazine
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2. Industrial Bank Co., Ltd. ("Industrial Bank" for short) was born in Fuzhou City, Fujian Province, at the forefront of China's reform and opening up in 1988. It was listed on the Shanghai Stock Exchange in 2007. It is the first bank approved by the State Council and the People's Bank of China.
One of the first batch of joint-stock commercial banks, it has now developed into a modern comprehensive financial services group that spans both domestic and overseas, integrating online and offline services, covering trust, leasing, funds, financial management, futures, asset management, research and consulting, digital finance, etc.
It is firmly ranked among the top 30 banks in the world and among the top 500 companies in the world.
As of the end of 2020, both total assets and total liabilities have increased by double digits. Total assets are 7.89 trillion yuan, a year-on-year increase of 10.47%, and total liabilities are 7.27 trillion yuan, a year-on-year increase of 10.21%.
Revenue and pre-provision profit also maintained double-digit growth. Operating income exceeded 200 billion yuan for the first time, a year-on-year increase of 12.04%; pre-provision profit exceeded 150 billion yuan for the first time, a year-on-year increase of 14.82%.
Asset quality continues to improve, with the non-performing balance and non-performing ratio falling for the first time in five years, down 3.366 billion yuan and 0.29 percentage points respectively from the end of the previous year. The non-performing ratio is 1.25%, reaching the best level in the past five years.
The risk compensation capability was further improved, with the provision coverage ratio reaching 218.83%, an increase of 19.70 percentage points from the end of the previous year, a new high in the past five years.