Industrial And Commercial Bank Mergers And Acquisitions Under The Belt And Road Initiative Turkey Tekstilbank Performance Analysis

Since General Secretary Xi Jinping put forward the "Belt and Road" initiative in a speech at Nazarbayev University in Kazakhstan in September 2013,China has actively launched cooperation with countries along the "Belt and Road" in the basic field.Fund supporters play an irreplaceable role,which brings them great opportunities,but also intensifies competition in the industry.Banks of various countries are expanding their scale and seizing market share.ICBC,as a representative of domestic banks,is also actively exploring overseas markets.In 2015,ICBC completed the acquisition of Turkey's Tekstilbank and successfully entered the Turkish market.This article mainly studies the cross-border M & A activities carried out by domestic commercial banks in the countries along the “Belt and Road”,and adopts a case analysis method to select the case of ICBC's acquisition of Turkey's Tekstilbank.It introduces the background of the two parties,the motivation of the merger,and the process.This paper uses data envelopment analysis to analyze the performance of ICBC's mergers and acquisitions.First,it selects appropriate input-output indicators based on cases,and then uses DEAP 2.1 to calculate efficiency.Finally,it concludes that this is an uneconomical merger of scale.After the merger and acquisition,there are obvious results in the short term,but the long-term advantages have not yet been reflected.Finally,relevant enlightenments and suggestions are given,hoping to provide inspiration and suggestions for cross-border mergers and acquisitions of other commercial banks.The research contents of this article are as follows:First,the concepts related to cross-border mergers and acquisitions of commercial banks are introduced,and the concepts of merger performance and data envelopment analysis are elaborated to lay the foundation for the empirical analysis of merger performance.In terms of theoretical basis,it mainly explains the international production eclectic theory,scale economy theory,and synergy theory in the theory of corporate mergers and acquisitions,and briefly analyzes its specific application in the case.Next,the case of ICBC's acquisition of Turkey's Tekstilbank will be explained in detail,the basic situation of the main merger and acquisition parties,the integration process of mergers and acquisitions and the motivations of mergers and acquisitions.In the motives ofmergers and acquisitions,this article uses the related theories of corporate mergers and acquisitions to analyze the motivations of mergers and acquisitions of both parties in the context of the "Belt and Road".Secondly,this article constructs an evaluation index system based on related principles,and analyzes this case using data envelopment analysis.According to the financial data of the Industrial and Commercial Bank of China for the past seven years from 2012 to 2018,the technical efficiency,pure technical efficiency,and scale efficiency were calculated from the four aspects of profitability,operating growth,asset quality,and solvency.The evaluation results were analyzed in order.It came to the conclusion that this was an uneconomical merger of scale.Finally,this case is summarized,and the empirical implications for the success of the merger and acquisition case of Industrial and Commercial Bank of China are put forward.It is hoped that it will be of reference significance to other commercial banks.Propose optimization suggestions for the shortcomings in the case: review the situation,seize the opportunity,scientifically select the target of mergers and acquisitions,and continue to strengthen the integration of resources,such as accelerating the integration of IT operation systems and teams on both sides,and forming a consulting team to actively connect with ICBC's customer network Solve the problem of insufficient product design adaptability to Chinese customers.The innovation and characteristics of this article lies in the combination of the substantive background of the Belt and Road Initiative,the case of Industrial and Commercial Bank of China's acquisition of Turkish Bank,and the use of DEA data envelopment analysis to calculate and analyze the changes in M & A performance.In the establishment of the DEA model system,according to the characteristics and properties of ICBC,this paper makes targeted improvements to the relevant indicators of input and output on the basis of traditional indicators,and uses the professional software of DEAP2.1 to improve the technical efficiency of ICBC The empirical research on M & A efficiency such as pure technology efficiency and scale efficiency has been conducted,and the research results have been evaluated.