Industrial and Commercial Bank of China (ICBC) is one of the largest banks in the world. In 2012, the Bank ranked number one on Forbes Global 2000 list of worlds biggest public companies. ICBC provides corporate and personal banking, treasury operations, investment banking, asset management, trust, financial leasing and other financial services. Total assets: approx. US$ 2,764 billion (as of September 30, 2012). Market capitalization: US$ 236.4 billion (as of December 31, 2012).
ICBC establishes strong presence by its commercial banking operation and rapid expansion to markets worldwide. ICBC is also a market leader in the country in many business areas of commercial banking.
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No.55 FuXingMenNei Street Xicheng District, Beijing
ID: 779. Updated: 02.05.2013
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14.12.2011 ICBC has been named "2011 Excellent SME Service Organization" at the recent "Fifth China Small and Medium Enterprises Festival" held in Chengdu. More
04.06.2011 ICBC received a business license granted by the Reserve Bank of India for a branch in Mumbai. Earlier, China Banking Regulatory Commission has approved the Bank to set up its Mumbai Branch. More
25.12.2010 ICBC Concludes the World's First Open Direct Trading of RMB Overseas. More
30.11.2010 ICBC reports profit after tax of RMB127.8 billion for the first three quarters of 2010. More
07.07.2010 ICBC Wins International Accolade for Corporate Governance. More
No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters
Suntech will extend banking system at Nordea Bank Poland S.A. - 09.10.2012 Polish based company Suntech S.A. has entered into an agreement with Nordea Bank Poland S.A. to extend the corporate banking system eConnect. Expansion of existing application will increase its usability, making it one of the most innovative solutions in its class on the market. Source: Suntech