Industrial and Commercial Bank of China (ICBC) is one of the largest banks in the world. In 2011, the Bank ranked number 7 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$ 1.9 trillion (As of March 2010).
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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Industrial and Commercial Bank of China (ICBC) :: Press Releases
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
Financial News
Three Swiss bankers indicted by U.S. in tax crackdown - 09.01.2012 U.S. authorities are moving toward taking legal action against Wegelin & Co., which could lead to an indictment of one of Switzerland's last pure private banks, on charges that it enabled wealthy Americans to evade taxes, according to two persons with knowledge of the case. Source: Reuters
Islamic finance assets to hit US$ 1.1 trillion in 2012 - 22.11.2011 Islamic finance assets around the world are expected to climb 33% from their 2010 levels to $1.1 trillion by the end of 2012, boosted by the aftermath of the Arab Spring uprisings and dissatisfaction with conventional finance in the wake of the global debt crisis, consultants Ernst & Young said in a report on Tuesday. Source: Reuters
Spanish bank ratings downgraded by Fitch and S&P - 12.10.2011 Two leading credit rating agencies have downgraded some of Spain's largest banks, citing a deteriorating outlook for the Spanish economy. Source: BBC News
Spotlight on Islamic Retail Banking – strategies for fast growing industry - 07.10.2011 Islamic Banking is young but fast growing industry what brings challenges as need for standardization, expanding at the market (now < 1% population is banking Islamic Banks), lack of public awareness about Islamic Banking (misinterpretation) and limited resources of qualified people in this particular industry. Source: Fleming Gulf
JBIC inks $43bn credit line pact with Japan banks - 05.10.2011 The Japan Bank for International Cooperation (JBIC) said Wednesday that it has signed separate pacts with three major Japanese banks to give them a combined $43 billion, or Y3.3 trillion, credit line, as part of the government's steps to encourage companies to go ahead with M&As overseas. Source: Nikkei
U.S. banks begin charging monthly debit-card fees - 01.10.2011 Get ready for a new wave of bank fees. Bank of America will begin charging a $5 monthly fee at the beginning of next year for customers who make debit card purchases. Source: CNNMoney
Industrial and Commercial Bank of China (ICBC) is one of the largest banks in the world. In 2011, the Bank ranked number 7 on Forbes Global 2000 list of worlds biggest public companies. ICBC provides corporate and personal banking, treasury operations, investment banking, asset management, trust, financial leasing and other financial services. Total assets: approx. US$ 1.9 trillion (As of March 2010).
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