The Industrial and Commercial Bank of China is one of the Big Four Banks of China, founded in 1984 and serving China for more than 35 years. As part of the Chinese banking system, ICBC is an important presence in a country that is growing in importance and power in the world.
The ICBC is the largest bank in the world, boasting more than 4.5 trillion yuan in assets and ranks among the top banks in the world, with more than 360,000 employees and 16,000 outlets, 1.7 million ATMs and many online banking services. It is also the most international of Chinas banks, with branches in Hong Kong, Macau, London, Tokyo, New York and Sydney.
ICBC offers a range of banking services, including deposit accounts, credit cards, loans, foreign exchange, insurance, and investment services. It has become a major source of corporate and retail lending and is a market leader in both personal and business banking.
The banks presence within the global market is bolstered through its range of international banking services. ICBC is capable of providing treasury services, currency swaps, international payments and remittances, foreign exchange trading, and corporate services aimed at international clients. This wide range of services provides a full suite of commercial banking options, allowing international businesses — or those with international reach — the ability to manage their finances with a single, reliable partner.
ICBC is also home to one of the largest foreign exchange markets in the world, with total foreign exchange trading volumes exceeding $500billion per day. With such an active role in the foreign exchange market, ICBC can offer customers competitive pricing and more-than-generous exchange rates.
The banks consumer banking services include debit cards and credit cards, as well as payment services for digital wallets and mobile payments. Further, customers can open investment accounts for virtual currencies, including Bitcoin, Ethereum and Litecoin, as well as physical commodity market, including gold and silver, futures, options and derivatives.
The ICBC provides levels of high service and security that are relatively unmatched within the banking industry. They employ the latest technologies, such as biometric authentication and digital signatures, to ensure the security and privacy of private financial information.
In conclusion, the ICBC is one of the world’s top banks and is an important part of the Chinese banking system, growing in importance and power as China continues to expand its influence in the global economy. With its range of international banking services which includes deposit accounts, loans, foreign exchange, insurance, and investment services, customers around the world will be able to manage their finances with a reliable, secure and trusted institution.
