06/17/2019 | Press release | Distributed by Public on 06/17/2019 09:26
Industrial and Commercial Bank of China Limited (ICBC) is China's largest commercial bank, a leader in the Chinese domestic market, with a strong customer base, advanced information technology, a diversified product range and operating domestically and internationally in upwards of 42 countries and regions with 412 institutions. In 2018, ICBC ranked in 1st place in the Forbes Global 2000, and 1st place in the 2018 Top 1000 World Banks in terms of tier-1 capital. ICBC Is also rated Best Bank in China by Euromoney (2018) and number one Commercial Bank by Fortune.
Established in 2003 in the City of London, ICBC (London) plc provides professional solutions to various clients' needs. Industrial and Commercial Bank of China Limited London Branch was authorised by the Prudential Regulation Authority in 2014, and together with its 100% wholly-owned subsidiary, ICBC (London) plc (collectively referred to as the 'Bank'), provides a range of regulated financial products and banking services to its UK, Chinese and international clients, including corporate customers, individual customers and financial institutions. The Bank has specialized teams to deal with Commercial Real Estate, Commodities and Structured Finance, Global Loan Syndications, Trade Finance, Project and Infrastructure Finance and Treasury solutions by offering hedging solutions for currency and interest rate exposure via Foreign Exchange products and Interest Rate Derivatives.
ICBC currently maintains long term foreign currency investment grade ratings of A1/A (Moody's/S&P).
'Integrity Leads to Prosperity' is the core value behind ICBC's long-term development, including integrity and diligence, prudence and compliance, innovation and excellence, endurance and dedication. To learn more about ICBC, please visit our website at www.icbclondon.com.