Industrial and Commercial Bank of China is the largest among the big four state-owned commercial banks of China. On 1st January, 1984 Industrial and Commercial Bank of China was established as a limited company. According to the latest record the Industrial and Commercial Bank of China has been occupying the 2nd position among the world's largest banks after City Bank. This evaluation has been done on the basis of market value.
ICBC has around 2.5 million corporate customers and 150 million individual customers. This bank offers a wide amount of loans to its customers.
The main functions of the Industrial and Commercial Bank of China covers commercial banking, corporate banking, retail banking, treasury and markets and investment banking. Among all these Treasury and markets include money market, foreign exchange and capital market. On the other hand the Commercial and retail banking includes commercial lending, retail banking and trade finance and the Corporate and investment banking includes corporate banking, debt capital market, corporate finance and advisory services. The operations of ICBC are carried out mainly in Hong Kong. There are around 1324 employees in the Industrial and Commercial Bank of China.
The Industrial and Commercial Bank of China offers safe investment policies to its existing clients. Apart from this the other facilities provided by the Industrial and Commercial Bank of China includes
- Password card
- Internet insurance
- Online Shopping Mall Bond investment
- Student loans
- Auto loans
- Self-service payment
- Telephone banking
The Industrial and Commercial Bank of China provides a good cash Management, Internet Banking and Transnational Financing. It has won Best Value awards and 2006 Best Favored Bank Card for its credit cards. Apart from this ICBC has acquired the Best Equity Deal from Global finance. With the course of time its amount of assets is also increasing.
