3. Industrial and Commercial Bank of China Limited
Industrial and Commercial Bank of China was formed as a limited company in 1984 and is the world’s largest bank in terms of asset and Market capitalization.
It is one of the China’s ‘Big-Four’ state owned commercial bank and is China’s first bank to become world’s largest. The bank has expanded its overseas network to 41 countries and regions covering 6 continents. The bank provides services to 5090 corporate customers and 465 million personal customers using both distribution channels of 17122 domestic, 338 overseas institutions and e-banking.
The bank provides international banking services wherein it offers international settlement, international financing, trade financing and foreign exchange payment guarantee, foreign exchange bid guarantee and other services. The bank also offers personal banking options like loan extension, investment management, cross border financial services and corporate banking services like wealth management, loan financing, corporate deposit, settlement services. The e-bannking option offered helps in conducting the banking functions online.
The bank is led by Jiang Jianqing and employs 405354 employees.