2. Industrial and Commercial Bank of China Limited
One of the China’s ‘Big-Four’ state owned commercial bank, the Industrial and Commercial Bank of China was formed as a limited company in 1984.
ICBC is the world’s largest bank in terms of asset and Market capitalization and is China’s first bank to become world’s largest. Providing services to 5090 corporate customers and 465 million personal customers, the Industrial and Commercial Bank of China has expanded its overseas network to 41 countries and regions covering 6 continents. The bank uses its distribution channels of 17122 domestic, 338 overseas institutions and e-banking in order to reach its customers.
The bank presently is led by Jing Jianqing and has around 405354 employees. The bank provides international banking services, personal banking options and e-banking. Under personal banking the bank provides options like investment management, cross border financial services and corporate banking services like loan financing, settlement services, wealth management. 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 e-banking option offered helps in conducting the banking functions online.